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Europe Guidewires Market Boosting the Strong Growth Worldwide to 2026

Author : Ronak Bora | Published Date : 2021-01-04 

A crucial tool utilized by interventionalists in the catheter laboratory, Europe Guidewires Market are designed in order to facilitate easy navigation to reach a vessel or lesion area. As surgeons from over the world promote the benefits of minimally invasive surgeries, the demand for guidewires in Europe will rise significantly, augmenting the growth of the Market.

The Europe Guidewires Market is expected to surpass 355 million by 2026. It held a valuation of approximately 254 million in 2019 and is anticipated to rise at a considerably consistent pace with a CAGR of 4.8% between 2020 and 2026, primarily driven by the alarming increase in chronic disorders and technological advancements in medicine.  

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The following four major trends are marking the advancement of the market for guidewires in Europe:

Advanced healthcare infrastructure will ensure growth of Germany industry

Germany guidewire market is projected to rise at a 4.5% CAGR throughout the forthcoming times, triggered by the increasing acclaim for minimally invasive surgeries across the nation. Moreover, multiple prominent market competitors manufacturing surgical instruments including EUROFLEX GmbH and Medi-Globe GmbH are based in Germany. The highly advanced healthcare infrastructure in the region has also been fostering the growth of Germany guidewire market.

Extra convenience and accessibility to ensure dominance of ambulatory surgical centers

The ambulatory surgical centers materialized as the leading end-user segment in 2019, seizing more than 30% share of the total market revenue in 2019. Since ambulatory surgical centers offer treatments that are not only high-quality but also cost-effective, a vast portion of the majority are more inclined toward them. Additionally, patients are not required to stay overnight after the procedure, unlike hospitals. The benefit of accessibility and convenience offered by ambulatory surgical centers has also been aiding the growth of this segment.

Neurovascular guidewires to exhibit a CAGR of 5.3%, thanks to higher efficiency

Neurovascular guidewires segment is likely to rise to prominence over the forthcoming times, growing at a 5.3% CAGR. Used alongside microcatheters in the complex procedure of placing coils or stents in intracranial pathology, these medical procedures involve a high degree of intricacy and precision. Therefore, it is mandatory that they comply to high quality standards, particularly because they are often prone to multiple strong lateral and axial stresses which can lead to bending. Neurovascular guidewires are highly efficient due to their enhanced functionality and strength, which is the reason for their popularity.

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Nitinol guidewires to lead due to extensive use in urology

By material, the Europe Guidewires Market has been segmented into nitinol, hybrid, and steel, among others. In 2019, the nitinol segment claimed the highest portion of the total revenue, contributing nearly $83.5 million. It is expected that the nitinol segment will keep progressing through 2026, owing to its high durability and flexibility which is required in surgical procedures including anatomy. Nitinol guidewires are deployed in the sounding of hollow, tubular organs as well as coaxial insertion of medical devices in urology. Furthermore, several market players have launched a wide range of nitinol guidewires that include flexible as well as stiff shafts, in multiple lengths and sizes, according to the needs of the particular intervention procedure.

Table of Contents (ToC) of the report:

Chapter 1   Europe Guidewires Market Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Europe Guidewires Market Summary

2.1    Europe guidewire industry summary, 2015 – 2026

2.1.1    Country trends

2.1.2    Material trends

2.1.3    Coating trends

2.1.4    Application trends

2.1.5    Diameter trends

2.1.6    Length trends

2.1.7    End-use trends

Chapter 3   Europe Guidewires Market Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Major factor analysis

3.3.1    Drivers

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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