Market Overview:
The global nitinol medical devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. Nitinol medical devices are used in various applications such as vascular, orthopedic & dental, and others. The growth of the global nitinol medical devices market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of cardiovascular diseases (CVDs). The vascular application segment is expected to dominate the global nitinol medical devices market during the forecast period owing to the increasing demand for stents and guidewires. The orthopedic & dental application segment is projected to grow at a high CAGR during the forecast period due to rising geriatric population and growing awareness about advanced treatment options for various bone disorders. Geographically, North America dominates the global nitinol medical devices market followed by Europe.
Product Definition:
Nitinol medical devices are made from a nickel-titanium alloy that is designed to be flexible and durable. These devices are used in a variety of applications, including stents, catheters, and clips. Nitinol medical devices have been shown to be more resistant to fatigue and damage than traditional metal alloys, making them ideal for use in medical applications.
Stents:
Stents are medical devices used to treat blocked or restricted blood vessels. Stents are small, hollow tubes made of metal or plastic that is inserted into the affected blood vessel to unblock it. Stent placement helps restore normal blood flow and prevents a stroke or heart attack.
Guidewires:
Guidewires are thin, flexible tubes made from a metal or plastic alloy that is coated with a chemical-resistant film. They are used for medical procedures where direct visualization of the blood vessels is required. The guidewire can be inserted into the body through the skin and then passed inside the blood vessel to monitor or treat it.
Application Insights:
The others segment held the largest market share in 2017 and is anticipated to grow at a CAGR exceeding 7% from 2018 to 2030. The growth can be attributed to increasing demand for nitinol products in applications, such as orthopedic & dental, vascular, and others. In addition, the product has numerous potential uses across multiple medical fields which include stents and wires among others.
Nitinol-based devices have been proven effective in treating diseases related with cardiovascular system such as heart valve problems or leaks due to scarring after surgery or a heart attack. It also helps reduce blood pressure levels by relaxing muscles throughout the body thus lowering anxiety levels during surgeries where anesthesia is used for pain management.
Regional Analysis:
North America dominated the global nitinol medical devices market in 2017. This can be attributed to increasing R&D investments by prominent players, rising adoption of advanced technologies and high healthcare expenditure in the region. In addition, growing number of clinical trials for new products is expected to drive growth during the forecast period. Asia Pacific is estimated to witness lucrative CAGR over the coming years due to factors such as improving healthcare infrastructure and economic development in emerging countries like India and China.
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 surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Nitinol medical devices are well-suited for use in minimally invasive procedures and are thus likely to benefit from this trend.
- Growing prevalence of cardiovascular diseases: Cardiovascular diseases are the leading cause of death worldwide, accounting for 31% of all deaths in 2013. The number of people affected by cardiovascular diseases is expected to increase significantly in the coming years due to population growth and aging populations. This will create a large pool of potential patients who could benefit from treatment with nitinol medical devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Medical Devices Market Research Report
By Type
Stents, Guidewires, Others
By Application
Vascular, Orthopedic & Dental, Others
By Companies
Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO, C. R. Bard, Cordis, Cook Medical, B. Braun, Biotronik, Medtronic, JOTEC, Lombard Medical, 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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Medical Devices Market Report Segments:
The global Nitinol Medical Devices market is segmented on the basis of:
Types
Stents, Guidewires, 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, Orthopedic & Dental, 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
- Edwards Lifesciences
- Abbott
- Boston Scientific
- TERUMO
- C. R. Bard
- Cordis
- Cook Medical
- B. Braun
- Biotronik
- Medtronic
- JOTEC
- Lombard Medical
- Acandis
- ELLA-CS
Highlights of The Nitinol Medical Devices 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:
- Stents
- Guidewires
- Others
- By Application:
- Vascular
- Orthopedic & Dental
- 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 Medical Devices 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 medical devices are a type of implantable device made from a metal alloy that is strong but also flexible. Nitinol implants can be used to replace bones, tendons, and other tissues in the body. They are often used to treat conditions such as spinal cord injuries and arthritis.
Some of the major players in the nitinol medical devices market are Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO, C. R. Bard, Cordis, Cook Medical, B. Braun, Biotronik, Medtronic, JOTEC, Lombard Medical, Acandis, ELLA-CS.
The nitinol medical devices market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitinol Medical Devices 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 Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitinol Medical Devices 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 Medical Devices 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 Medical Devices Market Size & Forecast, 2020-2028
4.5.1 Nitinol Medical Devices Market Size and Y-o-Y Growth
4.5.2 Nitinol Medical Devices 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 Stents
5.2.2 Guidewires
5.2.3 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
6.2.2 Orthopedic & Dental
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol Medical Devices 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 Medical Devices 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 Stents
9.6.2 Guidewires
9.6.3 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
9.10.2 Orthopedic & Dental
9.10.3 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 Stents
10.6.2 Guidewires
10.6.3 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
10.10.2 Orthopedic & Dental
10.10.3 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 Stents
11.6.2 Guidewires
11.6.3 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
11.10.2 Orthopedic & Dental
11.10.3 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 Stents
12.6.2 Guidewires
12.6.3 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
12.10.2 Orthopedic & Dental
12.10.3 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 Stents
13.6.2 Guidewires
13.6.3 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
13.10.2 Orthopedic & Dental
13.10.3 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 Medical Devices Market: Competitive Dashboard
14.2 Global Nitinol Medical Devices 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 Medtronic
14.3.12 JOTEC
14.3.13 Lombard Medical
14.3.14 Acandis
14.3.15 ELLA-CS
