Guidewires Market is projected to grow at a CAGR of 6.1% during the forecast period (2020-2025)

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The increasing preference for interventional radiology techniques has bolstered the demand for guidewires and is anticipated to continue doing so in the future. The global guidewires market is poised to register a positive growth trajectory, expanding at a CAGR of 6.1% during the forecast period (2020-2025). The market is pegged to reach a value pool of US$ 2.6 Bn by the end of 2025.

The COVID-19 pandemic is anticipated to moderately impact the production of guidewires in the forecast period. This is attributed to key companies implementing strict countermeasures to limit person-to-person contact, investing a significant part of its revenue in finding testing mechanisms and antiviral drugs, and staggering shift timings.

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Guidewires Market – Scope of Report:

A latest publication by Fact.MR on the global Guidewires market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2020-2025.

Important indicators for the successful growth of the Guidewires market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for c supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Guidewires, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Market Competitors:

• A fragmented market, the global guidewires market consists of several players, with top four players comprising half of the total market. These players are: Abbott Technologies, Terumo Medical Corporation, Integer Holdings Corporation and Boston Scientific Corporation. These players concentrate on developing guidewires for various therapeutic applications and providing improved patient comfort via lubricous coating.

  Abbot Technologies manufactures new products such as the Hi-Torque Command 18 018 guidewire. The device combines the durability of nitinol and the push, torque and support of stainless steel to provide patient comfort and easy surgery. Another product, titled PressurewireTM X assesses hemodynamics using either FFR fractional flow reserve or Resting Full Cycle Ratio (RFR) measurements.

  Terumo Interventional Systems, another market player, offers hydrophilic and novel hybrid guidewires in nitinol core for coronary and vascular interventional procedures. Its products include the Long Taper GLIDEWIRE, the J-tip GLIDEWIRE and GLIDEWIRE TORQUETM Device. These glidewires provide unmatched lubricity and lubricity retention. This ensures consistency throughout the entire operation.

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Report benefits & key questions answered

• Post covid consumer spending on Guidewires: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
• Guidewires demand outlook: the market intelligence study reports highlights the factor propelling the demand for Guidewires. As per the study, the demand for Guidewires will grow through 2029.
• Guidewires historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
• Guidewires consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Guidewires Market Segmentations:

• By Product :

  • Coronary Guidewires
  • Peripheral Guidewires
  • Neurovascular Guidewires
  • Urology Guidewires
  • Radiology Guidewires
  • Gastroenterology Guidewires
  • Other Guidewires (Otolarynology & Oncology)

• By End-user :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers

• By Key Regions :

  • North America
  • Europe
  • Asia Pacific
  • Eastern Europe
  • Latin America
  • Middle East & Africa (MEA)

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