Key Developments

On March 20, 2024, Johnson Matthey, a U.K.-based company focused on metals chemistry, is selling its medical device components business as part of a larger restructuring effort started in 2022. The segment produces components for medical devices, including nitinol metal tubing for stents and metallic coatings.
In November 2022, Alleima, a materials technology company, entered into an agreement to acquire Endosmart Gesellschaft für Medizintechnik GmbH (Endosmart), a Germany-based manufacturer of medical devices and components made from the shape memory alloy nitinol. Endosmart's offerings include kidney stone retrieval baskets and snares, breast cancer tumor markers, and surgical instruments. Primarily serving urology, oncology, cardiology, orthopedics, and vascular applications, Endosmart will become part of Alleima's Kanthal division
In May 2022, Stryker Corporation introduced its EasyFuse Dynamic Compression System, utilizing the nickel-titanium alloy known as Nitinol. The system leverages Nitinol's robustness and shape memory properties to simplify surgeries and minimize waste in the operating room.
In January 2023, Resonetics, a pioneer in advanced engineering, agreed to acquire Memry Corporation and SAES Smart Materials, Inc., nitinol supply chain companies, both companies are based in the U.S. and specialize in nitinol-based medical devices. The transaction, valued at US$ 900 million, is backed by investment firms Carlyle and GTCR.

Nitinol Medical Devices Market Report Snapshots