The nitinol medical devices market was valued at US$ 15,807.53 million in 2020 and is projected to reach US$ 27,327.25 million by 2028; it is expected to grow at a CAGR of 7.2% during 2021-2028.
The use of minimally invasive surgeries has evolved the paradigm of the surgery in the medical science. The growth of innovative technologies has resulted in increased interest, awareness, clinical trial and evaluation, and eventually adoption of MIS. Types of MIS such as laparoscopy surgery, robotic surgery, endoscopic mucosal resection, and endovascular surgery are widely adopted in various countries worldwide. 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.
Minimally invasive surgeries require medical instruments or devices such as guiding catheters, guidewires, stents, filters, inflators, insufflators and insufflator needles, and closure devices due to flexible nature. As these devices are inserted through small incision, they need high flexibility, biocompatibility, strength, elasticity, and safety. Therefore, nitinol is widely preferred to design the above-listed devices. Along with the properties mentioned above, nitinol has the shape retaining property, which has accelerated its use in designing medical devices for MIS. Thus, owing to the above-mentioned unique features of nitinol, there is a significant use of nitinol-based medical devices for MIS.
Lucrative Regions for Nitinol Medical Devices Market
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Market Insights
Nitinol refers to an alloy of nickel and titanium that is rapidly becoming a metal of choice for the 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. Chronic diseases are among the prime factors that have escalated the demand for nitinol medical devices such as stents, guidewires, catheters, orthopedic implants and staples, and orthodontic arch wires. Several chronic diseases such as cardiovascular diseases (CVD) and peripheral vascular diseases (PVD), urology and gastroenterology cancers, severe orthopedic injuries, and dental deformities have widely demanded the advanced treatments with efficient and effective products. The chronic diseases have affected the health and quality of people worldwide.
In addition, chronic diseases cause maximum deaths in the countries across the world. For instance, CVD is highly prevalent in developed and developing countries. It is among the largest contributors to the overall deaths in the world. According to the World Health Organization (WHO) data published in 2017, nearly 17.9 million people have died due to CVD in 2016. The number of deaths represented 31% of the total deaths occurred globally. Among the 17.9 million, ~85% of deaths were due to heart attack and stroke. However, the advancements in medical science have enabled the early diagnosis of risk of severe CVD. There is an easy availability of treatments to improve quality of life. In addition, the procedures such as angioplasty that place balloons or stents in the blood vessels have allowed the use of nitinol medical devices. Majority of the stents, grafts, and balloons are made from nitinol. Also, the guiding guidewires and catheters used during the procedures are widely made from nitinol.
Product:Technology Insights
In terms of product, the global nitinol medical devices market is segmented into nitinol stents, nitinol guidewires, nitinol filters, nitinol basket, nitinol catheters, and others. The nitinol stents segment held the largest share of the market in 2020. Also, the same segment is expected to continue its dominance and register the highest CAGR in the market during the forecast period.
Nitinol Medical Devices Market, by Product – 2020 and 2028
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Application: Insights
Based on application, the global nitinol medical devices market is segmented into orthopedic, vascular, dental, and gastroenterology. The vascular segment held the largest share of the market in 2020, and it is expected to register the highest CAGR during the forecast period. .Nitinol is used by various medical device manufacturers in the global market. The nitinol medical devices have applications in different cardiovascular disorders. For instance, cerebral aneurysm is a condition in which there is a swelling of the weak walls of arteries located in the brain. It may result into an abnormal widening of the blood vessels. The weakness of the wall of artery can lead to rupture of the blood vessels. The brain aneurysm can be possibly treated with various procedures, such as surgical clipping, endovascular coiling techniques, flow diversion, flow disruption, and other medications. The procedures are done by using various medical devices, such as coils and stents catheters. The rising incidence of brain aneurysm are observed among the people who suffer from high blood pressure, cigarette smoking, and drug abuse. The changing lifestyle of people across the world is leading to the increase in the blood pressure, which further can result into brain aneurysm. Thus, the rising incidence of indications such as brain aneurysms is likely to increase the demand for the nitinol medical devices during the forecast period.
