North America Nitinol Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Nitinol Stents, Nitinol Guidewires, Nitinol Filters, Nitinol Basket, Nitinol Catheters, and Others) and Application (Orthopedic, Vascular, Dental, and Gastroenterology)

TIPRE00023596 | Pages: 130 | Medical Device | Jul 2021 | Type: Regional | Status: Published

Market Introduction

Nitinol refers to an alloy of nickel and titanium that is rapidly becoming a metal of choice for composition of various medical devices in the healthcare industry. Nitinol widely finds its applications as self-expanding grafts, baskets, filters, graft-supporting systems, and others. Nitinol alloys are most known for their super-elasticity and thermal shape memory.

 


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Market Overview and Dynamics

The North America nitinol medical devices market is expected to reach US$ 10,021.26 million by 2028 from US$ 7,255.12 million by 2021; it is estimated to grow with a CAGR of 7.5% from 2021 to 2028. The growth of the market is attributed to increasing adoption of minimally invasive surgeries (MIS) and growing prevalence of chronic diseases are boosting the market. However, the manufacturing challenges including joining and assembly, plating and coating, machining, and stamping, and forming are likely to hinder the market’s growth.

The use of minimally invasive surgeries has evolved the paradigm of the surgery in the medical science. The advantages of MIS such as smaller incisions, reduced pain, lower complications, minimal blood loss and shorter hospital stays have dramatically influenced the adoption of MIS. The increasing adoption of MIS is majorly backed by advantages of the MIS has equally contributed to leveraging the growth of nitinol medical devices specifically for robotic surgeries and laparoscopic procedures. According to a research article “Management of Patients after Laparoscopic Procedures” published in 2018, ~15 million laparoscopic procedures are performed each year across the world. Such increasing number of procedures through MIS is likely to drive the market during the forecast period. Also, growing prevalence of chronic diseases such as cardiovascular diseases (CVD) and peripheral vascular diseases (PVD), have widely demanded the advanced treatments with efficient and effective products. Therefore, considering the growing prevalence rate of chronic diseases it is expected that the demand for nitinol medical devices will be increasing, thereby leading to the market growth during the forecast period.

The countries in the North America have started vaccinating its population on a larger scale. This is expected to lower the intensity of COVID-19 pandemic in the region. Owing to which the patients post vaccination are undergoing the pending medical procedures such as the surgeries, dental treatments, and others. The healthcare systems in the region have regained its capacity since the start of the pandemic. However, the development of the advance treatments and reductions in the death rate has gained confidence in the doctors and patients. Thus, it is expected to have low negative impact on the nitinol medical devices market in the region.

 

Key Market Segments

The North America nitinol medical devices market, by product, is segmented into nitinol stents, nitinol guidewires, nitinol filters, nitinol baskets, nitinol catheters and others. In 2020, the nitinol stents segment held the largest share of the market, by product. And the same segment is estimated to grow at significant CAGR during the forecast period.

The North America nitinol medical devices market, by application, is segmented into orthopedic, vascular, dental and gastroenterology. In 2020, the vascular segment held the largest share of the market, by application. Also, similar segment is expected to grow at the fastest rate during the coming years.

 

Major Sources and Companies Listed

A few of the primary and secondary sources associated with this report on the North America nitinol medical devices market are the American Society for Testing and Materials (ASTM), Centers for Disease Control and Prevention (CDC), and Ministry of Health and Family Welfare (MoHFW).

 

Reasons to buy the report

  • Determine prospective investment areas based on a detailed trend analysis of North America nitinol medical devices market over the next years.
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  • Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels driving the North America nitinol medical devices market market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs undertaken by the different countries within the North America nitinol medical devices market.

 

NORTH AMERICA NITINOL MEDICAL DEVICES MARKET SEGMENTATION

By Product

  • Nitinol Stents
  • Nitinol Guidewires
    • Orthodontic Guidewires
    • Endoscopic Guidewires
  • Nitinol Filters
  • Nitinol Basket
  • Nitinol Catheters
  • Others

 

By Application

  • Orthopedic
  • Vascular
  • Dental
  • Gastroenterology

By Country

  • US
  • Canada
  • Mexico

Company Profiles

  • Health Catalyst, Inc.
  • Nextgen Healthcare Information System, LLC
  • McKesson Corporation
  • Optum, Inc.
  • Oracle Corporation
  • eClinicalWorks
  • Allscripts Healthcare, LLC
  • General Electric Company
  • Cerner Corporation
  • Orion Health group of companies

 

 

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Nitinol Medical Devices Market – By Product

1.3.2        Nitinol Medical Devices Market – By Application

1.3.3        Nitinol Medical Devices Market – By Country

2.           Nitinol Medical Devices Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Nitinol Medical Devices Market– Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        North America: PEST Analysis

4.3         Expert Opinion

5.           Nitinol Medical Devices Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Adoption of Minimally Invasive Surgeries (MIS)

