North America Micro Coils Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Detachable Coils and Pushable Coils), Material (Platinum, Platinum Tungsten Alloy, and Platinum and Hydrogel), Application (Oncology, Urology, and Others), and End User (Hospitals, Ambulatory Surgical Centers, and Others)

Publication Month: Jul 2021 | Report Code: TIPRE00023619 | No. of Pages: 134 | Category: Medical Device | Status: Published

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The North America micro coils market is expected to grow from US$ 488.31 million in 2021 to US$ 660.98 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Increasing prevalence of cardiac aneurysm will escalate the market in coming years. Cardiovascular diseases (CVDs) are likely to remain the major cause of morbidity and mortality across the North America. Heart failure, stroke, rheumatic heart disease, aortic aneurysm, and peripheral artery disease are among the most common CVDs. Unhealthy diet adoption, tobacco consumption, sedentary lifestyle, and alcoholism are the major factors leading to rise in incidence of CVDs across the region. According to the World Health Organization (WHO), CVDs are number one cause of death across the region. Also, in 2020, the Centers of Disease Control and Prevention (CDC) estimated that, on an average, one death after every 36 seconds is recorded due to CVDs in the US. Further, as per the American Heart Association (AHA) 2019 statistics, 121.5 million adults in the US, which is around half of the US adult population, suffer from CVDs. The cardiac aneurysm is majorly caused due to the blockages in the aortic artery. The blockages can also be seen in chest or the abdomen. The prevalence of the cardiac aneurysm is growing. For instance, as per the recent study published by the Society for Vascular Surgery (SVS) in 2020, thoracic aortic aneurysms occur in every 6 to 10 per 100,000 people in the US. Moreover, according to the same study, 20.0% of the cases with thoracic aortic aneurysm are genetic. In addition, around 2 million people are diagnosed with an abdominal aortic aneurysm in the US each year. The study also highlights that a ruptured abdominal aortic aneurysm is the 15th leading cause of death in the US. Such high prevalence of CVDs prominently boosts the number of heart procedures. According to a study published by Society of Thoracic Surgeons (STS) in 2020, there is a massive increase in the number of TAVR procedures across the US. The factor ultimately drives the growth of the North America micro coils market.

 

In case of COVID-19, North America is highly affected specially the US. In the US, due to an increasing number of infected patients, healthcare professionals and leading organizations are distracting the flow of healthcare resources from research & development to primary care, which is slowing down the process of innovation. According to Society of Thoracic Surgeons, Cardiovascular surgery volumes in the United States fell by more than half during the COVID-19 pandemic’s first wave, with the biggest drops observed in the New England and mid-Atlantic regions. The exorbitant number of COVID cases have resulted in cancellation of doctor's appointment, decreased in demand for the elective neurosurgery, disruption in supply chain due to long period of lockdown. For instance, Medtronic plc, a company that generates the majority of its sales and profits from the U.S., has suffered a decrease in revenue of 1 percent in the fiscal year 2020 compared to the fiscal year 2019 in the neurovascular category.However, most of the countries in the North America has started vaccinating its population on a larger scale. This is expected to lower the intensity of COVID19 pandemic in the region. Owing to which the patients post vaccination are undergoing the pending medical procedures such as the surgeries, vascular treatments, and others. The healthcare systems in the region has regained its capacity since the start of the pandemic. The patient care has been improving as compares to the earlier time of the pandemic where in the line of treatments was not well defined. However, the development of the treatments and reductions in the death rate has gained confidence in the doctors and patients. Thus, it is expected to have low negative impact on the Micro Coil market in the region.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America micro coils market. The North America micro coils market is expected to grow at a good CAGR during the forecast period.
North America micro coils market

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North America Micro Coils Market Segmentation 

