Guidewires Market to witness Massive Growth During the Forecast Period From 2018-2025 Due to Technological Advancement in Medical Devices and Healthcare Industry

Guidewire is a medical device used to position an endotracheal tube, IV catheter, gastric feeding tube or central venous line. During biopsy, it is used to localize a tumor. A guidewire is typically inserted through a small incision in the groin and are also used to guide catheter products to a desired treatment location within the body. It has wide range of applications in various fields such as cardiology, urology, oncology, neurology, gastroenterology and others.

The report aims to provide an overview of global guidewires market with detailed market segmentation by product, material, application, end user and geography. The global guidewires market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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Some of the key players influencing the market are Abbott, B. Braun Melsungen AG, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Cook, Johnson & Johnson Services, Inc., Medtronic, Olympus Corporation, Terumo Medical Corporation and others.

Increasing demand for minimally invasive surgeries, extensive use of guidewires in hospitals and ambulatory surgical centers and increasing number of surgical procedures are key factors fuelling the growth of the market during the forecast period. Furthermore, increasing prevalence of chronic diseases such as cardiovascular disease and cancer also determine the growth of the market. As per the Center for Prevention and Control (CDC), in the US, nearly 610,000 people die of heart disease every year. Also, heart disease a major health problem among both the men and women.

The report also includes the profiles of key guidewires manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

On the basis of product, the market is segmented into diagnostic and surgical guidewires. On the basis of material, the market is segmented into stainless steel, nitinol, platinum, titanium, tungsten, and others materials. On the basis of application, the market is segmented into cardiology, urology, vascular, oncology, neurology, gastroenterology, and other applications. On the basis of end user, the market is segmented into hospitals, diagnostic centers, ambulatory surgical centers, and research laboratories & academic institutes.

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The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global guidewires market based on product, material, application and end user. It also provides market size and forecast till 2025 for overall guidewires market with respect to five major regions, namely; North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

The target audience for the report on the Guidewires market

- Manufactures
- Market analysts
- Senior executives
- Business development managers
- Technologists
- R&D staff
- Distributors
- Investors
- Governments
- Equity research firms
- Consultants

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Reason to Buy

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Guidewires Market

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Guidewires Market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.