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PUBLISHER: IMARC | PRODUCT CODE: 1390639
PUBLISHER: IMARC | PRODUCT CODE: 1390639
Nitinol Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global nitinol medical devices market size reached US$ 17.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.52% during 2022-2028.
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:
IMARC Group 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 2023-2028. Our 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?
Product Code: SR112023A4443
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Arthrex Inc.
Product Code: SR112023A4443
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$), 2017-2022
- Figure 3: Global: Nitinol Medical Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Nitinol Medical Devices Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Nitinol Medical Devices Market: Breakup by Application (in %), 2022
- Figure 6: Global: Nitinol Medical Devices Market: Breakup by End User (in %), 2022
- Figure 7: Global: Nitinol Medical Devices Market: Breakup by Region (in %), 2022
- Figure 8: Global: Nitinol Medical Devices (Stents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Nitinol Medical Devices (Stents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Nitinol Medical Devices (Baskets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Nitinol Medical Devices (Baskets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Nitinol Medical Devices (Guidewires) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Nitinol Medical Devices (Guidewires) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Nitinol Medical Devices (Nitinol Catheters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Nitinol Medical Devices (Nitinol Catheters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Nitinol Medical Devices (Nitinol Filters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Nitinol Medical Devices (Nitinol Filters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Nitinol Medical Devices (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Nitinol Medical Devices (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Nitinol Medical Devices (Cardiovascular) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Nitinol Medical Devices (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Nitinol Medical Devices (Urology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Nitinol Medical Devices (Urology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Nitinol Medical Devices (Dentistry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Nitinol Medical Devices (Dentistry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Nitinol Medical Devices (Gastroenterology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Nitinol Medical Devices (Gastroenterology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Nitinol Medical Devices (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Nitinol Medical Devices (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Nitinol Medical Devices (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Nitinol Medical Devices (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Nitinol Medical Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Nitinol Medical Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Nitinol Medical Devices (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Nitinol Medical Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Nitinol Medical Devices Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Nitinol Medical Devices Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Nitinol Medical Devices Market Forecast: Sales Value (in Million US$), 2023-2028
- 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, 2022 and 2028
- Table 2: Global: Nitinol Medical Devices Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Nitinol Medical Devices Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Nitinol Medical Devices Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Nitinol Medical Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Nitinol Medical Devices Market: Competitive Structure
- Table 7: Global: Nitinol Medical Devices Market: Key Players
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