Nitinol-based Medical Device Market

Global Nitinol-based Medical Device Market By Product (Nitinol Stents, Nitinol Guidewires, Nitinol Filters, Nitinol Basket, Nitinol Catheters, and Others), By Application (Orthopedic, Vascular, Dental, Gastroenterology and Others) By End-user (Hospitals, Ambulatory Surgical Centers, Clinics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: HC-48
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 10
  • No. Of Pages: 260
  • Format:
  • Pub. Date: 2020-10-01
  • Share:

Market Outlook:

The global nitinol-based medical device market was valued at USD 14,511.0 Million in 2019 and is projected to reach USD 30,899.4 Million by 2027, expanding at a CAGR of 10.6% during the forecast period. Nitinol is an alloy composed of titanium (Ti) and Nickel (Ni) alloys. Nitinol has high elasticity and is resistant to corrosion. Nitinol (NiTi), is a shape memory alloy that finds its application in several medical devices. A shape memory alloy can restore its original shape after deformation. Nitinol is an essential material for medical devices and instruments due to its biocompatibility and super-elasticity. Nitinol finds application in the manufacturing of catheter tubes, guidewires, stone retrieval baskets, filters, needles, dental files, arch-wires, and other surgical instruments. The market is driven by factors such as rising prevalence of cardiovascular diseases has led to rise in the adoption of the nitinol stents, which drives the demand for nitinol stents.

Global Nitinol-based Medical Device Market Key Takeaways

Several self-expanding implants, including stents and filters, use thermal shape-memory of nitinol to activate its working into the body. Some of the medical applications of nitinol include intravascular stents, radiofrequency interstitial tissue ablation device, orthodontic archwires, and inferior vena cava (IVC) filters. Nitinol is used in stents, as they have is a flexible tubular structure, which have folded small dimensions that offer movement in difficult locations in the body and expanding the vessels. Stents are used to treat weakened coronary arteries in the body. Self-expanding stents use thermal shape memory of nitinol to expand the vessels in the body. Growing prevalence of arterial diseases has led to the adoption of nitinol-based medical devices, especially for restoring predetermined shape of the arteries.

The nitinol based medical devices are used in treatment of several diseases. Nitinol is an essential material in the medical field. Some of the properties of nitinol including nitinol the shape memory alloy is one of the unique properties, which has led to the change in the shape of the nitinol. The nitinol changes its shape to its original shape owing to the elasticity of the materials. The shape change property of nitinol is higher than the plastics material. The nitinol alloys are super elastic, therefore the curves of the nitinol alloys becomes flat after the application of pressure on the strains. This process is used for the application of the stress on the nitinol wires. This process is used for the dental treatment. The design of the nitinol-based medical devices are less complex, which helps in the sterilization and cleaning of the materials.

Rise in the prevalence of chronic diseases has led to the rise in the demand for the introduction of new medical devices for treatment of diseases, which in turn, boosts the demand for the nitinol-based medical devices market. Increase in investments in R&D has led to the rise in introduction of new devices, which in turn contributes to the growth of the market. Rise in urbanization has led to the adoption of sedentary lifestyle. This has increased the prevalence of chronic diseases worldwide. According to the Center for Disease Control (CDC), 30.3 million people in the US had cardiovascular diseases in 2018. Increase in occurrence of cardiovascular diseases has propelled spending on surgical procedures, thereby driving the demand for nitinol-based medical devices.

Market Dynamics
The market is driven by factors such as increasing investment in research & development, growing awareness among consumers for healthcare, and rising awareness for healthcare by the government boost the growth of the market. Conversely, high cost of the medical devices are some of the factors which hampers the growth of the market. Rising adoption of new technology in emerging markets and technological development in manufacturing of nitinol-devices is expected to boost the growth of nitinol-based medical devices.

The nitinol titanium devices are used for the several procedures including endoscopy and it is also used for minimally-invasive surgical procedures. Introduction of new nitinol-based medical devices has led to the rise in the adoption of nitinol-based medical devices and surgical instruments. The shape memory property of nitinol is one of the unique property, which leads to the super elasticity of materials. The material is several times more elastic than stainless steel. The nitinol materials are widely used in manufacturing of medical devices, which drives the demand for the nitinol-based medical devices market. Nitinol based medical devices is one of devices which finds its application in treatment of several diseases including neurovascular diseases, peripheral diseases, cardiovascular diseases, dental treatment procedures. The nitinol-based devices also finds its application in removal of kidney stones. The rise in the minimally surgical procedures has led to the rise in the adoption of the nitinol-based medical devices, which is one of the factors, which contributes to the growth of the nitinol-based medical devices.

