Austin, May 16, 2025 (GLOBE NEWSWIRE) -- “According to SNS Insider, the Guidewires Market size was valued at USD 814.90 million in 2023 and is projected to grow to USD 1300.49 million by 2032, representing a Compound Annual Growth Rate (CAGR) of 5.37% during the forecast period.”
The guidewires market is a steadily growing market in the medical devices application sector, and it is the factors such as the prevalence of cardiovascular and neurovascular diseases and the growing preference for minimally invasive surgeries. New guidewire technology, including increased flexibility, torque control, and biocompatible materials, improves procedural success. It's also benefiting from an increasing number of interventional procedures and increasing utility across a broad range of medical sub-specialties - cardiology, urology, neurology, etc.
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The U.S. Guidewires Market was estimated at USD 270.63 million in 2023 and is expected to reach USD 435.20 million by 2032, at a CAGR of 5.46% during the forecast period of 2024-2032
The United States dominates the North American guidewires market, capturing more than two-thirds of the regional market share in 2024. Its well-developed healthcare system, increased healthcare expenditure, and the existence of major medical device companies make it a dominant force. Increasing incidences of cardiovascular diseases, increased use of minimally invasive procedures, and favorable reimbursement policies further contribute to the market position.
Major Players Analysis Listed in this Report are:
- Boston Scientific Corporation (Kinetix Guidewire, Fathom Steerable Guidewire)
- Medtronic plc (Intercept Core Wire Guide, Thunder Extra Support Guidewire)
- Abbott Laboratories (Hi-Torque Balance Middleweight Guidewire, Whisper MS Guidewire)
- Terumo Corporation (Glidewire Advantage Peripheral Guidewire, Runthrough NS Guidewire)
- B. Braun Melsungen AG (Certofix Guidewire, Introcan Safety Guidewire)
- Cardinal Health, Inc. (Guidant Guidewire, Cordis Emerald Guidewire)
- Cook Medical (Roadrunner PC Wire Guide, Lunderquist Extra-Stiff Wire Guide)
- Teleflex Incorporated (Spectre Guidewire, Arrow Guidewire)
- Asahi Intecc Co., Ltd. (Asahi PTCA Guide Wire, Asahi Peripheral Guide Wire)
- AngioDynamics, Inc. (Uni-Fuse Infusion System Guidewire, Soft-Vu Angiographic Guidewire)
- Merit Medical Systems, Inc. (InQwire Amplatz Guidewire, InQwire Diagnostic Guidewire)
- Nipro Medical Corporation (Nipro Guidewire, Nitinol Hydrophilic Guidewire)
- Gore Medical (Gore TIPS Set, Gore Hybrid Vascular Graft Guidewire)
- Biotronik SE & Co. KG (Coroflex ISAR NEO Guidewire, Galeo Pro Guidewire)
- Integer Holdings Corporation (VascuTrak PTA Dilatation Catheter Guidewire, MicroGuide Catheter Guidewire)
- Olympus Corporation (VisiGlide 2 Guidewire, UltraTrack Guidewire)
- Smiths Medical (JELCO Guidewire, Portex Guidewire)
- Stryker Corporation (Stryker Guidewire, Neuroform Atlas Stent System Guidewire)
- Vascular Solutions, Inc. (Langston Dual Lumen Catheter Guidewire, Twin-Pass Dual Access Catheter Guidewire)
- C.R. Bard, Inc. (Loma Vista Guidewire, TruGuide Guidewire)
Guidewires Market Report Scope
| Report Attributes | Details |
| Market Size in 2023 | US$ 814.90 million |
| Market Size by 2032 | US$ 1300.49 million |
| CAGR | CAGR of 5.37% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Key Growth Drivers | The increasing incidence of cardiovascular and neurovascular diseases is a major driver for the guidewires market. |
Segment Analysis
By Material, Stainless Steel Segment Dominates the Guidewires Market
Stainless steel was the dominant segment of the guidewires market in 2023 due to its improved mechanical properties, including high tensile strength, excellent torque control, and kink resistance. These attributes make stainless steel guidewires ideal for complex interventional procedures, especially in cardiology and urology. Moreover, their affordability and easy availability make them a first choice in developed as well as developing countries. Stainless steel guidewires, too, provide consistent performance and durability, which are essential in precision-based minimally invasive procedures, thus cementing their stronghold in clinical practice in all specialty areas.
