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North America Micro Coils Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type, Material, Application, and End User

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    Report

  • 134 Pages
  • July 2021
  • Region: North America
  • The Insight Partners
  • ID: 5416567
Pushable Coils Segment to Dominate North America Micro Coils Market During 2021-2028.

According to a new market research study on “North America Micro Coils Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type, Material, Application, and End-user” is expected to reach US$ 660.98 million by 2028 from US$ 488.31 million in 2021. The market is estimated to grow at a CAGR of 4.4% from 2021 to 2028. The report provides trends prevailing in the North America micro coils market along with the drivers and restraints pertaining to the market growth. Increasing prevalence of cardiac aneurysm and growing incidence of neurovascular diseases are the major factor driving the growth of the North America micro coils market. However, costly embolization micro coils hinders the growth of 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.

The North America micro coils market is segmented into the type, material, application, End-user, and country. The market based on type is segmented into detachable coils and pushable coils. The pushable coils segment dominated the North America micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on material is segmented into platinum, platinum tungsten alloy, and platinum & hydrogel. The platinum segment dominated the North America micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on application is segmented into oncology, urology, and others. The others segment dominated the North America micro coils market in 2020 and is also expected to be fastest growing during forecast period. The market based on End-user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the North America micro coils market in 2020 and is also expected to be fastest growing during forecast period.

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; and Terumo Corporation are among the leading companies in the North America micro coils market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Stryker has received premarket approval for Neuroform Atlas Stent System from US FDA. Neuroform Atlas Stent System consists of Target XL Detachable Coil for the treatment of wide-neck, intracranial aneurysms.

The report segments the North America Micro Coils Market as follows:


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

Reasons to buy:

  • 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

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 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
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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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 Information