The size of the North America Bioabsorbable stents market is advancing to achieve USD 2386.52 million by 2027 from USD 421.16 million in 2022, growing at a CAGR of 41.47% in the course of the forecast period.
The increasing prevalence of the geriatric population suffering from pulmonary and coronary artery diseases is leading to a constant rise in demand for the Bioabsorbable Stents market in North America. The novel bioabsorbable stents are continually emerging into the market owing to the rapid research and technological advancements, which are propelling the growth of the Bioabsorbable stents market in North America. In North America, government authorities are focusing on enhancing healthcare services which are contributing to the growth of this market. The increasing adoption rate of bioabsorbable stents by patients and physicians in North America is also boosting up the growth rate of the Bioabsorbable stents market in this area. The rise in demand for minimally invasive surgery techniques and unhealthy habits of people are contributing to the growth of the market.
Rising prevalence of CAD and PAD, and continuously increasing patient pool in hospitals are supposed to boost the demand for bioabsorbable stents and develop growth opportunities for the stakeholders in the market. Increased research and development activities to produce novel and innovative treatment methods and advanced bioabsorbable stents are presumed to be creating more growth opportunities for the market over the forecast period. Expanding healthcare infrastructure and boosting economies of countries like the U.S, Canada and others in North America are foreseen to create lucrative opportunities for the market players in the region during the forecast period. The continuously rising rate of coronary artery and pulmonary artery diseases and increasing preference of patients for cost-effective, minimally invasive procedures, quality treatment procedures are expected to provide more opportunities for the growth of the Bioabsorbable stents market in North America.
Complications associated with bioabsorbable stents are posing a significant challenge for the key players in the regional market and is expected to restrain the growth rate of the market during the forecast period. Availability o traditional stents with lesser costs are also limiting the growth of North America bioabsorbable stents market.
This research report on the North American bioabsorbable Stents Market has been segmented and sub-segmented into the following categories.
By Material:
By Absorption Rate:
By Application:
By End User:
By Country:
Regionally, Canada is leading the North America bioabsorbable stents market and is anticipated to contribute a significant share of revenues during the forecast period owing to the factors like increasing demand for bioabsorbable stents due to benefits associated with them, the influx of novel and innovative products in the region, and growing adoption rate of non-invasive techniques by patients.
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 and Xenogenics Corporation.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Material
5.1.1 Introduction
5.1.2 Polymer stents
5.1.3 Metallic stents
5.1.4 Y-o-Y Growth Analysis, By Material
5.1.5 Market Attractiveness Analysis, By Material
5.1.6 Market Share Analysis, By Material
5.2 Absorption
5.2.1 Introduction
5.2.2 Slow absorption stents
5.2.3 High absorption stents
5.2.4 Y-o-Y Growth Analysis, By absorption
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 North America
6.2.1 Introduction
6.2.2 United States
6.2.3 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
North America bioabsorbable Stents Market
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