Global Guidewires Market Size & Outlook, 2023-2030
Global guidewires market, 2018-2030 (US$M)
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Global guidewires market highlights
- The global guidewires market generated a revenue of USD 2,584.2 million in 2023 and is expected to reach USD 3,768.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.5% by 2030.
- In terms of segment, coronary guidewires accounted for a revenue of USD 1,117.6 million in 2023.
- Neurovascular guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,584.2 million |
| Market revenue in 2030 | USD 3,768.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
Other key industry trends
- In terms of revenue, the North America accounted for 35.2% of the global guidewires market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 51.9 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global guidewires market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to guidewires market will help companies and investors design strategic landscapes.
Coronary guidewires was the largest segment with a revenue share of 43.25% in 2023. Horizon Databook has segmented the Global guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for Minimally Invasive Surgeries (MIS) is increasing. These procedures result in fewer traumas to patients and quicker recovery than invasive procedures such as open-heart surgery. Research results published by manufacturers (Ethicon Endo-Surgery, Inc.)Guidewires are used in minimally invasive procedures, thus the rising demand for minimally invasive surgeries is expected to boost the market during the forecast period.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global guidewires market , including forecasts for subscribers. This global databook contains high-level insights into Global guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global guidewires market size, by regions, 2018-2030 (US$M)
Top 10 countries: Guidewires market size, 2023 (US$M)
Global guidewires market share, by product, 2023 & 2030 (%, US$M)
Guidewires market: Opportunity assessment by country
Global guidewires market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 711.5 | 746.7 | 786.6 | 823.4 | 864.7 | 908.5 | 954.6 | 1,002.3 | 1,052.1 | 1,104.5 | 1,159.5 | 1,217.2 | 1,277.9 | 5.0% |
| Europe | 518.0 | 544.6 | 575.8 | 605.2 | 638.5 | 673.6 | 711.1 | 749.6 | 787.0 | 826.2 | 867.4 | 910.6 | 956.0 | 5.1% |
| Asia Pacific | 463.0 | 492.8 | 526.5 | 559.0 | 595.4 | 634.3 | 675.9 | 719.5 | 765.9 | 815.2 | 867.6 | 923.4 | 982.7 | 6.5% |
| Latin America | 180.0 | 190.4 | 202.1 | 213.2 | 225.7 | 239.0 | 253.1 | 267.8 | 283.4 | 299.9 | 317.4 | 335.8 | 355.4 | 5.8% |
| MEA | 101.8 | 107.8 | 113.1 | 117.8 | 123.1 | 128.7 | 134.6 | 140.7 | 150.5 | 160.8 | 171.9 | 183.7 | 196.3 | 6.2% |
| Overall | 1,974.2 | 2,082.3 | 2,204.0 | 2,318.6 | 2,447.4 | 2,584.2 | 2,729.4 | 2,880.0 | 3,038.9 | 3,206.6 | 3,383.8 | 3,570.7 | 3,768.2 | 5.5% |
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