Guidewires Market Size Projected to Exceed Over $2 Billion With 6.4% CAGR By 2020 | Million Insights

FELTON, California, April 19, 2018 /PRNewswire/ --

Global Guidewires Market is expected to exceed over USD 2.19 billion by 2020 with a CAGR of 6.4%. Minimally invasive interventions have proved to influence the global guidewires market to a great extent and is therefore expected to witness high growth on account of increasing demand for these devices. Open/invasive surgeries are rapidly being replaced by minimally invasive surgeries. Presence of better satisfaction among patients owing to lower number of complications post-surgery and lesser incision wounds are some advantages accountable for this shift. Additionally, this processes need shorter hospital stays and hence, is economically more feasible.

Prevalent medical conditions including coronary and peripheral occlusions coupled with growing base of aging population is anticipated to fuel the guidewires market over the next six years. Mortality rates have been increasing in the past few years majorly due to increasing number of cardiovascular diseases. Changing lifestyle habits such as growing occurrence of obesity, rising number of global smokers along with irregular dietary habits have impacted the growth of these cardiovascular disease to a great extent. Owing to the introduction of devices such as guidewires and stents in addition to various drug therapies have positively impacted the treatment of cardiovascular disorders.

Guidewires play a vital role in vascular intervention. They are used to access cross lesions and target vessels to deliver accurate interventional therapy. There are many options available in the market in the form of different clinical presentations that require different device attributes. Choice of an appropriate guidewire holds utmost importance owing to its ability to improve crossing success particularly in total occlusions, limit costs, limit the risk of vascular injury and improve device delivery.

Determining which device features and attributes are required in different cases needs knowledge of engineering concepts that form those attributes. In few cases, these wires may be required for crossing and exchanging so as to gain safer and better device delivery. On the other hand, intraluminal crossing, involves different methodologies and device attributes as compared to sub-intimal crossing. With proper wire choice and manipulation, numerous occlusions can be treated interventionally without the need for expensive crossing tools.