Market Overview:
The global nitinol catheter 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 incidence of cardiovascular diseases, technological advancements in nitinol catheters, and rising demand for minimally invasive procedures. Based on type, the global nitinol catheter market is segmented into vascular catheters, cardiac catheters, and other types. The vascular catheter segment is expected to account for the largest share of the global nitinol catheter market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to increasing demand for minimally invasive procedures and technological advancements in vascular devices such as stents and balloons. Based on application, the global nitinol catheter market is divided into hospitals, clinics, ambulatory surgery centers (ASCs), and others segments. The hospitals segment accounted for majority share of this market in 2017 owing high prevalence rate of cardiovascular diseases across globe coupled with rising number surgical interventions being performed within hospital settings globally .
Product Definition:
A nitinol catheter is a type of medical device that is used to access and treat various parts of the body. Nitinol is a nickel-titanium alloy that has unique properties, including the ability to flex and return to its original shape. This makes nitinol an ideal material for use in catheters, which can be bent and curved as needed to navigate through tight spaces in the body. Nitinol catheters are often used for procedures such as angiograms, where they are inserted into blood vessels to allow for the examination of internal organs or tissues.
Vascular Catheter:
A vascular catheter is a medical device used to introduce interventional therapies and diagnostic devices into blood vessels. The most common uses of vascular catheters are in angiography, cardiac electrophysiology testing, peripheral venous cannulation (PVC), and central venous cannulation (CVC).
Cardiac Catheter:
Cardiac catheter is a medical device used to treat heart failure, cardiac arrest or abnormal heart rhythms. It consists of a hollow tube made from highly flexible material such as nitinol (a nickel-titanium alloy), which can be inserted into the heart through the blood vessels and then connected to an external pump that helps in circulating blood in the body. The most common use of cardiac catheters is for treating coronary artery disease by opening blocked arteries and allowing blood flow.
Application Insights:
Based on application, the market is segmented into hospitals, clinics, ambulatory surgery centers and others. The other segment held the largest share of over 70% in 2017. Increasing number of cardiovascular procedures coupled with rising awareness about nitinol technology for coronary artery disease treatment is expected to drive demand over the forecast period.
Nitinol has been used extensively for cardiac applications as it helps in reducing blood loss during surgeries and reduces risk of infection due to its biocompatibility properties. It also helps reduce pain caused by pressure on nerve endings owing to its elasticity which eases recovery time after surgeries.
Regional Analysis:
North America dominated the global nitinol catheter market in 2017. This can be attributed to various factors such as favorable reimbursement policies, rising prevalence of chronic diseases, and increasing government initiatives & research funding for cardiovascular diseases. For instance, according to data published by National Center for Health Statistics (NCHS), in 2016 about 29% of adults suffered from heart disease or hypertension which resulted into increased number of cardiac procedures performed during the same year. Thus, a significant rise in demand for nitinol catheters is expected to drive the North American market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and growing target population base especially in India & China due to high birth rate and changing lifestyle habits resulting into an increase in cardiovascular disorders such as stroke and heart failure cases which will further boost product demand during the forecast years.
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 catheters are widely used in minimally invasive surgeries as they offer excellent maneuverability and steerability.
- Rising prevalence of cardiovascular diseases: The global prevalence of cardiovascular diseases is estimated to be around 17%. This number is projected to rise significantly in the next few years due to increasing aging population and changing lifestyles. Cardiovascular diseases are one of the leading causes of death worldwide and account for a significant proportion of healthcare costs. Nitinol catheters play an important role in the diagnosis and treatment of various cardiovascular conditions, thus driving market growth.
- one out every six people will be aged
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Catheter Market Research Report
By Type
Vascular Catheter, Cardiac Catheter, Other
By Application
Hospitals, Clinics, Ambulatory Surgery Centers, Others
By Companies
B. Braun Melsungen, C. R. Bard, Arthrex, Zimmer Biomet Holdings, Cook Medical, Medtronic, W. L. Gore & Associates, Terumo, Abbott Laboratories, Boston Scientific, Endosmart GmbH
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Catheter Market Report Segments:
The global Nitinol Catheter market is segmented on the basis of:
Types
Vascular Catheter, Cardiac Catheter, Other
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
Hospitals, Clinics, Ambulatory Surgery Centers, 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:
- B. Braun Melsungen
- C. R. Bard
- Arthrex
- Zimmer Biomet Holdings
- Cook Medical
- Medtronic
- W. L. Gore & Associates
- Terumo
- Abbott Laboratories
- Boston Scientific
- Endosmart GmbH
Highlights of The Nitinol Catheter 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:
- Vascular Catheter
- Cardiac Catheter
- Other
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- 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 Nitinol Catheter 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is a metal alloy that has been used in medical devices for over 50 years. Nitinol catheters are made of nitinol wire that is twisted into a helical shape. The nitinol wire is coated with a polymer and then heat-treated to make it strong and flexible. Nitinol catheters are used as an alternative to traditional metal catheters because they are less likely to cause infection, don't rust, and can be inserted through smaller veins than metal catheters.
Some of the major players in the nitinol catheter market are B. Braun Melsungen, C. R. Bard, Arthrex, Zimmer Biomet Holdings, Cook Medical, Medtronic, W. L. Gore & Associates, Terumo, Abbott Laboratories, Boston Scientific, Endosmart GmbH.
The nitinol catheter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitinol Catheter 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 Catheter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Nitinol Catheter 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 Catheter 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 Catheter Market Size & Forecast, 2018-2028 4.5.1 Nitinol Catheter Market Size and Y-o-Y Growth 4.5.2 Nitinol Catheter Market Absolute $ Opportunity
Chapter 5 Global Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Type
5.2.1 Vascular Catheter
5.2.2 Cardiac Catheter
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgery Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol Catheter 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 Catheter 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 Nitinol Catheter Analysis and Forecast
9.1 Introduction
9.2 North America Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Type
9.6.1 Vascular Catheter
9.6.2 Cardiac Catheter
9.6.3 Other
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 Nitinol Catheter Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgery Centers
9.10.4 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 Nitinol Catheter Analysis and Forecast
10.1 Introduction
10.2 Europe Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Type
10.6.1 Vascular Catheter
10.6.2 Cardiac Catheter
10.6.3 Other
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 Nitinol Catheter Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgery Centers
10.10.4 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 Nitinol Catheter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Type
11.6.1 Vascular Catheter
11.6.2 Cardiac Catheter
11.6.3 Other
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 Nitinol Catheter Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgery Centers
11.10.4 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 Nitinol Catheter Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitinol Catheter 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 Nitinol Catheter Market Size Forecast by Type
12.6.1 Vascular Catheter
12.6.2 Cardiac Catheter
12.6.3 Other
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 Nitinol Catheter Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgery Centers
12.10.4 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) Nitinol Catheter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitinol Catheter 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) Nitinol Catheter Market Size Forecast by Type
13.6.1 Vascular Catheter
13.6.2 Cardiac Catheter
13.6.3 Other
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) Nitinol Catheter Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgery Centers
13.10.4 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 Nitinol Catheter Market: Competitive Dashboard
14.2 Global Nitinol Catheter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B. Braun Melsungen
14.3.2 C. R. Bard
14.3.3 Arthrex
14.3.4 Zimmer Biomet Holdings
14.3.5 Cook Medical
14.3.6 Medtronic
14.3.7 W. L. Gore & Associates
14.3.8 Terumo
14.3.9 Abbott Laboratories
14.3.10 Boston Scientific
14.3.11 Endosmart GmbH