The competitive landscape of the global nitinol medical devices market features a number of leading players that are heavily concentrating on product development to reinforce their position. The leading companies are also additionally competing to extend their geographical reach by adopting aggressive strategies such as mergers and acquisitions. There are multiple factors that are helping to spur the development of the global nitinol medical device such as the growing pervasiveness of cardiovascular diseases, growing geriatric populace that are more susceptible to vein disorders, and expanding interest for minimally invasive surgeries. According to insights of the WHO, around 17.7 mn people experience the ill effects of cardiovascular disorders every year; cardiovascular illnesses represent 31% passing every year comprehensively.
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Global Nitinol Medical Devices Witness Most Promising Rise in Demand:
In terms of end-users, the report is segments the global nitinol therapeutic devices into emergency clinics, hospitals, ambulatory surgical centers, and others. In 2016, hospitals segment drove the global market and the pattern is foreseen to proceed over the given period of forecast. The development of medical clinics segment is ascribed to the expanding interest for minimally invasive medical procedures and expanding number of medical procedures for vascular and orthopedic illnesses. In any case, clinics and ambulatory service centers are expected to show a promising rate of growth over the course of the given period of forecast.
According to the report by TMR, The market is projected to reach to the value of US$ 25.65 bn by the end of the forecast period of 2017 to 2025 with a whopping CAGR of 8.2%.
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The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on product, application, and end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences the nitinol medical devices market in the current and future scenario. The report also provides key industry events and Porter’s five forces analysis for the market.
Global Nitinol Medical Devices Market: Companies Mentioned:
Some of the key players in the global nitinol devices market include names such as B.Braun Melsungen AG, C.R. Bard Inc., Arthrex Inc., Zimmer Biomet Holdings Inc., Cook Medical, Medtronic, W.L. Gore & Associates Inc., Terumo Corporation, Abbott Laboratories, Boston Scientific Corporation, and Endosmart GmbH.
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