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Nitinol Medical Devices Market: Strategic Insights
Market Size Value in US$ 15,807.53 Million in 2020 Market Size Value by US$ 27,327.25 Million by 2028 Growth rate CAGR of 7.2% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Nitinol Medical Devices Market: Strategic Insights
| Market Size Value in | US$ 15,807.53 Million in 2020 |
| Market Size Value by | US$ 27,327.25 Million by 2028 |
| Growth rate | CAGR of 7.2% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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By Product
- Nitinol Stents
- Nitinol Guidewires
- Orthodontic Guidewires
- Endoscopic Guidewires
- Nitinol Filters
- Nitinol Basket
- Nitinol Catheters
- Others
By Application
- Orthopedic
- Vascular
- Dental
- Gastroenterology
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Cook Medical LLC
- Abbott
- Zimmer Biomet
- B. Braun Melsungen AG
- Boston Scientific Corporation
- BD
- Arthrex, Inc.
- W. L. Gore and Associates, Inc.
- Terumo Corporation
- Nordson Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application , and Geograpy
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The global nitinol medical devices market is being driven by factors such as increasing adoption of minimally invasive surgeries (MIS) and growing prevalence of chronic diseases is likely to offer significant opportunities for the growth of the global nitinol medical devices market.
The manufacturing challenges in nitinol medical devices s is the significant factor that will hinder the nitinol medical devices market growth.
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 Geography
2. Nitinol Medical Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Nitinol Medical Devices Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America: PEST Analysis
4.2.2 Europe: PEST Analysis
4.2.3 Asia Pacific: PEST Analysis
4.2.4 Middle East and Africa: PEST Analysis
4.2.5 South and Central 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 – Global Analysis
6.1 Global Nitinol Medical Devices Marker Revenue Forecast and Analysis
6.2 Global Nitinol Medical Devices Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
6.4 Average Selling Prices of Products, Globally
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 – Geographical 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 – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.1.3.1 North America: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.1.4 North America: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.1.5 North America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
9.1.6 US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 US: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.1.6.2.1 US: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 US: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.1.7 Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Canada: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.1.7.2.1 Canada: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Canada: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.1.8 Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Mexico: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.1.8.2.1 Mexico: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Mexico: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.2 Europe: Nitinol Medical Devices Market Revenue and Forecast to 2028
9.2.1 Overview
9.2.2 Europe: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.2.3 Europe: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.3.1 Europe Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.4 Europe: Nitinol Medical Devices Market, by Application2019–2028 (USD Million)
9.2.5 Europe: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
9.2.6 Germany: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.6.1 Germany: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.6.2 Germany: Nitinol Medical Devices Market, by Product 2019–2028 (USD Million)
9.2.6.2.1 Germany Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.6.3 Germany: Nitinol Medical Devices Market, by Application 2019–2028 (USD Million)
9.2.7 UK: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.1 UK: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.2 UK: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.7.2.1 UK Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.7.3 UK: Nitinol Medical Devices Market, by Application 2019–2028 (USD Million)
9.2.8 France: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.1 France: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.2 France: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.8.2.1 France Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.8.3 France: Nitinol Medical Devices Market, by Application2019–2028 (USD Million)
9.2.9 Italy: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.1 Italy: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.2 Italy: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.9.2.1 Italy Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.9.3 Italy: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.2.10 Spain: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.1 Spain: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.2 Spain: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.10.2.1 Spain Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.10.3 Spain: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.2.11 Rest of Europe: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.11.1 Overview
9.2.11.2 Rest of Europe: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.2.11.3 Rest of Europe: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.2.11.3.1 Rest of Europe Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.2.11.4 Rest of Europe: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3 Asia-Pacific Nitinol Medical Devices Market Revenue and Forecast to 2028
9.3.1 Overview
9.3.2 Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.3 Asia Pacific: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.3.1 Asia Pacific: Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.4 Asia Pacific: Nitinol Medical Devices Market, by Application2019–2028 (USD Million)
9.3.5 Asia Pacific: Nitinol Medical Devices Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
9.3.6 China: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.6.1 China Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.6.2 China: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.6.2.1 China Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.6.3 China: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3.7 Japan: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.7.1 Japan Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.7.2 Japan: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.7.2.1 Japan Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.7.3 Japan: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3.8 India: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.8.1 India Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.8.2 India: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.8.2.1 India Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.8.3 India: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3.9 Australia: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.9.1 Australia Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.9.2 Australia: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.9.2.1 Australia Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.9.3 Australia: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3.10 South Korea: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.10.1 South Korea Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.10.2 South Korea: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.10.2.1 South Korea Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.10.3 South Korea: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.3.11 Rest of Asia Pacific: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.3.11.1 Rest of Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.3.11.2 Rest of Asia Pacific: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.3.11.2.1 Rest of Asia Pacific Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.3.11.3 Rest of Asia Pacific: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.4 Middle East & Africa: Nitinol Medical Devices Market Revenue and Forecast to 2028
