Global Guidewires growing at a CAGR of 6.4% from 2014 to 2020: Grand View Research
Global guidewires market is expected to reach USD 2,197.2 million by 2020, according to a new study by Grand View Research, Inc. Growing prevalence of target diseases coupled with growing geriatric population base is expected to drive guidewire demand over the next six years. Technology innovation across various product segments, in terms of flexibility, tip retention etc. is also expected to boost market demand by catering to the requirements of healthcare practitioners.
Coronary guidewires dominated the overall market in terms of revenue, estimated at USD 700.1 million in 2013. Coronary guidewires market is expected to grow on account increasing prevalence of cardiovascular diseases and the presence of high minimally invasive coronary procedure volumes.
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Further key findings from the study suggest:
For the purpose of this study, Grand View Research has segmented the global guidewires market on the basis of product and region:
• Global Guidewires Product Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020)
• Coronary Guidewire
• Peripheral Guidewire
• Neurovascular Guidewire
• Urology Guidewire
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