Market Research Logo

Global Nitinol-based Medical Devices Market 2017-2021

About Nitinol-based Medical Devices

Nitinol-based medical devices are made of nitinol, an alloy of nickel and titanium. The use of nitinol-based stents and guidewires has improved procedural outcome. The nitinol alloys are corrosion resistant and are highly accepted in the medical device industry. The global medical devices market has been growing extensively over the years. With increasing investment in research and development (R&D) for manufacturing nitinol-based medical devices, the use of these devices has increased rapidly in the recent years.

Technavio’s analysts forecast the global nitinol-based medical devices market to grow at a CAGR of 10.50% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global nitinol-based medical devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Nitinol-based Medical Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • Boston Scientific
  • Medtronic
  • TERUMO
Other prominent vendors
  • Acandis
  • B. Braun Melsungen
  • Biotronik
  • C. R. Bard
  • Confluent Medical Technologies
  • Cook Medical
  • ELLA-CS
  • ENDOCOR
  • JOTEC
  • Lombard Medical
  • Novatech
  • Rontis
  • Stryker
Market driver
  • Emergence of next-generation hybrid guidewires and stents
  • For a full, detailed list, view our report
Market challenge
  • Complications associated with manufacturing of nitinol-based devices
  • For a full, detailed list, view our report
Market trend
  • Increasing mergers and acquisitions (M&A) for global expansion
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Nitinol-based Medical Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global nitinol-based medical devices market: Abbott, Boston Scientific, Medtronic, and TERUMO.

Other Prominent Vendors in the market are: Acandis, B. Braun Melsungen, Biotronik, C. R. Bard, Confluent Medical Technologies, Cook Medical, ELLA-CS, ENDOCOR, JOTEC, Lombard Medical, Novatech, Rontis, and Stryker.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing mergers and acquisitions (M&A) for global expansion. Companies are expanding their global footprint and market share through M&A strategy. This provides the companies a platform to exchange their R&D proficiencies and technology among themselves. While at the same time, the smaller players have ample of future potential to grow through the large companies' platform provided by the acquisition of smaller players.”

According to the report, one driver in the market is emergence of next-generation hybrid guidewires and stents. Hybrid guidewires and stents have seen technological advances over the years. Such guidewires can incorporate the features of individual wires. It has decreased the need for multiple wires and maintenance of a large inventory. Boston Scientific has launched hybrid guidewire designed specifically for the urologists. It combines the easy access of nitinol hydrophilic guidewire with the handling and security of a polytetrafluoroethylene (PTFE) wire. Hybrid guidewires can reduce the total number of wires used during a procedure as well as the time required for wire exchanges

Further, the report states that one challenge in the market is complications associated with manufacturing of nitinol-based devices. Nitinol-based devices have specific properties and are resistant to deformation. It makes machining of nitinol-based devices difficult. The machining of nitinol causes severe tool wear. Abrasive tools such as grinders and abrasive saws are preferred for cutting this material. It is also very difficult to join the alloy with dissimilar materials. Welding and brazing leads to solidification and cracking issues. For smaller components laser welding or microplasma welding can be used but a stress relieving heat treatment should be included in it.

Companies Mentioned

Abbott, Boston Scientific, Medtronic, TERUMO, Acandis, B. Braun Melsungen, Biotronik, C. R. Bard, Confluent Medical Technologies, Cook Medical, ELLA-CS, ENDOCOR, JOTEC, Lombard Medical, Novatech, Rontis, and Stryker.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Market scenario for nitinol-based medical devices 2016-2021
  • Market landscape
    • Market overview
      • Table Overview of global nitinol-based medical devices market
    • Market size and forecast
      • Table Global nitinol-based medical devices market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global nitinol-based medical devices market segmentation by product 2016
      • Table Global nitinol-based medical devices market segmentation by product 2021
    • Global nitinol-based stents market
      • Table Global nitinol-based stents market 2016-2021 ($ billions)
    • Guidewires
      • Table Global nitinol-based guidewires market 2016-2021 ($ billions)
  • Market segmentation byend-user
    • Market scenario
  • Geographical segmentation
    • Market scenario
      • Table Global nitinol-based medical devices market segmentation by geography 2016
      • Table Global nitinol-based medical devices market segmentation by geography 2021
    • Nitinol-based medical devices market in Americas
      • Table Nitinol-based medical devices market overview in Americas
      • Table Nitinol-based medical devices market in Americas 2016-2021 ($ billions)
    • Nitinol-based medical devices market in EMEA
      • Table Nitinol-based medical devices market overview in EMEA
      • Table Nitinol-based medical devices market in EMEA 2016-2021 ($ billions)
    • Nitinol-based medical devices market in APAC
      • Table Nitinol-based medical devices market overview in APAC
      • Table Nitinol-based medical devices market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing mergers and acquisitions (M&A) for global expansion
      • Table Major transactions in segment
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global nitinol-based medical devices market 2016
  • Key vendor analysis
    • Abbott
      • Table Abbott: Key highlights
      • Table Abbott: Strength assessment
      • Table Abbott: Strategy assessment
      • Table Abbott: Opportunity assessment
    • Boston Scientific
      • Table Boston Scientific: Key highlights
      • Table Boston Scientific: Strength assessment
      • Table Boston Scientific: Strategy assessment
      • Table Boston Scientific: Opportunity assessment
    • Medtronic
      • Table Medtronic: Revenue generation by segment FY2017 ($ millions)
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • TERUMO
      • Table TERUMO: Sales by geography in FY2016
      • Table TERUMO: Key highlights
      • Table TERUMO: Strength assessment
      • Table TERUMO: Strategy assessment
      • Table TERUMO: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report