Guidewires Market is Likely to Experience a Tremendous Growth in Near Future

Posted by Yash Chauhan on February 28th, 2019

Guidewires Market

The global guidewires market is growing at significant rate, due to escalating acceptance of minimally invasive surgery and increasing healthcare expenditure. The market has witnessed high demand for surgical guidewires over the last few years due to mounting regulatory directive executed for the prevention of healthcare related infection and escalating number of surgical treatment.

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The mounting target disease occurrence, boosting lifestyle associated diseases, expanding applications of guidewires, continuous product launches by major companies, promising reimbursement for guide wires in developed countries, and escalating acceptance of minimally invasive procedures are the primary growth drivers for guidewires market. The demand for minimally invasive procedure is increasing in order to overcome the complications of conventional surgery such as fatigue, blood clots, infection, postoperative pain and muscle atrophy.

North America is the largest guidewires market as in the region there is robust presence of key OEMs. Asia-Pacific is observed to witness fastest growth in the market.

Medtronic PLC, Boston Scientific, C.R. Bard, Terumo Corporation, Abbott Laboratories, B. Braun, Johnson & Johnson, Stryker Corporation, Olympus Corporation, Angiodynamics, and Cardinal Health are the key players offering guidewires.

Source: VynZ Research

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Yash Chauhan

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Yash Chauhan
Joined: February 25th, 2019
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