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Global Urology Guidewires Market to reach USD 730 million by 2028.

Global Urology Guidewires Market Size study, by Material (Nitinol Guidewires, Stainless Steel Guidewires), By Tip Shape (Straight Tip, Angled Tip), By End User (Hospitals & Clinics) and Regional Forecasts 2022-2028

Product Code: HLSMDE-99579021
Publish Date: 23-05-2022
Page: 200

Global Urology Guidewires Market is valued approximately USD 474 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2028. The Urology Guidewires Market is likely to be driven by the rising prevalence of kidney stone disease, cystitis, benign prostatic hyperplasia, and other urinary tract illnesses. According to the Journal of Taibah University Medical Sciences in 2021, kidney stones are one of the most painful urological disorders,. It has recently become quite widespread throughout the world (7–13% in North America, 5–9% in Europe, and 1–5% in Asia). Kidney stones also increase the risk of chronic kidney disease by 60% and end-stage renal disease by 40%, which is expected to fuel market growth in the next years.The demand for minimally invasive surgery (MIS) has risen steadily during the last decade. Novel diagnostic techniques and less invasive therapies for prostate, kidney, and bladder cancers, as well as a wide spectrum of urologic disorders, have become more extensively employed in 2021, according to The Mount Sinai Hospital. Furthermore, between 2019 and 2021, the number of procedures for advanced bladder cancer increased by 50%, the volume of procedures for kidney cancer increased by 20%, and the volume of procedures for prostate cancer increased by 34%, all of which are expected to drive market growth in the near future.Among the key factors contributing to market growth are technological advancements and product launches aimed at streamlining procedures and making them safer and more cost-effective. For example, the FDA approved an expanded indication for Teleflex Incorporated’s coronary guidewires and specialty catheters for use in crossing percutaneous coronary interventions, chronic total occlusion (PCI, CTO) in February 2022, which is expected to boost market growth in the near future.

The key regions considered for the global Urology Guidewires Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominat the market. The need for guidewires for endourological treatments is being driven by the increased incidence of Chronic Kidney Diseases (CKD) and the ageing population in industrialised economies. Whereas, From 2022 to 2028, Asia Pacific is predicted to have the highest CAGR. This is due to the presence of a large population suffering from kidney and cardiovascular disorders, as well as improvements in medical facilities and insurance policies.

Major market player included in this report are:
Boston Scientific Corporation
Integer Holdings Corporation
Advin Health Care
Cook Medical
Olympus America
Teleflex Incorporated
MEDpro Medical B.V.
ACE Medical Devices
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Nitinol Guidewires
Stainless Steel Guidewires
PTEE Guidewires

By Tip Shape:
Straight Tip
Angled Tip
J-Shaped Tip
By End-user:
Hospitals & Clinics
Urology Surgery Centers
Ambulatory Surgery Centers
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Urology Guidewires Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Urology Guidewires Market, by Region, 2020-2028 (USD Million)
1.2.2. Urology Guidewires Market, by Material ,2020-2028 (USD Million)
1.2.3. Urology Guidewires Market, by Tip Shape ,2020-2028 (USD Million)
1.2.4. Urology Guidewires Market, by End-use,2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Urology Guidewires Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Urology Guidewires Market Dynamics
3.1. Urology Guidewires Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing adoption of minimally invasive surgeries over open surgeries Rise in geriatric population
3.1.2. Market Challenges High cost of devices
3.1.3. Market Opportunities Growing prevalence of urological disorders
Chapter 4. Global Urology Guidewires Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Urology Guidewires Market, by Material
6.1. Market Snapshot
6.2. Global Urology Guidewires Market by Material , Performance – Potential Analysis
6.3. Global Urology Guidewires Market Estimates & Forecasts by Material 2018-2028 (USD Million)
6.4. Urology Guidewires Market, Sub Segment Analysis
6.4.1. Nitinol Guidewires
6.4.2. Stainless Steel Guidewires
6.4.3. PTEE Guidewires
6.4.4. Others
Chapter 7. Global Urology Guidewires Market, by Tip Shape
7.1. Market Snapshot
7.2. Global Urology Guidewires Market by Tip Shape , Performance – Potential Analysis
7.3. Global Urology Guidewires Market Estimates & Forecasts by Tip Shape 2018-2028 (USD Million)
7.4. Urology Guidewires Market, Sub Segment Analysis
7.4.1. Straight Tip
7.4.2. Angled Tip
7.4.3. J-Shaped Tip
7.4.4. Others
Chapter 8. Global Urology Guidewires Market, by End-use
8.1. Market Snapshot
8.2. Global Urology Guidewires Market by End-use, Performance – Potential Analysis
8.3. Global Urology Guidewires Market Estimates & Forecasts by End-use2018-2028 (USD Million)
8.4. Urology Guidewires Market, Sub Segment Analysis
8.4.1. Hospitals & Clinics
8.4.2. Urology Surgery Centers
8.4.3. Ambulatory Surgery Centers
Chapter 9. Global Urology Guidewires Market, Regional Analysis
9.1. Urology Guidewires Market, Regional Market Snapshot
9.2. North America Urology Guidewires Market
9.2.1. U.S.Urology Guidewires Market Material breakdown estimates & forecasts, 2018-2028 Tip Shape breakdown estimates & forecasts, 2018-2028 End-use breakdown estimates & forecasts, 2018-2028
9.2.2. CanadaUrologyGuidewires Market
9.3. Europe Urology Guidewires Market Snapshot
9.3.1. U.K. Urology Guidewires Market
9.3.2. Germany Urology Guidewires Market
9.3.3. France Urology Guidewires Market
9.3.4. Spain Urology Guidewires Market
9.3.5. Italy Urology Guidewires Market
9.3.6. Rest of EuropeUrologyGuidewires Market
9.4. Asia-PacificUrologyGuidewires Market Snapshot
9.4.1. China Urology Guidewires Market
9.4.2. India Urology Guidewires Market
9.4.3. JapanUrologyGuidewires Market
9.4.4. Australia Urology Guidewires Market
9.4.5. South Korea Urology Guidewires Market
9.4.6. Rest of Asia PacificUrologyGuidewires Market
9.5. Latin America Urology Guidewires Market Snapshot
9.5.1. Brazil Urology Guidewires Market
9.5.2. Mexico Urology Guidewires Market
9.6. Rest of The World Urology Guidewires Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Boston Scientific Corporation Key Information Overview Financial (Subject to Data Availability) Tip Shape Summary Recent Developments
10.2.2. Integer Holdings Corporation
10.2.3. Advin Health Care
10.2.4. Cook Medical
10.2.5. Olympus America
10.2.6. Teleflex Incorporated
10.2.7. MEDpro Medical B.V.
10.2.8. ACE Medical Devices
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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