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Pulished Date March, 2021
ID: 11362
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APAC Guidewires Market Analysis Report - Segmented By product, material, coating, end-user, and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Forecast (2021 to 2026)

Pulished: March, 2021
ID: 11362
Pages: 100

APAC Guidewires Market Size (2021 to 2026)

The size of the Asia-pacific guidewires market was worth USD 241 million in 2020. It is further predicted to grow at a CAGR of 7.45% between 2021 to 2026, as per our research report.

The market growth is primarily driven by the factors such as the proliferation of chronic diseases in developing countries such as India and China. Rise in the geriatric population across the APAC region.  Urological disease prevalence influences the guidewire market growth. Moreover, the Y-O-Y rise in cardiovascular diseases leads to the rise in the demand for guidewires. Minimally invasive procedures offer remarkable benefits over clinical advantages over conventional open approaches that will increase guidewires' market growth in the ASIA Pacific region. It is estimated that the patient preference towards the minimally invasive procedures is projected to propel the market growth during the forecast period. Several companies offer rapid tip shapes and wire configuration enabling healthcare professionals to opt for the right product as per the application. Besides, lifestyle habits such as smoking, obesity, and dietary regularities are more prone to cardiovascular diseases, which increases the market growth of guidewires. Awareness and government investments further encourage market growth.

However, these surgical guidewires' high cost is considered one of the challenging factors for market growth. Also, growing cuts with exercise tax are estimated to impede the market growth of the guidewires market—moreover, a dearth of skilled professionals for performing cardiovascular procedures remain as the growth decline factor. Also, the issues related to the lost retrieval and associated risks with the use of guidewires are hinder the market growth. The lost guidewires need to retrieve immediately and, if left untreated, lead to severe cardiovascular complications and be fatal.

Impact of COVID-19 on the APAC Guidewires market:

The guidewire market supply chain had been disrupted due to a nationwide lockdown and a ban on transportation. Limited manufacturing of guidewires was performed due to limited available resources and workforce. Cardiovascular procedures were postponed as there was no demand for the guidewires during the COVID-19 pandemic period as the world’s focus was to combat SARS-COV-2. Manufacturing of guidewires has been resumed after the uplift of lockdown. The demand for guidewires has increased due to the prevalence of chronic and cardiovascular diseases in the recent past and estimated that it would register strong growth during the forecast period.

This research report on the Asia-Pacific guidewires market has been segmented and sub-segmented into the following categories.

By Product:

  • Coronary Guidewire
  • Peripheral Guidewire
  • Urology Guidewire
  • Neurovascular Guidewire
  • Others

By Material:

  • Nitinol
  • Stainless steel
  • Others

By Coating:

  • Coated
  • Non-Coated

By End-User

  • Hospitals and Clinics
  • Diagnostic Centres

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the Asia Pacific region accelerated the guidewires market during the previous years. Active participation of market players, new players' entrance, and implementation of strategic marketing policies are boosting the guidewires market in APAC. The major contributors are in this region are China, India, Japan, and Australia.

The Chinese market is expected to record exponential growth during the forecast period due to the increasing healthcare expenditure, and improving healthcare infrastructure is primarily likely to encourage the market of Guidewires in China.

The Indian market has been one of the significant contributors to the APAC region's guidewires market growth. India is projected to increase its market growth with influential growth factors such as public awareness about the minimally invasive procedures and investments by the government and public investments.

The Japanese market is anticipated to witness significant guidewires market growth over the forecast period. Japan is expected to provide opportunities for the market players in this region. The proliferation of cardiovascular and chronic diseases is projected to gain market growth.

Australia to contribute the majority of its share to the APAC region. The growing adoption of technologies in interventional procedures is anticipated to propel market growth. Moreover, higher utilization of vascular guidewires in coronary procedures and reduction in the mortality risk is expected to grow the guidewires' market during the forecast period and continue its growth by the coming years.

Companies such as Medtronic, Boston Scientific, CR Bard, Abbott Laboratories, Terumo Corporation, B. Braun, Johnson & Johnson, Stryker Corporation, Olympus Corporation, Angiodynamics, Cardinal Health, Merit Medical Systems, Teleflex, Cook Group & Asahi Intecc are some of the promising companies in the APAC guidewires market.

