Global Nitinol-based Medical Device Market Growth 2019-2024

Nitinol is a special metal that have the ability to restore their original shape after severe deformation. The nitinol medical devices include nitinol stents, nitinol guidewires, nitinol filters etc.
The classification of Nitinol-based Medical Device includes Stents, Guidewires and other. The proportion of Guidewires in 2016 is about 44.37%, and the proportion of Stents in 2016 is about 6.7%.
Based on application, the nitinol medical devices market is segmented into orthopedic, vascular, dental, gastroenterology, and others. Vascular segment accounted for larger market share in terms of sales in 2016, vascular segmented accounted for more than 64% of the market share in 2016 due to increasing demand and adoption of nitinol based stents for vascular surgeries. Increasing number of dental implants and increasing demand for nitinol based product is expected to drive the growth of the nitinol medical devices market.
North America region is the largest supplier of Nitinol-based Medical Device, with a production market share nearly 61.5% in 2016. Europe is the second largest supplier of Nitinol-based Medical Device, enjoying production market share about 23.7% in 2016.
North America is the largest consumption place, with a consumption market share nearly 48.5% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 25.8% in 2016.
Market competition is intense among top 5. Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
In the future, the Nitinol-based Medical Device will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the industry is more dispersion.

According to this study, over the next five years the Nitinol-based Medical Device market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Nitinol-based Medical Device business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Nitinol-based Medical Device market by product type, application, key manufacturers and key regions and countries.

This study considers the Nitinol-based Medical Device value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Stents
Guidewires
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Vascular
Orthopedic & Dental
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Medtronic
Edwards Lifesciences
Abbott
Boston Scientific
TERUMO
C. R. Bard
Cordis
Cook Medical
B. Braun
Biotronik
Stryker
JOTEC
Lombard Medical
Acandis
ELLA-CS

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Nitinol-based Medical Device consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Nitinol-based Medical Device market by identifying its various subsegments.
Focuses on the key global Nitinol-based Medical Device manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Nitinol-based Medical Device with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Nitinol-based Medical Device submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.