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Nitinol Medical Devices Market Report by Product Type, Application, End User, and Region 2024-2032

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    Report

  • 139 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5912228
Description Jump to:
The global nitinol medical devices market size reached US$ 19.1 Billion in 2023. Looking forward, the market is expected to reach US$ 34.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2023-2032.

Nitinol belongs to a class of shape memory alloys (SMA) made using equal concentrations of nickel and titanium. It is a super elastic material with the ability of phase transformation from austenite to martensite and back to the stress-free austenite state. It is widely used to develop medical devices that undergo repetitive deformations from high strain levels during deployment. Some of the commonly used nitinol medical devices include catheter tubes, guidewires, stone retrieval baskets, filters, needles, dental files, arch wires, and other surgical instruments. At present, these medical devices find extensive applications in minimally invasive (MI) procedures around the world.

Nitinol Medical Devices Market Trends:

There is a significant increase in the prevalence of chronic and cardiovascular diseases worldwide on account of sedentary lifestyles and the rising number of individuals who consume alcohol excessively and smoke. This, in confluence with the growing geriatric population, which is more susceptible to medical ailments, represents one of the key factors driving the market. Apart from this, the increasing adoption of minimally invasive surgeries (MIS) on account of its numerous benefits, including smaller incisions, less scarring, considerable accuracy, and decreased risk of complications, is positively influencing the utilization of nitinol medical devices across the globe.

Furthermore, leading manufacturers are introducing advanced nitinol medical devices like peripheral vascular stents that find extensive applications in general surgery, structural heart diseases, and orthopedics. They are also focusing on developing material technology to offer better radiopacity, higher strength, enhanced purity, and tighter transformational hysteresis, which is creating a favorable market outlook. Other major factors, including the introduction of biodegradable polymer stents and growing applications of nitinol medical devices in orthodontics and endodontics, are anticipated to fuel the market growth.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global nitinol medical devices market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, application and end user.

Breakup by Product Type:

  • Stents
  • Baskets
  • Guidewires
  • Nitinol Catheters
  • Nitinol Filters
  • Others

Breakup by Application:

  • Cardiovascular
  • Urology
  • Dentistry
  • Gastroenterology
  • Others

Breakup by End User:

  • Hospitals and Clinics
  • Ambulatory Surgery Centers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Arthrex Inc., B. Braun Melsungen AG, Becton Dickinson and Company, Boston Scientific Corporation, Cook Group Incorporated, Endosmart GmbH, Medtronic plc, Shanghai MicroPort Medical (Group) Co. Ltd., Stryker Corporation, Terumo Corporation, W. L. Gore & Associates Inc. and Zimmer Biomet.

Key Questions Answered in This Report:

  • How has the global nitinol medical devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global nitinol medical devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global nitinol medical devices market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Nitinol Medical Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Stents
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Baskets
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Guidewires
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Nitinol Catheters
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Nitinol Filters
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Application
7.1 Cardiovascular
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Urology
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Dentistry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Gastroenterology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals and Clinics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgery Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arthrex Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 B. Braun Melsungen AG
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Becton Dickinson and Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Boston Scientific Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Cook Group Incorporated
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Endosmart GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Medtronic plc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Shanghai MicroPort Medical (Group) Co. Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Stryker Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Terumo Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 W. L. Gore & Associates Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
14.3.12 Zimmer Biomet
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Nitinol Medical Devices Market: Major Drivers and Challenges
Figure 2: Global: Nitinol Medical Devices Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Nitinol Medical Devices Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Nitinol Medical Devices Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Nitinol Medical Devices Market: Breakup by Application (in %), 2023
Figure 6: Global: Nitinol Medical Devices Market: Breakup by End User (in %), 2023
Figure 7: Global: Nitinol Medical Devices Market: Breakup by Region (in %), 2023
Figure 8: Global: Nitinol Medical Devices (Stents) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Nitinol Medical Devices (Stents) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Nitinol Medical Devices (Baskets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Nitinol Medical Devices (Baskets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Nitinol Medical Devices (Guidewires) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Nitinol Medical Devices (Guidewires) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Nitinol Medical Devices (Nitinol Catheters) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Nitinol Medical Devices (Nitinol Catheters) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Nitinol Medical Devices (Nitinol Filters) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Nitinol Medical Devices (Nitinol Filters) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Nitinol Medical Devices (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Nitinol Medical Devices (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Nitinol Medical Devices (Cardiovascular) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Nitinol Medical Devices (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Nitinol Medical Devices (Urology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Nitinol Medical Devices (Urology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Nitinol Medical Devices (Dentistry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Nitinol Medical Devices (Dentistry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Nitinol Medical Devices (Gastroenterology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Nitinol Medical Devices (Gastroenterology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Nitinol Medical Devices (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Nitinol Medical Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Nitinol Medical Devices (Hospitals and Clinics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Nitinol Medical Devices (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Nitinol Medical Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Nitinol Medical Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Nitinol Medical Devices (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Nitinol Medical Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Nitinol Medical Devices Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Nitinol Medical Devices Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Nitinol Medical Devices Industry: SWOT Analysis
Figure 86: Global: Nitinol Medical Devices Industry: Value Chain Analysis
Figure 87: Global: Nitinol Medical Devices Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Nitinol Medical Devices Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Nitinol Medical Devices Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Nitinol Medical Devices Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Nitinol Medical Devices Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Nitinol Medical Devices Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Nitinol Medical Devices Market: Competitive Structure
Table 7: Global: Nitinol Medical Devices Market: Key Players

Companies Mentioned

  • Arthrex Inc.
  • B. Braun Melsungen AG
  • Becton Dickinson and Company
  • Boston Scientific Corporation
  • Cook Group Incorporated
  • Endosmart GmbH
  • Medtronic plc
  • Shanghai MicroPort Medical (Group) Co. Ltd.
  • Stryker Corporation
  • Terumo Corporation
  • W. L. Gore & Associates Inc.
  • Zimmer Biomet

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 19.1 Billion
Forecasted Market Value ( USD ) by 2032 $ 34.6 Billion
Compound Annual Growth Rate6.8%
Regions CoveredGlobal
No. of Companies Mentioned12

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