The MarketWatch News Department was not involved in the creation of this content.
Jan 08, 2021 (The Expresswire) —
An increasing number of hospitals to act in favor of the growth of the globalultrafine tungsten wirefor medical application market. Recently Fortune Business Insights published a report titled, “Ultrafine Tungsten Wire for Medical Applications Market Size, Share and Global Trend by Application and Geography Forecast till 2025”. According to the report in 2017, the global ultrafine tungsten wire for medical application market was Worth US$ 36.1 Mn. The Global Market is anticipated to progress at a CAGR of 7.4% and reach US$ 63.5 Mn by the end of 2025. The report classifies the global ultrafine tungsten wire for medical application market in various segments and offers a comprehensive overview.
To Gain More Insights into the Ultrafine Tungsten Wire Market, Browse Summary of the Research Report –https://www.fortunebusinessinsights.com/industry-reports/ultrafine-tungsten-wire-market-100167
As per the report in 2017, North America was dominated by the global ultrafine tungsten wire for medical application market. The North America market was valued at US$ 15.8 Mn in 2017. The trend is unlikely to change and North America is expected to dominate the global market through the forecast period. The growth witnessed is attributable to the increasing demand for ultrafine medical-grade tungsten wire in the region for surgical robots and electrosurgery. The ultrafine tungsten wire for medical application market in Asia Pacific is foreseen to expand at relatively higher CAGR during the forecast period. The high presence of tungsten reserves in the region is expected to drive the Asia Pacific ultrafine tungsten wire for medical application market.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.Please visit:https://www.fortunebusinessinsights.com/enquiry/covid19-impact/ultrafine-tungsten-wire-market-100167
Analysis by Top Key Players:
- Elmet Technologies,
- Sumitomo Electric USA,
- California Fine Wire Company,
- Ulbrich Stainless Steels and Special Metals Inc.,
- American Elements,
- Metal Cutting Corporation
Request a Sample Copy for more detailed Ultrafine Tungsten Wire Market Overview-https://www.fortunebusinessinsights.com/enquiry/sample/ultrafine-tungsten-wire-market-100167
“Electro Surgery Segment to Emerge Dominant in Global Market”
In terms of application, the stent segment accounted for 6.9% of the global market in 2017. During the forecast period, 2018-2025 the electrosurgery segment is expected to emerge dominant in the global ultrafine tungsten wire for medical application market. The growth witnessed is attributable to the increasing consumption of tungsten wire in specialized electrostimulation procedures such as stimulation and probing. This is likely to propel the demand for ultrafine tungsten wire. However, the surgical robot segment is expected to be the fastest-growing segment during the forecast period. The adoption of tungsten wire among surgical robot developers is very high due to tungsten’s distinctive features. Tungsten wire is used in the robot’s arms as a replacement of metal wire. Deployment of wire in the robot’s arm allows it to gain flexible arm movement, enhanced grasping ability, and others. Tungsten wire is less prone to thermal stress, therefore it may help to offer a longer service life of the robot. This is anticipated to boost the global ultrafine tungsten wire for medical application market.
Major Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology and Assumptions
- Executive Summary
- Market Drivers
- Market Restraints
- Market Opportunities
- Global Market Overview
- Key Market Indicators
- Emerging Market Trends
- Macro and Micro Economic Factors
Tungsten Wire Manufacturing Cost Structure Analysis
- Production Process Analysis
- Manufacturing Cost Structure of Tungsten Wire
- Raw Material Cost of Tungsten Wire
- Labour Cost of Tungsten Wire
- Industry SWOT Analysis
Global Ultrafine Tungsten Wire Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
Market Analysis, Insights and Forecast By Application
- Medical/ Surgical Robots
- Guide Wire
- Electro Surgery
- Others (Proton Beam Therapy, Electro-cauterization etc.)
- Market Analysis, Insights and Forecast By Geography
Factors anticipated to drive the global ultrafine tungsten wire for medical application market are declining prices of tungsten wire and increasing applicability of tungsten wire among medical procedures.
However, the high cost associated with tungsten wire is likely to restrain the global ultrafine tungsten wire for medical application market during the forecast period 2018-2025.
“Adoption of Advanced Technology to Increase Growth Rate”
Adoption of advanced manufacturing technology by market players in the cable and wire industry and entry of new players in the global ultrafine tungsten wire for medical application market is likely to impact the market position of existing players. Some of the companies operating in the global ultrafine tungsten wire for medical application market are Elmet Technologies, Sumitomo Electric USA, California Fine Wire Company, Ulbrich Stainless Steels and Special Metals Inc., American Elements, Tungsram, and Metal Cutting Corporation.
Purchase Full Report for Exclusive Ultrafine Tungsten Wire Market Growth Forecast –https://www.fortunebusinessinsights.com/checkout-page/100167
Other Exclusive Reports:
Engine Driven Welders Marketto Reach US$ 1402.4 Mn by 2026; Investment towards Expansion of Existing Infrastructure to Support Growth
GlobalCross Roller Bearings MarketProjected to Reach US$ 1,519.9 Mn by 2026; Emergence of Robots and Smart Factories to Fuel Growth
GlobalPower Distribution Unit Marketto Surge at 6.7% CAGR, Schneider Electric, Tripp Lite, Leviton Manufacturing Co. Inc.
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123ac
APAC : +91 744 740 1245
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Ultrafine Tungsten Wire Market for Medical Applications by Market Sales and Revenue by Companies, Regions, Type and Application till 2025
The MarketWatch News Department was not involved in the creation of this content.