Market Overview:
The global nitinol guidewires 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. By type, the 0.014 inch segment is expected to account for the largest share of the global nitinol guidewires market in 2018, followed by the 0.018 inch and 0.035 inch segments. By application, urology is expected to account for the largest share of the global nitinol guidewires market in 2018, followed by other applications such as neurology and cardiology.
Product Definition:
Nitinol guidewires are wires made of nickel and titanium, which can be bent and then will return to their original shape. Nitinol guidewires are used to help guide other medical instruments through the body during a procedure.
0.014 inch:
0.014 inch is a standard pitch in the nitinol guidewires market. It means that every 0.014 inches there will be a complete wire of any shape or form wound around the spool and ready to use for surgery purpose, which can be used by medical practitioners for various surgical procedures like angioplasty, cardiac electrophysiology testing (testing), neurosurgery (neurological operations), ophthalmic surgery and others.
0.018 inch:
0.018 inch is a standard gauge used for measuring the inner diameter of tubes and pipes in medical and surgical instruments.
Application Insights:
The others segment includes cardiovascular, neurosurgery, orthopedic and urology. The use of nitinol guidewires in the field of urology is expected to witness a CAGR of XX% from 2018 to 2030 owing to its benefits such as reduced risk of blood clotting after surgery and faster healing process. In addition, nitinol guidewires are also used for various other applications such as neurosurgery due to its excellent biocompatibility properties which help reduce any kind of inflammation at the site where it is implanted.
Nitinol guidewires are widely used in cardiovascular procedures due to their ability to reduce blood pressure by increasing peripheral circulation without causing harm or discomfort to the patient¢â‚¬â„¢s body tissues or organs because they have no metal component attached with them like stainless steel wires do.
Regional Analysis:
North America dominated the global nitinol guidewires market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing incidence of urological disorders, rising geriatric population, and high per capita disposable income in the U.S.
Asia Pacific is anticipated to grow at a lucrative rate during the forecast period owing to factors such as improving healthcare infrastructure with an increase in government spending on medical care along with growing awareness about various treatment options leading towards better diagnosis.
The key players operating in this industry are Abbott; AngioDynamics, Inc.
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 advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Nitinol guidewires are an essential part of many minimally invasive procedures and are thus likely to benefit from this growth trend.
- Technological advancements: The nitinol guidewire market is constantly evolving with new technological advancements being introduced on a regular basis. This has led to the development of products that are more efficient and easier to use, thereby increasing their adoption rates among surgeons worldwide.
- Growing demand for cardiovascular treatments: Cardiovascular diseases are one of the leading causes of death globally and account for a significant proportion of healthcare spending each year. As such, there is growing demand for innovative technologies that can help improve patient outcomes in this area. Nitinol guidewires have been shown to be effective in treating various cardiovascular conditions and thus stand to benefit from this trend as well..
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Guidewires Market Research Report
By Type
0.014 inch, 0.018 inch, 0.035 inch, 0.038 inch, Others
By Application
Urology, Others
By Companies
Medtronic, Abbott, Boston Scientific, TERUMO, BD, Medtronic
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Guidewires Market Report Segments:
The global Nitinol Guidewires market is segmented on the basis of:
Types
0.014 inch, 0.018 inch, 0.035 inch, 0.038 inch, 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
Urology, 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:
- Medtronic
- Abbott
- Boston Scientific
- TERUMO
- BD
- Medtronic
Highlights of The Nitinol Guidewires 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:
- 0.014 inch
- 0.018 inch
- 0.035 inch
- 0.038 inch
- Others
- By Application:
- Urology
- 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 Guidewires 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 guidewires are a type of medical device that are made from a strong, lightweight metal alloy called nitinol. Nitinol is often used in surgical implants because it is strong and can resist corrosion. Nitinol guidewires are inserted into the body through small incisions to help surgeons navigate around difficult areas or to provide support during surgery.
Some of the major companies in the nitinol guidewires market are Medtronic, Abbott, Boston Scientific, TERUMO, BD, Medtronic.
The nitinol guidewires 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 Guidewires 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 Guidewires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitinol Guidewires 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 Guidewires 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 Guidewires Market Size & Forecast, 2018-2028
4.5.1 Nitinol Guidewires Market Size and Y-o-Y Growth
4.5.2 Nitinol Guidewires Market Absolute $ Opportunity
Chapter 5 Global Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
5.2.1 0.014 inch
5.2.2 0.018 inch
5.2.3 0.035 inch
5.2.4 0.038 inch
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitinol Guidewires 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 Guidewires Market Size Forecast by Applications
6.2.1 Urology
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol Guidewires 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 Guidewires 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 Guidewires Analysis and Forecast
9.1 Introduction
9.2 North America Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
9.6.1 0.014 inch
9.6.2 0.018 inch
9.6.3 0.035 inch
9.6.4 0.038 inch
9.6.5 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 Nitinol Guidewires Market Size Forecast by Applications
9.10.1 Urology
9.10.2 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 Guidewires Analysis and Forecast
10.1 Introduction
10.2 Europe Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
10.6.1 0.014 inch
10.6.2 0.018 inch
10.6.3 0.035 inch
10.6.4 0.038 inch
10.6.5 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 Nitinol Guidewires Market Size Forecast by Applications
10.10.1 Urology
10.10.2 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 Guidewires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
11.6.1 0.014 inch
11.6.2 0.018 inch
11.6.3 0.035 inch
11.6.4 0.038 inch
11.6.5 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 Nitinol Guidewires Market Size Forecast by Applications
11.10.1 Urology
11.10.2 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 Guidewires Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
12.6.1 0.014 inch
12.6.2 0.018 inch
12.6.3 0.035 inch
12.6.4 0.038 inch
12.6.5 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 Nitinol Guidewires Market Size Forecast by Applications
12.10.1 Urology
12.10.2 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 Guidewires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitinol Guidewires 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 Guidewires Market Size Forecast by Type
13.6.1 0.014 inch
13.6.2 0.018 inch
13.6.3 0.035 inch
13.6.4 0.038 inch
13.6.5 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) Nitinol Guidewires Market Size Forecast by Applications
13.10.1 Urology
13.10.2 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 Guidewires Market: Competitive Dashboard
14.2 Global Nitinol Guidewires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Abbott
14.3.3 Boston Scientific
14.3.4 TERUMO
14.3.5 BD
14.3.6 Medtronic
