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(Medical-NewsWire.com, October 16, 2017 ) Cardiovascular diseases are disorders caused by inflammation of veins and arteries due to deposition of fatty acids in blood vessels. Cardiovascular diseases are precursors to a heart stroke and can be symptomless for longer period. A heart attack or stroke can be a warning sign of vascular diseases. As per 2015 Heart Disease and Stroke Statistics Update of American Heart Association, around 85.6 million Americans are living with some type of cardiovascular disorder. More than 75% of CVD related fatalities occur in low-income and middle-income countries. Such high prevalence of vascular diseases across the globe is primarily attributed to large number of factors such as tobacco consumption, unhealthy diet, obesity, lack of physical exercise, and hypertension. Cardiovascular diseases usually arise due to narrowing of the arteries in the body causing insufficient flow of the blood. Stents are small expandable tubes that are used to treat narrowed arteries in the body through percutaneous coronary intervention. The flexibility of nitinol stents is 10 to 20 times greater than stainless steel stents. Nitinol stents are made of nickel-titanium alloy and are self-expanding i.e., they are compressed into a catheter and then pushed out of the catheter where they expand against the vessel wall. Therefore, an exclusive property of nitinol such as high resistance and super elasticity is the primary factor driving the market growth.
Wiring segment dominated the global market in 2016, due to large number of factors such as low cost of material, low resistance and corrosion property, more durability and utilization in wide range of application in medical fields such as orthopedics, endoscopy, and custom springs. Stents segment is expected to witness highest growth during the forecast period. This high growth rate is primarily attributed to increasing demand for minimum invasive surgeries and growing elderly population requiring better healthcare facilities.
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Nitinol Medical Devices Market, By Semi-finished Raw Material, Estimates and Forecast, 2016-2025 ($Million)
Wiring
Tubes
Others
Nitinol Medical Devices Market, By Final Medical Component, Estimates and Forecast, 2016-2025 ($Million)
Guide Wires
Stents
Others
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