Guidewires Market Segmentation, Application Analysis and Market Forecast 2017 -
Posted by akshayparmar on November 22nd, 2017
Guidewires Market Growth, Future Prospects and Competitive Analysis, 2017-2025, the global guidewires market was valued at USD 20,57.4 Mn in 2017, and is expected to reach USD 46,31.0 Mn by 2025, expanding at a CAGR of 5.9% from 2017 to 2025.
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Growing demand for minimally invasive surgical procedures for targeted treatments is expected to drive demand for guidewires in the global markets. Minimally invasive procedures are rapidly taking over conventional open surgeries due to offered benefit such as quick procedural time, lesser risk of infections, less blood loss, rapid recovery time and cost efficiency. Due to these benefits, minimally invasive procedures are being increasingly adopted for treating chronic conditions, particularly in geriatric patient group. The prevalence of coronary and peripheral occlusions is significantly high in senescent population. Cardiovascular diseases are highly prevalent across all the geographiesand is a prime cause of mortality in the world. Sedentary lifestyle, augmented longevity and other occupational and lifestyle hazards are the chief contributors for the growing in incidence of
CVDs, which as a result has contributed to growth in demand for minimally invasive CVD treatments that use guidewires for precise navigation.
Based on product types, the global guidewires market is categorized onto coronary, neurovascular, urological and peripheral guidewires. Coronary guidewires is currently the largest product segment and is expected to further progress at a steady growth rate thus maintaining its lead during the forecast period. High usage rates of coronary guidewires in surgical procedures and favorable reimbursement for the products in the developed markets, along with steady prices of the available products will further provide stability to this segment. Initiatives of manufacturers for containing operational costs and produce further cost effective procedures will open additional avenues for this segment in the emerging markets of Asia Pacific.
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Guidewires: Market Dynamics and Outlook
Chapter 7 Company Profiles
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Joined: July 31st, 2017
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