5.1.2        Growing Prevalence of Chronic Diseases

5.2         Market Restraints

5.2.1        Manufacturing Challenges

5.3         Market Opportunities

5.3.1        Formation of Regulatory Guidelines

5.4         Future Trends

5.4.1        3D Printed Nitinol Stents

5.5         Impact Analysis

6.           Nitinol Medical Devices Market – North America Analysis

6.1         North America Nitinol Medical Devices Marker Revenue Forecast and Analysis

7.           Nitinol Medical Devices Market Analysis – By Product

7.1         Overview

7.2         Nitinol Medical Devices Market Revenue Share, by Product (2020 and 2028)

7.3         Nitinol Stents

7.3.1        Overview

7.3.2        Nitinol Stents: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.4         Nitinol Guidewires

7.4.1        Overview

7.4.2        Nitinol Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.4.3        Orthodontic Guidewires

7.4.3.1          Overview

7.4.3.2          Orthodontic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.4.4        Endoscopic Guidewires

7.4.4.1          Overview

7.4.4.2          Endoscopic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.5         Nitinol Filters

7.5.1        Overview

7.5.2        Nitinol Filters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.6         Nitinol Basket

7.6.1        Overview

7.6.2        Nitinol Basket: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.7         Nitinol Catheters

7.7.1        Overview

7.7.2        Nitinol Catheters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

7.8         Others

7.8.1        Overview

7.8.2        Others: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

8.           Nitinol Medical Devices Market Analysis – By Application

8.1         Overview

8.2         Nitinol Medical Devices Market Revenue Share, by Application (2020 and 2028)

8.3         Orthopedic

8.3.1        Overview

8.3.2        Orthopedic: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

8.4         Vascular

8.4.1        Overview

8.4.2        Vascular: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

8.5         Dental

8.5.1        Overview

8.5.2        Dental: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

8.6         Gastroenterology

8.6.1        Overview

8.6.2        Gastroenterology: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

9.           Nitinol Medical Devices Market – North America Analysis

9.1         North America: Nitinol Medical Devices Market Revenue and Forecast to 2028

9.1.1        Overview

9.1.2        North America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)

9.1.3        US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.1          US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.3.2          US: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.3.2.1          US: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

9.1.3.3          US: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)

9.1.4        Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.1          Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.4.2          Canada: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.4.2.1          Canada: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

9.1.4.3          Canada: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)

9.1.5        Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.1          Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2          Mexico: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)

9.1.5.2.1          Mexico: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

9.1.5.3          Mexico: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)

10.        Impact of COVID-19 Pandemic on North America Nitinol Medical Devices Market

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Organic Developments

11.2.1     Overview

11.3      Inorganic Developments

11.3.1     Overview

12.        Company Profiles

12.1      Cook Medical LLC

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Abbott

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Zimmer Biomet

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      B. Braun Melsungen AG

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Boston Scientific Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      BD

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Arthrex, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      W. L. Gore and Associates, Inc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Terumo Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   NORDSON CORPORATION

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About the Insight Partners

13.2      Glossary of Terms

 

LIST OF TABLES

Table 1.             US: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 2.             US: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

Table 3.             US: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 4.             Canada: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 5.             Canada: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

Table 6.             Canada: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7.             Mexico: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)

Table 8.             Mexico: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)

Table 9.             Mexico: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10.          Organic Developments Done by Companies

Table 11.          Inorganic Developments Done by Companies

Table 12.          Glossary of Terms, Nitinol Medical Devices Market

 

LIST OF FIGURES

Figure 1.           Nitinol Medical Devices Market Segmentation

Figure 2.           Nitinol Medical Devices Market – By Country

Figure 3.           Nitinol Medical Devices Market Overview

Figure 4.           Nitinol Stents Segment Held Largest Share of Nitinol Medical Devices Market by Product

Figure 5.           North America Nitinol Medical Devices Market – Leading Country Markets (US$ Million)

Figure 6.           North America: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           Nitinol Medical Devices Market Impact Analysis of Drivers and Restraints

Figure 9.           North America Nitinol Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028

Figure 10.        Nitinol Medical Devices Market Revenue Share, by Product (2020 and 2028)

Figure 11.        Nitinol Stents: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 12.        Nitinol Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Orthodontic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Endoscopic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Nitinol Filters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Nitinol Basket: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Nitinol Catheters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Nitinol Medical Devices Market Revenue Share, by Application (2020 and 2028)

Figure 20.        Orthopedic: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Vascular: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Dental: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Gastroenterology: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America: Nitinol Medical Devices Market, by Key Country – Revenue (2020) (USD Million)

Figure 25.        North America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)

Figure 26.        US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 27.        Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 28.        Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)

Figure 29.        Impact of COVID-19 Pandemic in North American Countries Markets

 

 

  1. Cook Medical LLC
  2. Abbott
  3. Zimmer Biomet
  4. B. Braun Melsungen AG
  5. Boston Scientific Corporation
  6. BD
  7. Arthrex, Inc
  8. W. L. Gore and Associates, Inc.
  9. Terumo Corporation
  10. NORDSON CORPORATION
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