Segmental Outlook

On the basis of products, the market is segmented into nitinol stents, nitinol guidewires, nitinol filters, nitinol baskets, nitinol catheters and others. The nitinol stents segment accounted for 43.0% share of the market in 2019. Rising prevalence of percutaneous coronary intervention (PCI) has led to the increase in the adoption of nitinol stents, thus boosting segment growth.

Global Nitinol-based Medical Device Market By Type

In terms of application, the nitinol-based medical device market is segregated into orthopedic, vascular, dental, gastroenterology, and others. The vascular segment is anticipated to expand at a CAGR of 11.0% during the forecast period. Increase in the prevalence of vascular diseases has led to the adoption of the nitinol stents for the treatment of diseases, thereby boosting the segment.

Global Nitinol-based Medical Device Market By Application

In terms of end-users, the nitinol-based medical device market is classified as hospitals, clinics, ambulatory care centers, and others. The hospitals segment is anticipated to expand at a CAGR of 11.0% during the forecast period, as large number of treatment is taken in the hospitals by the patients, which drives the growth of the segment.

Regional Outlook

In terms of regions, the global Nitinol-based Medical Device Market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted market share of 40.5% in 2020. The market in the region is projected to expand at a CAGR of 10.7% during the forecast period. Increasing adoption of new technology in healthcare industry and rise in presence of several manufacturers, is thereby boosting the growth of the nitinol-based medical devices market in North America.

Global Nitinol-based Medical Device Market By Region

Competitive Landscape

  • Key players in the market include Medtronic, Boston Scientific Corporation and Abbott. These companies are considered manufacturers of nitinol-based medical devices based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the nitinol-based medical devices is added in the company’s capacity.
  • For instance, On September 28, 2020, Abbott introduced the FreeStyle Libre 3 system, which received a CE mark for diabetes patients in Europe. The FreeStyle Libre 3 system is considered to be the world's smallest and thinnest glucose sensor.
  • On September 07, 2020, BIOTRONIK introduced the new low profile PTA Balloon, Passeo‐35 Xeo PTA (percutaneous transluminal angioplasty), which makes smooth lesion crossing. The arrival of the Passeo‐35 Xeo PTA balloon catheter provides physicians better cross skills, excellent track capability, and push capacity in a wide range of sizes as compared to other available PTA balloons1.

