Self-expanding Nitinol Stent: Innovative Technology for Peripheral Vascular Disease

  • Nitinol stent is a small tube of mesh made of nitinol material, which is used for the treatment of narrowed and weakened arteries or veins
  • It is implanted in the blood vessels through a procedure called percutaneous coronary intervention (PCI), also known as coronary angioplasty
  • Self-expanding Nitinol stents have revolutionized the treatment of peripheral vascular disease. Self-expandable highly flexible closed-cell stent is mounted on a flexible delivery wire and is delivered through a standard microcatheter.
  • Tantalum markers are attached to each side of the stent in order to facilitate visualization. The stent is partially retractable, which allows repositioning. These stents are available in different sizes and of different diameter.

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Key Drivers and Restraints of Global Self-expanding Nitinol Stent Market

  • Rising prevalence of peripheral vascular disease across the world is a major driving force for the rise in regulatory approval of self-expanding nitinol stents
  • For instance, as per the Elsevier Inc., around 236·6 million people aged 25 years and older were living with peripheral artery disease worldwide in 2015
  • Emergence of novel class of metallic alloys and technological advancements in the electroplating of metal alloys are key factors boosting the global self-expanding nitinol stent market
  • Moreover, regulatory approval of innovative self-expanding stent systems in different regions is also fuelling the self-expanding nitinol stent market

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Low awareness and adoption of self-expanding Nitinol stent hamper market

  • Low awareness regarding novel alloys, such as nitinol, in developing countries is expected to restrain the self-expanding nitinol stent market
  • Stringent regulatory norms in terms of specifications and risks associated with use of stent are also hampering the global self-expanding nitinol stent market

Laser-cut self-expanding nitinol stent is dominant product type segment

  • Based on product type, the global self-expanding nitinol stent market can be divided into laser-cut self-expanding nitinol stent, braided self-expanding nitinol stent, and coil self-expanding nitinol stent
  • Laser-cut self-expanding nitinol stent dominated the global market due to higher quality product and material savings due to laser-cutting technique

Cardiovascular system is highly lucrative application segment

  • In terms of application, the global self-expanding nitinol stent market can be segmented into cardiovascular system, urinary system, digestive system, and others
  • The cardiovascular system segment accounted for a major share of the market in 2019. It is expected to a highly promising segment during the forecast period.
  • Increase in prevalence of cardiovascular diseases, rise in adoption of metal stents in cardiovascular diseases, and development of novel products are major factors driving the cardiovascular system segment of the market

Hospitals is the dominant end-user segment

  • Based on end-user, the global self-expanding nitinol stent market can be classified into hospitals, ambulatory surgery centers, clinics, and others
  • The hospitals segment dominated the global self-expanding nitinol stent market due to a rise in number of hospital admissions, favorable reimbursement scenario, and availability of advanced products at hospitals

North America to Lead the Global Market for Self-expanding Nitinol Stent

  • In terms of region, the global self-expanding nitinol stent market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global self-expanding nitinol stent market in 2019 due to rising prevalence of peripheral vascular diseases, favorable reimbursement scenario, and recent U.S. FDA approvals for self-expanding nitinol stent
  • For instance, as per Centers for Disease Control and Prevention (CDC), around 4.5 million adults in the U.S. were diagnosed with liver diseases in 2018
  • Asia Pacific is projected to be a highly lucrative market during the forecast period owing to an increase in the geriatric population, which is more prone to peripheral artery diseases, rise in awareness about advanced medical devices, and improvement in healthcare infrastructure in the region

Key Manufacturers Operating in Global Market

 Key manufacturers operating in the global market are:

  • Boston Scientific Corporation
  • B.Braun Melsungen AG
  • Becton, Dickinson, and Company (BD)
  • Cardinal Health
  • Stryker Corporation
  • Merit Medical Systems
  • Cook Group Incorporated
  • Terumo Medical Corporation
  • Vascular Concepts
  • RONTIS

Global Self-expanding Nitinol Stent Market: Research Scope

Global Self-expanding Nitinol Stent Market, by Product Type

  • Laser-cut Self-expanding Nitinol Stent
  • Braided Self-expanding Nitinol Stent
  • Coil Self-expanding Nitinol Stent

Global Self-expanding Nitinol Stent Market, by Application

  • Cardiovascular System
  • Digestive System
  • Urinary System
  • Others

Global Self-expanding Nitinol Stent Market, by End-user

  • Hospitals
  • Ambulatory Surgery Centers
  • Clinics
  • Others

Global Self-expanding Nitinol Stent Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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Self-expanding Nitinol Stent Market