Nitinol Medical Devices Market Size, Share, Growth, and Industry Growth by Type (Stents, Guidewires, and Others) By Application (Vascular, Orthopedic & Dental, and Others), Regional Insights, and Forecast To 2032

• 

   Request a Free Sample To Get More Information on this Market

NITINOL MEDICAL DEVICES MARKETREPORT OVERVIEW

The global nitinol medical devices market size was USD 18.71 billion in 2024 and market is expected to reach USD 29.82 billion by 2032, exhibiting a CAGR of 6% during the forecast period.

Nitinol medical devices include nitinol guidewires, nitinol filters, and nitinol stents. It is a special metal capable of restoring its original shape after severe deformation.

The rise in prevalence of cardiovascular diseases and the growing number of cardiovascular surgical procedures worldwide is likely to flourish market growth. Increased adoption of minimally invasive surgeries for their lower rate of blood loss and quick recovery. The growing need for clinical applications and increased innovation in medical equipment is expected to surge market development. The increased need for fast and safe surgical procedures is estimated to attract more consumers over the forecast period. Growing demand for nitional-based medical devices such as guidewires, catheters, and stents is projected to foster market progress, and extensive use of superplastic mature metal in the healthcare sector is anticipated to drive market growth. On the contrary, increased innovation in polymer-based catheter devices and bio-absorbable stents is expected to harm market progress in the forthcoming years. Nitinol is widely used in the medical industry, but certain risks are associated with the product and raw materials in equipment such as stainless steel, which is expected to lower market progress in the coming years.

COVID-19 IMPACT

"Huge Demand for Medical Equipment to Surge Market Progress"

Growing demand for the healthcare sector during the pandemic period. Increased order to treat the COVID-19 virus and the huge need for medical equipment surge market progress. However, lockdown restrictions and social distance protocols limit the market growth.

LATEST TRENDS

"Rise in Prevalence of Cardiovascular Diseases to Foster Market Progress"

Increased prevalence of cardiovascular diseases is anticipated to boost device adoption. Growth in innovative technology and an improved clinical trial are predicted to drive market progress. The high need to treat such conditions among a growing number of patients is projected to flourish market growth. Growing demand for clinical applications and increased innovation in medical equipment are expected to surge market development. The increased need for quick and safe surgical procedures is estimated to attract more consumers over the forecast period. Growing demand for nitional-based medical devices such as guidewires, catheters, and stents is projected to foster market progress and extensive use of superplastic mature of metal in the healthcare sector is anticipated to drive market growth.

NITINOL MEDICAL DEVICES MARKETSEGMENTATION

By Type

Based on type, the market is divided into stents, guidewires, and others.

Stents are expected to be the top part of type segmentation

By Application

Based on the application, the market is divided into vascular, orthopedic & dental, and others.

Orthopedic & dental is expected to be the top part of application segmentation.

DRIVING FACTORS

"Huge Adoption of Minimally Invasive Surgeries to Surge Market Growth "

Increased adoption of minimally invasive surgeries and growing awareness about the benefits of the surgery process, such as reduced pain, smaller incisions, minimal blood loss, lower complications, and shorter hospital stays, are the most excellent features of invasive surgeries and are anticipated to fuel market growth. Nitinol is preferred for such surgeries for safety, fast recovery, and effective way of treating patients is expected to surge market progress. Extensive usage of healthcare equipment and increased spending capacity is predicted to fuel market growth in the forthcoming years. Growing clinical applications and a huge need for health are anticipated to surge market growth.

"Several Applications of Nitinol to Boost Device Adoption"

Increased applications of nitinol, such as the manufacturer of grafts, stents, and balloons. The catheters and guiding guidewires are made from nitinol and are projected to drive market growth. The rise in the incidence of brain aneurysms and changing lifestyles is predicted to surge market growth. A brain aneurysm can possibly be treated with endovascular coiling techniques, coiling techniques, surgical clipping, flow diversion, and other medications that are extensively used nitinol, which is anticipated to fuel nitinol medical devices market progress in the forthcoming years.

RESTRAINING FACTORS

"Increased innovation in polymer-based catheter devices and bio-absorbable stents to Obstruct Market Growth "

Increased innovation in polymer-based catheter devices and bio-absorbable stents is anticipated to harm market progress in the forthcoming years. Nitinol is widely used in the medical industry, but certain risks are associated with the product and raw materials in the equipment, such as stainless steel, which is expected to lower market progress in the coming years.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

NITINOL MEDICAL DEVICES MARKETREGIONAL INSIGHTS

"Increased Adoption of Minimally Invasive Surgeries in Asia Pacific to Drive Market Share "

Asia Pacific is expected to dominate nitinol medical devices market share owing to the increased adoption of minimally invasive surgeries for its lower rate of blood loss and quick recovery. Growing need for clinical applications and increased innovation in medical equipment is expected to surge market development. Increased need for quick and safe surgical procedures is estimated to attract more consumers over the forecast period. Growing demand for nitional-based medical devices such as guidewires, catheters, and stents is projected to foster market progress and extensive use of superplastic mature metal in the healthcare sector is anticipated to drive market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Top Nitinol Medical Devices Companies

• Medtronic (Ireland)
• Edwards Lifesciences (U.S.)
• Abbott (U.S.)
• Boston Scientific (U.S.)
• TERUMO (Japan)
• C. R. Bard (U.S.)
• Cordis (U.S.)
• Cook Medical (U.S.)
• B. Braun (Germany)
• Biotronik (Germany)
• Stryker (U.S.)
• JOTEC (U.K.)
• Lombard Medical (U.K.)
• Acandis (Germany)
• ELLA-CS

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.