Tle Latest research study titled, “Nitinol Medical Devices Market by Technology, Application, and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the healthcare biometrics market is projected to be around $24 billion by 2025.
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.
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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.
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.
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.
Key Market Players:
Boston Scientific Corporation
Abbott Laboratories Inc.
Custom Wire Technologies Inc.
Cook Medical Inc.
Nitinol Devices & Components Inc.
C.R. Bard Inc.
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.
Some of the key questions answered by the report are:
What was the market size in 2016 and forecast from 2017 to 2025?
What will be the industry market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Table of content:
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.2. Market Share Analysis
3.3. Market Dynamics
188.8.131.52. Rise in Vascular Diseases
184.108.40.206. Rising Adoptionby Medical Community
220.127.116.11. Demand for Minimally Invasive Surgery Techniques
4. Nitinol Medical Devices Market, By Semi-finished Raw Material
5. Nitinol Medical Devices Market, By Final Medical Component
6. Nitinol Medical Devices Market, By Region
7. Company Profiles
List of Tables:
Table 1.Global Nitinol Medical Devices Market, By Semi-finished Raw Material($Million), 2016-2025
Table 2.Semi-finished Raw Materials Market, By Type ($Million), 2016-2025
Table 3.Semi-finished Raw Materials Market, By Region ($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 Material Market, By Region ($Million), 2016-2025
Table7.Final Medical Component Market, By Type ($Million), 2016-2025
Table 8.Final Medical Component Market, By Region ($Million), 2016-2025
Table9.Guide Wires Market, By Region ($Million), 2016-2025
Table 10.Stents Market, By Region ($Million), 2016-2025
Table 11.Other Final Medical Component Market, By Region ($Million), 2016-2025
Table 12.Nitinol Medical Devices Market, By Region, 2016-2025 ($Million)
Table13.North America Nitinol Medical Devices Market, By Country, 2016-2025 ($Million)
Table14.North America Nitinol Medical Devices Market, By Semi-finished Raw Material, 2016-2025 ($Million)
Table 15.North America Nitinol Medical Devices Market, By Final Medical Component, 2016-2025 ($Million)
Table 16.U.S. Nitinol Medical Devices Market, by Semi-finished Raw Material, 2016-2025 ($Million)
Table 17.U.S. Nitinol Medical Devices Market, by Final Medical Component, 2016-2025 ($Million)
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