North America Stents Market, By Product (Coronary Stents, Peripheral Stents, Neurovascular stents and Stent-Related), Type (Self-Expandable Stents and Balloon-Expandable Stents), Material (Metallic, Polymer and Natural), End User (Hospitals, Ambulatory Surgical Centers and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights of North America Stents Market
Data Bridge Market Research analyses that the North America stents market will exhibit a CAGR of around 0.8% for the forecast period of 2021-2028. Rising prevalence of cardiovascular disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of stents market.
Stents are the tubes, composed of a wide range of materials that are inserted into the lumens to provide and open pathway. Stents are used during surgical procedures to prevent the clogging of vessels and assist the surgeries to undertake the surgery with greater precision, accuracy and visibility. Stents remain in the body even after surgeries and get absorbed with time.
Upsurge in the prevalence of chronic diseases globally and ever-rising obese and overweight population are the major factors fostering the growth of the market. Rising focus on the developments in the area of stents coupled with growing demand for minimally invasive surgeries is another market growth determinant. Rising number of hospitals and diagnostic centres and growth in the introduction of new and cost-effective stents will further generate lucrative market growth opportunities.
However, high costs associated with treatment will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and complications associated with the surgeries will further pose challenges for the market. Also, unfavourable reimbursement scenario will also hamper the market growth rate.
This stents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on stents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Stents Market Scope and Market Size
The stents market is segmented on the basis of product, type, material and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the stents market is segmented into coronary stents, peripheral stents, neurovascular stents and stent-related. Coronary stents have further been segmented into bare metal stents, drug eluting stents and bioresorbable stents. Peripheral stents have further been segmented into iliac stents, femoral-popliteal stents, renal stents and carotid stents. Stent-related have further been segmented into synthetic grafts and vena cava filters.
- Based on type, the stents market is segmented into self-expandable stents and balloon-expandable stents.
- The material segment of the stents market is segmented into metallic, polymer and natural.
- On the basis of end user, the stents market is segmented into hospitals, ambulatory surgical centers and others.
North America Stents Market Country Level Analysis
The stents market is analysed and market size insights and trends are provided by country, product, type, material and end user as referenced above.
The countries covered in the stents market report are U.S., Canada and Mexico.
United States dominates the North American stents market in terms of market share and market revenue. This is because of the prevailing advanced healthcare technologies, rise in the demand for minimally invasive surgeries and increase in the population of the people suffering from cardiovascular diseases. Availability of advanced hospital infrastructure along with presence of major players will be the key factor influencing the U.S. market demand.
The country section of the stents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The stents market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for stents market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the stents market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Stents Market Share Analysis
The stents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to stents market.
The major players covered in the stents market report are B. Braun Melsungen AG, Abbott, Medtronic, Boston Scientific Corporation, Johnson & Johnson Services, Inc., BD, F. Hoffmann-La Roche Ltd,, MicroPort Scientific Corporation., Elixir Medical Corporation., STENTYS SA, Biosensors International Group, Ltd., Cook, Microtech Systems, Inc., Terumo Corporation, Teleflex Incorporated, Merit Medical Systems., Merck KGaA, Thermo Fisher Scientific Inc. and PerkinElmer Inc. among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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