The global guidewires market is expected to exhibit a CAGR of 4.17% during 2022-2027.
According to IMARC Group’s latest report, titled “Guidewires Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, The global guidewires market is expected to exhibit a CAGR of 4.17% during 2022-2027.
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Guidewires are thin and stretchable tubes used for introducing, guiding, and inserting medical devices inside the body of a patient. They are manufactured using stainless steel, nitinol, palladium, bimetal, platinum, tungsten, and polymers that exhibit excellent tensile and torque strength, resistance to fatigue, and durability. They are commonly used in angiography, interventional radiology, and cardiology procedures. They are also used to conduct vascular interventions and minimally invasive (MI) surgeries.
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The increasing geriatric population, who are more susceptible to developing chronic disorders, represents one of the key factors driving the market. In addition to this, the rising number of surgeries and the growing individual preference toward minimally invasive (MI) surgeries are creating a positive outlook for the market. Furthermore, the increasing utilization of nitinol materials for manufacturing guidewires with enhanced steerability, biocompatibility, and elasticity are positively influencing the market. Moreover, the development of technologically advanced guidewires with superior lesion access and better visibility is anticipated to strengthen the market growth.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of product, material, application, end user and geography.
Breakup by Product:
Breakup by Material:
Breakup by Application:
Breakup by End User:
Breakup by Geography:
Key highlights of the report:
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