Global Surgical Guidewire Market Outlook 2018-2023

The global surgical guidewire market is expected to display higher growth rate over the next five years. Rapid surge in surgical guidewire market is credited to the growing number of minimally invasive surgeries across the globe, rising occurrence of organ failures, and spurring demand for transplantation procedures. Implementation and upgradation of infection prevention standards is one of the major factors responsible for the growth of surgical guidewire market, in the recent years. Other factors such as rise in the number of surgical, hospital, and outpatient procedures are expected to boost the market growth over the forecast period.  

Rising prevalence of chronic diseases is considered as one of the prominent factors responsible for the growth of surgical guidewire market. The rise in geriatric population is attributed to the high-end demand of surgical instruments, thus propelling market expansion over the past few years. Globally, surgical guidewire market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of surgical guidewire. Furthermore, rising competition in the market is responsible for the development and introduction of innovative products, thus leading to market advancements.

Surgical guidewire are selected based on their application, and are considered as highly application specific. Development of tailor-made surgical guidewires with innovative designs is expected to boost market sales over the coming years. However, limited healthcare facilities in rural area and growing patient pool are some of the major challenges for market growth to a certain extent. 

The surgical guidewire market is broadly categorized into five major segments based on the product type such as surgical guidewires, hydrophilic surgical guidewires, hydrophobic surgical guidewires, diagnostic guidewires and hydrophilic diagnostic guidewires. Surgical guidewires segment is growing rapidly in the surgical guidewire market with substantial revenue generation in the last few years. Growing popularity of surgical guidewires segment is attributed to the rising product penetration and cost-effectiveness. 

The surgical guidewire market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in healthcare sector, surge in number of research & development activities and existence of well-established medical infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth. 

Asia-Pacific region is estimated to hold a major share in the surgical guidewire market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing healthcare expenditure, prevalence of chronic diseases, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the surgical guidewire market are Boston Scientific Corp., Cardinal Health, Inc., Olympus Corp., Johnson & Johnson Corp., B. Braun Melsungen AG, C.R. Bard, Inc., Abbott Laboratories, Inc., Medtronic plc, Terumo Corp., and Cook Group, Inc.

Global Market for surgical guidewire to 2023 offers detailed coverage of surgical guidewire industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading surgical guidewire producers to provide exhaustive coverage of the surgical guidewire.

Report contents include
- Analysis of the surgical guidewire market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on surgical guidewire including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
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