New York, NY -- (SBWIRE) -- 06/11/2020 -- Guidewires are the medical devices that guide the catheters for positioning during CVC insertions. These guidewires can easily reach the blood vessels with minimally invasive technique. It comprises a plastic housing and a straightener sleeve that streamlines the insertion of the wire in the needle hub and the curved wire of 'J' shape at the tip. This tip competently prevents perforation of the vessel by allowing the wire to bounce from the vessel walls. Guidewires are single-use devices and generally have a fixed focal length. These devices are essential for intravascular imaging since they are placed beside large diameter guidewires for enabling flushing and interventional catheters to pass and switched in presence of guidewires.

Guidewires are widely used at healthcare settings like hospitals, ambulatory surgical centers, clinics, and diagnostic centers. Owing to higher prevalence of disorders, such as cardiac disorders, urology issues, brain disorders, and rising demand for minimally invasive surgical procedures, guidewires are increasingly demanded. For instance, increasing use of angioplasty is ultimately driving the demand for guidewires. Though the Coronavirus outbreak across the globe has hampered the production, delivery and supply of essential medical devices, the demand for guidewires is anticipated to steady. There is forthcoming requirement to expand the production of guidewires due to increasing disorders.

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Some of the prominent players in the guidewires market include:
Medtronic, Boston Scientific Corporation, Abbott, B. Braun Melsungen AG., Stryker, OLYMPUS CORPORATION, Terumo IS., Merit Medical Systems, Teleflex Incorporated., and CONMED Corporation, among others.

Market Industry Reports (MIR) has published a new report titled "Guidewires Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030." According to the report, the global guidewires market is estimated to be over US$ 660.8 million in 2019. It is anticipated to grow at a CAGR of 4.5% from 2020 to 2030.

The significant growth of the guidewires market can be attributed to the growing number of geriatric populations coupled with the increasing prevalence & incidents of chronic & infectious diseases. Moreover, the growing demand for minimal invasive surgeries among patient population and the rising number cardiovascular surgeries, among others, will boost growth of the guidewires market over the forecast period. Furthermore, increasing clinical applications of guidewires and favorable reimbursement scenarios in developed countries will fuel the guidewires market.

Major Types of Guidewires Market covered are:
Stainless Steel Guidewires
Nitinol Guidewires, and Hybrid Guidewires

Major Applications of Guidewires Market covered are:
Cardiology
Vascular
Urology
Neurology
Oncology, and Gastroenterology

Research objectives:-

- To study and analyze the global Guidewires consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Guidewires market by identifying its various sub-segments.
- Focuses on the key global Guidewires manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Guidewires with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Guidewires Market Size
2.2 Guidewires Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Guidewires Market Size by Manufacturers
3.2 Guidewires Key Players Head office and Area Served
3.3 Key Players Guidewires Product/Solution/Service
3.4 Date of Enter into Guidewires Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Guidewires Sales by Product
4.2 Global Guidewires Revenue by Product
4.3 Guidewires Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Guidewires Breakdown Data by End User

In the end, Guidewires industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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