North America Micro Coils Market – By Type

  • Detachable Coils
  • Pushable Coils

North America Micro Coils Market – By Material

  • Platinum
  • Platinum Tungsten Alloy
  • Platinum & Hydrogel

North America Micro Coils Market – By Application

  • Oncology
  • Urology
  • Others

North America Micro Coils Market – By End User

  • Hospitals
  • Ambulatory Surgical Centers  
  • Others

North America Micro Coils Market, by Country

  • US
  • Canada
  • Mexico

North America Micro Coils Market -Companies Mentioned

  • Balt USA LLC
  • Boston Scientific Corporation
  • Classic Coil Company
  • Cook Medical LLC
  • Johnson and Johnson Medical Devices (Depuy Synthes)
  • KANEKA CORPORATION
  • Medtronic
  • Penumbra, Inc.
  • Stryker Corporation       
  • Terumo Corporation

TABLE OF CONTENTS

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Micro Coils Market – By Type

1.3.2        North America Micro Coils Market – By Material

1.3.3        North America Micro Coils Market – By Application

1.3.4        North America Micro Coils Market – By End User

1.3.5        North America Micro Coils Market – By Country

2.           North America Micro Coils Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Micro Coils Market – Market Landscape

4.1         Overview

4.2         North America PEST Analysis

4.3         Expert Opinions

5.           North America Micro Coils Market – Key Industry Dynamics

5.1         Market Drivers

5.1.1        Increasing Prevalence of Cardiac Aneurysm

5.1.2        Growing Incidence of Neurovascular Diseases

5.2         Market Restraints

5.2.1        Costly Embolization Micro Coils

5.3         Market Opportunities

5.3.1        Rising Number of Product Approvals and Launches

5.4         Future Trends

5.4.1        Surging Demand for Minimally Invasive Procedures

5.5         Impact Analysis

6.           Micro Coils Market – North America Analysis

6.1         North America Micro Coils Market Revenue Forecast and Analysis

7.           North America Micro Coils Market Analysis – By Type

7.1         Overview

7.2         North America Micro Coils Market Revenue Share, by Type (2020 and 2028)

7.3         Detachable Coils

7.3.1        Overview

7.3.2        Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Pushable Coils

7.4.1        Overview

7.4.2        Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Micro Coils Market Analysis – By Material

8.1         Overview

8.2         North America Micro Coils Market Revenue Share, by Material (2020 and 2028)

8.3         Platinum

8.3.1        Overview

8.3.2        Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Platinum Tungsten Alloy

8.4.1        Overview

8.4.2        Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Platinum and Hydrogel

8.5.1        Overview

8.5.2        Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Micro Coils Market Analysis – By Application

9.1         Overview

9.2         North America Micro Coils Market Revenue Share, by Application (2020 and 2028)

9.3         Urology

9.3.1        Overview

9.3.2        Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Oncology

9.4.1        Overview

9.4.2        Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Others

9.5.1        Overview

9.5.2        Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Micro Coils Market Analysis – By End User

10.1      Overview

10.2      North America Micro Coils Market Share, by End User, 2020 and 2028, (%)

10.3      Hospitals

10.3.1     Overview

10.3.2     Hospitals: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Ambulatory Surgical Centres

10.4.1     Overview

10.4.2     Ambulatory Surgical Centres: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

10.5      Others

10.5.1     Overview

10.5.2     Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

11.        North America Micro Coils Market – Country Analysis

11.1      North America: Micro Coils Market

11.1.1     Overview

11.1.2     North America: Micro Coils Market, by Country, 2020 & 2028 (%)

11.1.3     US: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.3.1       US: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.3.2       US: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

11.1.3.3       US: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

11.1.3.4       US: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.3.5       US: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.4     Canada: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.4.1       Canada: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.4.2       Canada: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

11.1.4.3       Canada: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

11.1.4.4       Canada: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.4.5       Canada: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

11.1.5     Mexico: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.5.1       Mexico: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

11.1.5.2       Mexico: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

11.1.5.3       Mexico: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

11.1.5.4       Mexico: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

11.1.5.5       Mexico: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

12.        Impact of COVID-19 Pandemic on North America Micro Coils Market

12.1      North America: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Overview

13.2      Organic Developments

13.2.1     Overview

14.        Company Profiles

14.1      Terumo Corporation

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Medtronic

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      Boston Scientific Corporation

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Stryker Corporation

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Cook Medical LLC

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Penumbra, Inc.

