Guidewires Market Analysis,Trends,Share,Forecast
Guidewires market revenue is poised to witness a considerable surge over the coming years, driven by its growing applications in minimally invasive surgeries along with its rising popularity across medical sector. Moreover, rise in aging population, resulting in occurrence of cardiovascular, urological, and neurovascular diseases is expected to benefit the industry growth over the next few years. As per the WHO predictions, the old population across the globe is expected to rise by 16% by 2050. Furthermore, introduction of new technologies in guidewires such as medical infusion, super elastic hydrophilic coated guidewires, and magnetic navigation technologies is predicted to drive the industry trends in the near future. As per Global Market Insights, Inc., “Guidewires Industry size is projected to surpass USD 2.6 billion by 2023.”Coronary guidewires are expected to dominate the product landscape by 2023
Taking into account the product trends in guidewires market, peripheral guidewires market is estimated to witness a considerable growth over 2016-2023, driven by the rising occurrence of various peripheral artery and vascular diseases. Furthermore, conditions such as abdominal aortic aneurysms and carotid artery stenosis related to old age are expected to further drive the growth. According to AHA (American Heart Association), nearly 12 million population in U.S. is affected due to peripheral arterial ailments.
Request Sample Copy of this Report:@ https://www.gminsights.com/request-sample/detail/425
Declining product prices owing to favorable government reimbursement policies along with growing efforts by manufacturing firms to produce high quality & low cost products, is expected to drive coronary guidewires market growth over the coming timeframe. Neurovascular guidewires industry size, which is forecast to surpass USD 110 million by 2023, will be driven by its rising demand in the minimally invasive neuro-vasculature surgeries along with increase in proportion of neurovascular diseases across the globe.
Increase in aging population base leading to high occurrence of kidney ailments along with the rise in healthcare spending is estimated to drive urology guidewires market size over the coming years, having touched the revenue margin of over USD 330 million in 2015.
North America is forecast to make significant revenue contributions over 2016-2023
Considering the regional trends, North America coronary guidewires industry which was estimated at USD 284.9 million in 2015, is projected to contribute considerably towards guidewires market size over the next few years. High occurrence of cardiovascular disorders as a result of sedentary lifestyles, smoking, and irregular as well as unbalanced diet intake, is expected to boost the regional growth. In addition to this, growing levels of patient awareness along with easy availability of radiologists, catheterization laboratories, and cardiologists are expected to further drive the regional share. U.S. is expected to lead North America guidewires market share, registering a CAGR of 4.4% over 2016-2023.
Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/425
Europe guidewires market size is expected to grow at a rate of 6.1% over the period of 2016-2023, driven by flexible CE (European Conformity) approval procedures that encourage firms to introduce new products in the guidewires business. Furthermore, rising healthcare expenditure in developed countries of Europe along with bright economic growth prospects in emerging economies of Europe are expected to further drive the regional revenue. France, Russia, UK, Poland, and Germany are major revenue pockets of the region.
APAC guidewires industry will observe a noticeable growth over the next few years, driven by high presence of elderly population base resulting in rise of peripheral vascular disorders and surgeries. Furthermore, enhanced healthcare facilities at affordable costs, expanding medical tourism sector, the rising popularity of minimally invasive surgeries, increase in consumer spending capacity, and introduction of favorable healthcare initiatives by the government are few of the factors expected to catalyze the industry growth in the region. Japan, India, and China are expected to be the key regional revenue contributors.
Market players will try to increase their revenue through R & D investments and strategic alliances. Key industry participants include Codman Neurovascular, Cordis Corporation, Terumo Corporation, Medtronic Company, Abbott Laboratories, Boston Scientific Corporation, Cook Medical, Merit Medical Systems Inc., B. Braun Melsungen, and St. Jude Medical.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Guidewires Market Analysis,Trends,Share,Forecast here
News-ID: 922506 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for USD
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com.
There is a $3,000,000…
Primary Alkaline Batteries Market Worth USD 14.58 Billion USD by 2026
The Global Primary Alkaline Batteries market size was valued at 10.31 Billion USD in 2019 and is projected to reach 14.58 Billion USD by 2026, at a CAGR of 5% during the forecast period.
An Primary Alkaline Batteries is a type of primary battery, which derives its energy from the reaction between zinc metal and manganese dioxide.
Get Detailed Analysis of COVID-19 Impact on Primary Alkaline Batteries Market @ https://reports.valuates.com/request/sample/QYRE-Othe-0I169/Global_Primary_Alkaline_Battery_Market
This report presents…
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa."
These days many businesses are adopting a market research report…
Eubiotics Market Set to Exceed USD USD 8.60 Billion by 2026
According to a new study published by Polaris Market Research the global eubiotics market is anticipated to reach USD 8.60 billion by 2026. The tightening and stringent restrictions on the use of antibiotic growth promoters along with the surging consumer pressure on food safety and consumer preferences are expected to be the major factors driving demand for these products that work as substitutes to in-feed eubiotics.
Eubiotics or specific organic…
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and…
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size…