Global Guidewires Market was valued at US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at a CAGR of XX% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short term and long term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region wise.
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Global Guidewires Market Dynamics:
Guidewires are elastic thin tubes used for guiding the appointment of the catheter in the diseased organ. They are also used for interventional therapy by opening up the target vessels to improve device delivery restrict vascular injuries.
Growing incidences of lifestyle disorders, reduction in time cost of surgery are major driving factor of the market. Rising influence about minimally invasive surgical procedures such as short recovery time decrease in blood loss, and to prevent post-operative trauma complications are also driving demand for guidewires market during the forecast period. However, the High cost of surgical guidewires, lack of expert surgeons to conduct minimally invasive surgeries, and expense cuts excise duties are limiting the market growth.
The growing medical service sector in emerging economies, government initiatives to control the burden of hospital-acquired toxicities in developed countries, and increasing healthcare expenses in developing countries provide key opportunities for the global guidewires market.
Nitinol material is expected to lead the guidewires market in terms of size as well as growth owing to the high elastic property that provides twist resistance, better trackability offers reduced prolapse as compared to stainless steel and hybrid materials.
Hospitals diagnostic clinics are driving the highest demand in the global guidewires market owing to increased preference by the patients for minimally invasive interventional procedures.
The coronary guidewires segment is leading the overall guidewires market in terms of share owing to the high procedure rates and the existence of large minimally invasive coronary procedure volumes. The key factor of the global coronary guidewires segment is the growing number of hospital charges, increasing occurrence of atherosclerosis patients, and rising incidence of coronary artery disease worldwide. The surging number of hospitals, FDA guidelines over the product application, product agreements are increasing the peripheral guidewire segment.
Global Guidewires Market Regional Analysis:
The Asia-Pacific is the most rapidly growing region of the guidewires market owing to the extreme development for medical tourism. Developing countries such as China and India are expected to drive the growth of the guidewires market in the Asia-Pacific region. The North America dominated the overall market in terms of revenue owing to the presence of high-frequency levels of cardiovascular neurovascular disorders and sophisticated healthcare infrastructure.
Global Guidewires Market, Key Highlights:
- Global Guidewires Market analysis and forecast, in terms of value.
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Guidewires Market
- Global Guidewires Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
- Global Guidewires Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
- Global Guidewires Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
- Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Guidewires Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Guidewires Market, by Material Type:
- Stainless Steel
Global Guidewires Market, by Product:
Global Guidewires Market, by Application:
Global Guidewires Market, by End-User:
- Hospitals Diagnostic Clinics
- Ambulatory Surgical Centers (ASCs)
- Other End-User
Global Guidewires Market, by Region:
- North America
- South America
- Middle East Africa
Global Guidewires Market Key Players
- Boston Scientific Corporation
- Terumo Interventional Systems
- UROMED Kurt Drews KG
- Olympus Corporation
- Teleflex Incorporated
- Cordis (A Cardinal Health Company)
- Johnson Johmson
- B Braun Melsungen
- C. R. Bard Inc
- Codman neuro
- ASAHI INTECC Inc
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