Research and Markets: Nitinol Medical Devices Market Forecasts & Opportunities, 2019 - Semi-finished Raw Material & Final Medical Components Analysis
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xbbww9/nitinol_medical) has announced the addition of the "Nitinol Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
“Nitinol Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”
The total market of nitinol medical devices for final medical components was valued at USD 8,287.2 million in 2012 and is forecasted to grow at a CAGR of 11.1% during the period of 2013 to 2019. Based on the type of final medical components, the total market is subdivided into nitinol stents, guidewires and others, which comprises dental wires, catheter tubes, tissue ablators, needles, retrieval baskets, biopsy forceps, endodontic files and filters. Among these afore-mentioned components, nitinol stents market accounted for the largest market share in 2012 and is expected to retain its market share till 2019 due to increasing number of vascular stenting procedures globally. Additionally, growing medical device manufacturer's preference for using nitinol as a chief raw material owing to its unique biomechanical properties is further expected to drive the market for nitinol stents in coming years.
Based on the type of semi-finished raw materials, the market is categorized into nitinol tubes, wiring and others, which comprise sheets and ribbons. The total market for nitinol semi-finished raw materials was valued at USD 1,525.2 million in 2012. Of these, the Nitinol-wiring market accounted for the largest market share in 2012. The contributing factors for such an assessment included a large number of clinical applications, low cost and better corrosion resistance properties compared to tubes and others. Nitinol wires are currently being deployed in various applications such as orthopedics, endoscopy, laparoscopy, catheter wall supports, ablation catheter, custom springs, etc.
Geographically, North America constituted the largest market for global nitinol medical devices market in 2012; however, Asia-Pacific is predicted to foresee the fastest growth rate during the forecast period from 2013 to 2019. This high growth has been attributed to presence of large population base which consequently gives rise to large patient population, low treatment cost and increasing healthcare awareness among the patients. In addition, favorable government support and growing medical tourism industry would trigger the growth of this market in Asia-Pacific.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Global Nitinol Medical Devices Market, by Semi-finished Raw Material
Chapter 5 Global Nitinol Medical Devices Market, by Final Medical Components
Chapter 6 Global Nitinol Medical Devices Market, by Geography
Chapter 7 Recommendations
Chapter 8 Company Profiles
- Abbott Laboratories, Inc.
- Boston Scientific Corporation
- Cook Medical, Inc.
- Covidien plc
- C. R. Bard, Inc.
- Custom Wire Technologies, Inc.
- ENDOSMART GmbH
- Medtronic, Inc.
- Nitinol Devices & Components, Inc.
- Terumo Corporation
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