9.4.1 Overview
9.4.2 Middle East and Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.3 Middle East and Africa: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.4.3.1 Middle East and Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.4.4 Middle East and Africa: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.4.5 Middle East and Africa: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
9.4.6 Saudi Arabia: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.6.1 Saudi Arabia: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.6.2 Saudi Arabia: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.4.6.2.1 Saudi Arabia Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.4.6.3 Saudi Arabia: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.4.7 UAE: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.7.1 UAE: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.7.2 UAE: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.4.7.2.1 UAE Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.4.7.3 UAE: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.4.8 South Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.8.1 South Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.8.2 South Africa: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.4.8.2.1 South Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.4.8.3 South Africa: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.4.9 Rest of Middle East and Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.9.1 Rest of Middle East and Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.4.9.2 Rest of Middle East and Africa: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.4.9.2.1 Rest of Middle East and Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
9.4.9.3 Rest of Middle East and Africa: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.6 South and Central America: Nitinol Medical Devices Market Revenue and Forecast to 2028
9.6.1 Overview
9.6.2 South and Central America: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.3 South and Central America: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.6.3.1 South and Central America: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.6.4 South and Central America: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.6.5 South and Central America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
9.6.6 Brazil: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.6.1 Brazil: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.6.2 Brazil: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.6.6.2.1 Brazil: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.6.6.3 Brazil: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.6.7 Argentina: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.7.1 Argentina: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.7.2 Argentina: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.6.7.2.1 Argentina: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.6.7.3 Argentina: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
9.6.8 Rest of South and Central America: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.8.1 Rest of South and Central America: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
9.6.8.2 Rest of South and Central America: Nitinol Medical Devices Market, by Product, 2019–2028 (USD Million)
9.6.8.2.1 Rest of South and Central America: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
9.6.8.3 Rest of South and Central America: Nitinol Medical Devices Market, by Application, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on Global Nitinol Medical Devices Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment Of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 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. Average Selling Prices of Products, Globally
Table 2. North America: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 3. North America: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 4. North America: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. US: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. US: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 7. US: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 10. Canada: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 15. Europe Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 16. Europe Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 17. Germany Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 18. Germany Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 19. Germany Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 20. UK Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 21. UK Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 22. UK Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 23. France Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 24. France Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 25. France Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 26. Italy: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 27. Italy Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 28. Italy: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 29. Spain: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 30. Spain Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 31. Spain: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 32. Rest of Europe: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 33. Rest of Europe Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 34. Rest of Europe: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 37. Asia Pacific Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 38. China: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 39. China Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 40. China: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 41. Japan: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 42. Japan Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 43. Japan: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 44. India: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 45. India Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 46. India: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 47. Australia: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 48. Australia Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 49. Australia: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 50. South Korea: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 51. South Korea Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 52. South Korea: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of Asia Pacific: Nitinol Medical Devices Market, by Product– Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of Asia Pacific Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 55. Rest of Asia Pacific: Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 56. Middle East and Africa Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 57. Middle East and Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 58. Middle East and Africa Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 59. Saudi Arabia Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 60. Saudi Arabia Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 61. Saudi Arabia Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 62. UAE Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 63. UAE Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 64. UAE Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 65. South Africa Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 66. South Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 67. South Africa Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 68. Rest of Middle East and Africa Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 69. Rest of Middle East and Africa Nitinol Medical Devices Market, by Nitinol Guidewires– Revenue and Forecast to 2028 (USD Million)
