Market Overview:
The global nitinol stents market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of cardiovascular diseases and other medical conditions that require the use of stents. In addition, technological advancements in the field of nitinol stents are also contributing to the growth of this market. The global nitinol stents market is segmented on the basis of type, application, and region. On the basis of type, it is divided into heart stent, esophageal stent, respiratory stent, and others. The heart Stent segment accounted for a major share in 2017 and is projected to grow at a CAGR of 7% during 2018-2030 owing to increase in prevalence rates for coronary artery diseases (CAD) across all regions worldwide. By application, it is classified into cardiovascular applications and gastrointestinal applications among which cardiovascular applications held majority share in 2017 with estimated revenue contribution more than US$ 1 Bn by 2030 end due To rising geriatric population susceptible towards CAD globally coupled with growing preference for minimally invasive surgeries over traditional open-heart surgeries will fuel demand for cardiac Nitinol Stents over next decade .On regional basis North America commanded largest revenue share followed by Europe Nitinol StENTS Market In terms Of Revenue And Is Expected To Grow At A CAGR OF 6 .
Product Definition:
Nitinol Stents are tiny tubes made from a nickel-titanium alloy. They can be inserted into blood vessels to keep them open. Nitinol stents are important because they are very flexible and can expand in response to heat, which makes them ideal for use in the body.
Heart Stent:
A heart stent is a device used to clear a blocked artery. It is an expandable metallic scaffold that is inserted into the blood vessel and helps in restoring blood flow through the affected artery. The most common use of heart stents are for treating coronary artery disease, but it can also be used for removing blockages in other arteries such as renal, carotid or mesenteric arteries.
Esophageal Stent:
Esophageal stent is a device used to treat heartburn or acid reflux. It works by creating a small channel through which food and acids can pass more easily. This allows the stomach to empty itself more quickly, thereby reducing the time for symptoms such as heartburn and indigestion.
Application Insights:
Nitinol stents are used in various applications including cardiovascular, gastroenterology, orthopedics and others. The other application segment includes urology and gynecology. In 2017, the gastroenterology segment dominated the market for nitinol stents with a revenue of over USD 200 million owing to increasing incidence of colorectal cancer as well as Crohn¢â‚¬â„¢s disease and ulcerative colitis which calls for surgical intervention. Nitinol stent is also used in cardiology to treat heart conditions such as blocked arteries or coronary artery disease which requires open-heart surgery. Thus, rising prevalence of diseases such as cancer along with high demand for open heart surgeries is expected to drive the demand for nitinol stents during the forecast period (2018 ¢â‚¬² 2030).
Regional Analysis:
North America dominated the global nitinol stents market in 2017. This is attributed to increasing R&D investments by government and private entities, high adoption of advanced medical devices, and presence of well-established healthcare infrastructure. Moreover, favorable reimbursement policies for the use of nitinol stents are also expected to drive growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare facilities & infrastructure coupled with rising patient awareness levels regarding available treatment options.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Rising geriatric population
- Growing demand for minimally invasive procedures
- Technological advancements in nitinol stents technology
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Stents Market Research Report
By Type
Heart Stent, Esophageal Stent, Respiratory Stent, Others
By Application
Cardiovascular, Gastroenterology, Other
By Companies
Medtronic, Abbott, Boston Scientific, TERUMO, Cordis, B. Braun, Biotronik, Stryker, Acandis, ELLA-CS, 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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Stents Market Report Segments:
The global Nitinol Stents market is segmented on the basis of:
Types
Heart Stent, Esophageal Stent, Respiratory Stent, 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
Cardiovascular, Gastroenterology, 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
- Abbott
- Boston Scientific
- TERUMO
- Cordis
- B. Braun
- Biotronik
- Stryker
- Acandis
- ELLA-CS
- Medtronic
Highlights of The Nitinol Stents 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:
- Heart Stent
- Esophageal Stent
- Respiratory Stent
- Others
- By Application:
- Cardiovascular
- Gastroenterology
- 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 Stents 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 Stents are a type of medical device that is made from Nitinol, which is a metal alloy that has been treated with a special process to make it strong and flexible. Nitinol Stents are used to help open up blocked arteries in the body, and they can be inserted into the artery using an endoscope.
Some of the key players operating in the nitinol stents market are Medtronic, Abbott, Boston Scientific, TERUMO, Cordis, B. Braun, Biotronik, Stryker, Acandis, ELLA-CS, Medtronic.
The nitinol stents market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitinol Stents 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 Stents Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Nitinol Stents 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 Stents 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 Stents Market Size & Forecast, 2018-2028 4.5.1 Nitinol Stents Market Size and Y-o-Y Growth 4.5.2 Nitinol Stents Market Absolute $ Opportunity
Chapter 5 Global Nitinol Stents 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 Stents Market Size Forecast by Type
5.2.1 Heart Stent
5.2.2 Esophageal Stent
5.2.3 Respiratory Stent
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nitinol Stents 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 Stents Market Size Forecast by Applications
6.2.1 Cardiovascular
6.2.2 Gastroenterology
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitinol Stents 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 Stents 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 Stents Analysis and Forecast
9.1 Introduction
9.2 North America Nitinol Stents 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 Stents Market Size Forecast by Type
9.6.1 Heart Stent
9.6.2 Esophageal Stent
9.6.3 Respiratory Stent
9.6.4 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 Stents Market Size Forecast by Applications
9.10.1 Cardiovascular
9.10.2 Gastroenterology
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 Nitinol Stents Analysis and Forecast
10.1 Introduction
10.2 Europe Nitinol Stents 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 Stents Market Size Forecast by Type
10.6.1 Heart Stent
10.6.2 Esophageal Stent
10.6.3 Respiratory Stent
10.6.4 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 Stents Market Size Forecast by Applications
10.10.1 Cardiovascular
10.10.2 Gastroenterology
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 Nitinol Stents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nitinol Stents 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 Stents Market Size Forecast by Type
11.6.1 Heart Stent
11.6.2 Esophageal Stent
11.6.3 Respiratory Stent
11.6.4 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 Stents Market Size Forecast by Applications
11.10.1 Cardiovascular
11.10.2 Gastroenterology
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 Nitinol Stents Analysis and Forecast
12.1 Introduction
12.2 Latin America Nitinol Stents 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 Stents Market Size Forecast by Type
12.6.1 Heart Stent
12.6.2 Esophageal Stent
12.6.3 Respiratory Stent
12.6.4 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 Stents Market Size Forecast by Applications
12.10.1 Cardiovascular
12.10.2 Gastroenterology
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) Nitinol Stents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nitinol Stents 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 Stents Market Size Forecast by Type
13.6.1 Heart Stent
13.6.2 Esophageal Stent
13.6.3 Respiratory Stent
13.6.4 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 Stents Market Size Forecast by Applications
13.10.1 Cardiovascular
13.10.2 Gastroenterology
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 Stents Market: Competitive Dashboard
14.2 Global Nitinol Stents 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 Cordis
14.3.6 B. Braun
14.3.7 Biotronik
14.3.8 Stryker
14.3.9 Acandis
14.3.10 ELLA-CS
14.3.11 Medtronic