The increasing demand for minimally invasive surgeries (MIS), which emits zero carbon and leaves no sulphur traces, is expected to drive market expansion in the near future at a CAGR of 3.80% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a “Global Guidewires Market” 

Market Highlights

The global guidewires market is accounted to register a CAGR of 3.80% during the forecast period and is estimated to reach USD 1.4 Billion by 2032.

Guidewires are tools made expressly to aid in installation and navigation so that deliveries can be made more easily at the treatment site. These wires have characteristics like opacity, pushability, steerability, and torque. While steerability refers to the wire tip's capacity and sensitivity to maneuver inside the vessels, pushability refers to the amount of force required to propel the wire forward. While easily moving the vessel turnings, torque is needed. Its opacity determines how visible it appears during fluoroscopic imaging, which is necessary to focus on and move through the vessels.

The key players operating in the worldwide guidewires market are predicted to benefit from profitable expansion prospects brought on by emerging guidewire applications. Globally, emerging economies are concentrating on healthcare spending, which may have a beneficial effect on the expansion of the guidewires market.

Key Players

MRFR recognizes the following companies as the key players in the global guidewires market—Olympus Corporation, Braun Melsungen AG, Abbott, Asahi Intecc, Co Ltd, Medtronic, Boston Scientific Corporation, Terumo Corporation, Stryker Corporation, Cook Group, AngioDynamicis Inc, and Cardinal Health

Segment Analysis

The global guidewires market has been segmented into product, coating and raw material.

On the basis of product, the market is segmented into coronary, peripheral, urology, and neurovascular. The coronary segment was attributed to holding the largest market share in 2022.

Based on coating, the global guidewires market has been segmented into coated and non-coated. The coated segment was expected to hold the largest market share in 2022.

Based on raw materials, the global guidewires market has been segmented into nitinol, stainless steel, and others. The stainless steel segment was expected to hold the largest market share in 2022.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Guidewires Market Research Report

Regional Analysis

The global guidewires market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe guidewires market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The guidewires market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World guidewires market comprises of Middle East, Africa, and Latin America.

The largest market share for guidewires was maintained by the North American regional sector. The primary causes of this are the increasing prevalence of cardiovascular diseases and the rise in coronary and peripheral treatments. One of the primary factors driving up regional demand is the rise in popularity of minimally invasive procedures like cardiothoracic and coronary bypass surgery.

Moreover, the Europe market has been persistently growing over the forecast period. European surgeons are well respected throughout the world for their expertise in minimally invasive operations. France has constructed training facilities for these activities. As a safety measure, guidewires are used during minimally invasive coronary procedures. Some of the primary forces driving market expansion in this industry are the usage of technologically advanced utilities for the treatment of specific illnesses as well as favorable government policies.

Additionally, Asia Pacific is anticipated to experience a profitable CAGR over the course of the projection year due to factors like the rising senior population, the prevalence of cardiovascular disease, and the preference for cutting-edge minimally invasive surgery techniques that offer quicker results and higher accuracy.

Furthermore, the rest of the world's guidewires market is divided into the Middle East, Africa, and Latin America. The guidewires market in LATAM and MEA is expected to experience significant growth in the coming years, driven by increasing demand for minimally invasive surgeries and rising healthcare expenditure in these regions.

Key Findings of the Study

• The global guidewires market is expected to reach USD 1.4 Billion by 2032, at a CAGR of 3.80% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market due to increasing prevalence of cardiovascular diseases


• Based on product, the coronary segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Olympus Corporation, Braun Melsungen AG, Abbott, Asahi Intecc, Co Ltd, Medtronic, Boston Scientific Corporation, Terumo Corporation, Stryker Corporation, Cook Group, AngioDynamicis Inc, and Cardinal Health