Guidewires are widely used in minimally invasive procedures to place stents and balloons inside the body. These devices are used to manage access to a cavity and to enable the advancement of multiple devices. It has become an essential tool in diagnostic and therapeutic endoscopy. Guidewires are advanced under visual control directly through the endoscope, with or without fluoroscopy. For ERCP applications, wires are extended through catheters, which provide access, stiffness, and direction while using fluoroscopy.
A few of the most notable companies occupying a considerable share of the market are Olympus Corporation, STERIS plc. CONMED Corporation, Boston Scientific Corporation, Merit Medical Systems Inc., Medtronic, Cook Medical LLC, Medorah Meditek Pvt. Ltd., and Hobbs Medical Inc
Boston Scientific Corporation and. Medtronic and Company. – Notable Participants in Endoscopy Guidewire Market
Market leaders are involved in partnerships, product launches, acquisitions, and other strategies to improve their performance and consolidate the market position. For instance, in February 2021 STERIS plc acquired Cantel Medical, a global provider of products and services related to infection prevention, endoscopy, dental, dialysis, and life sciences Customers.
Prominent players in the endoscopy guidewire market are focusing on organic strategies such as product launches, product approvals, and geographic and manufacturing expansions. These strategies help them strengthen their market positions, along with allowing them to broaden their geographic footprints. Additionally, various companies are undertaking acquisitions to garner their significance and remain competitive in the market. A few of the vital developments in the endoscopy guidewire market are mentioned below:
|2021||Cook Medical launched its Approach Authority Workhorse Microwire Guide in the United States and Canada markets||America|
|2019||Olympus Corporation., among the technology leader in designing and delivering innovative solutions for medical and surgical procedures, launched its RevoWave Endoscopic Guidewire and the CleverLock Guidewire Locking Device. in the US market.||America|