Nitinol Medical Devices Market [Semi-finished Raw Material (Nitinol Tubes, Wiring and Others) and Final Medical Components (Nitinol Stents, Guidewires and Others)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
LONDON, Oct. 30, 2014 /PRNewswire/ -- Shape Memory Alloys (SMA) is a special class of metals that have the ability to restore their original shape after severe deformation. SMAs find applications in various industries such as automotive, aerospace, robotics and biomedical. Nickel-Titanium alloy (nitinol) has been found to be the most useful SMA in biomedical applications, and increased utilization of this alloy to manufacture various medical devices has changed the algorithm of disease treatment. With the growth in geriatric population globally and the increasing rate of vascular diseases such as peripheral arterial diseases and coronary artery diseases, the nitinol medical devices market shows tremendous growth potential, particularly in developing nations.
This research report provides a detailed analysis of the global nitinol medical devices market and helps in understanding the various driving factors for the growth of this market. The market overview section of this report demonstrates the market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of this market. Impact factors such as market attractiveness analysis and Porter's five forces analysis have also been explained in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global nitinol medical devices market.
The global nitinol medical devices market is classified based on the types of semi-finished raw material, final medical components and geography. The market estimates from 2013 to 2019 for each of these segments is provided in USD million. The nitinol medical devices market, based on the type of semi-finished raw material is segmented into tubes, wires and others (sheets and ribbons). Furthermore, based on the types of final medical components, the market is categorized into nitinol stents, guidewires and others (catheters, needles, retrieval baskets, dental appliances, filters, etc.). A detailed market analysis of the above segments has been provided in this study, based on their market size and forecast in terms of USD million for the period 2011 to 2019. The compounded annual growth rate (CAGR %) has been estimated for the period 2013 to 2019, considering 2012 as the base year.
Geographically, the nitinol medical devices market by geography has been segmented into four major regions, North America, Europe, Asia-Pacific and Rest of World (RoW). The study further offers recommendations and highlights of the market, which would be useful for existing and new market players to sustain and grow in the global nitinol medical devices market.
The report concludes with the company profiles section, which includes key information about the major players and their respective market shares (value %). Some of the key players profiled in this report include Custom Wire Technologies, Inc., Abbott Laboratories, Inc., Boston Scientific Corporation, C.R. Bard, Inc., Cook Medical, Inc. and Nitinol Devices & Components, Inc.
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