The North America Bioabsorbable Stents Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027). A stent refers to a small mesh tube (material resembling a net with space in it) utilized for treating the blockades of the arteries in the heart.
The stent is vital in the medical domain of cardiology. These devices are commonly developed from plastic or metallic tubes which are set into the lumen of an anatomic vessel in order to make it open for smooth blood flow. Arteries of the heart comprise blood vessels that transfer blood from the heart to other parts of the body.
The North American region is witnessing a high number of diseases that require inserting stents. By the guidelines in the US, an artery must be approximately 70% blocked before a stent is inserted. This is a regular heart procedure – approximately 434,000 procedures were performed in 2014 in the U.S., according to the studies. With an aim to open a narrowed artery, a physician may do a procedure known as percutaneous coronary intervention (PCI) or angioplasty.
Along with this, the majority of the angioplasty procedures are performed with the help of stents. In some patients, stents decrease the re-narrowing that happens after balloon angioplasty or other methods that utilize catheters. However, the price of stents in the US is high in comparison to the other region, which could hamper the growth & demand of the device in the market.
With the massive surge in the geriatric population, the number of these patients going through percutaneous coronary intervention (PCI) has increased highly. Aging people because of the presence of comorbidities and frailty, are at larger risk of mortality and morbidity following PCI. Though, the aging population clearly seems to obtain major advantages regarding the quality of life and might get higher benefits from revascularization as compared to younger patients.
The US market dominated the North America Polymeric Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $67.2 Million by 2027. The Canada market is experiencing a CAGR of 8.2% during (2021-2027). Additionally, The Mexico market would witness a CAGR of 7.3% during (2021-2027).
Based on Biomaterial, the market is segmented into Polymeric and Metallic. Based on Application, the market is segmented into Coronary Artery Disease and Peripheral Artery Disease. Based on End User, the market is segmented into Hospital and Cardiac Center. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bioabsorbable Stents Market is Estimated to Reach USD 429.2 Million by 2027 at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, B. Braun Melsungen AG, BIOTRONIK SE & Co. KG, Boston Scientific Corporation, MicroPort Scientific Corporation, Terumo Corporation, Arterius Ltd., Elixir Medical Corporation, Amaranth Medical, Inc., and REVA Medical, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Biomaterial
By Application
- Coronary Artery Disease
- Peripheral Artery Disease
By End User
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- B. Braun Melsungen AG
- BIOTRONIK SE & Co. KG
- Boston Scientific Corporation
- MicroPort Scientific Corporation
- Terumo Corporation
- Arterius Ltd.
- Elixir Medical Corporation
- Amaranth Medical, Inc.
- REVA Medical, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Bioabsorbable Stents Market, by Biomaterial
1.4.2 North America Bioabsorbable Stents Market, by Application
1.4.3 North America Bioabsorbable Stents Market, by End User
1.4.4 North America Bioabsorbable Stents Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Bioabsorbable Stents Market by Biomaterial
3.1 North America Polymeric Market by Country
3.2 North America Metallic Market by Country
Chapter 4. North America Bioabsorbable Stents Market by Application
4.1 North America Coronary Artery Disease Market by Country
4.2 North America Peripheral Artery Disease Market by Country
Chapter 5. North America Bioabsorbable Stents Market by End User
5.1 North America Hospital Market by Country
5.2 North America Cardiac Center Market by Country
Chapter 6. North America Bioabsorbable Stents Market by Country
6.1 US Bioabsorbable Stents Market
6.1.1 US Bioabsorbable Stents Market by Biomaterial
6.1.2 US Bioabsorbable Stents Market by Application
6.1.3 US Bioabsorbable Stents Market by End User
6.2 Canada Bioabsorbable Stents Market
6.2.1 Canada Bioabsorbable Stents Market by Biomaterial
6.2.2 Canada Bioabsorbable Stents Market by Application
6.2.3 Canada Bioabsorbable Stents Market by End User
6.3 Mexico Bioabsorbable Stents Market
6.3.1 Mexico Bioabsorbable Stents Market by Biomaterial
6.3.2 Mexico Bioabsorbable Stents Market by Application
6.3.3 Mexico Bioabsorbable Stents Market by End User
6.4 Rest of North America Bioabsorbable Stents Market
6.4.1 Rest of North America Bioabsorbable Stents Market by Biomaterial
6.4.2 Rest of North America Bioabsorbable Stents Market by Application
6.4.3 Rest of North America Bioabsorbable Stents Market by End User
Chapter 7. Company Profiles
7.1 Abbott Laboratories
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Approvals & Trials:
7.1.5.2 Acquisition and Mergers:
7.2 B. Braun Melsungen AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 BIOTRONIK SE & Co. KG
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Approvals & Trials:
7.4 Boston Scientific Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 MicroPort Scientific Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.6 Terumo Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.7 Arterius Ltd.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Elixir Medical Corporation
