On the regional front, the Europe guidewires market is expected to record USD 331.2 million by 2026. This growth is majorly attributed to the high prevalence of cardiovascular diseases and an increase in the number of peripheral and coronary interventions. As per the EHN (European Heart Network) estimates, in 2017, CVD was responsible for the deaths of 3.9 million people in Europe. This has led to an increase in the demand for minimally invasive surgeries, which in turn driving Europe guidewires industry size.

The surging geriatric population suffering from lifestyle disorders has further accelerated the demand for guidewires. As per the WHO (World Health Organization), the population aged 60 years and above is anticipated to grow from 12% in 2015 to 22% by 2050. As this class of population is prone to various cardiovascular diseases, guidewires are expected to record significant demand in surgical interventions in the forthcoming time. Meanwhile, industry participants are focusing on new product innovation and development to tap major market share and expand their product portfolio.

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With the integration of advanced guidewire systems, practitioners would be able to improve control and precision of surgical procedure. Additionally, growing prevalence of coronary artery diseases might benefit the Europe guidewires market landscape. As per the European Heart Network (EHN), cardiovascular diseases were responsible for over 3.9 million deaths in Europe in 2017, accounting for almost 45% of total deaths.

Surging prevalence of target diseases along with rapidly expanding population base could stimulate the demand for new research related to guidewires. There is still a huge amount of unexplored potential in guidewire applications and novel materials that are related to diagnostic and surgical procedures. Estimates suggest that research laboratories could record a reasonable growth of 5% over the forecast timeframe.

Industry-leading participants have been producing guidewires with a variety of materials, flexibility, length, diameters, coatings, and other mechanical properties for suitability in a wide range of clinical applications. Based on material, the stainless steel segment held 22.5% of the total market share in 2019. Stainless steel is preferred raw material owing to the fact that it exhibits superior mechanical properties like more torque ability, push ability, and good shape ability.

The recent approval of cutting-edge hybrid guidewires made from nickel, stainless steel, and titanium has also created lucrative opportunities for leading companies. Hybrid guidewires serve a comprehensive range of applications with numerous OD, tip shape, and length options.

As per estimates, based on volume, the guidewires market is estimated to be over 77.5 million units by 2026. The strong presence leading industry participants is a key reason boosting guidewires market volume. Companies such as Cook Group Incorporated, B. Braun Melsungen AG, Medtronic plc., Boston Scientific Corporation, and Olympus Corporation have been leveraging organic and inorganic growth strategies like mergers, acquisitions, and product innovations to tap major market share.

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Partial Chapter of the Table of Content

Chapter 5.  Guidewires Market, By Coating

5.1. Key segment trends

5.2. Coated

5.2.1.  Market size, by region, 2015-2026 (USD Million)

5.2.2.  Hydrophilic Coating    Market size, by region, 2015-2026 (USD Million)

5.2.3.  Anti-thrombogenic/Heparin coating    Guidewires Market size, by region, 2015-2026 (USD Million)

5.2.4.  Hydrophobic Coating    Market size, by region, 2015-2026 (USD Million)

5.2.5.  Silicone Coating    Market size, by region, 2015-2026 (USD Million)

5.2.6.  Tetrafluoroethylene (TFE) Coating    Market size, by region, 2015-2026 (USD Million)

5.3. Non-coated

5.3.1.  Market size, by region, 2015-2026 (USD Million)

Chapter 6.  Guidewires Market, By Application

6.1. Key segment trends

6.2. Coronary Guidewires

6.2.1.  Market size, by region, 2015-2026 (USD Million)

6.2.2.  Market size, by region, 2015 – 2026 (‘000 Units)

6.3. Peripheral Guidewires

6.3.1.  Market size, by region, 2015-2026 (USD Million)

6.3.2.  Market size, by region, 2015 – 2026 (‘000 Units)

6.4. Urology Guidewires

6.4.1.  Market size, by region, 2015-2026 (USD Million)

6.4.2.  Guidewires Market size, by region, 2015 – 2026 (‘000 Units)

6.5. Neurovascular Guidewires

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