Global Guidewires Market by Manufacturers, Types, Regions, Application and Forecast to 2025by VynZ Research Marketing Research Consultant
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. In addition, the huge target patient population base those experiencing minimally invasive surgical procedures, mounting prevalence of lifestyle associated diseases, and escalating acceptance of more sophisticated wires are driving the growth of the North American guidewires market.
Asia-Pacific is observed to witness fastest growth in the market.
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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
Created on Feb 28th 2019 08:04. Viewed 201 times.