Market Overview:
The global medical fine metal wire market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, technological advancements in the medical field are also contributing to the growth of this market. Based on type, stainless steel is expected to account for the largest share of the global medical fine metal wire market in 2018. This can be attributed to its properties such as resistance against corrosion and high strength-to-weight ratio. By application, vascular therapy is expected to account for the largest share of this market in 2018 owing to its growing use in minimally invasive surgeries across different regions worldwide.
Product Definition:
Medical Fine Metal Wire is a type of wire that is used in medical applications. It is made from a variety of metals, including stainless steel, titanium, and platinum. Medical Fine Metal Wire has a number of important applications in the medical field, including use in implants and surgical tools.
Stainless Steel:
Stainless steel is a type of alloy which consists of iron, chromium, nickel and titanium. It has various beneficial properties such as high corrosion resistance, high tensile strength and flexibility. These wires have applications in medical devices for tissue/cell culture procedures where they are used to deliver an electric current to the cells or tissues without causing any damage due to their flexible nature.
Nitinol:
It has superior properties such as high tensile strength and good fatigue resistance when compared to other materials used for spinal implants. Nitinol wires are available in different forms such as preformed shapes and custom made wires which are manufactured according to the requirements given by surgeons during surgery.
Application Insights:
The global demand for medical fine metal wires is expected to witness significant growth on account of its increasing use in various applications including vascular therapy, endoscopics, orthodontics, orthopedics and surgical enclosure. In addition, the product finds application in various other sectors such as dentistry and ENT surgery. The segment accounted for a market share of 22% in terms of revenue in 2017 owing to wide scope of application across different medical procedures.
Vascular therapy is anticipated to be the fastest growing segment over the forecast period owing to rising number of cardiovascular diseases coupled with an increase in population susceptible to cardiovascular diseases globally. Moreover, an increase in per capita disposable income has resulted into increased spending on health care services which further drives product demand during this period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing product demand for its applications in endoscopy and orthopedics procedures along with other surgical procedures. In addition, rising prevalence of cardiovascular diseases and growing use of medical devices are also anticipated to drive growth during the forecast period.
Asia Pacific is expected to be one of fastest-growing regions during the same period owing to rapid economic development coupled with increased healthcare spending by governments across various countries including China, India, Thailand among others are driving regional growth.
Growth Factors:
- Increasing demand for medical implants and devices
- Rising prevalence of chronic diseases
- Technological advancements in medical devices industry
- Growing awareness about benefits of using medical fine metal wire products
- Increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Fine Metal Wire Market Research Report
By Type
Stainless Steel, Nitinol, Tungsten, Silver, Gold, Others
By Application
Vascular Therapy, Endoscopics, Orthodontics, Orthopedics, Surgical Enclosure, Others
By Companies
Elmet Technologies, California Fine Wire Company, Loos & Co. Inc., Sandvik, Central Wire, Haynes International, Prince Izant Company, Elektrisola, SADEV Group, Fort Wayne Metals Research Products, TOKUSEN KOGYO, Suqian Medix Alloy, KOSWIRE, Jiangyin Haolu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Medical Fine Metal Wire Market Report Segments:
The global Medical Fine Metal Wire market is segmented on the basis of:
Types
Stainless Steel, Nitinol, Tungsten, Silver, Gold, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vascular Therapy, Endoscopics, Orthodontics, Orthopedics, Surgical Enclosure, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Elmet Technologies
- California Fine Wire Company
- Loos & Co. Inc.
- Sandvik
- Central Wire
- Haynes International
- Prince Izant Company
- Elektrisola
- SADEV Group
- Fort Wayne Metals Research Products
- TOKUSEN KOGYO
- Suqian Medix Alloy
- KOSWIRE
- Jiangyin Haolu
Highlights of The Medical Fine Metal Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Nitinol
- Tungsten
- Silver
- Gold
- Others
- By Application:
- Vascular Therapy
- Endoscopics
- Orthodontics
- Orthopedics
- Surgical Enclosure
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Fine Metal Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical Fine Metal Wire is a type of wire that is used in medical procedures. It is made from a variety of metals, including copper, silver, and gold. This wire is often used to carry electrical current or to connect medical devices together.
Some of the key players operating in the medical fine metal wire market are Elmet Technologies, California Fine Wire Company, Loos & Co. Inc., Sandvik, Central Wire, Haynes International, Prince Izant Company, Elektrisola, SADEV Group, Fort Wayne Metals Research Products, TOKUSEN KOGYO, Suqian Medix Alloy, KOSWIRE, Jiangyin Haolu.
The medical fine metal wire market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Fine Metal Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Fine Metal Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Fine Metal Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Fine Metal Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Fine Metal Wire Market Size & Forecast, 2020-2028
4.5.1 Medical Fine Metal Wire Market Size and Y-o-Y Growth
4.5.2 Medical Fine Metal Wire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Nitinol
5.2.3 Tungsten
5.2.4 Silver
5.2.5 Gold
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Vascular Therapy
6.2.2 Endoscopics
6.2.3 Orthodontics
6.2.4 Orthopedics
6.2.5 Surgical Enclosure
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Fine Metal Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Fine Metal Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Nitinol
9.6.3 Tungsten
9.6.4 Silver
9.6.5 Gold
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Vascular Therapy
9.10.2 Endoscopics
9.10.3 Orthodontics
9.10.4 Orthopedics
9.10.5 Surgical Enclosure
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Nitinol
10.6.3 Tungsten
10.6.4 Silver
10.6.5 Gold
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Vascular Therapy
10.10.2 Endoscopics
10.10.3 Orthodontics
10.10.4 Orthopedics
10.10.5 Surgical Enclosure
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Nitinol
11.6.3 Tungsten
11.6.4 Silver
11.6.5 Gold
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Vascular Therapy
11.10.2 Endoscopics
11.10.3 Orthodontics
11.10.4 Orthopedics
11.10.5 Surgical Enclosure
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Nitinol
12.6.3 Tungsten
12.6.4 Silver
12.6.5 Gold
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Vascular Therapy
12.10.2 Endoscopics
12.10.3 Orthodontics
12.10.4 Orthopedics
12.10.5 Surgical Enclosure
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Nitinol
13.6.3 Tungsten
13.6.4 Silver
13.6.5 Gold
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Vascular Therapy
13.10.2 Endoscopics
13.10.3 Orthodontics
13.10.4 Orthopedics
13.10.5 Surgical Enclosure
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Fine Metal Wire Market: Competitive Dashboard
14.2 Global Medical Fine Metal Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elmet Technologies
14.3.2 California Fine Wire Company
14.3.3 Loos & Co. Inc.
14.3.4 Sandvik
14.3.5 Central Wire
14.3.6 Haynes International
14.3.7 Prince Izant Company
14.3.8 Elektrisola
14.3.9 SADEV Group
14.3.10 Fort Wayne Metals Research Products
14.3.11 TOKUSEN KOGYO
14.3.12 Suqian Medix Alloy
14.3.13 KOSWIRE
14.3.14 Jiangyin Haolu
