Coated Segment to Dominate North America Endoscopy Guidewire Market during 2020–2028

According to a new market research study on “North America Endoscopy Guidewire Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Core Material and Application Area,” is expected to reach US$ 630.21 million by 2028 from US$ 422.94 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. The report provides trends prevailing in the North America endoscopy guidewire market along with the drivers and restraints pertaining to the market growth. Rising prevalence of diseases requiring endoscopy is the major factor driving the growth of the North America endoscopy guidewire market. However, risk of infections caused due to endoscopy and high cost of endoscopy procedures & equipment hinder the growth of North America endoscopy guidewire market.

In the US, due to an increasing number of infected patients, healthcare professionals and leading organizations are distracting the flow of healthcare resources from research & development to primary care, which is slowing down the process of innovation. Gastrointestinal (GI) endoscopy centers are specialized units where thousands of endoscopies are performed annually. A significant proportion of these procedures are affected due to the national and regional lockdowns across the globe. To adapt to this rapidly evolving situation, endoscopy centers have undergone significant changes and have taken unprecedented precautions to avoid the transmission of the virus. However, endoscopy centers are going through financial strain due to a reduction in the number of procedures from lockdowns and fear of virus transmission. Theoretically, endoscopies could add to the disease transmission as SARS-CoV-2 has shown to be present in the GI secretions. Multiple precautions such as mandatory use of face masks, safe distancing, use of barriers between the endoscopists and patients, negative pressure rooms, extended use of personal protective equipment, and volume reduction have been taken to decrease the risk of disease transmission by these centers. Moreover, pre-endoscopy COVID-19 testing has now become the norm.

The market for endoscopy guidewire market is segmented into type, core material, application, and country. Based on type, the market is segmented into monofilament, coiled, coated. In 2020, the coated segment held the largest share North America endoscopy guidewire market. Based on core material, the market is divided into stainless steel and nitinol. In 2020, the stainless steel segment held the largest share North America endoscopy guidewire market. Based on application, the market is segmented into diagnostics and therapeutic. In 2020, the therapeutic segment held the largest share North America endoscopy guidewire market. Similarly, based on country, the market is bifurcated into US, Canada, and Mexico. US contributed a substantial share in 2020. 

Boston Scientific Corporation; CONMED Corporation; Cook Medical LLC; HOBBS MEDICAL INC; Medtronic; Merit Medical Systems Inc; Olympus Corporation; STERIS plc.; are among the leading companies in the North America endoscopy guidewire market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cook Medical launched its Approach Authority Workhorse Microwire Guide in the United States and Canada markets.


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