Guidewires Market Will Grow at a Steady Rate of 6.4% CAGR from 2014 to 2020: Grand View Research, Inc.
Global guidewires market is projected to exceed over USD 2.19 billion in the forecast period. Increasing population together with increasing prevalence of diseases is likely to drive demand over the forecast period. Technological innovation has led to product enhancement on tip retention and flexibility, thus leading to its increasing requirement from the healthcare sector. Coronary guidewires segment was worth USD 700.1 million in 2013 and is likely to be a significant segment by 2020. Shifting lifestyle habits including dietary irregularities resulting in growing incidences of obesity and rising number of smokers globally have led to the high occurrence of cardiovascular diseases, thus resulting in the product demand. The industry is expected to witness changing consumer preference from minimally invasive surgeries to open/invasive surgeries due to higher patient satisfaction, reduced incision wounds, and fewer post-surgery complications & mortality rates. In...