Peripheral guidewires devices market is predicted to reach USD 2.2 billion at a CAGR of 5.80% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Peripheral guidewires devices market”.

The peripheral guidewires devices market is estimated to register a CAGR of 5.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global peripheral guidewires devicesmarket—Abbott Vascular, Boston Scientific Corporation, CONMED Corporation, Cardinal Health Inc., Stryker Corporation, Medtronic PLC, B. Braun Melsungen AG, Cook Medical LLC, Terumo Corporation, and Asahi Intecc Co. Ltd

Market Highlights

The global peripheral guidewires devices market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach USD 2.2 billion by 2032.

Peripheral guidewire surgeries are becoming more and more necessary as a result of the rising prevalence of vascular problems in the elderly. The need for vascular therapy arises from the higher prevalence of chronic diseases among the elderly population. The adoption rates of guidewire-assisted diagnostic processes are increasing due to a rise in medical professionals' awareness of the benefits of early detection and treatment of vascular disease.

Segment Analysis

The global peripheral guidewires devicesmarkethas been segmented into material and application.

On the basis of Material, the market is segmented into stainless steel, nitinol, and hybrid. The stainless steel segment was attributed to holding the largest market share in 2022.This is because they have antibacterial qualities and are non-magnetic, non-staining, and corrosion-resistant.

Based on application, the global peripheral guidewires devicesmarket has been segmented into diagnostic guidewires, and interventional guidewires. The diagnostic guidewires was expected to hold the largest market share in 2022. This is because they guide medical devices during diagnostic procedures like angiography or vascular imaging.

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Regional Analysis

The global peripheral guidewires devicesmarket, 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 peripheral guidewires devicesmarket comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The peripheral guidewires devicesmarket in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World peripheral guidewires devicesmarket comprises of Middle East, Africa, and Latin America.

The largest market share for peripheral guidewires deviceswas maintained by the North American regional sector, North America's aging population is more likely to suffer from vascular illnesses and other disorders that frequently call for medical interventions. Peripheral guidewire utilization is influenced by the increased need for vascular treatments brought on by the rising prevalence of age-related health conditions.

Moreover, the Europe market has been persistently growing over the forecast period. More and more cardiovascular treatments are being performed with minimally invasive techniques. In order to achieve exact navigation across intricate vascular structures with the least amount of invasiveness, peripheral guidewires are essential to these operations.

Additionally, the Asia Pacific region is seeing a rise in the use of endovascular procedures for thrombectomy, embolization, peripheral artery interventions, and other vascular treatments, which is fueling the need for peripheral guidewires. Innovation in guidewire technologies is driven by fierce competition among producers in the Asia Pacific area.

Furthermore, the rest of the world'speripheral guidewires devicesmarket is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising investments in  research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global peripheral guidewires devices market is expected to reach USD 2.2 billion by 2032, at a CAGR of 5.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rise in the use of endovascular procedures for thrombectomy, embolization, peripheral artery interventions, and other vascular treatments.


• Based on application, the diagnostic guidewires segment was attributed to holding the largest market in 2022.


• Abbott Vascular, Boston Scientific Corporation, CONMED Corporation, Cardinal Health Inc., Stryker Corporation, Medtronic PLC, B. Braun Melsungen AG, Cook Medical LLC, Terumo Corporation, and Asahi Intecc Co. Ltd