7.8.1 Company Overview
7.9 Amaranth Medical, Inc.
7.9.1 Company Overview
7.10. REVA Medical, Inc.
7.10.1 Company Overview
TABLE 1 North America Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 2 North America Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 3 North America Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 4 North America Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 5 North America Polymeric Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Polymeric Market by Country, 2021-2027, USD Million
TABLE 7 North America Metallic Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Metallic Market by Country, 2021-2027, USD Million
TABLE 9 North America Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 10 North America Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 11 North America Coronary Artery Disease Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Coronary Artery Disease Market by Country, 2021-2027, USD Million
TABLE 13 North America Peripheral Artery Disease Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Peripheral Artery Disease Market by Country, 2021-2027, USD Million
TABLE 15 North America Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 16 North America Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 17 North America Hospital Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Hospital Market by Country, 2021-2027, USD Million
TABLE 19 North America Cardiac Center Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Cardiac Center Market by Country, 2021-2027, USD Million
TABLE 21 North America Bioabsorbable Stents Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Bioabsorbable Stents Market by Country, 2021-2027, USD Million
TABLE 23 US Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 24 US Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 25 US Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 26 US Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 27 US Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 28 US Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 29 US Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 30 US Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 31 Canada Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 32 Canada Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 33 Canada Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 34 Canada Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 35 Canada Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 36 Canada Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 37 Canada Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 38 Canada Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 39 Mexico Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 40 Mexico Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 41 Mexico Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 42 Mexico Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 43 Mexico Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 44 Mexico Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 45 Mexico Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 46 Mexico Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 47 Rest of North America Bioabsorbable Stents Market, 2017 - 2020, USD Million
TABLE 48 Rest of North America Bioabsorbable Stents Market, 2021-2027, USD Million
TABLE 49 Rest of North America Bioabsorbable Stents Market by Biomaterial, 2017 - 2020, USD Million
TABLE 50 Rest of North America Bioabsorbable Stents Market by Biomaterial, 2021-2027, USD Million
TABLE 51 Rest of North America Bioabsorbable Stents Market by Application, 2017 - 2020, USD Million
TABLE 52 Rest of North America Bioabsorbable Stents Market by Application, 2021-2027, USD Million
TABLE 53 Rest of North America Bioabsorbable Stents Market by End User, 2017 - 2020, USD Million
TABLE 54 Rest of North America Bioabsorbable Stents Market by End User, 2021-2027, USD Million
TABLE 55 Key Information – Abbott Laboratories
TABLE 56 key Information – B. Braun Melsungen AG
TABLE 57 Key Information – BIOTRONIK SE & Co. KG
TABLE 58 key Information – Boston Scientific Corporation
TABLE 59 key Information – MicroPort Scientific Corporation
TABLE 60 Key Information – Terumo Corporation
TABLE 61 key information – Arterius Ltd.
TABLE 62 key information – Elixir Medical Corporation
TABLE 63 key information – Amaranth Medical, Inc.
TABLE 64 key information – REVA Medical, LLC
List of Figures
FIG 1 Methodology for the research