Nitinol Medical Devices Market: Increasing Cardiovascular Disorders to Expand Industry Demand Globally

Globally, increase cardiovascular diseases incidences and the increasing number of geriatric population that is susceptible to various chronic diseases have fueled growth in the global nitinol medical devices. In addition to that, the growing demand for minimally invasive surgical procedures is also expected to accelerate demand in the global nitinol medical devices market. Moreover, the rising application of nitinol medical devices is widely seen in vascular, gastroenterology, dental, orthopedic, and other similar areas. Other key growth factors driving demand in this market are the key properties of nitinol that includes exceptional elastic deformation, superelasticity (or pseudoelasticity), and marked biocompatibility.

As per the data revealed by the World Health Organization, nearly 17.7 million individuals experience cardiovascular diseases every year. And cardiovascular diseases account of 31% of deaths across the globe. The Diagnostic & Interventional Cardiology gave another relevant figure; it reveals that prevalence of percutaneous coronary intervention (PCI) procedures is nearly four times than coronary artery bypass graft (CABG) procedures in the United States. Owing to these facts, there are higher chances of growth in the global nitinol medical devices market.

Request a Sample of Report -

How market players are contributing to the growth of nitinol medical devices?

Some of the prominent players operating in the global nitinol medical devices market covers Cook Medical, Zimmer Biomet Holdings Inc., Terumo Corporation, Boston Scientific Corporation, Arthrex Inc., C.R. Bard Inc., Medtronic, W.L. Gore & Associates Inc., Abbott Laboratories, and Endosmart GmbH. Leading players are investing in research and development activities to develop advanced nitinol medical devices that can be used in advanced surgical procedures. These players are also coming up with new products and contributing to various other latest industrial developments that will benefit from expanding this market.

Moreover, these players are engaged in mergers and acquisitions, partnership, collaboration, expansion, and innovation. Adding further, these vendors are competing highly against each other based on factors such as product differentiation, pricing, and distribution partnerships. Players in the nitinol medical devices market are engaged in increasing their global footprint.

Purchase Nitinol Medical Device Market Report -

How geographical significance will matter in expanding nitinol medical devices market?

Developed regions have played a significant part in fueling demand in the global nitinol medical devices market. Technological advancements and its inclusion in the healthcare sector and considerable growth development of advanced devices are the key factors driving demand in the North America nitinol medical devices market. Moreover, larger geriatric population base and a significant rise in chronic diseases further created growth opportunities in the region and pushed growth in the global nitinol medical devices market. For instance, data provided by the Houston Methodist Research Institute around 13% to 14% of the elderly population gets affected by peripheral artery disease in the U.S. This factor also played a crucial role in expanding demand for nitinol medical devices in this region.

Request For Custom Research -

In European regions, there is a considerable rise in cardiovascular diseases in countries like the U.K, France, and Germany reaching 3.9 million deaths per year. The European Heart Network presents this data. Moreover, about 11.3 million new cardiovascular diseases cases were reported in Europe in 2015. All these facts and figure makes developed regions the key market for the growth of nitinol medical devices.

More Trending Reports by Transparency Market Research:

Nitinol Stents Market: Nitinol stent is a small tube of mesh made of nitinol material, which is used for the treatment of narrowed and weakened arteries or veins. They are implanted in the blood vessels through a procedure called percutaneous coronary intervention (PCI), also known as coronary angioplasty. Nitinol stents is preferred for the construction of vascular and non-vascular stents, as it has a combination of properties such as corrosion resistance which makes the stents safe and flexible. Biocompatibility of nitinol stents and their easy positioning after deployment in the blood vessels are some of the properties comparable to other stenting materials.

Drug-eluting Stents Market: According to the latest research by Transparency Market Research, the global drug-eluting stents market is projected to reach a value of ~US$ 8.3 Bn by 2027. The global drug-eluting stents market is expected to expand at a CAGR of ~5%, in terms of value, during the forecast period of 2019 to 2027. In recent years, acceleration in device development, advances in adjunctive pharmacology, and improved information systems have turned the spotlight on the drug-eluting stents market.

Orthopedic Digit Implants Market: An orthopedic digit implant is a medical device used for replacing a damaged bone or a missing joint in small joints segment, such as fingers, toes, ankle, elbow, and knee. Orthopedic digit implants are biocompatible, produced from materials such as stainless steel or titanium, and topped with a plastic coating that performs functioning as an artificial cartilage. Types of orthopedic digit implants currently available in the market include metacarpel joint implants (upper extremity), metatarsal joint implants (lower extremity), hemi phalangeal implants, scaphoid bone implants, and toe intramedullary implants.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453

Back to news