Global Guidewires Market is to Witness Robust Growth with Cordis Partnering with SMT to Provide Cardinal Health’s Guide Catheter across Indian Market

 

The Guidewires are generally larger, and they're also more difficult to work with because they have multiple strands of insulated wire that go through the center, like a giant screw. The electrical wires are typically made out of copper, while the Guidewires are made out of galvanized steel. These wires have been proven to be less dangerous than the other type of wires, which is why a lot of people consider them to be more reliable and safer than another electrical wiring in your home or business.

Increasing incidence of target diseases is expected to drive growth of the global guidewires market. Target diseases such as tuberculosis, measles, tetanus, and diphtheria have increased over the years. According to the World Health Organization (WHO), in 2019, over 10 million suffered from tuberculosis, while around 1.9 million people died from the same across the globe. Furthermore, in 2019, India was the leading country in tuberculosis cases followed by Indonesia, China, the Philippines, Nigeria, and so forth. According to the Centers for Disease Control and Prevention (CDC), in 2018, over 16,000 cases of diphtheria were mentioned across the globe to the WHO. Guidewires are typically used in the treatment of target diseases as mentioned above. They are an integral part of the vascular intervention and utilized to access target vessels, cross lesions, and deliver definitive interventional therapy. Hence, such factors are expected to drive growth of the global guidewires market. Furthermore, growing geriatric population and increasing number of lifestyle disorders are expected to propel the global guidewires market growth in the near future.

However, risk-related guidewires such as ventricular contractions or cardiac dysrhythmias coupled with a high cost of these devices are expected to restrain growth of the global guidewires market in the near future. Besides, proactive government initiatives to control the burden of healthcare-related infections and growing expenditure on healthcare in emerging economies can provide major business opportunities in the near future. Among regions, North America is expected to witness significant growth in the global guidelines market. This is owing to a high prevalence of cardiovascular diseases and the rise in a number of coronary and peripheral interventions. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to rising geriatric population and growing preference for minimally invasive surgery techniques.

Key companies involved in the global guidewires market are Abbott, Terumo Corporation, AngioDynamics Inc., Stryker Corporation, Asahi Intecc, Co Ltd, Olympus Corporation, B. Braun Melsungen AG, Medtronic, Boston Scientific Corporation, Cardinal Health, and Cook Group.

For instance, in March 2018, Cordis, a subsidiary of Cardinal Health, partnered with Sahajanand Medical Technologies (SMT), a provider of cardiac stents, to provide Cardinal Health’s guide catheter.