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Global Nitinol-based Medical Devices Market 2017-2021

  • Published: Sep 2017
  • Pages: 73
  • SKU: IRTNTR14881
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This market research study identifies Abbott, Boston Scientific, Medtronic, and TERUMO as the leading players in the global nitinol-based medical devices market. A comprehensive analysis of this market is also presented by product (guidewires and stents), by end-user (hospitals, ASCs, and research institutes), and by geography (the Americas, APAC, and EMEA).

Nitinol-based medical devices market outlook

Global nitinol-based medical devices market analysis identifies that the increasing application of shape metal alloys (SMAs) will be one of the major factors that will have a positive impact on the growth of the market. SMAs have high-power density, solid-state actuation, high damping capacity, durability, and fatigue resistance. The most commonly used SMA is nitinol, which is known for its superior thermomechanical and thermoelectrical properties. Nitinol SMAs have a high level of super-elasticity and are used in hip replacements. They are also used in medical implants like vascular stents, transcatheter heart valve, vascular closure implants, neurovascular closure implants, neurovascular clot pullers, devices and flow diverters, vena cava filters, orthopedic anchors, and atrial fibrillation devices. Technavio’s market research analysts predict that the nitinol-based medical devices market value will increase at a CAGR of close to 11% by 2021.

The nitinol-based medical devices market value is experiencing growth in the Americas due to the rising prevalence of cardiovascular disorders such as peripheral artery disease, carotid artery disease, and stroke. The demand for nitinol medical devices will continue to grow in the region throughout the projected period due to the increase in incomes and the rising awareness among the people. All the major vendors have their presence in countries such as the US, Mexico, Canada, and Brazil and are trying to extend their distribution channels to other countries.

Competitive landscape and key vendors

The nitinol-based medical devices market is characterized by the presence of many vendors. These vendors are increasingly competing against each other based on factors such as pricing, product differentiation, and distribution partnerships. The large players in the nitinol medical devices market are focusing on increasing their global footprint. They are also adopting strategic partnerships and mergers and acquisitions to expand their geographical reach into the developing countries.

Key vendors in this market are -

  • Abbott
  • Boston Scientific
  • Medtronic
  • TERUMO

Other prominent vendors in the market include Acandis, B. Braun Melsungen, Biotronik, C. R. Bard, Confluent Medical Technologies, Cook Medical, ELLA-CS, ENDOCOR, JOTEC, Lombard Medical, Novatech, Rontis, and Stryker.

Segmentation by product and analysis of the nitinol-based medical devices market

  • Guidewires
  • Stents

Nitinol-based stents are gaining popularity because they are used in carotid artery surgery, arteries in kidney and limbs, aorta in the abdomen or chest, and close off aortic tears. The demand for cardiac stents was high during 2016 due to nitinol-based medical devices market drivers such as the increasing prevalence of cardiovascular diseases and the rising disposable income. The segment will continue to grow in the nitinol medical devices market throughout the estimated period due to the increasing number of minimally invasive (MI) surgeries.

Segmentation by end-user and analysis of the nitinol-based medical devices market

  • Hospitals
  • ASCs
  • Research institutes

The majority of the patient pool highly prefers hospitals over other healthcare units because they perform a large number of stents placement procedures such as the nitinol-based medical device placement. These stents are highly adopted by physicians because they reduce the patient recovery time and provide improved outcome than other invasive procedures.

Key questions answered in the report include

  • What will the nitinol-based medical devices market value and the growth rate be in 2021?
  • What are the key nitinol-based medical devices market value drivers for growth?
  • What are the key market trends impacting the growth of the global nitinol-based medical devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global nitinol-based medical devices market?
  • What are the market opportunities and threats faced by the vendors in the global nitinol-based medical devices market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global nitinol-based medical devices market?

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by product

  • Market overview
  • Global nitinol-based stents market
  • Guidewires

PART 07: Market segmentation by end-user

  • Market scenario

PART 08: Geographical segmentation

  • Market scenario
  • Nitinol-based medical devices market in Americas
  • Nitinol-based medical devices market in EMEA
  • Nitinol-based medical devices market in APAC

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • Increasing mergers and acquisitions (M&A) for global expansion

PART 12: Vendor landscape

  • Competitive scenario

PART 13: Key vendor analysis

  • Abbott
  • Boston Scientific
  • Medtronic
  • TERUMO
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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