Nitinol Medical Devices Market is the Rising Prevalence of Cardiovascular Diseases & Increasing Demand for Minimally Invasive Surgical Procedures which Fuel the Market
Global Nitinol Medical Devices Market: Overview
Nitinol, an alloy of nickel and titanium, is one of the most important shape memory alloys having a wide range of biomedical applications. Characterized by superelasticity (or pseudoelasticity), exceptional elastic deformation, and marked biocompatibility, nitinol has gained vast acceptance in making a variety of medical devices. The factors such as increasing number of surgical procedures worldwide, rise in prevalence of cardiovascular diseases and increasing demand for minimal invasive procedures and among others are anticipated to contribute to the significant growth of the market during the forecast period.
Obtain Report Details @
Global Nitinol Medical Devices Market: Research Methodology
The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of drugs employed in the treatment of nitinol medical devices in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases. The report provides estimated market size in terms of US$ Mn for type of equipment, communication type, end-user, and geography for the period 2015 to 2025, considering the macro and micro environmental factors. The revenue generated from each product, application, and end-user was calculated by considering the preference for nitinol medical devices in different regions, and utilization of the nitinol based products across all the geographies.
Rising Number of Cardiovascular Diseases Contributing to Growth of Nitinol Medical Device Market
Owing to the increasing validation of nitinol based stents for vascular surgeries and rising frequency of cardiovascular diseases there is an expected growth in the market for nitinol medical devices. The rising prevalence of cardiovascular diseases is encouraging the global nitinol medical device market. Apart from that, expanding geriatric population that is liable to peripheral artery diseases and rising demand for minimally invasive surgeries is also expected to drive the market.
Request for Sample Copy of Report @
As a result of widening usage of shape metal alloys (SMAs), there is an increase in demand for ninitol-based medical devices. SMAs that are ideal for hip replacement and have superior elasticity are now being developed with respect to fatigue resistance, strong damping capacity, durability, and high-power density. Apart from this, a number of medical implants like atrial fibrillation devices, vena cava filters, orthopedic anchors, neurovascular closure implants, vascular stents, and trans catheter heart valve also use nitinol.
High Production Cost of Nitinol-Based Medical Devices may Tether Demand
Increase in innovation concerning polymer or bare metal based catheter devices, or bioabsorbale stents may pose a challenge to the growth of market. Adding to that, high product cost of the nitinol medical devices are a few restraints that may act as a barrier in the progress of the market globally.
Request Report Brochure @
In spite of all these obstacles, the increased demand for advanced nitinol medical devices and rise in modification of dent systems that are nitinol-based from yet to develop countries are anticipated to open new opportunities in future years.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyâ€™s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRâ€™s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
Email: [email protected]