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The vascular guidewires market is expected to exhibit significant growth during the forecast period due to rise in the prevalence of cardiovascular disorders, increase in geriatric population, demand for minimally invasive procedures, and rapid technological advancements in guidewires drive the market growth.
According to Inkwood Research, the global vascular guidewires market is expected to reach $1614.2 million by the end of 2027 and evolve around 5.46% CAGR during the estimated period of 2019-2027. The rising incidences of cardiovascular diseases along with rapid technological developments, will further drive the expansion of the market in future.
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The vascular guidewires market is expected to exhibit significant growth during the forecast period due to rise in the prevalence of cardiovascular disorders, increase in geriatric population, demand for minimally invasive procedures, and rapid technological advancements in guidewires drive the market growth.
Cardiac Catheters and Guidewires Market size was estimated at $10.8 billion in 2020, growing at a CAGR of 6.8% during the forecast period 2021-2026. In surgeries, Cardiac Catheters are used to unblock clogged blood arteries and improve blood flow as a result they are utilized in heart disease treatments.
Medical Guidewires Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Medical Guidewires industry with a focus on the Chinese market.
In order to up their sales and revenues, savvy companies in the global guidewires market are expending time and money on research and development of better products having sophisticated features to cater to various medical procedures.
A recent study conducted by Persistence Market Research projects that in 2017, global pressure guidewire revenues are estimated to reach US$ 538.02 million. By the end of 2024, these revenues will exhibit a CAGR of over 10%, effectuating the procurement of an estimated US$ 1,084.6 million in terms of global market value.
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Global guidewires market is expected to grow at a significant pace from 2016 to 2024 owing to rising number of diseases related to cardiovascular and neurovascular among the geriatric population. Catheter placements in the arteries use guidewires.
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The Guidewires Market report offers an in-depth analysis of various factors promoting and demoting the growth of the market during the mentioned forecast period. The information provided in the report is gathered from primary and secondary research methods. For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/guidewires-market-101179
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