Nitinol Medical Devices Market, By Product Type (Stents, Stone Retrieval Basket, Guidewires, and Other Product Types), By Application (Cardiovascular, Urology, Dentistry, and Other Applications), By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Nitinol is rapidly becoming a metal of choice for the composition of various medical devices in the healthcare industry. It is ideal for use in internal and external medical applications. Nitinol is also a great choice for medical devices that may be introduced into the body to perform a surgical procedure. Nitinol differs from other metals, and thus, manufacturers use it in medical devices.
Market Dynamics:
Increasing prevalence of cardiovascular, urologic, and dental diseases, rise in adoption of nitinol based medical products, rise in preference for minimally invasive surgeries, and increase in clinical applications of nitinol based products in the medical industry are major factors expected to drive growth of the global nitinol medical devices market over the forecast period.
For instance, in March 2022, Confluent Medical decided to set up a pilot manufacturing facility in Hyderabad for Nitinol products to cater to customers in India and Asia as part of its aggressive expansion plans over the next 12 months. Confluent offers array of Nitinol contract manufacturing services to medical devices industry. Moreover, in March 2019, Confluent Medical announced the launch of High-Performance Nitinol Tubing Center of Excellence to increasing market demand for high-performance nitinol tubing in challenging applications such as transcatheter heart valves, electrophysiology, neurovascular, and interventional pulmonary.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook