According to the World Health Organization, the proportion of the world’s population over 60 years will nearly double from 12% to 22% between 2015 and 2050. The geriatric population is more susceptible to old-age-linked diseases. Cardiovascular diseases remain among the most common causes of deaths among the aged population. For instance, according to the American Heart Association, Inc., in 2017, more than half of the heart transplant recipients were in the age group, 50 & older. Thus, the increasing geriatric population and increasing prevalence of cardiovascular disease are anticipated to propel the guidewires market.
The Guidewires Market is segmented on the basis of Material, Product, Applications and region.
Major Material of Guidewires Market covered are:
- Stainless Steel Guidewires
- Nitinol Guidewires
- Hybrid Guidewires
Major Product of Guidewires Market covered are:
- Surgical Guidewires
- Diagnostic Guidewires
Major Applications of Guidewires Market covered are:
- Cardiology
- Vascular
- Urology
- Neurology
- Oncology
- Gastroenterology
Moreover, the number of surgeries taking place globally has increased during recent years. Along with it, the preference for minimally invasive surgeries is also increasing. The major factors that have led to the increasing preference for minimally invasive surgeries include their advantages over traditional open surgeries such as fast recovery, fewer chances of infection and shorter hospital stays. As guidewires are used in many surgical procedures, the increasing preference and adoption of minimally invasive surgeries among patients are further anticipated to fuel the guidewires market during the forecast period.
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