The market studied is majorly driven by the factors, including a rising preference for minimally invasive surgeries, a growing burden of cardiovascular diseases, and technological advancements in guidewires.
– Majorly, people opt for minimally invasive surgeries, as these cause less post-operative pain, and hence, patients receive smaller dosages of pain killers. Due to the minimal cuts or stitches, the duration of hospital stay becomes shorter, and hence patients need not visit the hospital frequently. Traditional open surgeries involve long incisions made through the muscles, and these muscles take a considerable amount of time to heal, whereas MIS procedures involve smaller incisions, leading to a quicker recovery. In addition, the body scars involved in MIS are barely noticeable. The main advantage of MIS over the traditional open surgeries is the higher precision due to video-assisted equipment, which produces a better and magnified image of the organs or body parts being operated. These surgeries are gaining wider acceptance among the geriatric population, due to the relatively shorter recovery time. As minimally invasive surgeries are carried out with the help of guidewires, the demand for guidewires is increasing. Thus, owing to the benefits associated with minimally invasive surgeries, the adoption rate is increasing, which may increase the overall growth of the market over the forecast period.
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Key Market Trends
Coronary Guidewires Dominate the Market
The coronary guidewires are the specialized devices that are designed to use in the angioplasty procedures to introduce and position balloon catheters and other devices within the coronary system. With the rising number of people falling prey to heart diseases, there has been a continuous development of novel devices to provide the best possible surgical experience to the doctors as well as the patients. The guidewires technology has evolved immensely since the past decade as cardiologists have advanced their practice to deal with much more complex disorders, mostly heart diseases.
With the focus of companies to develop technologically advanced guidewires and the rising death rate of heart diseases, it is believed that there will be increased demand for coronary guidewires in the future and the market will be witnessing high growth.
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