Nitinol Medical Devices Market exhibiting CAGR of 9% by 2032, owing to increasing number of percutaneous coronary intervention (PCI) procedures | insightSLICE
According to estimates, the market for Nitinol Medical Devices was worth US$ 16 billion globally in 2021, anticipated to grow at a CAGR of 9% through 2032.
In the report for Nitinol Medical Devices Market, international markets, Development, Insights, and Estimates are provided in detail. The forecast period runs from 2023 to 2032, with 2022 serving as the baseline year.
Access the sample report: https://www.insightslice.com/request-sample/880
The study also considers the competition environment, and the report will include an overview of the major market competitors for nitinol medical devices as well as their market forecasts.
In addition, the report will include information on important advancements, international developments, sales networks, corporate strategy, studies and development initiatives, number of key executives for all significant market participants.
The key players of the Global Nitinol Medical Devices Market are:
Terumo IS, Merck KGaA, Cook Medical, Boston Scientific Inc., B. Braun Melsungen, EndoSmart GmbH, Arthrex Inc., Dickinson & Company, Zimmer Biomet, and W.L. Gore & Associate Inc., Becton, and others are the major market participants for nitinol medical devices.
The major players are introducing advanced nitinol medical devices, such as peripheral vascular stents, that find several uses in the routine medical procedure, underlying heart diseases, and muscular wellness.
Read more about the report inclusions: https://www.insightslice.com/nitinol-medical-devices-market
Additionally, they are concentrating on developing material innovations that will provide better radiopacity, greater strength, improved immaculateness, and tighter revolutionary hysteresis, which is taking a favorable market position.
Other key factors, such as the acceptance of biodegradable polymer stents and expanding applications of nitinol medical devices in endodontic treatment and dentistry, are anticipated to drive market growth between 2023 and 2032.
Benefits of nitinol materials:
With its unique characteristics of shape memory contact and extreme flexibility, nitinol is essentially an alloy of metals created from nickel and titanium. Self-expanding patches, containers, filters, connector frameworks, and other items are only a few examples of the many uses for nitinol.
The most well-known properties of nitinol compounds are their extreme flexibility and temperature-dependent shape formation.
Nitinol, a compound of titanium and nickel, is used to make medical equipment. The use of Nitinol-based guidewires and stents has improved the outcome of many surgical procedures. Nitinol composites are extremely well-known in the medical device business and are safe for eating.
Since 2020, the global market for medical devices has been steadily expanding, particularly in the wake of the coronavirus pandemic. Because of the metal’s extreme elasticity, it is widely used in medical products like stents and guidewires. Subpar vena cava screens and embolic protection devices have experienced significant commercial success in recent years.
Driving factors for the growth of Global Nitinol Medical Devices Market
The growth of the global market for nitinol medical devices is anticipated to be influenced by the increasing severity of illnesses and the rising popularity of non-invasive therapies in the coming years. Nitinol, which is renowned for its extreme adaptability, is used in a variety of ways in the healthcare service industries.
The need for nitinol medical equipment is also predicted to rise along with the prevalence of diseases like cardiovascular issues, kidney lithiasis, and so on. However, the availability of alternatives to these devices may help the market for nitinol medical devices to grow.
The approach for glaucoma patients’ treatment is about to alter because of minimally invasive techniques enabled by these materials. These technologies are interesting from the perspective of the patient due to improved healthcare and speedier recovery compared to more intrusive alternatives.
Proceed to purchase: https://www.insightslice.com/buy-now/880
Primary growth drivers:
It is anticipated that the use of Nitinol medical devices for dental and muscular purposes will increase significantly over the projection period. For patients with muscular diseases or terrible injuries that result in broken bones, muscular health includes bone restoration, spinal augmentations, accident surgical procedure products, and others.
For example, hip replacement surgeries can be absolute or fractional in elderly people with osteoarthritis; forearm arthroplasty for joint inflammation-related complications; knee arthroplasties for degenerative diseases like rheumatoid joint pain, etc.
If Nitinol is to be evaluated to other materials, such as stainless steel and platinum chromium for clinical uses comprising friction and abrasion, it cannot be regarded as a standard material.
Poor electro-cleaning nitinol devices revealed nickel to escape from nitinol amalgamation at a slower rate than treated steel, which is thought to induce allergies.
Market presence as per regions:
During the projected timeline, the global nitinol medical devices market is expected to be led by the North American region. The growing interest in minimally invasive procedures and associated advantages are expected to put pressure on the market for nitinol health care systems for muscle and dental applications in the European region.
This, coupled with the increased prevalence of chronic illnesses including obesity-related heart disease, are some key drivers driving the expansion of cardiovascular implants across the commercial venture industries in countries like Germany, France, and Spain, among many others.
Global Nitinol Medical Devices Market Key Segments:
Based on product
- Stents
- Baskets
- Guide wires
- Others
Based on application
- Cardiovascular
- Urology
- Dentistry
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
Related reports:
Global Complexion Analysis System Market: https://www.insightslice.com/complexion-analysis-system-market
Global Communicable Diseases Treatment Market: https://www.insightslice.com/communicable-diseases-treatment-market
insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions. For more details, please contact our research and consulting team at info@insightslice.com.
Contact us:
Alex R
+1 707 736 6633
Editor Details
-
Company:
- insightSLICE
- Website:
