North America Bioabsorbable Stents Market by Material (Polymer stents, Metallic stents), by Absorption (Slow absorption stents, High absorption stents), by Application (coronary artery disease, peripheral artery disease), by End user (Hospitals, Cardiac centers), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

North America Bioabsorbable Stents Market by Material (Polymer stents, Metallic stents), by Absorption (Slow absorption stents, High absorption stents), by Application (coronary artery disease, peripheral artery disease), by End user (Hospitals, Cardiac centers), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

ID: 2171 | Pages: 140 | May 2017 | Region: North America


North America bioabsorbable stents market is advancing to achieve USD 0.84 billion by 2021 from USD 0.15 billion by 2016, growing at a CAGR of 40.67% in the course of forecast period. The utilization of metallic drug eluting stents shows some strong disadvantages. These disadvantages are predisposition to late stent thrombosis, hindrance of surgical revascularization, prevention of late vessel expansive or adaptive remodeling and impairment of imaging with multi-slice CT.

To overcome some of these potential disadvantages, a few organizations are seeking after the improvement of bioabsorbable stents. Like metal stents, position of a bioresorbable stent will reestablish blood stream and bolster the vessel through the recuperating procedure. In any case, on account of a bioresorbable stent, the stent will slowly resorb and be cleared from the body.

Aging population and increase in the cardiovascular diseases due to factors like are the key driving factors for the growth of the North America bioabsorbable stents market. Positive outcomes of surgeries with bioabsorbable stents and post-surgery reports also account for the development of market. However, there are many regulatory, technological, Safety-efficacy and also cost related issues which market has to deal with before reaching its full potential.

The North America bioabsorbable stents market is segmented into different categories based on material, absorption rate, application and end user. Based on material, bioabsorbable stents can be divided into two types. They are polymer stents, and metallic stents. Polymer stents are expected to grow at a higher CAGR compared to metallic stents. Based on absorption rate, market is segmented into slow absorption rate stents and high absorption rate stents. In 2016, market for slow absorption stents is predicted to be on higher side. By application, bioabsorbable stents are categorized as coronary artery disease and peripheral artery disease. Coronary artery disease is expected to have larger share than peripheral artery disease. On the basis of end user, market can be segmented into hospitals and cardiac centers. The market share is dominated by hospitals. On the basis of geography, the highest market share holder is Europe, followed by North America.

Some of the major players in North America bioabsorbable stents market are Elixir Medical Corporation, Arterius Limited, Amaranth Medical Inc, Abbott Laboratories, Arterial Remodeling Technologies S.A, Biotronik, Kyoto Medical Planning Co Ltd., Reva Medical Inc, Tepha.Inc, SMT, Xenogenics Corporation

                                5.2.5 Market Attractiveness Analysis, By absorption                                       

                                5.2.6 Market Share Analysis, By absorption                                         

                5.3 Application                                                 

                                5.3.1 Introduction                                           

                                5.3.2 coronary artery disease                                     

                                5.3.3 peripheral artery disease                                  

                                5.3.7 Y-o-Y Growth Analysis, By Application                                         

                                5.3.8  Market Attractiveness Analysis, By Application                                      

                                5.3.9  Market Share Analysis, By Application                                       

                5.4 End User                                                      

                                5.4.1 Introduction                                           

                                5.4.2 Hospitals                                  

                                5.4.3 Cardiac centers                                     

                                5.4.7 Y-o-Y Growth Analysis, By End User                                             

                                5.4.8  Market Attractiveness Analysis, By End User                                          

                                5.4.9  Market Share Analysis, By End User                                            

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Material                          

                                                6.1.3.3 By absorption                     

                                                6.1.3.4 By Application                    

                                                6.1.3.5 By End User                        

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Material                          

                                                6.1.4.3 By absorption                     

                                                6.1.4.4 By Application                    

                                                6.1.4.5 By End User                        

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Material                          

                                                6.1.5.3 By Absorption                    

                                                6.1.5.4 By Application                    

                                                6.1.5.5 By End User                        

                6.2 United States                                                            

                6.3 Canada                                                         

7.Strategic Analysis                                                                        

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                                                                         

                8.1 Elixir Medical Corporation                                                    

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Arterius Limited                                                        

                8.3 Amaranth Medical Inc                                                            

                8.4 Abbott Laboratories                                                               

                8.5  Arterial Remodeling Technologies S.A                                                           

                8.6  Biotronik                                                     

                8.7  Kyoto Medical Planning Co Ltd                                                          

                8.8  Reva Medical Inc                                                     

                8.9 Tepha.Inc                                                    

                8.10 Xenogenics Corporation                                                     

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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