North America Guidewires Market Size & Outlook, 2023-2030
North America guidewires market, 2018-2030 (US$M)
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North America guidewires market highlights
- The North America guidewires market generated a revenue of USD 908.5 million in 2023.
- The market is expected to grow at a CAGR of 5% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 908.5 million |
| Market revenue in 2030 | USD 1,277.9 million |
| Growth rate | 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 |
| 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, North America region accounted for 35.2% of the global guidewires market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 982.7 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 43.4% in 2023. Horizon Databook has segmented the North America 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 market in North America comprises the U.S. and Canada. According to CDC, heart conditions account for one in every four deaths in the U.S. Factors such as obesity, poor diet, physical inactivity, excessive alcohol consumption & smoking, hypertension, and high cholesterol levels, lead to heart conditions. About 50% of the Americans exhibit at least one of these risk factors.
Thus, the risk for developing cardiovascular diseases is rising in North America. This is expected to increase the demand for guidewires. Growing preference for minimally invasive surgeries, such as minimally invasive coronary bypass and Minimally Invasive Cardiothoracic Surgery (MICS), is also contributing to market growth.
According to the data published by Journal of American Hospital Association (AHA) in 2013, the number of centers providing Percutaneous Coronary Intervention (PCI) in the U.S. increased from 1,296 to 1,571 between 2003 and 2011 (an increase of 21.2%).
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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 continent-level data and insights on the North America guidewires market , including forecasts for subscribers. This continent databook contains high-level insights into North America guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America guidewires market size, by country, 2018-2030 (US$M)
North America Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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