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Guide Wire Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030

ID : MRU_114676 | Date : Feb, 2023 | Pages : 186 | Region : Global

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Peripheral guidewires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or nitinol which posses\' superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guidewires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity.Peripheral guidewires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature.

Peripheral guidewire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.

The Guide Wire industry concentration is relatively high; there are just not much manufacturers in the world, and mainly from Japan and USA.

Global giant manufactures mainly distributed in Japan and USA. The manufacturers in Japan have a long history and unshakable status in this field. Manufacturers such as Terumo Medical and Asahi have relative higher level of product\'s quality. As to United States, Abbott Vascular has become as a global leader through its own business and acquisition. In Europe, TE Connectivity acquired AdvancedCath and definitive agreement to acquire Creganna, thus leads the technology development. Most of Chinese manufactures are not professional producers, that make their products have lower market recognition, even in China domestic market.

The key consumption markets locate at developed countries. The North America takes the market share of 30%, followed by EU with 25.6%. China\'s consumption market has a quicker growing speed of CAGR 9.6%.

We tend to believe this industry becomes more and more mature, and the consumption increasing rate will show a smooth curve.


The report offers detailed coverage of Guide Wire industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Guide Wire by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Guide Wire market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.

First, this report covers the present status and the future prospects of the global Guide Wire market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Terumo Medical
Abbott Vascular
Asahi
Boston Scientific Corporation
Cardinal
Integer
Medtronic
Cook Medical
TE Connectivity
Merit Medical Systems
SP Medical
Epflex
Shannon MicroCoil
Acme Monaco
Infiniti Medical
Custom Wire Technologies
Biotronik
Hanaco
Lepu Meidcal
Shenzhen Yixinda

At the same time, we classify Guide Wire according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Straight Guide Wire
Angled Guide Wire
J-Shape Guide Wire
Market by Application
Peripheral Artery Disease (PAD)
Cardiovascular Diseases

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Guide Wire market for the forecast period 2023 - 2030?
• What are the driving forces in the Guide Wire market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Guide Wire industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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