Nitinol Stents Market: Rise in prevalence of coronary & peripheral and other cardiovascular diseases to drive the market
- Albany NY, United States: Nitinol stent is made of nitinol material. It is a small tube of mesh used in the treatment of weakened arteries or veins. Nitinol, also known as nickel titanium, is a metal alloy of nickel & titanium with superelasticity or pseudo elasticity and shape memory effect characteristics.
- Nitinol has various medical applications including manufacturing stents known as nitinol stents. Nitinol stents are shaped like a trumpet and nickel titanium alloys are suitably used for the self-expanding stents. Nitinol stents are utilized with a detachable coil treatment for intracranial aneurysms conditions.
- Nitinol stents are manufactured with larger size than target vessel size and resist the outside radial resistive forces. Self-expanding nitinol stents have created a paradigm shift in the treatment of the peripheral vascular diseases. Self-expanding nitinol stents are flexible and delivered through standard microcatheters. Nitinol stents have higher tissue growth rates compared to plastic stents and are widely preferred over other types.
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Key Drivers, Restraints, and Opportunities of Global Nitinol Stents Market
- Rise in prevalence of coronary & peripheral and other cardiovascular diseases, adoption of self-expanding nitinol stents, rise in awareness about nitinol stent & its wide applications, and growing popularity are projected to drive the global nitinol stents market during the forecast period. Technological advancements, launch of innovative products, and entry of key manufacturers across the globe are the other factors propelling the global nitinol stents market in the next few years.
- Availability of novel metallic alloys and rise in prevalence of cardiovascular diseases are factors anticipated to boost the growth of the global nitinol stents market during the forecast period. Availability of trained and interventional cardiologists across the globe is expected to augment the global nitinol stents market in the next few years. Clinical studies have proven that self-expanding nitinol stents offer superior benefits than other stents and are adopted for percutaneous transluminal angioplasty. Benefits of nitinol stents have improved the durability of stents in superficial femoral artery. Adoption of self-expanding nitinol stents in angioplasty is quite popular, which is projected to drive the global nitinol stents market in the near future.
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North America to Dominate Global Nitinol Stents Market
- North America dominated the global nitinol stents market in 2020, followed by Europe and Asia Pacific. Presence of key players offering nitinol stents, well-established health care infrastructure, and optimal therapeutic approach for patients suffering from post-thrombotic, acute thrombotic, and nonthrombotic obstruction of inferior vena ceva propel the market in North America.
- Various clinical studies support the use of self-expandable nitinol stents for deep venous obstruction and other conditions. Rise in patients suffering from peripheral artery disease and other cardiovascular diseases are anticipated to propel the global nitinol stents market during the forecast period. According to the Centers for Disease Control and Prevention, in 2020, around 6.5 million people in the U.S. aged 40 years or older suffered from peripheral artery disease. According to NCBI research, in 2020, nearly 20% of all deaths due to coronary artery disease occurred in the U.S. These factors are expected to boost demand for ntinol stents in North America during the forecast period.
- Europe was a major market for nitinol stents in 2020. Presence of companies offering nitinol stents such as intestinal stents, esophageal stents, and duodenal stents are likely to fuel the growth of the market in the region. Acceptance of nitinol stents in vascular and general prostheses owing to thermal shape memory and superelasticity make these ideal for commercial use. Rise in patient burden and increase in adoption of nitinol stents are factors driving the market in Europe.
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Key Companies in Global Nitinol Stents Market
- C. R. Bard (Becton, Dickinson & Company)
- B Braun Melsungen
- Bolton Medical
- Biotronik
- Cook
- Cardinal Health
- Endocare, Inc.
- Flexible Stenting Solutions, Inc.
- JOTEC GmbH
- Optimed Medizinische Instrumente GmbH
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