Shape Memory Alloys Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to shape memory alloys market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Shape Memory Alloys Market News

in Shape Memory Alloys Market
  • In March 2025, Johnson & Johnson introduced an advanced Nitinol-based stent system for minimally invasive cardiac surgery. The new product is intended to enhance patient results by providing improved flexibility and durability in medical devices. The new stent uses improved shape memory alloy technology to provide superior long-term performance in vascular therapies.
  • In February 2025, Saes Getters launched a breakthrough in the creation of high-performance shape memory alloys (SMAs) for industrial use. The new alloys have superior environmental stress resistance, providing increased reliability in adverse conditions. Saes Getters' innovation is designed to extend the life of SMA components in high-stress industries like aerospace and automotive.
  • In January 2025, Mitsubishi Materials Corporation announced the introduction of a new range of copper-based shape memory alloys for use in actuators and sensors. This innovation is aimed at minimizing the cost of production while keeping high performance. The new alloys are projected to lead cost-effective solutions in automotive and robotics sectors across the world.
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Global Shape Memory Alloys Market size was valued at USD 13.87 Billion in 2023 poised to grow from USD 15.44 Billion in 2024 to USD 36.36 Billion by 2032, growing at a CAGR of 11.3% in the forecast period (2025-2032).

The competitive landscape of the global shape memory alloys market is highly dynamic, with key players focused on innovation, R&D, and expanding their product portfolios. Some of the prominent global players in this industry are Johnson & Johnson, Fort Wayne Metals, Dynalloy, and Saes Getters. These players focus on strategic partnerships, technological innovation, and market growth to establish a competitive advantage. For example, Johnson & Johnson spends a lot on R&D for medical devices, whereas Saes Getters concentrates on expanding its SMA applications in industrial markets. 'Johnson & Johnson (USA)', 'Fort Wayne Metals (USA)', 'Dynalloy (USA)', 'Saes Getters (Italy)', 'Mitsubishi Materials Corporation (Japan)', 'Nippon Steel & Sumitomo Metal Corporation (Japan)', 'Memry Corporation (USA)', 'SMAC Corporation (USA)', 'Beautiful China Technology Co., Ltd. (China)', 'American Elements (USA)', 'G.RAU GmbH & Co. KG (Germany)', 'Tobias Inc. (USA)', 'Allegheny Technologies Incorporated (ATI) (USA)', 'Aperam (Luxembourg)', 'Erasteel (France)'

The growing preference for minimally invasive medical procedures is driving the demand for shape memory alloys, particularly Nitinol. The biocompatibility and shape memory of SMAs, returning to predetermined forms, lead to their suitability for medical applications such as stents and guidewires, with better patient outcomes and quicker recovery in cardiovascular and orthopedic procedures.

Increased Adoption of Shape Memory Alloys in Medical Devices: Shape memory alloys are increasingly being used in medical devices, particularly in stents, guidewires, and surgical instruments. Their biocompatibility, flexibility, and tendency to return to a precise shape under precise conditions make them particularly suitable for minimally invasive treatments, enhancing patient outcomes and their use in the healthcare sector.

How do Technological Innovations in North America Contribute to the Growth of the SMA Market?

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Global Shape Memory Alloys Market
Shape Memory Alloys Market

Report ID: SQMIG20F2018

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