The global urology guidewire market was valued at USD 504.0 million in 2021 and is expected to reach USD 825.72 million by 2030, growing at a compound annual growth rate (CAGR) of 6.37% from 2022 to 2030.
Rising incidence of urological diseases such as urinary tract infections, kidney stones and ureteral stones; rising demand for minimally invasive procedures; growing elderly population in Asia Pacific, especially in countries such as Japan, India and China, is driving market expansion.
The demand for minimally invasive surgery (MIS) has increased over the past decade.According to Mount Sinai Hospital, by 2021, new diagnostic techniques and less invasive treatments for prostate, kidney and bladder cancer, as well as a wide range of urinary disorders, will become more common.
Results from the manufacturer’s study (Ethicon Endo-Surgery, Inc.) show that minimally invasive surgery is rapidly replacing invasive procedures due to fewer incisional wounds, higher patient satisfaction, and fewer hospital stays, thus making it more economically viable , and involved fewer postoperative complications and lower mortality.As guidewires are used for minimally invasive treatments, the market is likely to grow over the forecast period as the demand for these procedures increases.
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Get market information, tables and figures to gain insight into the TOC of Urology Guide Wire Market, by Material (Nitinol, Stainless Steel, Hybrid), Tip Shape (Straight Tip, Inclined Tip), By Application (Coronary Guide Wire, Peripheral Guide Wires) Wire), Other) Analysis By End User (Hospitals, Ambulatory Surgery Centers, Research Laboratories), By Diameter, By Length, and By Region, 2022-2030
The global urology guidewire market is segmented on the basis of material.Tip shape, application, end user, diameter and length, and area.
Nitinol-based guidewires dominate the market due to improved procedure results with Nitinol compared to guidewires composed of other materials.Nitinol-based guidewires have many advantages, including corrosion resistance, enhanced durability, and increased flexibility.The increasing use of nitinol guidewires in medical procedures can also be attributed to the growth of this segment.
Stainless steel is a popular raw material due to its strong corrosion resistance and antibacterial properties, non-magnetic and non-dyeing properties.The wire core is made of stainless steel and runs through the shaft and throughout the wire, which is expected to boost the industry growth.
The straight tip category leads the market, accounting for approximately 43% of total revenue.Healthcare professionals prefer straight needles for urological procedures because, unlike other needles, they have a flexible needle.With a straight tip, the risk of vascular trauma is very low.The proximal flexible tip of the guidewire has a curved tip at the distal end, which allows greater flexibility and protects the vessel during insertion.As a result, sales of these guidewires in the market are likely to rise.
In 2021, the J-shaped tip segment has the second largest market share.Compared to other tips, J-tips provide better flexibility and protection of the vessel during insertion.In addition, despite the very small flexion angle, the J-guide passes through without hitting anything, allowing insertion along the main pancreatic duct without accidental insertion of any branches.
The coronary guidewire market is expected to grow at a significant CAGR from 2022 to 2030.The demand for percutaneous coronary intervention is expected to increase as the number of patients with chronic diseases increases.According to the American Heart Association (AHA) data on heart attacks and strokes in 2020, more than 90 million people have coronary heart disease in the United States alone.As the number of patients with coronary artery disease continues to increase, the need for percutaneous coronary intervention will increase.As a result, the adoption rate of guidewires in percutaneous coronary interventions will increase.
In 2021, the hospital and clinic category will lead the market.The rise of this field is mainly due to the increase in the number of patients with various urological diseases, which are aided by surgical treatment.Because of the ease of handling any crisis that may arise during a surgical procedure, and the variety of treatment options available, hospitals receive far more patients for urological procedures or other treatments than other medical facilities.Hence, the above variables are expected to drive the growth of the hospital sector.
In 2021, the 0.035 inch guidewire category generated a market revenue of $447.5 million.The 0.035″ wire has a variety of uses, including improved torque, orbital support, and the ability to straighten twisted blood vessels during visceral surgery.Additionally, these guidewires provide an optimal balance of endurance, device support, and ability to reach the target lesion.
The 300 cm long guide wire is flexible, provides the required stability and resists externalization.The wire also creates a wire loop by supporting and maintaining percutaneous coronary intervention (PCI) related devices and provides additional support for chronic total occlusion (CTO).Hence, the benefits associated with 300 cm guide wires are expected to boost market growth throughout the forecast period.In addition, the growing demand for minimally invasive surgery among the elderly will drive up the product demand.
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On the basis of geography, the global urology guidewire market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market is dominated by North America and this trend is expected to continue for the foreseeable future.Increasing incidence of chronic kidney disease (CKD) and aging populations in industrialized economies are driving the demand for guidewires for urological treatment.This is expected to boost growth for the foreseeable future.The technological development of minimally invasive surgery is mainly responsible for the market growth in developed regions.Overall demand growth for these devices is expected to be dampened by rising price pressure and reduced reimbursement, especially in developed countries such as Europe and North America.
As the demand for urological guidewires increases, global manufacturers are accelerating and improving their production processes with cost-effective solutions.For example, Integer Holdings Corporation announced plans to expand its presence in Galway, Ireland by developing a new manufacturing facility and medical device invention in the Parkmore East district in September 2021.This cutting-edge facility is necessary to meet the increasing demands of regional development, manufacturing capabilities, research and delivery system capabilities, all of which are expected to drive market expansion.
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