Nitinol Medical Devices Market

Nitinol is rapidly becoming a metal of choice for the composition of various medical devices in the healthcare industry. It is ideal for use in internal and external medical applications. Nitinol is also a great choice for medical devices that may be introduced into the body to perform a surgical procedure. Nitinol differs from other metals, and thus, manufacturers use it in medical devices.

Market Dynamics:

Increasing prevalence of cardiovascular, urologic, and dental diseases, rise in adoption of nitinol based medical products, rise in preference for minimally invasive surgeries, and increase in clinical applications of nitinol based products in the medical industry are major factors expected to drive growth of the global nitinol medical devices market over the forecast period.

For instance, in March 2022, Confluent Medical decided to set up a pilot manufacturing facility in Hyderabad for Nitinol products to cater to customers in India and Asia as part of its aggressive expansion plans over the next 12 months. Confluent offers array of Nitinol contract manufacturing services to medical devices industry. Moreover, in March 2019, Confluent Medical announced the launch of High-Performance Nitinol Tubing Center of Excellence to increasing market demand for high-performance nitinol tubing in challenging applications such as transcatheter heart valves, electrophysiology, neurovascular, and interventional pulmonary.

Key features of the study:

• This report provides in-depth analysis of the global nitinol medical devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global nitinol medical devices market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Zimmer Biomet, Merck KgaA, EndoSmart GmbH, Cook Medical, Boston Scientific Inc., B. Braun Melsungen AG, Arthrex Inc., W.L. Gore and Associates Inc., Becton, Dickinson & Company, and Terumo Interventional Systems (Terumo Corporation), among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global nitinol medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nitinol medical devices market.

Detailed Segmentation:

• Global Nitinol Medical Devices Market, By Product Type:
  • Stents
  • Stone Retrieval Basket
  • Guidewires
  • Other Product Types
• Global Nitinol Medical Devices Market, By Application:
  • Cardiovascular
  • Urology
  • Dentistry
  • Other Applications
• Global Nitinol Medical Devices Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • South America
• Company Profiles:
  • Zimmer Biomet
  • Merck KgaA
  • EndoSmart GmbH
  • Cook Medical
  • Boston Scientific Inc.
  • B. Braun Melsungen AG
  • Arthrex Inc.
  • W.L. Gore and Associates Inc.
  • Becton, Dickinson & Company
  • Terumo Interventional Systems (Terumo Corporation)