China Guidewires Market Size & Outlook, 2023-2030
China guidewires market, 2018-2030 (US$M)
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China guidewires market highlights
- The China guidewires market generated a revenue of USD 203.6 million in 2023 and is expected to reach USD 320.2 million by 2030.
- The China market is expected to grow at a CAGR of 6.7% 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 203.6 million |
| Market revenue in 2030 | USD 320.2 million |
| Growth rate | 6.7% (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, China accounted for 7.9% 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 Asia Pacific, China guidewires market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 171.0 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 42.44% in 2023. Horizon Databook has segmented the China guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in geriatric population, along with increase in incidence of cardiac & GI diseases, is a major factor driving the growth of the guidewires market in China. For instance, according to IHME, in 2017, stroke and ischemic heart disease were the leading causes of death in the country. Economy plays an important role in driving market growth, especially in the developing countries.
In the recent years, China has proven to be an attractive market for medical devices. There has been a rapid economic development and a gradual rise in healthcare expenditure in China over the past 30 years. Many companies, local and international, are trying to leverage this opportunity by launching new and affordable products in the market.
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Our clientele includes a mix of guidewires market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China guidewires market , including forecasts for subscribers. This country databook contains high-level insights into China guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China guidewires market size, by product, 2018-2030 (US$M)
China Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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