San Francisco, 27 March 2024: The Report Urology Guidewires Market Size, Share & Trends Analysis Report By Material (Nitinol Guidewires, Stainless Steel Guidewires), By Tip Shape (Straight Tip, Angled Tip), By End User (Hospitals & Clinics), By Region, And Segment Forecasts, 2022 - 2030

The global urology guidewires market size is anticipated to reach USD 825.72 million by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 6.37% from 2022 to 2030. The increasing preference for minimally invasive surgical procedures owing to advantages such as reduced pain, smaller incisions, and faster recovery time along with technological advancements are the primary driving factors for the growth of the market.

The COVID-19 pandemic has created a significant challenge for the global healthcare industry. Restricted access to medical services has led to inadequate care for patients suffering from other diseases. The pandemic adversely impacted the market. Surgical procedures are frequently postponed or even canceled at this time to prevent the spread of the infection. For instance, according to urology residents published in August 2021, Clinic visits, diagnostic treatments, endoscopic surgeries, along with open and minimally invasive surgeries all decreased by 40-100% in Italy.

Additionally, residents in India reported a 90% drop in surgical volume, and more than 80% of them believed their education had been affected. According to the same source, a survey of urology residents in Latin America and Spain found that 15% had their urological service closed, with all activity devoted to COVID-19 patients. As a result, with the advent of the COVID-19 pandemic in 2020, urological guidewire sales plummeted.

However, the market is expected to rebound and grow over the forecast period, as most countries have started easing lockdown measures and restarted some of the elective procedures. Furthermore, the key factors propelling the market growth include a high incidence of urologic conditions, technological advancements, and a rising geriatric population.

The growth of the market is primarily driven by the increasing prevalence of urological disorders such as Urinary Tract Infections (UTIs), kidney and ureteral stones; the rising preference for minimally invasive surgeries; and the rising geriatric population in the Asia Pacific region, especially in countries such as Japan, India, and China.

The COVID-19 pandemic had a short-term impact on the urology guidewires market and is expected to create potential opportunities for market players during the forecast period. The short-term impact is due to the number factors such as the number of beds available for urological patients had to be reduced to devote beds and personnel to the new COVID-19 wards, there was a need to avoid infecting elective patients through hospital contamination, and the newly constituted COVID-19 ward, 30% of the remaining urology medical personnel became entirely dedicated to managing the infected patients.

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According to the African Journal of Urology in 2021, all types of elective urological procedures have decreased significantly. In particular, ureteroscopic lithotripsy, percutaneous nephrolithotomy, transurethral resection of the prostate, urethroplasty, and renal transplant had the highest cut-down. For instance, according to early urologic recommendations issued in April 2021, from weeks 8–9 to weeks 11–13, the trend for 2020 urologic activity dropped steadily (Average weekly % age changes range -41 % to -29.9 %; p 0.001). Additionally, as per the same source mentioned above, one-third of uro-oncologic procedures may have been postponed. As a result, due to the outbreak of the COVID-19 pandemic in 2020, sales of urological guidewires dropped dramatically.

Urology Guidewires Market Report Highlights

• By material, stainless steel guidewires accounted for the largest market share of 32.36% in 2021. Stainless steel guidewires are inexpensive, do not corrode, and can be disinfected and reused, all of which contribute to this market segment's substantial share
• Based on the tip shape, the straight tip segment dominated the market with around 49.99% of the revenue share in 2021, due to easy accessibility during surgeries along with its more flexibility, greater strength, and pliability as compared to other shapes. Additionally, the growth of the segment is due to constant innovation being employed to boost its success rate
• Based on the end-user, the hospital & clinics segment captured the largest market share with around 60.18% in 2021. The growth of this segment can mainly be attributed to a consequent rise in surgical procedures and an increase in the number of patients suffering from various chronic ailments
• Asia Pacific was the fastest-growing market for urology guidewires with a growth rate of 7.19%. This is due to a large number of surgical procedures and the growing geriatric population are boosting the market growth

Over the past decade, the demand for Minimally Invasive Surgeries (MIS) is increasing. According to The Mount Sinai Hospital in 2021, novel diagnostic techniques and less invasive therapies for prostate, kidney, and bladder malignancies, as well as a wide range of urologic illnesses, are becoming more widely used. Furthermore, between 2022 and 2021, there was a 50% increase in the number of procedures for advanced bladder cancer, a 20% increase in procedure volume for the kidney cancer program, and a 34% increase in volume for the prostate cancer program, all of which are expected to boost the market growth in the near future.

Urology Guidewires Market Report Scope

List of Key Players in the Urology Guidewires Market

• Boston Scientific Corporation
• Integer Holdings Corporation
• Advin Health Care
• Cook Medical
• Olympus America
• Teleflex Incorporated
• MEDpro Medical B.V.
• ACE Medical Devices