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GI Endoscopy Guidewire Market Worth Around 480.79 Million USD by 2024 | Moderate CAGR 6.5% In Global Market

Global GI Endoscopy Guidewire Market was valued at USD 309.51 million in 2017 and is expected to account for USD 480.79 million by 2024 while actuating at an estimated moderate CAGR of 6.5% from 2018 to 2024.

The growth can be primarily attributed to the growing research and development activities along with new product launches, various technological advancements, and rising geriatric population across the globe are projected to augment market demand over the forecast period. Also, increasing number of surgeries coupled with growing preference for minimal invasive surgeries is likely to drive the market for GI endoscopy guidewires. The years used for the assessment are as follows;

Historical year:2014, 2015, and 2016

Base year:2017

Forecast period:2018 ndash; 2024

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The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

Obtaining historical data of the market based on news, articles, publications, government websites, annual reports, press releases, white papers, surveys, investor presentation of companies, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year Impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total global GI endoscopy guidewire market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global GI endoscopy guidewire market
Finalizing the overall size and share of the global GI endoscopy guidewire market


To analyze market trends, opportunities, drivers, and restraints associated with the global GI endoscopy guidewire market
To study market response with respect to the mergers and acquisitions in the industry
To profile key companies operating in the GI endoscopy guidewire market and provide their competitive landscape

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The research scope for global GI endoscopy guidewire market is as follows:

By Material

Stainless Steel
By Designs

Monofilament Wires
Coiled Wires
Coated or Sheathed Wires
By Indications

Upper-GI endoscopy
Endoscopic Ultrasound (EUS)
By End-user

Ambulatory Surgical Centers
Diagnostic Centers amp; Surgical Centers
Research Laboratories amp; Academic Institutes
By Geography

North America
Central amp; South America
Middle East and Africa

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The increasing number of surgeries across the globe coupled with growing demand for minimally invasive surgery (MIS) for targeted treatments is expected to propel the demand for guidewires across the globe. A guidewire is necessary in pretty much any minimally invasive application. Endoscopic surgeries are witnessing strong gains as endoscopic imaging has become primary technique for detection and treatment of chronic and acute diseases owing to its unique capability of targeting hard-to-reach areas.

North America held the major share of the global market owing to technological innovations that have led to product enhancements such as tip design, retention and flexibility, resulting in the constant development of technically advanced products. Moreover, the presence of well-defined regulatory framework, better healthcare infrastructure, and experienced healthcare professionals to perform the procedures are some of the key factors leading to growth of the market.Asia-Pacific GI endoscopy guidewire market is expected to register the fastest growth rate during the forecast period. Presence of rapidly developing economies such as China and India is creating growth opportunities in the region.In addition, increasing incidence of GI disorder and growing demand for minimally invasive therapy is expanding, along with the rapid economic growth in emerging market, particularly China and India.

Some of the key companies operating in the market include US Endoscopy, Inc., CONMED Corporation, COOK MEDICAL Inc., HOBBS MEDICAL INC., Boston Scientific Corporation, Olympus Corporation, Medicorsquo;s-Hirata Inc., Hunan Reborn Medical Science and Technology Development Co., Ltd., PLS Minimally Invasive Interventional Medical Co., LTD, MERIT MEDICAL SYSTEMS, INC., Zhejiang Chuangxiang Medical Technology Co., Ltd., Sumitomo Bakelite Co., Ltd., Omnimed Ltd., Diagmed Healthcare, Explore Synergy Inc., Taewoong Medical Co., Ltd., SCITEC, and SSEM Mthembu Medical (Pty) Ltd., among others.

Major Points From Table Of Contents

Global GI Endoscopy Guidewire Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation amp; Forecast 2024

CHAPTER 1. Market Scope and Methodology

CHAPTER 2. Executive Summary

CHAPTER 3. Industry Analysis

CHAPTER 4. Competitive Outlook

CHAPTER 5. Global GI Endoscopy Guidewire Market Size and Forecast (2014 ndash; 2024)

CHAPTER 6. Global GI Endoscopy Guidewire Market, By Geography

CHAPTER 7. Key Players and Strategic Developments

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Last Updated: 15-Apr-2019