By Product, Coronary Guidewires Segment Dominates the Guidewires Market
In 2023, the coronary guidewires segment led the market for guidewires with a 42.56% market share due to the increasing global burden of cardiovascular disease, or coronary artery disease (CAD). Guidewires are central to percutaneous coronary interventions (PCI), which are increasingly utilized as less traumatic alternatives to open-heart surgery. Improvements in guidewire technology, including increased flexibility, steerability, and ability to cross lesions, also facilitate their universal application. Furthermore, increased awareness, increased cardiac care centers, and favorable reimbursement policies have greatly increased the volume of coronary interventions, fueling demand and further consolidating the hold of coronary guidewires on the international market.
By Application, Cardiology Segment Dominates the Guidewires Market
In 2023, the cardiology segment led the guidewires market with 26.22% market share because of the high incidence of cardiovascular diseases and the growing number of interventional cardiology procedures globally. Guidewires play a vital role in the navigation of intricate vascular pathways during procedures such as angioplasty and stent placement. The increase in demand for minimally invasive cardiac procedures, made possible by advanced imaging technology and device engineering, also drove cardiology applications. In addition, the rising aging population, lifestyle risk factors, and improved availability of specialty cardiac care have fueled procedure volumes, affirming cardiology's leadership in the global guidewires market.
By End-User, Hospitals Segment Dominates the Guidewires Market
In 2023, the guidewires market was dominated by the hospitals segment with 32.18% market share because they take center stage for conducting intricate diagnosis and interventional procedures, including cardiovascular, urological, as well as neurological interventions. With sophisticated infrastructure, trained healthcare practitioners, and integral diagnostic facilities, hospitals are becoming the foremost scenario for surgeries where guidewires are used. The rise in hospitalizations for acute and chronic conditions, along with growing investments in healthcare infrastructure, also increased guidewire usage further. Moreover, positive reimbursement policies and the presence of multidisciplinary care also lead to hospitals holding their top spot in the world guidewires market.
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North America Dominates the Guidewires Market, Asia-Pacific Expected to Register Fastest Growth
North America leads the guidewires market with a 37.21% market share in 2023 its strong healthcare infrastructure, high usage of sophisticated medical technologies, and high healthcare expenditure. The market is supplemented by a strong density of market leaders, ongoing R&D activities, and elevated procedure volumes, especially for cardiovascular and neurovascular interventions. Good reimbursement policies and heightened consciousness toward minimally invasive procedures also fuel demand. The United States, for example, remains a key driver, driven by an expanding elderly population and an elevated incidence of chronic diseases.
Asia-Pacific is expected to exhibit the fastest growth in the guidewires market with a 6.45% CAGR during the forecast period, due to enhanced healthcare infrastructure and expanding healthcare investments. Urbanization is happening at a fast pace, with rising healthcare access and higher cardiovascular disease burdens being key growth drivers. Government efforts to improve medical facilities and the growing presence of international medical device firms are also driving factors.
Guidewires Market Segmentation
By Material
- Nitinol Guidewire
- Stainless Steel Guidewire
- Hybrid Guidewire
By Product
- Coronary guidewires
- Peripheral guidewires
- Urology guidewires
- Neurovascular guidewires
By Application
- Cardiology
- Vascular
- Neurology
- Urology
- Gastroenterology
- Oncology
- Otolaryngology
By End-User:
- Hospitals
- Diagnostic Centers
- Ambulatory Care Centers
- Research Laboratories & Academic Institutes
- Others
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence of Target Diseases (2023)
5.2 Guidewire Usage Trends, by Specialty (2023 & Forecast 2024-2032)
5.3 Material Preference Trends (2023 & Forecast 2024-2032)
5.4 Healthcare Spending on Interventional Procedures (2023 & Forecast 2024-2032)
6. Competitive Landscape
7. Guidewires Market by Material
8. Guidewires Market by Product
9. Guidewires Market by Application
10. Guidewires Market by End-User
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Related Report
Cardiac Catheters and Guidewires Market Analysis
Cardiovascular Devices Market Insights
Minimally Invasive Surgery Market Outlook
Neurovascular Devices Market Growth Forecast
Urology Devices Market Size, Share & Trends Analysis
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