Market Overview:
The global nitinol-based guide wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of cardiovascular diseases. Nitinol-based guide wires are used in various applications such as hospital, clinics, and other applications. The North American region dominates the global nitinol-based guide wire market followed by Europe and Asia Pacific.
Product Definition:
Nitinol-based guide wire is a type of medical device that is used to help doctors navigate through the blood vessels and other body pathways. The wire is made from a nickel-titanium alloy, which allows it to be flexible and withstand high temperatures. This makes it an ideal choice for use in minimally invasive procedures.
Angled:
The global angled, it's usage and growth factor in nitinol-based guide wire market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand for minimally invasive procedures due to associated benefits such as ease of use, flexibility, reduced risk during surgery along with high accuracy & precision.
J Shape:
The J-shaped or double L-shaped nitinol guide wire is a type of medical device used for guiding surgical instruments during laparoscopic procedures. The shape of the nitinol guide wire allows it to be inserted through small openings in the abdominal wall and helps surgeons reach internal organs located deep inside the abdomen.
Nitinol, also known as nickel-titanium alloy, is a metal alloy of approximately 60% titanium.
Application Insights:
The other application segment dominated the global nitinol-based guide wire market in terms of revenue share in 2017. This is attributed to rising product demand for various applications, such as vascular and soft tissue repair. Nitinol based wires are used as a graft material for coronary artery bypass grafting procedures and they have been found to be an ideal solution due to their biocompatibility, low cost and ease of use.
Nitinol wires can be used in place of sutures or staples during cardiac surgery which reduces postoperative pain & allows early mobility after healing has completed.
Regional Analysis:
North America dominated the global nitinol-based guide wire market in 2017. This is attributed to increasing R&D investments by government and private entities, high adoption of advanced medical devices, and favorable reimbursement scenario. Moreover, rising number of minimally invasive surgeries are expected to boost product demand in this region. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure coupled with growing awareness about advanced products such as nitinol-based wires among surgeons & patients.
Latin America also presents significant growth opportunities for Nitinol Wire based Market on account of low penetration rate and high unmet needs especially in Brazil where a large population base remains untreated leading towards an enormous burden on public health systems thereby driving regional market growth over the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the benefits offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Nitinol-based guide wires are increasingly being used in these procedures as they offer several advantages over other materials such as stainless steel or plastic.
- Growing popularity of self-expanding stents: A self-expanding stent is a type of medical device that expands after it has been implanted in the body cavity, which helps keep the vessel open and prevents it from collapsing again. Nitinol-based guide wires are often used in conjunction with self-expanding stents as they offer excellent flexibility and conformability compared to other materials like stainless steel or titanium alloys. This has helped boost the popularity of nitinol-based guide wires among surgeons worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol-based Guide Wire Market Research Report
By Type
Angled, J Shape, Straight
By Application
Hospital, Clinics, Other
By Companies
Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO, C. R. Bard, Cordis, Cook Medical, B. Braun, Biotronik, Stryker, JOTEC, MicroPort, Acandis, ELLA-CS
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
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol-based Guide Wire Market Report Segments:
The global Nitinol-based Guide Wire market is segmented on the basis of:
Types
Angled, J Shape, Straight
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
Hospital, Clinics, Other
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:
- Medtronic
- Edwards Lifesciences
- Abbott
- Boston Scientific
- TERUMO
- C. R. Bard
- Cordis
- Cook Medical
- B. Braun
- Biotronik
- Stryker
- JOTEC
- MicroPort
- Acandis
- ELLA-CS
Highlights of The Nitinol-based Guide 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:
- Angled
- J Shape
- Straight
- By Application:
- Hospital
- Clinics
- Other
- 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 Nitinol-based Guide 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.
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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?
Nitinol-based guide wire is a type of medical device that is made from a nickel-titanium alloy. Nitinol has unique properties that make it an ideal material for medical devices, including its ability to resist corrosion and its ability to maintain shape even when under stress. This makes nitinol-based guide wire an attractive option for devices that need to be durable and reliable, such as cardiac stents or spinal implants.
Some of the key players operating in the nitinol-based guide wire market are Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO, C. R. Bard, Cordis, Cook Medical, B. Braun, Biotronik, Stryker, JOTEC, MicroPort, Acandis, ELLA-CS.
The nitinol-based guide wire market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitinol-based Guide 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 Nitinol-based Guide Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitinol-based Guide 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 Nitinol-based Guide 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 Nitinol-based Guide Wire Market Size & Forecast, 2020-2028
4.5.1 Nitinol-based Guide Wire Market Size and Y-o-Y Growth
4.5.2 Nitinol-based Guide 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 Angled
5.2.2 J Shape
5.2.3 Straight
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 Hospital
6.2.2 Clinics
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol-based Guide 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 Nitinol-based Guide 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 Angled
9.6.2 J Shape
9.6.3 Straight
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 Hospital
9.10.2 Clinics
9.10.3 Other
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 Angled
10.6.2 J Shape
10.6.3 Straight
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 Hospital
10.10.2 Clinics
10.10.3 Other
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 Angled
11.6.2 J Shape
11.6.3 Straight
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 Hospital
11.10.2 Clinics
11.10.3 Other
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 Angled
12.6.2 J Shape
12.6.3 Straight
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 Hospital
12.10.2 Clinics
12.10.3 Other
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 Angled
13.6.2 J Shape
13.6.3 Straight
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 Hospital
13.10.2 Clinics
13.10.3 Other
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 Nitinol-based Guide Wire Market: Competitive Dashboard
14.2 Global Nitinol-based Guide Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Edwards Lifesciences
14.3.3 Abbott
14.3.4 Boston Scientific
14.3.5 TERUMO
14.3.6 C. R. Bard
14.3.7 Cordis
14.3.8 Cook Medical
14.3.9 B. Braun
14.3.10 Biotronik
14.3.11 Stryker
14.3.12 JOTEC
14.3.13 MicroPort
14.3.14 Acandis
14.3.15 ELLA-CS
