Guidewires Market Analysis by Manufacturing Process, Industrial
Chain Forecast 2020
“Guidewires Market is expected to exceed over USD 2.19 billion by 2020 with a
CAGR of 6.4%. Minimally invasive interventions have proved to influence the
global guidewires market to a great extent and is therefore expected to
witness high growth on account of increasing demand for these devices.”
Industry Insights
Global Guidewires Market is expected to exceed over USD 2.19 billion by 2020 with a CAGR of 6.4%. Minimally
invasive interventions have proved to influence the global guidewires market to a great extent and is therefore
expected to witness high growth on account of increasing demand for these devices. Open/invasive surgeries
are rapidly being replaced by minimally invasive surgeries. Presence of better satisfaction among patients owing
to lower number of complications post-surgery and lesser incision wounds are some advantages accountable
for this shift. Additionally, this processes need shorter hospital stays and hence, is economically more feasible.
Prevalent medical conditions including coronary and peripheral occlusions coupled with growing base of aging
population is anticipated to fuel the guidewires market over the next six years. Mortality rates have been
increasing in the past few years majorly due to increasing number of cardiovascular diseases. Changing lifestyle
habits such as growing occurrence of obesity, rising number of global smokers along with irregular dietary habits
have impacted the growth of these cardiovascular disease to a great extent. Owing to the introduction of devices
such as guidewires and stents in addition to various drug therapies have positively impacted the treatment of
cardiovascular disorders. Guidewires play a vital role in vascular intervention. They are used to access cross
lesions and target vessels to deliver accurate interventional therapy.
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