According to the research report titled ‘Global Guidewires Market Size study, by Product (Interventional Guidewires and Diagnostic Guidewires) by Application (Coronary Guidewires, Peripheral Guidewires, Urology Guidewires, Radiology Guidewires, Neurovascular Guidewires, Gastroenterology Guidewires, Others) by Material Type (Nitinol Guidewires, PTFE Guidewires, Stainless Steel Guidewires, Hybrid Guidewires) by Tip Shape (J Tip, Angled Tip, Straight Tip) by end use industries (Hospitals, Ambulatory Surgical Centers, Cardiac Catheterization Laboratories, Specialty Clinics) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global guidewires market is slated to record modest expansion during 2022-2028.

The development of global guidewires market is fueled by parameters like growing preference for non-invasive surgical treatments, rising geriatric population with surge in occurrences of chronic conditions such as diabetes, cancer, heart disease, etc., and demand for developing sturdy healthcare infrastructure, especially in emerging economies.

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For those unaware, a guidewire is a thin, adjustable medical wire that is injected into the body to enable the body's internal parts to be shown on a fairly large display unit. Depending upon the application and use, guidewire varies in size, length, and rigidity.

Despite the positive orientation, the exorbitantly expensive nature of the product as well as interruptions in supply chain operations prompted by the COVID-19 pandemic, are likely to impede the industry progress in the years ahead.

To understand worldwide guidewires market dynamics and profit potential, the report classifies it based on product type, tip-shape, material type, application scope, and end-use ambit.

From a regional perspective, North America market is poised to register significant development during the assessment period, due to the presence of key players, coupled with rising inclination toward non-invasive surgical procedures in the region.

Whereas Asia Pacific industry is estimated to retain substantial revenue share during the projected timeframe, on account of the rising incidences of cardiovascular diseases as well as a thriving healthcare sector. 

The prominent companies in global guidewires industry include Boston Scientific Corporation, Merit Medical Inc., Terumo Corporation, Cook Group Incorporated, Medtronic plc, Johnson & Johnson, Teleflex Incorporated, Cardinal Health Inc., B. Braun Group, and Stryker Corporation among others.