Sarasota, FL, Aug. 09, 2016 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Peripheral Guidewire Market for Diagnostics and Interventional Application - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for peripheral guidewire was valued at USD 578.9 million in 2015, is expected to reach USD 871.2 million in 2021 and is anticipated to grow at a CAGR of 7.10% between 2016 and 2021.
Peripheral guidewires have multiple layers which includes central core, distal tip and outer coating. Central core is generally made up of stainless steel or nitinol which posses’ superior torque characteristics. Distal tip has variable length and it is made up of radio-opaque material e.g. platinum or iridium alloys and provides flexibility during operations. Peripheral guidewires are coated with a polymer, such as silicone or polytetrafluoroethylene (PTFE), to increase lubricity. Peripheral guidewires are used during the percutaneous transluminal angioplasty and angiography for guiding the stents or catheters to the site of action in the peripheral vasculature.
Browse 29 Market Tables and 19 Figures spread through 110 Pages and an in-depth TOC on "Peripheral Guidewire Market - Global Size, Shares, Trends, Segment & Forecast to 2021”
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Peripheral guidewire market is mainly driven by increasing demand for minimally invasive surgeries. Other important factor that propels the market growth is increasing worldwide geriatric population. Moreover, growing incidences of neurological, cardiovascular and urology disorders also fuel the market growth. It is important for patients to fully understand the risks of the procedure undergoing laparoscopy and other cardiovascular, neurovascular surgeries. Some risk factors associated with of minimally invasive surgery and preference given to open surgery may hamper the growth of this market.
North America dominated the overall peripheral guidewire market in terms of revenue in 2015 due to the high prevalence levels of cardiovascular and neurovascular disorders coupled with sophisticated healthcare infrastructure. In U.S. number of patients with heart related problem is anticipated to increase along with aging population. Presently, almost 18 million in the U.S. suffer from coronary heart disease, which is the one of the main reason of deaths in the country. Thus, U.S. accounted for highest share in the peripheral guidewire market in 2015 in North America.
Europe is one of the leading markets in peripheral guidewire market. European countries demonstrate higher growth rate in forecast period. Rising healthcare expenditure in developed countries such as France, UK, and Germany, and possible market opportunities in developing countries of Eastern Europe contribute to market growth.
Browse the full "Peripheral Guidewire Market for Diagnostics and Interventional Application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/peripheral-guidewire-market
Asia Pacific is estimated to be the fastest growing regional market for peripheral guidewire owing to growing demand for medical tourism in emerging markets of India and China. Medical tourism in the Asia pacific region is mainly driven by the low-cost treatments and is further supported by cheap transport and internet sources of information. Furthermore, improving healthcare facilities provides more number of patients access to healthcare facilities at an affordable rate. Growing demand for minimally invasive surgery in the Asian countries should also boost the Asia Pacific guidewires market.
Latin America shows promising growth in peripheral guidewire market. Latin America is developing private healthcare sector in turn fuel the market growth in the region. Healthcare industry in the region is witnessing an extreme change regarding the novel technologies and innovations. This factor may impact peripheral guidewire market in coming years.
Middle East is witnessing significant growth in peripheral guidewire market due to growing incidence of coronary heart diseases. Rising patient population couple with government funding towards healthcare infrastructure would drive the peripheral guidewire market in forecast period.
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Some of the key participants in this market Abbott Laboratories, Boston Scientific Corporation, Asahi Intecc, Terumo Corporation, and Cook Medical among others.
The report segments the global peripheral guidewire market as:
Global Peripheral Guidewires Market: Application Segment Analysis
Global Peripheral Guidewires Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- Middle East And Africa
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