Global guidewires market to clock a steady CAGR of 6.2% during the period between 2017 and 2025 to become worth US$2.7 bn by 2025-end from US$1.6 bn in 2016.
Albany, NY -- (SBWIRE) -- 12/06/2017 -- In the global guidewires market, more and more companies are pouring money into the research and development of innovative products to meet requirements of numerous medical procedures. According to the recent study titled "Guidewires Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" submitted into the repository of Market Research Hub (MRH), the global market of guidewires is anticipated to exhibit a strong 6.2% of CAGR during the assessment period 2017 to 2025. The report also predicts that the global guidewires market worth US$1.6 bn in 2016, is estimated to reach a value of US$2.7 bn by the end of 2025.
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The report shares an executive summary in the beginning for its readers to provide key information related to global guidewires market such as market share. The report discusses factors that are driving the market as well as restraints to the growth of the global guidewires market in its market overview section. As per the report, the factors such as increasing prevalence of cardiovascular and renal diseases, rise in number of interventional diagnostic procedures performed, growing demand for minimally invasive surgeries and favorable reimbursement scenario are behind the growth of the market whereas other factors such as high cost minimally invasive surgeries and complications of guidewires use are restraints to the growth of the global guidewires market. According to the report, rising demand for technologically advanced guidewires considering patient comfort and growing economies of emerging markets are some of the future opportunities available in the global guidewires market. The market overview section also provides market analysis and forecasts 2015 to 2025, market revenue projections, porter's five force analysis, guidewires accessories snapshot and guidewires technology trends to mention a few.
The global guidewires market is segmented into product type, end-user and regions for detailed analysis. These segments are further sub-segmented such as peripheral guidewires, neurovascular guidewires, coronary guidewires, radiology guidewires, urology guidewires, gastroenterology guidewires and other guidewires sub-sections under market overview. The end-user segment is bifurcated into hospitals, ambulatory surgical centers, clinics and diagnostics center. The report has also divided the global guidewires market into key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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The study covers competition landscape and profiles some of the key players operating in the global guidewires market. Some of these companies are Abbott, Integer Holdings Corporation, Olympus Corporation, Cardinal Health, Inc., Cook and Medtronic.
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