During the projected period of 2021-2027, the “Medical Guide Wire Market” research describes in-depth the demand and consumption of numerous products/services connected to market growth dynamics. In terms of quantity, a complete market assessment of the numerous opportunities in the market segment is made. The Medical Guide Wire market is covered several areas, including constraints, problems, and opportunities, as well as geographical considerations. Customers will benefit from this study because it provides historical and statistically significant data, making it both helpful and instructional.
In accordance with the Medical Guide Wire market is set to grow at a CAGR of 5.8% over the forecast period (2021-2027).
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Rising preference for minimally invasive surgical procedures owing to advantages such as smaller incisions, faster recovery time, and reduced pain along with an increasing number of chronic diseases are catalyzing the growth of the global medical guide wire market. Moreover, technological advancements and the rise in the geriatric population prone to various chronic diseases are few other factors driving the market. However, the lack of skilled physicians and emergence of health issues due to the use of medical guidewires are expected to create hurdles in the growth of medical guide wire market across the globe. And also high product costs and partial reimbursement coverage might restrict the market growth to a certain extent.
Top Key players operating in the global Medical Guide Wire market is:
Terumo Medical, Abbott Vascular, Asahi, Boston Scientific Corporation, Cardinal, Integer, Medtronic, Cook Medical, TE Connectivity, Merit, SP Medical, Epflex, Shannon MicroCoil, Acme Monaco, Infiniti Medical, Custom Wire Technologies, Biotronik, Hanaco
- Medtronic has acquired 60 companies, including 14 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 4 assets. Medtronic’s largest acquisition to date was in 2014 when it acquired Covidien for $42.9B. Its largest disclosed sale occurred in 2017 when it sold Medtronic – Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses to Cardinal Health for $6.1B. Medtronic has acquired in 14 different US states, and 8 countries. The Company’s most targeted sectors include medical products (88%) and healthcare services (8%).
- Boston Scientific today announced the close of its acquisition of the global surgical business of Lumenis LTD., a privately-held company that develops and commercializes energy-based medical solutions, from an affiliate of Baring Private Equity Asia (BPEA). The Lumenis surgical business includes premier laser systems, fibres and accessories used for urology and otolaryngology procedures with total revenue anticipated to be approximately $200 million for full-year 2021.
Major Medical Guide Wire Market Types covered are:
- Straight Medical Guide Wire
- Angled Medical Guide Wire
- J-Shape Medical Guide Wire
Major Medical Guide Wire Market Applications covered are:
- Peripheral Artery Disease (PAD)
- Cardiovascular Diseases
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Regional Analysis of Global Medical Guide Wire market:
The Medical Guide Wire Market research gives an in-depth analysis of market growth and other factors in key nations (regions), including:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
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Table of Contents: Medical Guide Wire Market
– Chapter 1: outline of Medical Guide Wire marketplace
– Chapter 2: worldwide market reputation and forecast through areas
– Chapter 3: worldwide marketplace popularity and forecast by using types
– Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise
– Chapter 5: marketplace riding issue evaluation
– Chapter 6: market opposition reputation by major producers
– Chapter 7: essential producers Presentation and market data
– Chapter 8: Upstream and Downstream marketplace investigation
– Chapter 9: Fetched and net part investigation
– Chapter 10: advertising reputation research
– Chapter 11: marketplace file end
– Chapter 12: research technique and Reference
Impact of COVID-19 on the Medical Guide Wire Market:
The upward push of COVID-19 has moderated showcase improvement; anyhow, the market is constantly selecting up-tempo due to growing lockdowns. The sudden increment in CAGR is thanks to the request and extension of this marketplace, which is functionality to return to pre-pandemic ranges once the large, is gone.
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