India Guidewires Market Size & Outlook, 2023-2030
India guidewires market, 2018-2030 (US$M)
Related Markets
India guidewires market highlights
- The India guidewires market generated a revenue of USD 106.0 million in 2023 and is expected to reach USD 171.0 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% 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 106.0 million |
| Market revenue in 2030 | USD 171.0 million |
| Growth rate | 7.1% (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, India accounted for 4.1% 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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India 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 42.36% in 2023. Horizon Databook has segmented the India 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 growth of the guidewire market in this region is directly related to the pace of major economies and increase in adoption of advanced medical devices with developing healthcare infrastructure. These factors are aided by increase in government funding and growth in medical tourism. Innovation and research activities are significantly high in the market due to competition among private healthcare providers & hospitals, which are focused on improving patient care & safety.
However, interoperability issues, reluctance of cardiologists to implement these solutions, and high cost of good quality guidewires may hinder growth of the Indian market. India does not have well-established healthcare protocols like Health Insurance Portability and Accountability Act of the U.S., therefore, the market growth may be affected.
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Our clientele includes a mix of guidewires market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India guidewires market , including forecasts for subscribers. This country databook contains high-level insights into India guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India guidewires market size, by product, 2018-2030 (US$M)
India Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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