Key Players| Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO
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QY Research has come up with a newly published report on global Nitinol-based Medical Device market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting. The report highlights the Nitinol-based Medical Device market size and CAGR of the important segments, thus providing quick relevant information about the global Nitinol-based Medical Device market.
Nitinol is a special metal that have the ability to restore their original shape after severe deformation. The nitinol medical devices include nitinol stents, nitinol guidewires, nitinol filters.
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The classification of Nitinol-based Medical Device includes Stents, Guidewires and other. The proportion of Guidewires in 2016 is about 44.37%, and the proportion of Stents in 2016 is about 6.7%.
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Based on application, the nitinol medical devices market is segmented into orthopedic, vascular, dental, gastroenterology, and others. The vascular segment accounted for larger market share in terms of sales in 2016, vascular segmented accounted for more than 64% of the market share in 2016 due to increasing demand and adoption of nitinol-based stents for vascular surgeries.
The increasing number of dental implants and increasing demand for nitinol-based product is expected to drive the growth of the nitinol medical devices market.
North America region is the largest supplier of Nitinol-based Medical Device, with a production market share nearly 61.5% in 2016. Europe is the second largest supplier of Nitinol-based Medical Device, enjoying production market share about 23.7% in 2016.
North America is the largest consumption place, with a consumption market share nearly 48.5% in 2016. Following North America, Europe is the second largest consumption place with the consumption market share of 25.8% in 2016.
Market competition is intense among the top 5. Medtronic, Edwards Lifesciences, Abbott, Boston Scientific, TERUMO are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
In the future, the Nitinol-based Medical Device will have a good future; the price fluctuation has relationship with the raw material. The technology will more mature and the industry is more dispersion.
The global Nitinol-based Medical Device market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
Major Key Manufacturers of Nitinol-based Medical Device Market are:
C. R. Bard
Nitinol-based Medical Device market includes market size, segmentation data and geographical analysis of market growth trends, leading companies, and microeconomic information.
Major Classification as follows:
Major Application as follows:
Orthopedic & Dental
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Detail information on competitive landscape, Nitinol-based Medical Device recent market trends and changing technologies that can be useful for the companies which are competing in the Nitinol-based Medical Device industry.
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