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According to urology guidewires industry analysis, the global urology guidewires market will grow at a CAGR of close to 7% during the forecast period. The growing demand for minimally invasive (MI) procedures and the surgical management of urinary stones is one of the key factors that will drive the urology guidewires market growth in the coming years. The number of urological surgeries has increased due to the growing preference for MI surgeries over open surgical methods.
Various MI procedures performed to treat urological disorders include prostatic stenting, holmium laser enucleation of the prostate (HoLEP), high-intensity focused ultrasound (HIFU), and transurethral electroporation of the prostate (TUVP). The emergence of MI procedures such as interstitial laser coagulation (ILC), transurethral needle ablation (TUNA), photoselective vaporization (PVP), transurethral microwave thermotherapy (TUMT), and catheterization will also increase the number of urological procedures in various healthcare units. This, in turn, will drive the need for urology guidewires during the estimated period to perform these urological procedures.
The growing awareness about the availability of various surgeries such as prostatectomy, nephrectomy, cystectomy, and pyeloplasty will drive the application for urology guidewires in the Americas until 2021. The dependence of surgeons on advanced devices such as guidewires, catheters, and retrieval devices to perform safe and accurate procedures will also boost the use of urology guidewires in this region.
The urology guidewires market is characterized by the presence of both local and global vendors. These vendors are introducing advanced designs to enhance their product portfolios and expand their customer base. Advancements in technology, product extensions, and an increase in mergers and acquisitions will strengthen the competitive environment of the ureteral guidewires market in the coming years.
The steel-based urology guidewires segment contributed to the maximum market shares of the ureteral guidewires market during 2016. The low friction properties of these guidewires reduce risks and complications during their retrieval. The adoption of stainless steel urology guidewires will continue to increase during the forecasted period because of their wide accessibility and shaft stiffness.
The majority of patients prefer hospitals over other healthcare centers since they closely work with reimbursement authorities and government organizations to obtain discounts for bulk purchases of urological guidewires. Urological procedures are conducted in the outpatient setting in large hospitals. Hospitals will continue to be the largest end-user of urological guidewires during the coming years since they are well-equipped with high-quality surgical instruments.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Competitive landscape
PART 13: Key vendor analysis
PART 14: Appendix
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