Market Overview:
The global nitinol stone extraction system 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 kidney stones, technological advancements in nitinol stone extraction systems, and rising demand for minimally invasive procedures. Based on type, the global nitinol stone extraction system market is segmented into 3-wire, 4-wire, and 6-wire systems. The 4-wire system segment is expected to account for the largest share of the global nitinol stone extraction system market in 2018. This segment is also projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. Based on application, hospitals are expected to account for the largest share of the global nitinol stone extraction system market in 2018 followed by clinics.
Product Definition:
A Nitinol Stone Extraction System is a surgical device used to remove stones from the urinary tract. It consists of a nitinol wire loop that is inserted into the urinary tract and used to grab the stone. The wire loop is then pulled out of the body, removing the stone with it.
3-Wire:
3-Wire is a term used for the copper wire which has three wires connected to it. It is widely used in medical and dental equipment as well as surgical instruments. 3-Wire NSE System helps in easy and quick identification of body parts during surgeries, especially during laparoscopy procedures.
4-Wire:
4-Wire is a kind of electrical wire used in the nitinol stone extraction system. It has four wires and it’s used for electric current to flow through the body during surgery. The other three wires are connected to an external power source, which provides enough energy for operating 4-wire device and also supplies heat during surgeries.
Application Insights:
The market is segmented by application into hospitals, clinics and other medical facilities and others. The hospitals segment dominated the global nitinol stone extraction system market in 2017 owing to increasing awareness about minimally invasive surgeries, rising prevalence of kidney stones among patients at a hospital setting as well as high usage rates of urinary catheters.
Nitinol stones are used for treating conditions such as kidney stones, bladder neck obstruction caused due tostones in males or females urinary tract infections (UTIs) caused due to bacteria that colonize around thebladder neck obstruction or ureteroscopy procedures. Increasing number of UTI cases has ledto an increased demand forcathetersand Urinary Tract Infection (UTI) treatment kits globally which is expected to boost product demand over the forecast period.
Regional Analysis:
North America dominated the global nitinol stone extraction system market in 2017. This is due to increasing R&D investments by prominent players and rising adoption of advanced technologies in the region. Moreover, high prevalence of osteosarcoma has led to an increase in demand for surgical procedures, thereby driving growth. Asia Pacific is expected to witness lucrative growth over the forecast period owing to improving healthcare infrastructure and rising medical tourism especially due to availability of low-cost treatment options coupled with favorable government initiatives such as “Hospital Building Program†implemented by India's Ministry of Health & Family Welfare (MoHFW). Latin America also presents significant opportunities for market expansion owing to growing medical tourism industry supported by low costs associated with treatments received at hospitals located outside one's home country. In addition, economic development resulting from increased foreign direct investment (FDI) along with improved healthcare facilities will drive regional product demand over the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries
- Rising prevalence of kidney stones
- Technological advancements in nitinol stone extraction system
- Growing number of hospitals and surgical centers worldwide
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitinol Stone Extraction System Market Research Report
By Type
3-Wire, 4-Wire, 6-Wire
By Application
Hospitals, Clinics
By Companies
Cook Medical, UROMED, Olympus, Coloplast Corp, BARD, Medi-Globe Technologies, Stryker, Boston Scientific
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Nitinol Stone Extraction System Market Report Segments:
The global Nitinol Stone Extraction System market is segmented on the basis of:
Types
3-Wire, 4-Wire, 6-Wire
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
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:
- Cook Medical
- UROMED
- Olympus
- Coloplast Corp
- BARD
- Medi-Globe Technologies
- Stryker
- Boston Scientific
Highlights of The Nitinol Stone Extraction System 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:
- 3-Wire
- 4-Wire
- 6-Wire
- By Application:
- Hospitals
- Clinics
- 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 Stone Extraction System 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 stone extraction system is a new and innovative technology for the extraction of nitinol from various materials. The system uses a high-pressure, high-temperature process to break down the nitinol into its component parts, which can then be easily extracted and purified. This process is highly efficient and allows for the extraction of large quantities of nitinol with minimal wastefulness.
Some of the major companies in the nitinol stone extraction system market are Cook Medical, UROMED, Olympus, Coloplast Corp, BARD, Medi-Globe Technologies, Stryker, Boston Scientific.
The nitinol stone extraction system market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nitinol Stone Extraction System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nitinol Stone Extraction System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nitinol Stone Extraction System Market - Supply Chain
4.5. Global Nitinol Stone Extraction System Market Forecast
4.5.1. Nitinol Stone Extraction System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nitinol Stone Extraction System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nitinol Stone Extraction System Market Absolute $ Opportunity
5. Global Nitinol Stone Extraction System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nitinol Stone Extraction System Market Size and Volume Forecast by Type
5.3.1. 3-Wire
5.3.2. 4-Wire
5.3.3. 6-Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nitinol Stone Extraction System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nitinol Stone Extraction System Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nitinol Stone Extraction System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nitinol Stone Extraction System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nitinol Stone Extraction System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nitinol Stone Extraction System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nitinol Stone Extraction System Demand Share Forecast, 2019-2026
9. North America Nitinol Stone Extraction System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nitinol Stone Extraction System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nitinol Stone Extraction System Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nitinol Stone Extraction System Market Size and Volume Forecast by Type
9.7.1. 3-Wire
9.7.2. 4-Wire
9.7.3. 6-Wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nitinol Stone Extraction System Demand Share Forecast, 2019-2026
10. Latin America Nitinol Stone Extraction System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nitinol Stone Extraction System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nitinol Stone Extraction System Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nitinol Stone Extraction System Market Size and Volume Forecast by Type
10.7.1. 3-Wire
10.7.2. 4-Wire
10.7.3. 6-Wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nitinol Stone Extraction System Demand Share Forecast, 2019-2026
11. Europe Nitinol Stone Extraction System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nitinol Stone Extraction System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nitinol Stone Extraction System Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nitinol Stone Extraction System Market Size and Volume Forecast by Type
11.7.1. 3-Wire
11.7.2. 4-Wire
11.7.3. 6-Wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nitinol Stone Extraction System Demand Share, 2019-2026
12. Asia Pacific Nitinol Stone Extraction System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nitinol Stone Extraction System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nitinol Stone Extraction System Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nitinol Stone Extraction System Market Size and Volume Forecast by Type
12.7.1. 3-Wire
12.7.2. 4-Wire
12.7.3. 6-Wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nitinol Stone Extraction System Demand Share, 2019-2026
13. Middle East & Africa Nitinol Stone Extraction System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nitinol Stone Extraction System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nitinol Stone Extraction System Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nitinol Stone Extraction System Market Size and Volume Forecast by Type
13.7.1. 3-Wire
13.7.2. 4-Wire
13.7.3. 6-Wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nitinol Stone Extraction System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nitinol Stone Extraction System Market: Market Share Analysis
14.2. Nitinol Stone Extraction System Distributors and Customers
14.3. Nitinol Stone Extraction System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cook Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. UROMED
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Olympus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coloplast Corp
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BARD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Medi-Globe Technologies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Stryker
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Boston Scientific
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook