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Asia Pacific Nitinol Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product and Application

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    Report

  • 141 Pages
  • July 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5416526
The nitinol stents segment by product is estimated to lead the market growth during the forecast period.

According to a new market research study of “Asia Pacific Nitinol Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product, Application and Country.” The Asia Pacific nitinol medical devices market is expected to reach US$ 6,042.05 million by 2028 from US$ 3,581.36 million in 2021; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. The report highlights trends prevailing in the Asia Pacific nitinol medical devices market and the factors driving market along with those that act as hindrances.

The Asia Pacific nitinol medical devices market, by product, is segmented into nitinol stents, nitinol guidewires, nitinol filters, nitinol baskets, nitinol catheters and others. In 2020, the nitinol stents segment held the largest share of the market, by product. And the same segment is estimated to grow at significant CAGR during the forecast period.

The use of minimally invasive surgeries has evolved the paradigm of the surgery in the medical science. 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. The increasing adoption of MIS is majorly backed by advantages of the MIS has equally contributed to leveraging the growth of nitinol medical devices specifically for robotic surgeries and laparoscopic procedures. According to a research article “Management of Patients after Laparoscopic Procedures” published in 2018, ~15 million laparoscopic procedures are performed each year across the world. Such increasing number of procedures through MIS is likely to drive the market during the forecast period. Additionally, there is a growing demand for nitinol stents across the world to treat the increasing prevalence of CVD and PVD. Hence, various researches are being conducted across the regions to develop 3D printed nitinol stents. Such innovations in the field of nitinol medical devices have leveraged more product development, which is expected to be a trend setter for companies operating in the market. Nevertheless, the growing technological advancements are likely to influence the growth of market during the forecast period.

Countries in Asia Pacific are expecting to witness huge challenge due to growing COVID-19. Considering the economic operations and geographic condition, the outbreak of disease has affected on manufacturers of medical equipment, accessories and other problems posed by shortage of healthcare infrastructure in Asia-Pacific low-income countries. Owing to which the patients post vaccination are undergoing the pending medical procedures such as the surgeries, dental treatments, and others. The healthcare systems in the region have regained its capacity since the start of the pandemic. However, the development of the advance treatments and reductions in the death rate has gained confidence in the doctors and patients. Thus, it is expected to have low negative impact on the nitinol medical devices market in the region.

The growth of the market is attributed to increasing adoption of minimally invasive surgeries (MIS) and growing technological advancements in nitinol devices across globe are boosting the market. However, the manufacturing challenges including joining and assembly, plating and coating, machining, and stamping, and forming are likely to hinder the market’s growth.

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 are among the leading companies operating in the Asia Pacific nitinol medical devices market.

The report segments in Asia Pacific Nitinol Medical Devices Market as follows:


By Product

  • Nitinol Stents
  • Nitinol Guidewires
  • Orthodontic Guidewires
  • Endoscopic Guidewires
  • Nitinol Filters
  • Nitinol Basket
  • Nitinol Catheters
  • Others

By Application

  • Orthopedic
  • Vascular
  • Dental
  • Gastroenterology

By Country

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific nitinol medical devices market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific nitinol medical devices market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 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 Country
2. Nitinol Medical Devices Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Nitinol Medical Devices Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific: 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 - Asia Pacific Analysis
6.1 Asia Pacific Nitinol Medical Devices Marker Revenue Forecast and Analysis
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 - Asia Pacific Analysis
9.1 Asia-Pacific Nitinol Medical Devices Market Revenue and Forecast to 2028
9.1.1 Overview
9.1.2 Asia Pacific: Nitinol Medical Devices Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
9.1.3 China: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.3.1 China Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.3.2 China: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.3.2.1 China Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.3.3 China: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
9.1.4 Japan: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.4.1 Japan Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.4.2 Japan: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.4.2.1 Japan Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.4.3 Japan: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
9.1.5 India: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.5.1 India Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.5.2 India: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.5.2.1 India Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.5.3 India: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
9.1.6 Australia: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Australia Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.6.2 Australia: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.6.2.1 Australia Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Australia: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
9.1.7 South Korea: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.7.1 South Korea Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.7.2 South Korea: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.7.2.1 South Korea Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.7.3 South Korea: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
9.1.8 Rest of Asia Pacific: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Rest of Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
9.1.8.2 Rest of Asia Pacific: Nitinol Medical Devices Market, by Product, 2019-2028 (USD Million)
9.1.8.2.1 Rest of Asia Pacific Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Rest of Asia Pacific: Nitinol Medical Devices Market, by Application, 2019-2028 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Nitinol Medical Devices Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 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
13.2 Glossary of Terms
List of Tables
Table 1. China: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 2. China Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 3. China: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 4. Japan: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 5. Japan Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 6. Japan: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 7. India: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 8. India Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 9. India: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 10. Australia: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 11. Australia Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 12. Australia: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 13. South Korea: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 15. South Korea: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of Asia Pacific: Nitinol Medical Devices Market, by Product - Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Asia Pacific Nitinol Medical Devices Market, by Nitinol Guidewires - Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Asia Pacific: Nitinol Medical Devices Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 19. Organic Developments Done by Companies
Table 20. Inorganic Developments Done by Companies
Table 21. Glossary of Terms, Nitinol Medical Devices Market
List of Figures
Figure 1. Nitinol Medical Devices Market Segmentation
Figure 2. Nitinol Medical Devices Market - By Country
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 Nitinol Medical Devices Market - Leading Country Markets (US$ Million)
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Nitinol Medical Devices Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Nitinol Medical Devices Market - Revenue Forecast and Analysis - 2020 - 2028
Figure 10. Nitinol Medical Devices Market Revenue Share, by Product (2020 and 2028)
Figure 11. Nitinol Stents: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Nitinol Guidewires: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Orthodontic Guidewires: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Endoscopic Guidewires: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Nitinol Filters: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Nitinol Basket: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Nitinol Catheters: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Nitinol Medical Devices Market Revenue Share, by Application (2020 and 2028)
Figure 20. Orthopedic: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. Vascular: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Dental: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Gastroenterology: Nitinol Medical Devices Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific Nitinol Medical Devices Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 25. Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028, By Country, (2020 & 2028) (%)
Figure 26. China Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Japan Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 28. India Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Australia Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. South Korea Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. Rest of Asia Pacific Nitinol Medical Devices Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Impact of COVID-19 Pandemic in Asia-Pacific Countries Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information