Table 70. Rest of Middle East and Africa Nitinol Medical Devices Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 71. South and Central America: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 72. South and Central America: Nitinol Medical Devices Market, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 73. South and Central America: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 74. Brazil: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 75. Brazil: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 76. Brazil: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 77. Argentina: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 78. Argentina: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 79. Argentina: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 80. Rest of South and Central America: Nitinol Medical Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 81. Rest of South and Central America: Nitinol Medical Devices, by Nitinol Guidewires – Revenue and Forecast to 2028 (USD Million)
Table 82. Rest of South and Central America: Nitinol Medical Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 83. Organic Developments Done by Companies
Table 84. Inorganic Developments Done by Companies
Table 85. Glossary of Terms, Nitinol Medical Devices Market
LIST OF FIGURES
Figure 1. Nitinol Medical Devices Market Segmentation
Figure 2. Nitinol Medical Devices Market – By Geography
Figure 3. Nitinol Medical Devices Market Overview
Figure 4. Nitinol Stents Segment Held Largest Share of Nitinol Medical Devices Market by Product
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Nitinol Medical Devices Market, by Geography (US$ Million)
Figure 7. Global Nitinol Medical Devices Market – Leading Country Markets (US$ Million)
Figure 8. Global Nitinol Medical Devices Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. Middle East and Africa: PEST Analysis
Figure 13. South and Central America: PEST Analysis
Figure 14. Expert Opinion
Figure 15. Nitinol Medical Devices Market Impact Analysis of Drivers and Restraints
Figure 16. Global Nitinol Medical Devices Market – Revenue Forecast and Analysis – 2020- 2028
Figure 17. Global Nitinol Medical Devices Market – By Geography Forecast and Analysis – 2020- 2028
Figure 18. Market Positioning of Key Players in Global Nitinol Medical Devices Market
Figure 19. Nitinol Medical Devices Market Revenue Share, by Product (2020 and 2028)
Figure 20. Nitinol Stents: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Nitinol Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Orthodontic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Endoscopic Guidewires: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. Nitinol Filters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Nitinol Basket: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. Nitinol Catheters: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Nitinol Medical Devices Market Revenue Share, by Application (2020 and 2028)
Figure 29. Orthopedic: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 30. Vascular: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 31. Dental: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 32. Gastroenterology: Nitinol Medical Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Nitinol Medical Devices Market, by Key Country – Revenue (2020) (USD Million)
Figure 34. North America Nitinol Medical Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 35. North America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
Figure 36. US: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Canada: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. Mexico: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. Europe: Nitinol Medical Devices Market, by Key Country – Revenue (2020) (USD Million)
Figure 40. Europe Nitinol Medical Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 41. Europe: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
Figure 42. Germany: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. UK: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 44. France: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 45. Italy: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 46. Spain: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 47. Rest of Europe: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 48. Asia Pacific Nitinol Medical Devices Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 49. Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 50. Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
Figure 51. China Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 52. Japan Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 53. India Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 54. Australia Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 55. South Korea Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 56. Rest of Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 57. Middle East and Africa: Nitinol Medical Devices Market, by Key Country – Revenue (2020) (USD Million)
Figure 58. Middle East and Africa Nitinol Medical Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 59. Middle East and Africa: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
Figure 60. Saudi Arabia: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 61. UAE: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 62. South Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 63. Rest of Middle East and Africa: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 64. South and Central America: Nitinol Medical Devices Market, by Key Country – Revenue (2020) (USD Million)
Figure 65. South and Central America Nitinol Medical Devices Market Revenue and Forecast to 2028 (USD Million)
Figure 66. South and Central America: Nitinol Medical Devices Market, by Country, 2020 & 2028 (%)
Figure 67. Brazil: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 68. Argentina: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 69. Rest of South and Central America: Nitinol Medical Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 70. Impact of COVID-19 Pandemic in North American Countries Markets
Figure 71. Impact of COVID-19 Pandemic in European Countries Markets
Figure 72. Impact of COVID-19 Pandemic in Asia-Pacific Countries Markets
Figure 73. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 74. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets
Figure 75. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Nitinol Medical Devices Market
- Cook Medical LLC
- Abbott
- Zimmer Biomet
- B. Braun Melsungen AG
- Boston Scientific Corporation
- BD
- Arthrex, Inc.
- W. L. Gore and Associates, Inc.
- Terumo Corporation
- Nordson Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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