What Will be the Key Factors for Guidewire Market Growth?

The global guidewires market size is projected to reach USD 1,401.0 million by 2026, exhibiting a CAGR of 5.9% during the forecast period. Rising incidence rate of cardiovascular diseases is expected to be one of the major forces of growth for this market. According to estimates released by the American Heart Association (AHA), a staggering 15.5 million Americans were suffering from coronary heart disease in 2016.

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These numbers augur good news for the guidewire market as a steady rise in the prevalence of cardiovascular disorders will necessitate the utilization of advanced guidewire technology for quicker diagnosis and delivery of more accurate treatment for these conditions. Moreover, these devices are also crucial in diagnosing gastrointestinal disorders, which will further boost their employment in the healthcare industry.

Leading Players operating in the Guidewire Market are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Teleflex Corporation
o Olympus Corporation
o Abbott
o Boston Scientific Corporation
o Merit Medical Inc.
o Cook
o C. R. Bard, Inc.
o Terumo Medical Corporation
o Abbott

Growing Preference for Minimally Invasive Diagnostic Procedures to Catalyze Growth

One of the primary factors driving the guidewires market trends is the demand for minimally invasive procedures for diagnostic purposes, which is gaining ground in healthcare. This is on account of the benefits offered by such procedures. For example, a patient will recover at a faster rate if the incision in her body is small and narrow. This would also minimize the patient's hospital stay, saving her a good amount of her resources. Technologically advanced guidewires allow for superior lesion access and better visibility, which brings down procedural costs and becomes more pocket-friendly for the patient. The guidewire market stands to gain as a result.

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Robust Healthcare Infrastructure to Propel the Market in North America

Having generated a revenue of USD 308.2 million in 2018, North America is set to dominate the guidewires market share during the forecast period. This will be mainly attributable to variety of favorable conditions including availability of cutting-edge healthcare technology, friendly medical reimbursement policies, and a ready acceptance of modern technology.
The market in Europe will be chiefly driven by growing demand for minimally invasive procedures and increasing number of surgeries. Coupled with these is the high adoption rate of interventional diagnostic methods in Western European countries such as Germany and France, which is further fueling the market in the region.

Detailed Table of Content:

o Introduction
o Research Scope
o Market Segmentation
o Research Methodology
o Definitions and Assumptions
o Executive Summary
o Market Dynamics
o Market Drivers
o Market Restraints
o Market Opportunities
o Key Insights
o Technological advancements in Guidewires Market
o Key Industry Developments- Partnerships, Mergers and Acquisitions
o New Product Launched by Key Players
o Prevalence of Major Cardiovascular Conditions for Key Countries
o Regulatory Scenarios
o Global Guidewires Market Analysis, Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis, Insights and Forecast - By Product
? Coronary Guidewires
? Peripheral Guidewires
? Urology Guidewires
? Neurovascular Guidewires
? Others
o Market Analysis, Insights and Forecast - By Material
? Nitinol
? Stainless Steel
? Others
o Market Analysis, Insights and Forecast - By Coating
? Coated
? Non-coated
o Market Analysis, Insights and Forecast - By End User
? Hospitals & Clinics
? Diagnostic Centers
? Others
o Market Analysis, Insights and Forecast - By Region
? North America
? Europe
? Asia pacific
? Latin America
? Middle East & Africa

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Report Focus:

o Extensive product offerings
o Customer research services
o Robust research methodology
o Comprehensive reports
o Latest technological developments
o Value chain analysis
o Potential Guidewire Market opportunities
o Growth dynamics
o Quality assurance
o Post-sales support
o Regular report updates

Reasons to Purchase this Report:

o Comprehensive analysis of the Guidewire Market growth drivers, obstacles, opportunities, and other related challenges.
o Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
o Identifies market restraints and boosters.
o Identifies all the possible segments present in the market to aid organizations in strategic business planning.

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