openPR Logo
Press release

Guidewires Market Analysis,Trends,Share,Forecast

01-30-2018 12:18 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

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:@

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 @

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

This release was published on openPR.

Permanent link to this press release:

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: 165

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases

More Releases for USD

Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
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
Metabolomics Market USD 1.24 Billion by 2020
The global metabolomics market is estimated to reach USD 1.24 Billion in 2020, growing at a CAGR of 15.6% from 2016 to 2020, according to a market research report Metabolomics Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Metabolomics Market 2013-2020 report at Metabolomics is the scientific study of chemical processes involving metabolites, whereas metabolome represents the collection of all metabolites in a biological cell, tissue, organ or organism, which
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of