Advances in a wide range of surgical procedures, growing demand for minimally invasive surgical treatments and increasing life expectancy would create an excellent opportunity for various commercial applications in the medical devices market. At present, the use of shape memory alloy in the manufacturing of implantable medical devices is widely accepted and recognized due to its unique shape memory properties.
Albany, NY -- (SBWIRE) -- 05/11/2016 -- 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 shape memory alloy in biomedical applications such as tweezers for small incisions, cardiovascular stents, coroner angiography, tendon fixation tool and orthodontic wires. Some of the major properties of nitinol include high fatigue strength, nonmagnetic, high power/weight ratio, corrosion resistance, heat resistance, and biocompatible. The 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.
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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 executive summary provides market snapshot which covers overall information about various segments and sub-segments. This section also includes comparative analysis of the global nitinol medical devices market according to the geographical regions. 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, Porter's five forces analysis and heat map analysis of key market players have also been explained in the market overview section of the report. All these factors would help the market players to gain thorough analysis of the overall competitive scenario and thereby decide upon the business strategies and plans to be observed in future for the global nitinol medical devices market.
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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.
In terms of geographical distribution, the nitinol medical devices market has been segmented into four major regions, North America, Europe, Asia-Pacific and Rest of World (RoW). This section of the report details about the market revenue from 2011 to 2019 with CAGR% of each geographical region for the forecast period of 2013 to 2019 with regards to nitinol medical devices. The study further offers a list of recommendations and highlights of the market, which would be useful for existing and new market players to establish a strong and enviable position in the global nitinol medical devices market.
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The report concludes with the company profiles section, which includes key information such as company overview, financial overview, product portfolio, business strategies and recent developments about the major market players in nitinol medical devices market. 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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