Global Peripheral Guidewire market will reach 898 million US$ by the end of 2025




Publisher: QYResearch
Published Date: 2019/8/8

The increasing demand for minimally invasive surgeries is a driving factor for the global peripheral guidewire market. The steady rise in geriatric population is likely to support the growth of global demand for peripheral guidewires.  The identification of complicated diseases related to urology, neurology, and cardiovascular are also likely to augment the growth of peripheral guidewire market. The complex procedures that can lead to excessive bleeding are expected to show preference for peripheral guidewires. Furthermore, advantages such as lesser infection possibilities, fewer complications, shorter hospital stay, and early recovery are expected to bode well for the market. Advancements in medical technology have enabled manufacturers to offer customized guidewires based on the needs and applications, which is increasing the adoption rate of guidewires among the medical professionals.

The global peripheral guidewire market was worth US$472 mn in 2018 and the report suggests that the market will reach US$898 mn by 2025, surging at a robust CAGR of 9.5%.

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