Peripheral Guidewires Market: Current Analysis and Forecast (2022-2028)

Global Peripheral Guidewires Market is expected to grow at a significant rate of around 7% during the forecast period. In order to reach the peripheral vasculature and execute interventional treatment, peripheral guidewires are a device that is mostly employed during the performance of operational activities. Peripheral guidewire has recently been in high demand because of its use in a variety of procedures, including carotid, lower limb intervention, and renal. Peripheral guidewires are also used to measure the patient's medicine consumption as well as their heart rate, temperature, blood sugar, and stress levels. The peripheral guidewire is available in many forms and diameters and is made of various materials, including polyimides, stainless steel, and nitinol. Additionally, the peripheral guidewire is widely used for the treatment of femoropopliteal angioplasty, below-the-knee angioplasty, and aortoiliac angioplasty and is expected to propel the market growth during the forecast period.

Terumo Corp, Abbott Laboratories, Boston Scientific Corp, Asahi Intecc Co Ltd, Cardinal Health, Cook Group Inc, Merit Medical Systems Inc, Medtronic plc, CONMED Corporation, and Teleflex, Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, J-shaped Guidewires category to witness higher CAGR during the forecast period"

Based on the types, the market is segmented into J-shape guide wire, straight guide wire, and angled guide wire. The J-shape wire segment is expected to witness significant CAGR during the forecast period owing to its use to guide catheter at the place during the CVC insertions to gain access to the blood vessel. Additionally, the J-shaped guide wire eliminates the need for inserting needles into the deeper structure. The J-shaped guidewire also helps to identify the level of protein expression and is expected to support market growth.

"Amongst application, the interventional guidewire segment to grow with significant CAGR During in 2020"

Based on the application, the market is bifurcated into interventional guidewire and diagnostics guidewire. The interventional guidewire segment is expected to witness significant market growth during the forecast owing to the shift in the treatment and operational technology such as Percutaneous Coronary Intervention (PCI). Additionally, the interventional guidewire gives medical device businesses access to off-the-shelf products and regulatory approval, which is anticipated to promote market expansion in the near future.

"North America to hold a significant share in the market"

In 2020, North America held a significant share of the global peripheral guidewires market. This is mainly due to the rising healthcare costs as well as technical developments like the use of IoT, AI, and ML. Additionally, the region's rising surgical rates and the presence of numerous biotechnology and pharmaceutical firms are anticipated to promote market expansion. The market will expand as a result of the enormous population rise and greater risk of cardiovascular illnesses. In addition, the region's rising investment, new product launches, and rising R&D spending are anticipated to promote market expansion. For instance, Boston Scientific launched several guidewire products including Amplatz Super Stiff Guidewire, CHOICE Floppy Guidewire, Dreamwire High-Performance Guidewire, FORTE Moderate Support Guidewire, and Marker Wire, Hydra Jagwire High-Performance Guidewire for different applications.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

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Deep dive regional level analysis of the industry.

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