Increasing Preference for Minimally Invasive Procedures to Propel the Growth of the GI Endoscopic

BUFFALO, N.Y. - Nov. 2, 2021 - PRLog -- The global GI endoscopic guidewire market is likely to reach USD 584 million by 2027, growing at a CAGR of 7.3% over the forecast period (2021-2027) according to QuantAlign Research. Growing geriatric population, increasing adoption of minimally invasive therapies and presence of favorable medical reimbursement policies are projected to boost the market demand over the forecast period.

Endoscopic is a nonsurgical procedure that is used to examine a person's digestive tract. It includes the insertion of a long, thin tube directly into the body to observe an internal organ or tissue in detail. It can also be used to carry out other tasks including imaging and minor surgery. Guidewires have become indispensable tools in diagnostic and therapeutic endoscopic in order to maintain access to a lumen or cavity and to facilitate advancement of several devices. These are usually used for the advancement of rigid and balloon dilators, feeding tubes, manometry catheters, stents, and during transmucosal pseudocyst drainage in the upper GI endoscopic.

Key insights:

• Nitinol segment held the major share of the market in 2020, and the trend is expected to continue over the forecast period
• Upper-GI endoscopic was the largest segment in 2020, and is likely to witness a significant CAGR from 2021-2027
• North America held the majority share of the global market in 2020, however Asia-Pacific is expected to grow at the fastest CAGR over the forecast period

Key questions Answered in the report:

• What is the current total market consumption, and projected CAGR for the global GI endoscopic guidewire market from 2021 to 2027?
• Who are the major players in the global GI endoscopic guidewire market?
• What shares do the major regional markets occupy?
• On what basis is the market segmented?
• How has the global market for GI endoscopic guidewire performed, and what are its key drivers?
• What would be influence of the emerging trends in global GI endoscopic guidewire industry?
• What is the degree of competition in the global endoscopic guidewire market?
• What are the key strategies adopted by the players operating in the global endoscopic guidewire market?
• What has been the impact of COVID-19 on the entire supply chain of global endoscopic guidewire market?

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