South Africa Guidewires Market Size & Outlook, 2023-2030
South Africa guidewires market, 2018-2030 (US$M)
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South Africa guidewires market highlights
- The South Africa guidewires market generated a revenue of USD 16.6 million in 2023 and is expected to reach USD 26.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.9% 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 16.6 million |
| Market revenue in 2030 | USD 26.6 million |
| Growth rate | 6.9% (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, South Africa accounted for 0.6% 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 Middle East & Africa, Saudi Arabia guidewires market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 26.6 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 42.77% in 2023. Horizon Databook has segmented the South Africa guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
Prevalence of obesity is increasing in South Africa due to factors such as modernization and improper diet, including high consumption of fast food. Approximately 33% of the population is obese, making it the country with the highest obesity rate among the sub-Saharan countries. There is a high prevalence of cardiovascular diseases in the country.
According to the IHME, ischemic heart diseases and stroke are the second and fourth leading causes of death, respectively, in South Africa. Major risk factors for heart diseases include high alcohol consumption & smoking and hypertension.
Thus, demand for surgical interventions is expected to increase, which, in turn, is likely to boost the demand for guidewires in the country. Major players in the South African market include SP Medical, Biometrix, Stryker, B. Braun Melsungen AG, and Abbott.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa guidewires market , including forecasts for subscribers. This country databook contains high-level insights into South Africa guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa guidewires market size, by product, 2018-2030 (US$M)
South Africa Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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