Global Nitinol-based Medical Device Market By Manufacturers

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Nitinol-based Medical Devices Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Nitinol-based Medical Device Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitinol-based Medical Devices Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Nitinol-based Medical Devices Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Nitinol-based Medical Devices Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Nitinol-based Medical Devices Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Nitinol-based Medical Devices Market Size & Forecast, 2017-2027
      4.5.1 Nitinol-based Medical Devices Market Size and Y-o-Y Growth
      4.5.2 Nitinol-based Medical Devices Market Absolute $ Opportunity
   4.6 Global Nitinol-based Medical Devices Market: Impact Of Key Regulations
   4.7 Nitinol Devices: Recent Advancement
   4.8 Pipeline Analysis
Chapter 5 Global Nitinol-based Medical Devices Market Analysis and Forecast By Products
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Products
      5.1.2 Basis Point Share (BPS) Analysis By Products
      5.1.3 Absolute $ Opportunity Assessment By Products
   5.2 Nitinol-based Medical Devices Market Size Forecast By Products
      5.2.1 Nitinol Stents
      5.2.2 Nitinol Guidewires
         5.2.3.1 Orthodontic Guidewires
         5.2.3.2 Endoscopic Guidewires
      5.2.4 Nitinol Filters
      5.2.5 Nitinol Baskets
      5.2.6 Nitinol Catheters
      5.2.7 Others
   5.3 Market Attractiveness Analysis By Products
Chapter 6 Global Nitinol-based Medical Devices Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Nitinol-based Medical Devices Market Size Forecast By Application
      6.2.1 Orthopedic
      6.2.2 Vascular
      6.2.3 Dental
      6.2.4 Gastroenterology
      6.2.5 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Nitinol-based Medical Devices Market Analysis and Forecast By End-User
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By End-User
      7.1.2 Basis Point Share (BPS) Analysis By End-User
      7.1.3 Absolute $ Opportunity Assessment By End-User
   7.2 Nitinol-based Medical Devices Market Size Forecast By End-User
      7.2.1 Hospitals
      7.2.2 Clinics
      7.2.3 Ambulatory Surgical Care Centers
      7.2.4 Others
   7.3 Market Attractiveness Analysis By End-User
Chapter 8 Global Nitinol-based Medical Devices Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Nitinol-based Medical Devices Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Nitinol-based Medical Devices Market Analysis and Forecast
   10.1 Introduction
   10.2 North America Nitinol-based Medical Devices Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Nitinol-based Medical Devices Market Size Forecast By Products
      10.6.1 Nitinol Stents
      10.6.2 Nitinol Guidewires
         10.6.3.1 Orthodontic Guidewires
         10.6.3.2 Endoscopic Guidewires
      10.6.4 Nitinol Filters
      10.6.5 Nitinol Baskets
      10.6.6 Nitinol Catheters
      10.6.7 Others
   10.7 Basis Point Share (BPS) Analysis By Products
   10.8 Absolute $ Opportunity Assessment By Products
   10.9 Market Attractiveness Analysis By Products
   10.10 North America Nitinol-based Medical Devices Market Size Forecast By Application
      10.10.1 Orthopedic
      10.10.2 Vascular
      10.10.3 Dental
      10.10.4 Gastroenterology
      10.10.5 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
   10.14 North America Nitinol-based Medical Devices Market Size Forecast By End-User
      10.14.1 Hospitals
      10.14.2 Clinics
      10.14.3 Ambulatory Surgical Care Centers
      10.14.4 Others
   10.15 Basis Point Share (BPS) Analysis By End-User
   10.16 Absolute $ Opportunity Assessment By End-User
   10.17 Market Attractiveness Analysis By End-User
Chapter 11 Europe Nitinol-based Medical Devices Market Analysis and Forecast
   11.1 Introduction
   11.2 Europe Nitinol-based Medical Devices Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Nitinol-based Medical Devices Market Size Forecast By Products
      11.6.1 Nitinol Stents
      11.6.2 Nitinol Guidewires
      11.6.3
         11.6.3.1 Orthodontic Guidewires
         11.6.3.2 Endoscopic Guidewires
      11.6.4 Nitinol Filters
      11.6.5 Nitinol Baskets
      11.6.6 Nitinol Catheters
      11.6.7 Others
   11.7 Basis Point Share (BPS) Analysis By Products
   11.8 Absolute $ Opportunity Assessment By Products
   11.9 Market Attractiveness Analysis By Products
   11.10 Europe Nitinol-based Medical Devices Market Size Forecast By Application
      11.10.1 Orthopedic
      11.10.2 Vascular
      11.10.3 Dental
      11.10.4 Gastroenterology
      11.10.5 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
   11.14 Europe Nitinol-based Medical Devices Market Size Forecast By End-User
      11.14.1 Hospitals
      11.14.2 Clinics
      11.14.3 Ambulatory Surgical Care Centers
      11.14.4 Others
   11.15 Basis Point Share (BPS) Analysis By End-User
   11.16 Absolute $ Opportunity Assessment By End-User
   11.17 Market Attractiveness Analysis By End-User
Chapter 12 Asia Pacific Nitinol-based Medical Devices Market Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Nitinol-based Medical Devices Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Nitinol-based Medical Devices Market Size Forecast By Products
      12.6.1 Nitinol Stents
      12.6.2 Nitinol Guidewires
         12.6.3.1 Orthodontic Guidewires
         12.6.3.2 Endoscopic Guidewires
      12.6.4 Nitinol Filters
      12.6.5 Nitinol Baskets
      12.6.6 Nitinol Catheters
      12.6.7 Others
   12.7 Basis Point Share (BPS) Analysis By Products
   12.8 Absolute $ Opportunity Assessment By Products
   12.9 Market Attractiveness Analysis By Products
   12.10 Asia Pacific Nitinol-based Medical Devices Market Size Forecast By Application
      12.10.1 Orthopedic
      12.10.2 Vascular
      12.10.3 Dental
      12.10.4 Gastroenterology
