For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Guide Wire market:
According to our latest research, the global Guide Wire market looks promising in the next 5 years. As of 2022, the global Guide Wire market was estimated at USD 1061.77 million, and it's anticipated to reach USD 1383.26 million in 2028, with a CAGR of 4.51% during the forecast years.
Guide Wire is a device used to enter tight spaces, e.g., obstructed valves or channels, within the body, or to assist in inserting, positioning, and moving a catheter. Guidewires vary in size, length, stiffness, composition, and shape of the tip.
Guide Wire Opportunities and Drivers
According to reports and data from the World Health Organization, in 2016, more than 1.9 billion adults over the age of 18 were overweight. More than 650 million of them are obese. In 2019, 38 million children under the age of five were overweight or obese. About a third of cancer deaths result from five major behavioral and dietary risk factors: high body mass index, low fruit and vegetable intake, physical inactivity, tobacco use, and alcohol consumption. Adults are increasingly adopting unhealthy lifestyles, such as lack of physical activity, sedentary work life, alcohol and tobacco abuse, and high intake of saturated fats and sugars. These factors increase the risk of chronic diseases such as obesity, diabetes and cardiovascular disease, and smoking, diabetes, high blood pressure or high cholesterol increase the risk of developing PAD. Thus, the increasing burden of chronic diseases is expected to drive the market in the coming years.
According to World Health Organization (WHO) estimates from 2018, the global population aged 60 and over is expected to grow from 12 percent in 2015 to 22 percent in 2050. An older population with cardiovascular disease places a burden on the healthcare system. According to World Bank estimates, nearly 27.04% of Japan's total population was aged 65 years and older in 2017, compared to nearly 25% in 2015. The prevalence of cardiovascular disease increases with age and is expected to increase the need for Guide Wire in surgery.
China is aging gradually due to family planning policies and a continued decline in fertility rates.
According to the National Bureau of Statistics (NBS), the number of elderly people over 65 years of age in China has been increasing year by year and reached 166.6 million in 2018, with a compound annual growth rate of 4.9%, and the number of elderly people over 65 years of age as a percentage of the total population reached 11.9%. In the future, the aging of China's population will continue to increase, and according to the National Population Development Plan (2016- 2030) issued by the State Council at the end of 2016, the number of elderly people is expected to grow steadily until 2021, and accelerate from 2021 to 2030.
Older people's bodily functions decline, their defenses against external environmental stimuli and disease-causing microorganisms decline, and the prevalence of various diseases increases. The continued rapid growth of the elderly population is driving the demand for clinical medical consumables and creating incremental space for the development of the medical consumables industry. Thus, the increasing geriatric population is one of the key drivers for this market.
Segmentation Overview:
Among different product types, Straight Guide Wire segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Cardiovascular Diseases segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Guide Wire market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Guide Wire Market Report:
Market Size Estimates: Guide Wire market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Guide Wire market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Guide Wire market
Segment Market Analysis: Guide Wire market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Guide Wire market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Guide Wire Market: Revenue and sales volume of major countries in each region
Guide Wire Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Guide Wire market in major regions.
Guide Wire Industry Value Chain: Guide Wire market raw materials & suppliers, manufacturing process, distributors, downstream customers
Guide Wire Industry News, Policies & Regulations
Key players in the global Guide Wire market are covered in Chapter 12:
Asahi
Epflex
Infiniti Medical
Shenzhen Yixinda
Cardinal
Hanaco
Boston Scientific Corporation
Shannon MicroCoil
TE Connectivity
SP Medical
Terumo Medical
Medtronic
Integer
Biotronik
Lepu Meidcal
Cook Medical
Merit Medical Systems
Custom Wire Technologies
Abbott Vascular
Acme Monaco
In Chapter 2 and Chapter 15.1, based on types, the Guide Wire market from 2018 to 2028 is primarily split into:
Straight Guide Wire
Angled Guide Wire
J-Shape Guide Wire
In Chapter 3 and Chapter 15.2, based on applications, the Guide Wire market from 2018 to 2028 covers:
Peripheral Artery Disease (PAD)
Cardiovascular Diseases
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Guide Wire market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028