Worldwide $24 Bn Nitinol Medical Devices Market | Boston Scientific Corporation, Abbott Laboratories, Custom Wire Technologies, Cook Medical, Nitinol Devices & Components and C.R. Bard

Nickel Titanium well known as Nitinol is one of an exclusive class of shape memory alloys. A thermoelastic martensitic phase change in the material is in charge of its phenomenal attributes. Nitinol properties incorporate the shape memory impact, super elasticity, and high damping ability. These specialized elements of NiTi shape memory alloys can be adjusted, as it were, by changes in organization, heat treatment, and mechanical working. Moreover, nitinol has been perceived as safe for being utilized to produce infixes, permitting a colossal extent of development for the global nitinol medical devices market.

Nitinol Medical Devices Market - Competitive Insights:

Some of the key players in the market are Boston Scientific Corporation, Abbott Laboratories, Inc., Custom Wire Technologies, Inc., Cook Medical, Inc., Nitinol Devices & Components, Inc., and C.R. Bard, Inc. These companies are highly focused on bringing innovations in the market through research and development and strategic acquisitions. For instance, in August 2015, Interface Catheter Solutions was acquired by Nitinol Devices & Components, Inc. to develop fully integrated solutions for manufacturing specialized medical devices.

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Nitinol Medical Devices Market - Trend Analysis:

The global nitinol medical devices market is projected to be around $24 billion by 2025. Past few years has witnessed an unfortunate rise in number of vascular diseases such as venous diseases, renal artery diseases, abdominal aortic diseases and stroke, which is set to drive the market growth. Additionally, increase in obesity rate and subsequent demand for minimally-invasive surgery techniques are further contributing to the market growth. Moreover, increasing use of nitinol in medical devices is set to drive the market growth. Limited scope for use of nitinol as raw material for medical devices and its vulnerability towards frictional and wear forces can hamper the growth of global nitinol medical devices market.

Nitinol Medical Devices Market - Opportunities:

The single leading driver for global nitinol medical devices is pool of advantages offered by nitinol in medical devices. The emerging markets are hot spots for such products as they offer huge pool of patients. With government initiatives for providing better healthcare services, nitinol devices market will witnessed enormous growth with the introduction of innovative products that guarantees effective and safe treatment.

Nitinol Medical Devices Market Segmentation -

Nitinol Medical Devices Market - By Semi-finished Raw Material:

Wiring
Tubes
Others

Nitinol Medical Devices Market - By Final Medical Components:

Guide Wires
Stents
Others

Nitinol Medical Devices Market - Product Outlook and Trend Analysis:

Wiring segment dominated the overall market in 2016, due to high preference and wide adoption of nitinol wires. Low cost, and better resistance and corrosion properties has speed up the acceptance of nitinol wires in wide range of applications in medical field such as orthopedics, endoscopy, custom springs, and catheter. Stents segment accounted for the largest share of the global nitinol devices in 2016 and is projected to maintain the lead with a double digit growth rate during the forecast period, primarily due to increase in vascular stenting procedures worldwide.

Nitinol Medical Devices Market - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Nitinol Medical Devices Market - Regional Outlook and Trend Analysis:

North America dominated the global nitinol devices market in 2016 and is expected to continue its leading position during the forecast period. This is attributed to a number of factors such as the developed healthcare infrastructure and high adoption of technologically advanced products as healthcare providers prefer highly sophisticated devices for treatment.

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Asia-Pacific region is expected to witness impressive growth over the forecast period, due to increasing number of endovascular surgeries, growing awareness about diseases and available treatment options, and increasing income of people. Moreover, government initiatives to offer better health care services in the region is set to further speed up the market growth.

Nitinol Medical Devices Market - List of Tables:

Table 1.Global Nitinol Medical Devices Market, By Semi-finished Raw Material($Million), 2016-2025
Table 2.Semi-finished Raw MaterialsMarket, By Type ($Million), 2016-2025
Table 3.Semi-finished Raw MaterialsMarket, By Region ($Million), 2016-2025
Table 4.Wiring Market, By Region ($Million), 2016-2025
Table 5.Tubes Market, By Region ($Million), 2016-2025
Table 6.Other Semi-finished Raw MaterialMarket, By Region ($Million), 2016-2025
Table7.Final Medical Component Market, By Type ($Million), 2016-2025
Table 8.Final Medical Component Market, By Region ($Million), 2016-2025
...

Nitinol Medical Devices Market - List of Figures:

Figure 1.Global Nitinol Medical Devices Market Share, By Semi-finished Raw Material, 2016 & 2025
Figure 2.Global Nitinol Medical Devices Market Share, By Final Medical Component, 2016 & 2025
Figure 3.Nitinol Medical Devices Market, By Region, 2016, ($Million)
Figure 4.Nitinol Devices &Component, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 5.Nitinol Devices &Component, Inc.: Net Revenue Share, By Segment, 2016
Figure 6.Nitinol Devices &Component, Inc.: Net Revenue Share, By Geography, 2016
Figure 7.Custom Wire Technologies, Inc.: Net Revenues, 2014-2016 ($Million)
Figure 8.Custom Wire Technologies, Inc.: Net Revenue Share, By Segment, 2016
...

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Nitinol Medical Devices market based on product and application. It also provides market size and forecast till 2025 for overall Nitinol Medical Devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Also, key Nitinol Medical Devices market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.

Reason to Buy -

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Nitinol Medical Devices market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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