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Guidewires Market Size
- Report ID: GMI425
- Published Date: Jan 2023
- Report Format: PDF
Guidewires Market Size
Guidewires Market size was more than USD 1.2 billion in 2022 and is forecasted to observe over 3.5% CAGR from 2023 to 2032. Growing preference for minimally invasive surgical procedures to drive market growth.
The high prevalence of chronic diseases will elevate the demand for minimally invasive surgeries and related equipment. Surgical guidewires have witnessed noteworthy advancements in recent years. The component helps surgeons to operate various diagnostic and therapeutic medical procedures for vascular therapy. It also allows them to easily track and access harder-to-reach lesions. The rise in cases of cardiovascular disease due to unhealthy habits like smoking, alcohol consumption, and other lifestyle choices should fuel the need for guidewires in the healthcare sector.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Guidewires Market Size in 2022: | USD 1.2 million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.5% |
| 2032 Value Projection: | USD 1.5 million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 450 |
| Tables, Charts & Figures: | 989 |
| Segments covered: | Material, Coatings, Application, Diameter, Length, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The lack of skilled surgeons and medical practitioners could impact product adoption. The demand for highly skilled personnel has surged due to robust technological advancements in the healthcare sector. Qualified personnel are versed to understand and efficiently use the latest medical technologies while performing various surgeries. However, developing economies are struggling to find skilled healthcare professionals which may impact the use of advanced surgical guidewires to some extent.
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Guidewires Market Scope
