U.S. Guidewires Market Size & Outlook, 2023-2030
U.S. guidewires market, 2018-2030 (US$M)
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U.S. guidewires market highlights
- The U.S. guidewires market generated a revenue of USD 791.2 million in 2023 and is expected to reach USD 1,105.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, coronary guidewires was the largest revenue generating product in 2023.
- Urology 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 791.2 million |
| Market revenue in 2030 | USD 1,105.0 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Coronary guidewires |
| Fastest growing segment | Urology 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, U.S. accounted for 30.6% 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 North America, U.S. guidewires market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 172.9 million by 2030.
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Guidewires Market Scope
Guidewires Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 43.06% in 2023. Horizon Databook has segmented the U.S. guidewires market based on coronary guidewires, peripheral guidewires, urology guidewires, neurovascular guidewires covering the revenue growth of each sub-segment from 2018 to 2030.
Growing prevalence of cardiovascular diseases and rising preference for minimally invasive surgeries are the key factors driving the growth of the market in the U.S. People in the country prefer noninvasive surgeries owing to the probability of high infection associated with invasive surgeries. In addition, noninvasive methods reduce hospital stay for patients, thereby saving time and cost.
According to the data published by St. Jude Medical (Abbott) in 2016, nearly 900,000 PCI procedures were performed each year in the country. Technological advancements, coupled with product launches, to streamline the procedures and make them safer & more cost-effective, are among the key factors contributing to market growth.
This new product offers better shape retention and improved shapeability to enable the use of percutaneous coronary intervention (PCI) for complex anatomies. In January 2018, Cook Medical launched the Motion 2-in-1 hybrid wire guide for urology procedures featuring a nitinol access guidewire with a Teflon-fixed core safety guidewire.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. guidewires market , including forecasts for subscribers. This country databook contains high-level insights into U.S. guidewires market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. guidewires market size, by product, 2018-2030 (US$M)
U.S. Guidewires Market Outlook Share, 2023 & 2030 (US$M)
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