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Guidewires Market Analysis, Top Companies, New Technology, Demand and Opportunity Analysis
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On the basis of product, the market is categorized into surgical and diagnostic, where the former is estimated to hold 87.0% share in the guidewires market, in 2017. The category is also expected to showcase faster growth in demand witnessing a CAGR of 5.7% during the forecast period.
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On the basis of application, these products are used for coronary, peripheral, urological, neurovascular, gastroenterological and other diseases. Among its various applications, guidewires are most commonly used for coronary applications, with an estimated contribution of 36.9% in 2017.
Based on end user, the guidewires market is categorised into hospitals and diagnostic clinics, ASCs and others including academic and research institutes, and research laboratories. Hospitals and diagnostic clinics are the largest end user, with an estimated contribution of 86.9% in 2017, and are also expected to showcase fastest growth in demand during the forecast period.
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Lifestyle diseases share risk factors similar to prolonged exposure to three modifiable lifestyle behaviors such as smoking, unhealthy diet, and physical inactivity. Obesity is also one of the leading cause for various chronic diseases. According to an obesity report published in 2015, by the Organization of Economic Cooperation and Development (OECD), 19.5% of the adult population was obese across the OECD countries. This rate varies less than 6% in Korea and Japan to higher than 30% in Hungary, New Zealand, Mexico and the U.S.
Some of the other key players operating in the guidewires market are Cardinal Health Inc., Boston Scientific Corporation, Stryker Corporation, B. Braun Melsungen AG, Cook Medical LLC, CONMED Corporation, Medtronic PLC, Asahi Intecc Co. Ltd., and Terumo Corporation.
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