Nitinol Market Size, Share, and Trends 2024 to 2034

The global nitinol market size is calculated at USD 2.46 billion in 2025 and is forecasted to reach around USD 4.76 billion by 2034, accelerating at a CAGR of 7.60% from 2025 to 2034. The North America market size surpassed USD 820 million in 2024 and is expanding at a CAGR of 7.81% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : April 2025
  • Report Code : 5852
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Nitinol Market 

5.1. COVID-19 Landscape: Nitinol Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Nitinol Market, By Type

8.1. Nitinol Market Revenue and Volume, by Type

8.1.1 1-Way Memory Effect

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. 2-Way Memory Effect

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Full Memory Effect

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Nitinol Market, By Product

9.1. Nitinol Market Revenue and Volume, by Product

9.1.1. Nitinol Wires

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Nitinol Tubing

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Others

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Nitinol Market, By Application

10.1. Nitinol Market Revenue and Volume, by Application

10.1.1. Medical

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Aircraft

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Automotive

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Home Appliances

10.1.4.1. Market Revenue and Volume Forecast

Chapter 11. Global Nitinol Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Type

11.1.2. Market Revenue and Volume Forecast, by Product

11.1.3. Market Revenue and Volume Forecast, by Application

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Type

11.1.4.2. Market Revenue and Volume Forecast, by Product

11.1.4.3. Market Revenue and Volume Forecast, by Application

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Type

11.1.5.2. Market Revenue and Volume Forecast, by Product

11.1.5.3. Market Revenue and Volume Forecast, by Application

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Type

11.2.2. Market Revenue and Volume Forecast, by Product

11.2.3. Market Revenue and Volume Forecast, by Application

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Type

11.2.4.2. Market Revenue and Volume Forecast, by Product

11.2.4.3. Market Revenue and Volume Forecast, by Application

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Type

11.2.5.2. Market Revenue and Volume Forecast, by Product

11.2.5.3. Market Revenue and Volume Forecast, by Application

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Type

11.2.6.2. Market Revenue and Volume Forecast, by Product

11.2.6.3. Market Revenue and Volume Forecast, by Application

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Type

11.2.7.2. Market Revenue and Volume Forecast, by Product

11.2.7.3. Market Revenue and Volume Forecast, by Application

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Type

11.3.2. Market Revenue and Volume Forecast, by Product

11.3.3. Market Revenue and Volume Forecast, by Application

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Type

11.3.4.2. Market Revenue and Volume Forecast, by Product

11.3.4.3. Market Revenue and Volume Forecast, by Application

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Type

11.3.5.2. Market Revenue and Volume Forecast, by Product

11.3.5.3. Market Revenue and Volume Forecast, by Application

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Type

11.3.6.2. Market Revenue and Volume Forecast, by Product

11.3.6.3. Market Revenue and Volume Forecast, by Application

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Type

11.3.7.2. Market Revenue and Volume Forecast, by Product

11.3.7.3. Market Revenue and Volume Forecast, by Application

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Type

11.4.2. Market Revenue and Volume Forecast, by Product

11.4.3. Market Revenue and Volume Forecast, by Application

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Type

11.4.4.2. Market Revenue and Volume Forecast, by Product

11.4.4.3. Market Revenue and Volume Forecast, by Application

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Type

11.4.5.2. Market Revenue and Volume Forecast, by Product

11.4.5.3. Market Revenue and Volume Forecast, by Application

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Type

11.4.6.2. Market Revenue and Volume Forecast, by Product

11.4.6.3. Market Revenue and Volume Forecast, by Application

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Type

11.4.7.2. Market Revenue and Volume Forecast, by Product

11.4.7.3. Market Revenue and Volume Forecast, by Application

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Type

11.5.2. Market Revenue and Volume Forecast, by Product

11.5.3. Market Revenue and Volume Forecast, by Application

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Type

11.5.4.2. Market Revenue and Volume Forecast, by Product

11.5.4.3. Market Revenue and Volume Forecast, by Application

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Type

11.5.5.2. Market Revenue and Volume Forecast, by Product

11.5.5.3. Market Revenue and Volume Forecast, by Application

Chapter 12. Company Profiles

12.1. Abbott Laboratories

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Arthrex Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. B. Braun SE

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Becton, Dickinson and Company (C. R. Bard)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Boston Scientific Corporation

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Carpenter Technology Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Cook Medical, Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Hitachi Metals, Ltd.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Medtronic plc

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Nippon Steel Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global nitinol market size is expected to grow from USD 2.29 billion in 2024 to USD 4.76 billion by 2034.

The nitinol market is anticipated to grow at a CAGR of 7.60% between 2025 and 2034.

The major players operating in the nitinol market are Abbott Laboratories, Arthrex Inc., B. Braun SE, Becton, Dickinson and Company (C. R. Bard), Boston Scientific Corporation, Carpenter Technology Corporation, Cook Medical, Inc., Hitachi Metals, Ltd., Medtronic plc, Nippon Steel Corporation, Terumo Corporation, Vacuumschmelze GmbH, Zimmer Biomet, and Others.

The driving factors of the nitinol market are the rising production and adoption of medical devices and implants is a major factor boosting the growth of the market.

North America region will lead the global nitinol market during the forecast period 2025 to 2034.

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