Global Guide wires Market by Product (Peripheral, Coronary, Neurovascular, Urology) Expected To Reach USD 2,197.2 Million By 2020: Grand View Research, Inc. Global guide wires market (http://www.grandviewresearch.com/industryanalysis/guidewires-market) is expected to reach USD 2,197.2 million by 2020, according to a new study by Grand View Research, Inc. Growing prevalence of target diseases coupled with growing geriatric population base is expected to drive guidewire demand over the next six years. Technology innovation across various product segments, in terms of flexibility, tip retention etc. is also expected to boost market demand by catering to the requirements of healthcare practitioners. Coronary guide wires dominated the overall market in terms of revenue, estimated at USD 700.1 million in 2013. Coronary guide wires market is expected to grow on account increasing prevalence of cardiovascular diseases and the presence of high minimally invasive coronary procedure volumes. To request a sample copy or view summary of this report, click the link below: http://www.grandviewresearch.com/industry-analysis/guidewires-market Further key findings from the study suggest:
Global guide wires demand was 16,645.9 thousand units in 2013 and is expected to reach 25,640.2 thousand units by 2020, growing at a CAGR of 6.4% from 2014 to 2020. Peripheral guide wires are expected to remain as the second largest product segment after coronary guide wires during the forecast period. In terms of revenue, the market for peripheral guide wires is expected to grow at a CAGR of over 6.0% from 2014 to 2020 due to increasing prevalence of peripheral vascular diseases (PVDs), peripheral artery diseases (PADs), abdominal aortic aneurysms (AAA) and carotid artery stenosis (CAS). North America dominated the overall market in terms of revenue share in 2013 majorly on account of the presence of high prevalence levels of cardiovascular and neurovascular disorders and sophisticated healthcare infrastructure Asia Pacific is expected to be the fastest growing regional market for guide wires, driven by increasing demand for medical tourism in emerging markets of India and China and rapidly improving healthcare infrastructure. Some key market players of guide wires include Terumo Corporation, ASAHI INTECC, Abbott Laboratories, Medtronic Inc., Cordis Corporation, Boston Scientific Corporation, Covidien, B. Braun and Cook Medical. R&D spending has steadily increased over the last three years, in an attempt to develop technologically advanced and cost effective products and avoid barriers such as product recalls. In addition, R&D is also focused on the unmet needs of healthcare practitioners in consideration. Tip shape retention, flexibility and minimal wire perforation are the key requirements of healthcare practitioners.
Request free sample of this Report @ http://www.grandviewresearch.com/industryanalysis/guidewires-market/request For the purpose of this study, Grand View Research has segmented the global guidewires market on the basis of product and region:
• Global Guide wires Product Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020) • • • •
Coronary Guidewire Peripheral Guidewire Neurovascular Guidewire Urology Guidewire
• Guide wires Regional Outlook (Volume, Thousand units; Revenue, USD Million, 2012 – 2020) • • • •
North America Europe Asia Pacific RoW
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices About Grand View Research Grand View Research, Inc. is a market research and consulting company that provides off-theshelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deepseated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Email: sales@grandviewresearch.com