Brazil Guidewires Market Size & Outlook, 2023-2030
Brazil guidewires market, 2018-2030 (US$M)
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Brazil guidewires market highlights
- The Brazil guidewires market generated a revenue of USD 87.1 million in 2023 and is expected to reach USD 130.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Neurovascular guidewires is the most lucrative product segment registering the fastest growth during the forecast period.
Guidewires market data book summary
| Market revenue in 2023 | USD 87.1 million |
| Market revenue in 2030 | USD 130.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Neurovascular guidewires |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Coronary guidewires, Peripheral guidewires, Urology guidewires, Neurovascular guidewires |
| Key market players worldwide | Boston Scientific Corp, Medtronic PLC, COOK, B. Braun, Terumo Corp, Abbott Laboratories, Stryker Corp, Teleflex Inc, BD |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.4% of the global guidewires market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil guidewires market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 83.4 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 44.32% in 2023. Horizon Databook has segmented the Brazil guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
In 2016, almost 22.9% of women and 17.2% of men were obese, constituting for 20.1% of the total population in Brazil. Although prevalence of obesity in the country is currently low, existing circumstances are accentuating the situation and are likely to result in a high prevalence of metabolic & cardiovascular diseases.
Thus, the demand for guidewires for use in various cardiovascular surgeries is expected to increase in the coming years. According to the IHME, in 2017, ischemic heart diseases and stroke were the leading causes of death in Brazil.
Increasing prevalence of target diseases, developing healthcare infrastructure, growing economic strength, and rising number of players showing interest in exploring market opportunities are boosting the demand for guidewires in Brazil.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil guidewires market , including forecasts for subscribers. This country databook contains high-level insights into Brazil guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil guidewires market size, by product, 2018-2030 (US$M)
Brazil Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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