Guidewires Market share to exceed $2.6bn by 2023

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U.S. Guidewires Market witnessed to exceed USD
760 million by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Guidewires Market

• 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.

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Continued...

• 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.

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Continued...

• 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.

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Germany Guidewires Market, by Product, 2012-2023
(USD Million)

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