Global Nitinol Medical Devices Market to Reach $28.8 Billion by 2030
The global market for Nitinol Medical Devices estimated at US$18.1 Billion in the year 2023, is expected to reach US$28.8 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2023-2030. Nitinol Stents, one of the segments analyzed in the report, is expected to record a 7.8% CAGR and reach US$10.5 Billion by the end of the analysis period. Growth in the Nitinol Guidewires segment is estimated at 7.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.5 Billion, While China is Forecast to Grow at 6.3% CAGR
The Nitinol Medical Devices market in the U.S. is estimated at US$5.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 5.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
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