Latest News- Peripheral Guidewires Market: Interventional is expected to lead the Application segment during 2025-2029

The Peripheral Guidewires Market is being driven by Increasing demand for MI procedures

The Peripheral Guidewires Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 324.4 million. In the dynamic and competitive landscape of the global peripheral guidewires market, manufacturers are relentlessly innovating to introduce advanced guidewires that enhance clinical outcomes and improve diagnostic experiences for end-users. Merit Medical Systems' Laureate Hydrophilic Guide Wires represent the cutting edge of this evolution, featuring a hydrophilic coating that maintains a consistent fluid layer on the wire surface, ensuring optimal lubrication and durability. This superior lubricity enables the guidewire to traverse even the most intricate and challenging lesions, thereby securing successful interventional and diagnostic procedures. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Interventional
  • Diagnostic
• End-user
  • Cardiac catheterization laboratories
  • Hospitals
  • Others
• Material
  • Stainless steel
  • Nitinol
  • Hybrid materials
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for MI procedures
• Growing incidence of peripheral vascular diseases (PVD)
• Rising awareness about PVD

However, the market also witnesses some limitations, which are as follows:

• Stringent regulatory framework regarding medical devices
• Shortage of vascular surgeons
• Lack of access to quality healthcare in economically underdeveloped regions

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Market Scope in Peripheral Guidewires Market Research Report

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Research Analysis Overview

The Peripheral Guidewires Market encompasses medical devices utilized in endovascular procedures, including interventional cardiology and neurovascular procedures. These procedures employ minimally invasive surgery and image-guided interventions to address peripheral vascular disease. Balloon angioplasty and various stent types, such as drug-eluting and bioresorbable stents, are essential components of peripheral vascular intervention. Neurovascular intervention also benefits from these advancements, along with vascular access, grafts, closure devices, and other medical devices. Medical device design, manufacturing, regulation, certification, safety, efficacy, cost, and market growth are key aspects of this sector within medical technology and healthcare technology, driving medical innovation.

Market Research Overview

The Peripheral Guidewires Market is a significant segment of the expansive Global Healthcare Supplies Market, encompassing businesses specializing in the research and development of guidewires. These medical devices are essential for diagnostic and therapeutic interventions in various medical fields. Technavio, a leading market research firm, calculates the size of the Global Healthcare Supplies Market based on the consolidated revenue of manufacturers supplying a diverse range of medical supplies, including guidewires, syringes, drapes, gloves, and gowns. Factors propelling the growth of this market include the increasing global population aging, with nearly one-quarter of the US population and similar proportions in Europe projected to be over 60 years old by 2050 and 2030, respectively. This demographic shift necessitates advanced medical solutions, driving demand for innovative guidewires with superior design, flexibility, strength, and biocompatibility, ensuring effective tracking during medical procedures.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/