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Extensive Use Of Guidewires In Surgical Interventions Is Expected To Fuel The Growth Of Guidewires Market
Guidewires Market Size
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Guidewires are mainly manufactured from stainless steel with an elastic coil tip to prevent blood vessel from damage. The guidewires are reusable products in nature with low cost stainless steel mainly used as a raw material by manufacturers. A robust range of wire configurations and tip shapes makes it possible for healthcare professionals in choosing the right tool for surgical procedures. Biomechanical properties of the guidewires in the medical device industry contributes to its rapid growth.
Extensive use of guidewires in surgical interventions is expected to fuel the growth of guidewires market
According to the Journal of American College of Cardiology, an estimated 422.7 million prevalent cases of cardiovascular diseases were recorded globally in 2015, with 8.9 million deaths observed due to Ischemic Heart Disease (IHD). The higher occurrence of cardiovascular diseases is attributed to the shift in lifestyle habits including dietary irregularities and smoking which results in growing incidences of obesity, thus resulting in the global guidewires market demand. Also, the demand for guidewires is increasing by the rise in patient awareness about the advantages of minimally invasive procedures like decreased traumatic surgical experience, faster recovery, fewer post-surgery complications, reduced incision wounds and higher patient satisfaction. Additionally, growing acceptance of guidewires among medical practitioners, rising research and development investments and surging number of market entrants are the factors propelling guidewires market. Growing use of guidewires for diagnostic and interventional purposes of cardiological diseases is expected to stimulate guidewires market over the forecast period.
Coronary guidewires are largely used guidewires owing to the high volumes of minimally invasive coronary procedures
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The global guidewires market is segmented on the basis of product type, application, end user and geography.
On the basis of product type, the global guidewires market is segmented into:
• Stainless Steel Guidewires
• Nitinol Guidewires
• Hybrid Guidewires
On the basis of application, the global guidewires market is segmented into
• Interventional cardiology
• Infusion therapy
• Vascular access
• Interventional neuroradiology
• Endourology
• Gastroenterology
On the basis of end user, the global guidewires market is segmented into:
• Hospitals
• Ambulatory Surgical Centers
• Others
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