Press Release

Guidewires Market to Grow as Market Players Double Down Their Investments in Innovation

Guidewires Market by Top Key Players are Teleflex Corporation, Olympus Corporation, Abbott, Boston Scientific Corporation, Merit Medical Inc., Cook, C. R. Bard, Inc., Terumo Medical Corporation, Abbott Forecast to 2026

Guidewires MarketThe 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. 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.

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Leading Players operating in the Guidewires Market are:

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

According to the Fortune Business Insights report, titled “Guidewires Market Size, Share & Industry Analysis, By Product (Coronary Guidewire, Peripheral Guidewire, Urology Guidewire, Neurovascular Guidewire, and Others) By Material (Nitinol, Stainless Steel, and Others) By Coating (Coated and Non-Coated) By End User (Hospitals & Clinics, Diagnostic Centers, and Others) and Regional Forecast, 2019-2026”, the value of the market stood at USD 887.6 million in 2018. The report also incorporates a thorough research into the various dynamics, trends, and other factors which will influence the market and enable businesses to take strategic decisions to solidify their position in this market. Apart from this, it also provides an exhaustive overview of the overall industry trends and outlook that will be instrumental in understanding the growth pattern of the market.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/guidewires-market-101179

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.

Report Focus:

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

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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