  1. INTRODUCTION
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. RESEARCH METHODOLOGY
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities       
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking                    
      1. Market share analysis      
      2. Products/Service
      3. Regional Presence               
    2. Mergers & Acquisition Landscape                     
    3. Joint Ventures & Collaborations
  6. MARKET SEGMENTATION
    1. By Product
      1. Coronary Guidewire
      2. Peripheral Guidewire
      3. Urology Guidewire
      4. Neurovascular Guidewire
      5. Others
      6. Y-o-Y Growth Analysis, By Product
      7. Market Attractiveness Analysis, By Product
      8. Market Share Analysis, By Product
    2. By Material
      1. Nitinol
      2. Stainless steel
      3. Others
      4. Y-o-Y Growth Analysis, By Material
      5. Market Attractiveness Analysis, By Material
      6. Market Share Analysis, By Material
    3. By Coating
      1. Coated
      2. Non-Coated
      3. Y-o-Y Growth Analysis, By Coating
      4. Market Attractiveness Analysis, By Coating
      5. Market Share Analysis, By Coating
    4. By End-users
      1. Hospitals and Clinics
      2. Diagnostic Centres
      3. Y-o-Y Growth Analysis, By End-User
      4. Market Attractiveness Analysis, By End-User
      5. Market Share Analysis, By End-User
  7. GEOGRAPHICAL ANALYSIS
    1. Introduction
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis
      4. Market Attractiveness Analysis
      5. Market Share Analysis
    2. Asia-Pacific
      1. Introduction
      2. China
      3. India
      4. Japan
      5. South Korea
      6. Australia and NZ
      7. Rest of APAC
  8. STRATEGIC ANALYSIS
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  9. MARKET LEADERS' ANALYSIS
    1. Medtronic
      1. Overview
      2. Products
      3. Financials (subjected to availability based on company type)
      4. Recent Developments
      5. SWOT analysis
      6. Analyst View
    2. Boston Scientific
    3. CR Bard
    4. Abbott Laboratories
    5. Terumo Corporation
    6. B. Braun
    7. Johnson & Johnson
    8. Stryker Corporation
    9. Olympus Corporation
    10. Angiodynamics
    11. Cardinal Health
    12. Merit Medical Systems
    13. Teleflex
    14. Cook Group
    15. Asahi Intecc
  10. COMPETITIVE LANDSCAPE
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  11. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
  12. APPENDIX
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • The segment-level analysis in terms of product, material, coated, and end-user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  2. Asia Pacific Coronary Guidewire Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia Pacific Peripheral Guidewire Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia Pacific Urology Guidewire Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia Pacific Neurovascular Guidewire Market, By Region, From 2021 to 2026 (USD Billion)
  6. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia Pacific Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  8. Asia Pacific Nitinol Market, By Region, From 2021 to 2026 (USD Billion)
  9. Asia Pacific Stainless steel Market, By Region, From 2021 to 2026 (USD Billion)
  10. Asia Pacific Others Market, By Region, From 2021 to 2026 (USD Billion)
  11. Asia Pacific Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  12. Asia Pacific Coated Market, By Region, From 2021 to 2026 (USD Billion)
  13. Asia Pacific Non-Coated Market, By Region, From 2021 to 2026 (USD Billion)
  14. Asia Pacific Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)
  15. Asia Pacific Hospitals and Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  16. Asia Pacific Diagnostic Centres Market, By Region, From 2021 to 2026 (USD Billion)
  17. Japan Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  18. Japan Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  19. Japan Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  20. Japan Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)
  21. China Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  22. China Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  23. China Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  24. China Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)
  25. India Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  26. India Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  27. India Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  28. India Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)
  29. Australia Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  30. Australia Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  31. Australia Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  32. Australia Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)
  33. South Korea Guidewires Market, By Product, From 2021 to 2026 (USD Billion)
  34. South Korea Guidewires Market, By Material, From 2021 to 2026 (USD Billion)
  35. South Korea Guidewires Market, By Coating, From 2021 to 2026 (USD Billion)
  36. South Korea Guidewires Market, By End-User, From 2021 to 2026 (USD Billion)

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