Endoscopy Guidewire Market is expected to reach US$ 1,749.60 million by 2028

Type Segment to Contribute Larger Share to Endoscopy Guidewire Market during 2021–2028

According to the latest study on “Endoscopy Guidewire Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Core Material and Application,” the market was valued at US$ 1,192.04 million in 2021 and is projected to reach US$ 1,749.60 million by 2028; it is expected to grow at a CAGR of 5.6% during 2021–2028. The report highlights the trends prevailing in the market, and drivers and deterrents pertaining to the market growth.

Based on type, the endoscopy guidewire market is segmented into monofilament, coiled, and coated. In 2021, the coated segment accounted for the largest share of the market. The market growth for this segment is attributed to the coated guidewires are preferred for ERCP applications.

The factors such as the rising prevalence of diseases requiring endoscopy and favorable government initiatives drive the growth of the endoscopy guidewire market. However, manufacturing challenges restrain the market growth. On the other side, the formation of regulatory guidelines would offer lucrative opportunities for the growth of the market during the forecast period.

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 are among the prominent players operating in the endoscopy guidewire market. These companies are adopting partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in June 2021, STERIS plc acquired Cantel Medical, a global provider of products and services related to infection prevention, endoscopy, dental, dialysis, and life sciences Customers.

Endoscopy Guidewire Market, by Region, 2021 (%)

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Endoscopy Guidewire Market to Grow at a CAGR of 5.6% to reach US$ 1,749.60 million from 2021 to 2028

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Endoscopy Guidewire Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Monofilament, Coiled, Coated); Core Material (Stainless Steel, Nitinol); Application (Diagnostics, Therapeutic), and Geography

The report segments the global endoscopy guidewire market as follows:

By Type

• Monofilament
• Coiled
• Coated

By Core Material

• Stainless Steel
•  Nitinol

By Application

• Diagnostics
• Therapeutic

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa
• South and Central America
  • Brazil
  • Argentina