Overview


According to FutureWise analysis the market for Nitinol-based Medical Device in 2023 is US$ 44.46 billion, and is expected to reach US$ 98.97 billion by 2031 at a CAGR of 10.50%.

Nitinol is an alloy composed of nickel and titanium that has become a popular metal in medical device construction. The use of Nitinol is extensive in a variety of medical devices, including self-expanding grafts, baskets, filters, graft-supporting systems, and so on. The most prominent characteristic of Nitinol alloys is their super elasticity and thermal shape memory. Medical devices that are made of Nitinol, an alloy of nickel and titanium, are called Nitinol-based. It has been found that Nitinol-based stents and guidewires improve the effectiveness of surgery. Metal alloys made from Nitinol are corrosion-resistant and highly accepted in the medical device industry. The Global Nitinol-based Medical Devices Market is one of the fastest growing markets in recent years. The prevalence of cardiovascular diseases around the world is likely to increase the number of cardiovascular surgical procedures. Nitinol-based medical devices such as stents, catheters, and guidewires are therefore predicted to be in increased demand as a result of quick and safe surgical procedures. The superelasticity of the metal makes it suitable for use in medical products such as stents and guidewires. A number of commercially successful inferior vena cava filters and embolic protection devices have been developed over the years. As hospitals become more comfortable with minimally invasive surgery, it is becoming more common. As the procedures are performed through multiple small incisions rather than one large opening, patients tend to recover more quickly and have less discomfort after the procedures.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Nitinol-based Medical Device Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of market.

According to the research study conducted by FutureWise research analysts, the Nitinol-based Medical Device Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

  • Medtronic
  • Edwards Lifesciences
  • Abbott
  • Boston Scientific
  • Terumo
  • BD
  • Cordis
  • Cook Medical
  • B. Braun
  • Biotronik
  • Stryker
  • Jotec
  • MicroPort
  • Acandis

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Type

  • Stents
  • Guidewires
  • Filter
  • Basket
  • Other Types

By Application

  • Vascular
  • Orthopedic and Dental
  • Others

By Region

  • North America
  • Europe
  • Latin America
  • Asia-Pacific
  • Middle East and Africa
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth
  • To provide with an exhaustive analysis on the Nitinol-based Medical Device Market By Type, By Application and By Region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
  • To record and evaluate competitive landscape mapping- product launches, technological advan Terumoents, mergers and expansions
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  • The customization services offered are free of charge with purchase of any license of the report.
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Nitinol-based Medical Device Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Nitinol-based Medical Device Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Nitinol-based Medical Device Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Nitinol-based Medical Device Market, By Type Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Stents
        2. Guidewires
        3. Filter
        4. Basket
        5. Other Types

  • 8.   Nitinol-based Medical Device Market, By Application Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Vascular
        2. Orthopedic and Dental
        3. Others

  • 9.   North America Nitinol-based Medical Device Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 10.   Latin America Nitinol-based Medical Device Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 11.   Europe Nitinol-based Medical Device Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 12.   Asia Pacific Nitinol-based Medical Device Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 13.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Medtronic
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Edwards Lifesciences
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Abbott
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Boston Scientific
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Terumo
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. BD
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Cordis
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Cook Medical
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. B. Braun
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Biotronik
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Stryker
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Jotec
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. MicroPort
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. Acandis
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 17.   FutureWise SME Key Takeaway Points for Client

FAQ


Nitinol is a metal alloy of nickel and titanium that exhibits unique properties, such as shape memory and superelasticity, which enable it to return to a predetermined shape after being deformed. This makes it highly useful in medical devices where consistent performance and minimally invasive application are critical. Nitinol is commonly used in self-expanding stents, catheters, and other devices that benefit from its ability to change shape in response to temperature or stress.

The benefits of Nitinol in medical devices include its flexibility, kink resistance, and biocompatibility. Nitinol's ability to withstand deformation and return to its original shape provides reliability and precision in medical procedures. Its compatibility with MRI and other diagnostic imaging further enhances its versatility in medical applications.

Common Nitinol-containing medical devices include cardiovascular stents that keep clogged arteries open, guidewires that assist in catheter placement, heart valves, and various orthopedic implants. Nitinol's applications extend to devices that benefit from its ability to interact dynamically with bodily movements or respond adaptively to changes in temperature.

The Nitinol-based medical devices market is experiencing growth due to increasing demand for minimally invasive surgical procedures, advancements in Nitinol technology, and a rising geriatric population susceptible to chronic diseases requiring such devices. Constant innovation and the development of new applications also propel the market forward.

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