South and Central America Endoscopy Guidewire Market is expected to reach US$ 63.16 Million by 2028

PRESS RELEASE BY The Insight Partners 30 Aug 2021

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Stainless Steel Segment to Dominate SCAM Endoscopy Guidewire Market during 2020–2028

According to The Insight Partners market research study on “SCAM Endoscopy Guidewire Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Core Material and Application Area,” is expected to reach US$ 63.16 million by 2028 from US$ 46.85 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the SCAM endoscopy guidewire market along with the drivers and restraints pertaining to the market growth. Surge in patient preference for minimally invasive procedures is the major factor driving the growth of the SCAM endoscopy guidewire market. However, concern of infections caused due to endoscopy and high cost of endoscopy procedures & equipment hinder the growth of SCAM endoscopy guidewire market.

Countries in Brazil, and Argentina are among the top destinations in the world for surgical procedures owing to the relatively low cost of treatments as compared to the US. The outbreak of COVID–19 have severely impacted the flow of medical services in the region. In addition, the countries are popular for medical tourism, which is also affected by the pandemic. Brazil, Argentina, Peru, Chile, Uruguay, and Colombia are affected by the second wave of corona infection. Among which Brazil has registered majority of the deaths. It is expected that the region is likely to impose second restrictions, which is expected to hamper the healthcare industry in the region. Moreover, countries are significantly dependable on the US and European countries for their medical resources. However, the evolving treatment procedures for the COVID19 in the region is expected to have and positive impact on the market in the region owing to the people are opting for their routine treatments and procedures.

The market for endoscopy guidewire market is segmented into type, core material, application, and country. Based on type, the market is segmented into monofilament, coiled, coated. In 2020, the coated segment held the largest share SCAM endoscopy guidewire market. Based on core material, the market is divided into stainless steel and nitinol. In 2020, the stainless steel segment held the largest share SCAM endoscopy guidewire market. Based on application, the market is segmented into diagnostics and therapeutic. In 2020, the diagnostics segment held the largest share SCAM endoscopy guidewire market. Similarly, based on country, the market is bifurcated into Brazil, Argentina, RoSCAM. Brazil contributed a substantial share in 2020. 

Boston Scientific Corporation; CONMED Corporation; HOBBS MEDICAL INC; Medtronic; Merit Medical Systems Inc; and Olympus Corporation; are among the leading companies in the SCAM endoscopy guidewire market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, Olympus Corporation, among the technology leaders in designing and delivering innovative solutions for medical and surgical procedures, the availability of several new endoscopic therapeutic devices, in the Digestive Disease Week conference in Chicago, Ill.

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