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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Coronary Guidewires Market to reach over 1 billion by 2023.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Coronary Guidewires Market to reach over 1 billion by 2023."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 U.S. Guidewires Market witnessed to exceed USD 760 million by 2023: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Guidewires Market size is driven by growing prevalence of urology, neurovascular, and cardiovascular disorders due to the increase in elderly population, and shift in trend towards minimally invasive surgeries.  The global industry is dominated by coronary guidewires with market size in excess of USD 750 million for 2015. Guidewires Market size is estimated to reach over USD 2.5 billion by 2023; according to a new research report by Global Market Insights, Inc.  Global guidewires industry marked by various technological advancements such as hydrophilic coated super elastic guidewires, medical infusion, and magnetic navigation technology.  In addition expanded application of guidewires in facilitating cross-resistant lesion in vasculature should further complement the industry growth. Key Insights from Guidewires Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Strong usage trends in minimally invasive surgeries complemented by rising demand for minimally invasive surgeries should propel the guidewires market. As compared to older surgeries, minimally invasive surgeries include lower cost for doctor and patients, low recovery trun-around, and achieve quick return to normal activity.  These benefits offered by minimally invasive surgeries have led to their widespread adoption.  Guidewires market was dominated by coronary guidewires valued at over USD 770 million in 2015. The highest revenue contribution of coronary guidewires should be credited to growing prevalence of cardiovascular diseases due to unhealthy habits of drinking, smoking, and poor diet.  Also, rising patient awareness, and increase in the number of catheterization labs, interventional cardiologists, and radiologists should add to the industry growth. Continued...

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Coronary guidewires are gaining popularity and slated to reach over 1 billion by 2023. Favorable government initiatives in terms of reimbursements of devices, and growing competition among manufacturers to introduce affordable and quality products should further drive the coronary guidewires market.  Neurovascular guidewires market share is projected to expand with more than 6% CAGR over the projected timeframe. 2015 Urology guidewires market may see to exceed over USD 300 million.  U.S. guidewires market size was estimated over USD 540 million in 2015, and forecast to grow at CAGR of more than 4.3% through 2023.  Germany, France, and Spain should witness healthy growth as compared to the U.S. This is due to relatively fast and flexible approval process of the European Commission, which attracts manufacturers to expand in this region.  Codman, Terumo Corporation, Abbott and Boston Scientific Corporation accounted for major global 2015 industry share. Continued...

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Germany Guidewires Market, by Product, 2012-2023 (USD Million)

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Guidewires Market @ http://bit.ly/2o2IUXn http://bit.ly/2o2IUXn Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/425 https://www.gminsights.com/request-sample/detail/425 https://www.gminsights.com/request-sample/detail/49

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