The global demand for Nitinol Tube Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Nitinol is the alloy of the nickel and titanium having kink resistance, super elasticity and shape memory properties to meet the anatomical and physiological needs. Nitinol tube is a tubular structure that finds application in production of medical devices and tools such as catheters, guidewires, stone retrieval, peripheral stents, cardio stents, self-expanding stents and others. Apart from medical devices, it is used in the aerospace industry within the control panels, robotically controlled instruments, landing gear and thermal actuated controls.
Advancement in technologies and treatment methods for treating different medical conditions is driving the segment growth. Continuous new product development for optimizing its function to perform advanced surgeries creates higher demand for nitinol tubes. Furthermore, as per United Nations Department of Economic and Social Affairs, the world population is expected to increase to 8.5 billion by 2030 and 9.7 billion by 2050 which enhance the number of old population. In addition to this, rising occurrences of cardiovascular diseases is catalysing the market growth. Apart from this, improved technologies and rising number of cases of peripheral artery diseases because of hypertension, obesity and others.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of nitinol tube.
The entire nitinol tube market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Below 0.8 mm
- 0.8-1.8 mm
- Above 1.8 mm
- Vascular Interventional Apparatus
- Orthopaedics Instrument
- Neurological Apparatus
- Dental Equipment
- Cardiology Apparatus
- Aviation Equipment
This section covers regional segmentation which accentuates on current and future demand for nitinol tube market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Nitinol Tube Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the nitinol tube market include Vascotube, Memry, Johnson Matthey, Goodfellow, Ni-Ti Tubes, Confluent Maine, Xinghequan New Material. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.