      12.10.5 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
   12.14 Asia Pacific Nitinol-based Medical Devices Market Size Forecast By End-User
      12.14.1 Hospitals
      12.14.2 Clinics
      12.14.3 Ambulatory Surgical Care Centers
      12.14.4 Others
   12.15 Basis Point Share (BPS) Analysis By End-User
   12.16 Absolute $ Opportunity Assessment By End-User
   12.17 Market Attractiveness Analysis By End-User
Chapter 13 Latin America Nitinol-based Medical Devices Market Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Nitinol-based Medical Devices Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Nitinol-based Medical Devices Market Size Forecast By Products
      13.6.1 Nitinol Stents
      13.6.2 Nitinol Guidewires
         13.6.3.1 Orthodontic Guidewires
         13.6.3.2 Endoscopic Guidewires
      13.6.4 Nitinol Filters
      13.6.5 Nitinol Baskets
      13.6.6 Nitinol Catheters
      13.6.7 Others
   13.7 Basis Point Share (BPS) Analysis By Products
   13.8 Absolute $ Opportunity Assessment By Products
   13.9 Market Attractiveness Analysis By Products
   13.10 Latin America Nitinol-based Medical Devices Market Size Forecast By Application
      13.10.1 Orthopedic
      13.10.2 Vascular
      13.10.3 Dental
      13.10.4 Gastroenterology
      13.10.5 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
   13.14 Latin America Nitinol-based Medical Devices Market Size Forecast By End-User
      13.14.1 Hospitals
      13.14.2 Clinics
      13.14.3 Ambulatory Surgical Care Centers
      13.14.4 Others
   13.15 Basis Point Share (BPS) Analysis By End-User
   13.16 Absolute $ Opportunity Assessment By End-User
   13.17 Market Attractiveness Analysis By End-User
Chapter 14 Middle East & Africa (MEA) Nitinol-based Medical Devices Market Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Nitinol-based Medical Devices Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Nitinol-based Medical Devices Market Size Forecast By Products
      14.6.1 Nitinol Stents
      14.6.2 Nitinol Guidewires
      14.6.3
         14.6.3.1 Orthodontic Guidewires
         14.6.3.2 Endoscopic Guidewires
      14.6.4 Nitinol Filters
      14.6.5 Nitinol Baskets
      14.6.6 Nitinol Catheters
      14.6.7 Others
   14.7 Basis Point Share (BPS) Analysis By Products
   14.8 Absolute $ Opportunity Assessment By Products
   14.9 Market Attractiveness Analysis By Products
   14.10 Middle East & Africa (MEA) Nitinol-based Medical Devices Market Size Forecast By Application
      14.10.1 Orthopedic
      14.10.2 Vascular
      14.10.3 Dental
      14.10.4 Gastroenterology
      14.10.5 Others
   14.11 Basis Point Share (BPS) Analysis By Application
   14.12 Absolute $ Opportunity Assessment By Application
   14.13 Market Attractiveness Analysis By Application
   14.14 Middle East & Africa (MEA) Nitinol-based Medical Devices Market Size Forecast By End-User
      14.14.1 Hospitals
      14.14.2 Clinics
      14.14.3 Ambulatory Surgical Care Centers
      14.14.4 Others
   14.15 Basis Point Share (BPS) Analysis By End-User
   14.16 Absolute $ Opportunity Assessment By End-User
   14.17 Market Attractiveness Analysis By End-User
Chapter 15 Competition Landscape
   15.1 Nitinol-based Medical Devices Market: Competitive Dashboard
   15.2 Global Nitinol-based Medical Devices Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 Abbott
      15.3.2 Arthrex, Inc.
      15.3.3 B. Braun Melsungen AG
      15.3.4 BD
      15.3.5 BIOTRONIK 
      15.3.6 Boston Scientific Corporation
      15.3.7 Cook
      15.3.8 Diagmed Healthcare
      15.3.9 ENDOSMART
      15.3.10 Medtronic
      15.3.11 Novatech SA
      15.3.12 Olympus Corporation of the Americas
      15.3.13 Terumo Medical Corporation
      15.3.14 W. L. Gore & Associates, Inc.
      15.3.15 Zimmer Biomet
Key Segments Covered
By Product
  • Nitinol Stents
  • Nitinol Guidewires
    • Orthodontic Guidewires
    • Endoscopic Guidewires
  • Nitinol Filters
  • Nitinol Baskets
  • Nitinol Catheters
  • Others
By Application
  • Orthopedic
  • Vascular
  • Dental
  • Gastroenterology
  • Others
By End-user
  • Hospitals
  • Clinics
  • Ambulatory Care Centers
  • Others
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • South East Asia (SEA)
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
Key Market Players Profiled in the Report
  • Abbott
  • Arthrex, Inc.
  • B. Braun Melsungen AG
  • Arctiko
  • BD
  • BIOTRONIK
  • Boston Scientific Corporation
  • Cook
  • Diagmed Healthcare
  • ENDOSMART
  • Medtronic
  • Olympus Corporation of the Americas
  • Terumo Medical Corporation
  • W. L. Gore & Associates, Inc.
  • Zimmer Biomet

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as nitinol stents, nitinol guidewires, etc.

According to this Growth Market Reports report, the market from nitinol-based medical device market shall probably to register a CAGR of 10.6% during forecast period 2020-2027, with an anticipated valuation of USD 30,899.4 million by the end of the 2027.

In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), other data such as pipeline analysis, recent advancements, and impact of key regulations is available in final report.

Hospitals, clinics, ambulatory surgical centers are the key end-user that are driving the nitinol-based medical devices market.

The rising prevalence of cardiovascular and peripheral arterial diseases, are expected to drive the market growth during forecast period.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness increment of over 5.1% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the nitinol-based medical devices market. The ongoing surgeries and rising demand for the nitinol-based medical device is expected to grow the production nitinol-based medical device market.

The base year considered for the global nitinol-based medical device market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures include, Abbott, Medtronic, Boston Scientific Corporation are the key players operating in the market.