Vascular Guidewires Market Size, Share, Growth Analysis, By Product(Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, and Neurovascular Guidewires), By Coating type(Coated (Hydrophilic coating, Hydrophobic coating), Non-coated), By Raw Material(Nitinol, Stainless Steel, Other Raw Material), By End-user(Hospitals, Ambulatory Surgical Centres), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35B2187 | Region: Global | Published Date: June, 2024
Pages: 219 | Tables: 117 | Figures: 72

Vascular Guidewires Market News

February 2023: Terumo Corporation introduced the launch of its new hydrophilic polymer-covered vascular guidewire, the Terumo Guidewire Apex. The guidewire is designed to provide advanced trackability and flexibility, making it simpler to navigate through tortuous vessels.

March 2023: Abbott Vascular launched its new nitinol vascular guidewire, the Abbott Vascular Guidewire Maestro. The guidewire is designed to be greater flexible and steerable than traditional nitinol guidewires, making it less complicated to apply in complicated processes.

April 2023: Boston Scientific Corporation introduced the acquisition of Vascular Solutions, Inc., a leading company of vascular guidewires and other interventional clinical gadgets. The acquisition is expected to reinforce Boston Scientific's position within the vascular guidewire market.

Vascular Guidewires Market Report Snapshots

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Global Vascular Guidewires Market size was valued at USD 764 million in 2022 and is poised to grow from USD 802.96 million in 2023 to USD 1195.41 million by 2031, at a CAGR of 5.10% during the forecast period (2024-2031).

The competitive panorama within the global vascular guidewires market is characterized by extreme competition amongst several well-installed agencies and new entrants. These companies are continuously striving to benefit a competitive side through innovation in product design, fabric technology, and production processes. 'Cardinal Health, Inc. (US)', 'Abbott Laboratories (US)', 'Medtronic Plc. (Covidien Ltd.) (US)', 'Boston Scientific Corporation (US)', 'Becton, Dickinson and Company (C.R. Bard) (US)', 'Olympus Corporation (Japan)', 'Cook Medical Inc. (US)', 'B. Braun Melsungen AG (Germany)', 'Terumo Corporation (Japan)', 'Biotronik SE & Co. KG (Germany)', 'Johnson & Johnson (US)', 'Teleflex Incorporated (US)', 'Stryker Corporation (US)', 'MicroPort Scientific Corporation (China)', 'Asahi Intecc Co., Ltd. (Japan)'

Innovations in materials, layout, and production methods are main to the development of more particular and bendy guidewires.These advancements are enhancing the overall performance of vascular guidewires, making them more efficient and safer for complex procedures, thereby driving market growth.

Growing Emphasis on Personalized Medicine : Healthcare vendors are tailoring remedy methods to man or woman affected person wishes, and this trend is influencing the development of vascular guidewires. Manufacturers are creating guidewires with customizable functions to fulfill the unique anatomical and clinical requirements of sufferers, leading to greater effective and affected person-centric interventions. This fashion reflects the wider shift toward precision medicinal drug in healthcare

North America stands as the dominating vicinity within the international vascular guidewires marketplace in 2022. This is more often than not because of its superior healthcare infrastructure, high healthcare expenditure, and a tremendous consciousness on technological advancements. Leading clinical device businesses, studies establishments, and well-established regulatory surroundings make contributions to North America's prominence in this market.

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