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

Industry : Healthcare Date : March 29th, 2019
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The demand for 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 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 – 2024

RESEARCH METHODOLOGY

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

OBJECTIVES:

  • 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

MARKET SCOPE

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

By Material

  • Stainless Steel
  • Nitinol
  • Hybrid

By Designs

  • Monofilament Wires
  • Coiled Wires
  • Coated or Sheathed Wires

By Indications

  • ERCP
  • Upper-GI endoscopy
  • Endoscopic Ultrasound (EUS)
  • Colonoscopy

By End-user

  • Ambulatory Surgical Centers
  • Hospitals
  • Diagnostic Centers & Surgical Centers
  • ResearchLaboratories & Academic Institutes

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America
  • Middle East and Africa

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, Medico’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.GI Endoscopy Guidewire Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Global GI Endoscopy Guidewire- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global GI endoscopy guidewire market

3.4. Market opportunities & trends

3.4.1. Lucrative opportunities in the emerging economies

3.5. Market driver analysis

3.5.1. Growing research and development activities and new product launches

3.5.2. Rising geriatric population across the globe

3.5.3. Increasing number of surgeries coupled with growing preference for minimal invasive surgeries

3.6. Market restraint analysis

3.6.1. Limited number of trained professionals

3.7. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Company share analysis

4.2. Competitive factors

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

5.1. Global GI Endoscopy Guidewire Market, By Material (USD Million)

5.1.1. Stainless Steel

5.1.2. Nitinol

5.1.3. Hybrid

5.2. Global GI Endoscopy Guidewire Market, By Designs (USD Million)

5.2.1. Monofilament Wires

5.2.2. Coiled Wires

5.2.3. Coated or Sheathed Wires

5.3. Global GI Endoscopy Guidewire Market, By Indications (USD Million)

5.3.1. ERCP

5.3.2. Upper-GI endoscopy

5.3.3. Endoscopic Ultrasound (EUS)

5.3.4. Colonoscopy

5.4. Global GI Endoscopy Guidewire Market, By End-user (USD Million)

5.4.1. Ambulatory Surgical Centers

5.4.2. Hospitals

5.4.3. Diagnostic Centers & Surgical Centers

5.4.4. Research Laboratories & Academic Institutes

CHAPTER 6. Global GI Endoscopy Guidewire Market, By Geography

6.1. North America GI Endoscopy Guidewire Market

6.1.1. North America GI Endoscopy Guidewire Market, By Material (USD Million)

6.1.2. North America GI Endoscopy Guidewire Market, By Designs (USD Million)

6.1.3. North America GI Endoscopy Guidewire Market, By Indications (USD Million)

6.1.4. North America GI Endoscopy Guidewire Market, By End-user (USD Million)

6.1.5. North America GI Endoscopy Guidewire Market, By Country

   6.1.5.1. U.S.

   6.1.5.2. Canada

   6.1.5.3. Mexico

6.2. Europe GI Endoscopy Guidewire Market

6.2.1. Europe GI Endoscopy Guidewire Market, By Material (USD Million)

6.2.2. Europe GI Endoscopy Guidewire Market, By Designs (USD Million)

6.2.3. Europe GI Endoscopy Guidewire Market, By Indications (USD Million)

6.2.4. Europe GI Endoscopy Guidewire Market, By End-user (USD Million)

6.2.5. Europe GI Endoscopy Guidewire Market, By Country

   6.2.5.1. Germany

   6.2.5.2. France

   6.2.5.3. Russia

   6.2.5.4. Spain

   6.2.5.5. Italy

   6.2.5.6. U.K

   6.2.5.7. Rest of Europe

6.3. Asia-Pacific GI Endoscopy Guidewire Market

6.3.1. Asia-Pacific GI Endoscopy Guidewire Market, By Material (USD Million)

6.3.2. Asia-Pacific GI Endoscopy Guidewire Market, By Designs (USD Million)

6.3.3. Asia-Pacific GI Endoscopy Guidewire Market, By Indications (USD Million)

6.3.4. Asia-Pacific GI Endoscopy Guidewire Market, By End-user (USD Million)

6.3.5. Asia-Pacific GI Endoscopy Guidewire Market, By Country

   6.3.5.1. China

   6.3.5.2. Japan

   6.3.5.3. Australia

   6.3.5.4. India

   6.3.5.5. Rest of Asia-Pacific

6.4. Central & South America GI Endoscopy Guidewire Market

6.4.1. Central & South America GI Endoscopy Guidewire Market, By Material (USD Million)

6.4.2. Central & South America GI Endoscopy Guidewire Market, By Designs (USD Million)

6.4.3. Central & South America GI Endoscopy Guidewire Market, By Indications (USD Million)

6.4.4. Central & South America GI Endoscopy Guidewire Market, By End-user (USD Million)

6.4.5. Central & South America GI Endoscopy Guidewire Market, By Country

   6.4.5.1. Brazil

   6.4.5.2. Rest of Central & South America

6.5. Middle East and Africa GI Endoscopy Guidewire Market

6.5.1. Middle East and Africa GI Endoscopy Guidewire Market, By Material (USD Million)

6.5.2. Middle East and Africa GI Endoscopy Guidewire Market, By Designs (USD Million)

6.5.3. Middle East and Africa GI Endoscopy Guidewire Market, By Indications (USD Million)

6.5.4. Middle East and Africa GI Endoscopy Guidewire Market, By End-user (USD Million)

6.5.5. Middle East and Africa GI Endoscopy Guidewire Market, By Country

   6.5.5.1. Saudi Arabia

   6.5.5.2. South Africa

   6.5.5.3. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. US Endoscopy, Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. CONMED Corporation

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. COOK MEDICAL Inc.

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. HOBBS MEDICAL INC.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Boston Scientific Corporation

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Olympus Corporation

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Medico’s-Hirata Inc.

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Hunan Reborn Medical Science and Technology Development Co., Ltd.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. PLS Minimally Invasive Interventional Medical Co., LTD

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. MERIT MEDICAL SYSTEMS, INC.

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Zhejiang Chuangxiang Medical Technology Co., Ltd.

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Sumitomo Bakelite Co., Ltd.

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

7.13. Omnimed Ltd.

7.13.1. Business Overview

7.13.2. Product and Service Offering

7.13.3. Financial Overview

7.13.4. Strategic Developments

7.14. Diagmed Healthcare

7.14.1. Business Overview

7.14.2. Product and Service Offering

7.14.3. Financial Overview

7.14.4. Strategic Developments

7.15. Explore Synergy Inc.

7.15.1. Business Overview

7.15.2. Product and Service Offering

7.15.3. Financial Overview

7.15.4. Strategic Developments

7.16. Taewoong Medical Co., Ltd.

7.16.1. Business Overview

7.16.2. Product and Service Offering

7.16.3. Financial Overview

7.16.4. Strategic Developments

7.17. SCITEC

7.17.1. Business Overview

7.17.2. Product and Service Offering

7.17.3. Financial Overview

7.17.4. Strategic Developments

7.18. SSEM Mthembu Medical (Pty) Ltd.

7.18.1. Business Overview

7.18.2. Product and Service Offering

7.18.3. Financial Overview

7.18.4. Strategic Developments

7.19. Abbreviation

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