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      Balt USA LLC

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      Johnson and Johnson Medical Devices (Depuy Synthes)

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4

14.8.5     Financial Overview

14.8.6     SWOT Analysis

14.8.7     Key Developments

14.9      Classic Coil Company

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

14.9.6     Key Developments

14.10   KANEKA CORPORATION

14.10.1  Key Facts

14.10.2  Business Description

14.10.3  Products and Services

14.10.4  Financial Overview

14.10.5  SWOT Analysis

14.10.6  Key Developments

15.        Appendix

15.1      About the Insight Partners

15.2      Glossary of Terms

LIST OF TABLES

Table 1.             North America Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             US: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

Table 3.             US: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

Table 4.             US: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 5.             US: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 6.             Canada: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

Table 7.             Canada: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

Table 8.             Canada: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 9.             Canada: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 10.          Mexico: Micro Coils Market, By Type – Revenue and Forecast to 2028 (USD Million)

Table 11.          Mexico: Micro Coils Market, By Material – Revenue and Forecast to 2028 (USD Million)

Table 12.          Mexico: Micro Coils Market, By Application – Revenue and Forecast to 2028 (USD Million)

Table 13.          Mexico: Micro Coils Market, By End User – Revenue and Forecast to 2028 (USD Million)

Table 14.          Organic Developments Done by Companies

Table 15.          Glossary of Terms

LIST OF FIGURES

Figure 1.           North America Micro Coils Market Segmentation

Figure 2.           North America Micro Coils Market, By Country

Figure 3.           North America Micro Coils Market Overview

Figure 4.           Pushable Coils Segment Is Expected to Grow Faster by Type Segment in North America Micro Coils Market

Figure 5.           US Is Expected to Show Remarkable Growth During the Forecast Period

Figure 6.           North America PEST Analysis

Figure 7.           North America Micro Coils Market Impact Analysis of Driver and Restraint

Figure 8.           North America Micro Coils Market – Revenue Forecast and Analysis

Figure 9.           North America Micro Coils Market Revenue Share, by Type (2020 and 2028)

Figure 10.        North America Detachable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Pushable Coils: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Micro Coils Market Revenue Share, by Material (2020 and 2028)

Figure 13.        North America Platinum: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Platinum Tungsten Alloy: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Platinum and Hydrogel: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Micro Coils Market Revenue Share, by Application (2020 and 2028)

Figure 17.        North America Urology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Oncology: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        North America Micro Coils Market Share, by End User, 2020 and 2028 (%)

Figure 21.        North America Hospitals Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Ambulatory Surgical Centers: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        North America Others: Micro Coils Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America: Micro Coils Market, by Key Country – Revenue (2020) (USD Million)

Figure 25.        North America: Micro Coils Market, by Country, 2020 & 2028 (%)

Figure 26.        US: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

Figure 27.        Canada: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

Figure 28.        Mexico: Micro Coils Market – Revenue and Forecast to 2028 (USD Million)

Figure 29.        Impact of COVID-19 Pandemic in North American Countries Markets

  1. Balt USA LLC
  2. Boston Scientific Corporation
  3. Classic Coil Company
  4. Cook Medical LLC
  5. Johnson and Johnson Medical Devices (Depuy Synthes)
  6. KANEKA CORPORATION
  7. Medtronic
  8. Penumbra, Inc.
  9. Stryker Corporation
  10. Terumo Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America micro coils market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in North America micro coils market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the micro coils market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution     
TIPRE00023619
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