Nitinol Catheter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Vascular Catheter, Cardiac Catheter, Other); End-users (Hospitals, Clinics, Ambulatory Surgery Centers, Others) and Geography
Report Code: TIPRE00022697 | No. of Pages: 150 | Category: Medical Device | Status: Upcoming
MARKET OVERVIEW
Nitinol is an alloy of nickel and titanium which is a unique class of shape-memory alloy. It is rapidly becoming a choice for composition of various medical devices in the healthcare industry. It has various technical properties such as shape-memory effect, super elasticity, and high damping capability. Nitinol is widely used to manufacture catheter tubes, guide wires, filters, needles, dental files and other surgical instruments.
MARKET SCOPE
The "Global Nitinol Catheter Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nitinol catheter market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading nitinol catheter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
Restraints
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nitinol catheter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nitinol catheter market in these regions.
IMPACT OF COVID-19 ON NITINOL CATHETER MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The market is anticipated to witness slight fluctuations due to worldwide lockdown, delayed supply of nitinol devices, business shutdown and closing of international trades. However, due to growing prevalence of the COVID-19 worldwide, the need of medical devices for surgeries has increased. Hence, this has increased the investment in medical devices research and development activities. Therefore, the demand for nitinol based products may upsurge and may result in significant growth of the market in the forecast period.
The report covers key developments in the nitinol catheter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from nitinol catheter market are anticipated to have lucrative growth opportunities in the future with the rising demand for nitinol catheter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nitinol catheter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Nitinol is an alloy of nickel and titanium which is a unique class of shape-memory alloy. It is rapidly becoming a choice for composition of various medical devices in the healthcare industry. It has various technical properties such as shape-memory effect, super elasticity, and high damping capability. Nitinol is widely used to manufacture catheter tubes, guide wires, filters, needles, dental files and other surgical instruments.
MARKET SCOPE
The "Global Nitinol Catheter Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nitinol catheter market with detailed market segmentation by product type, end user, and geography. The report provides key statistics on the market status of the leading nitinol catheter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global nitinol catheter market is segmented into vascular catheter, cardiac catheter, and other.
- On the basis of end-users, the market is bifurcated into hospitals, clinics, ambulatory surgery centers, and others.
MARKET DYNAMICS
Drivers
- Growing demand for minimally invasive procedures utilizing novel instruments and implants and rapidly aging population are factors driving the growth of the market.
- Wide applications of nitinol based products in medical field and rising number of vascular and orthopedic diseases surgeries boosts the growth of the market.
- Improving healthcare infrastructure along with rising adoption of technological advanced products propel the market growth.
- Increasing research and developments activities associated with nitinol fuel the market growth.
Restraints
- Growing innovation in polymer-based bioabsorbale catheter devices.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nitinol catheter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nitinol catheter market in these regions.
IMPACT OF COVID-19 ON NITINOL CATHETER MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The market is anticipated to witness slight fluctuations due to worldwide lockdown, delayed supply of nitinol devices, business shutdown and closing of international trades. However, due to growing prevalence of the COVID-19 worldwide, the need of medical devices for surgeries has increased. Hence, this has increased the investment in medical devices research and development activities. Therefore, the demand for nitinol based products may upsurge and may result in significant growth of the market in the forecast period.
The report covers key developments in the nitinol catheter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from nitinol catheter market are anticipated to have lucrative growth opportunities in the future with the rising demand for nitinol catheter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nitinol catheter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- B. Braun Melsungen
- Boston Scientific
- Terumo
- C. R. Bard
- Cook Medical
- Endosmart GmbH
- Medtronic
- Arthrex
- Abbott Laboratories
- W. L. Gore & Associates
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. B. Braun Melsungen
2. Boston Scientific
3. Terumo
4. C. R. Bard
5. Cook Medical
6. Endosmart GmbH
7. Medtronic
8. Arthrex
9. Abbott Laboratories
10. W. L. Gore and Associates
1. B. Braun Melsungen
2. Boston Scientific
3. Terumo
4. C. R. Bard
5. Cook Medical
6. Endosmart GmbH
7. Medtronic
8. Arthrex
9. Abbott Laboratories
10. W. L. Gore and Associates
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