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)
Market Introduction
North America region includes countries such as the US, Canada, and Mexico. All the three countries in the region are witnessing a substantial development in the micro coils market. North America has largest market share of the Micro Coils market, by region. The market in the region is expected to grow significantly due to the rise in the number of FDA approvals to companies manufacturing micro coils. Increase in the prevalence of the brain aneurysm in US and Mexico. Whereas the rise in the number of cardiovascular diseases in Canada are likely to grow the market in the forecast period. 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.
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.
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Market Overview and Dynamics
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. Rising number of product approvals and launches is expected to surge the market. Extended functionalities and technologies incorporated in new devices are expected to rise in demand for micro coils across the region. In December 2020, Terumo Corporation announced a launch of WEB Embolization System. According to the company, WEB is the first intrasaccular flow disruptor device available in the market. The device is specially designed for the treatment of brain aneurysm. Further, in January 2018, Cerenovus announced a launch of next generation embolic micro coil for the treatment of stroke and cerebral aneurysms. Moreover, in December 2019, Kaneka Corporation launched an advanced micro coil for embolization of brain aneurysms. According to the company, the coils archive highest level of flexibility in the world. Such product introductions are estimated to offer a lucrative opportunity for North America market growth. Some of the market players are focusing on conducting awareness programs to spread information about benefits of micro coils. Such programs are also expected to offer a favorable environment for the product demand, which will eventually drive the North America market growth.
Key Market Segments
In terms of type, the pushable coils segment accounted for the largest share of the North America micro coils market in 2020. In terms of material, the platinum segment held a larger market share of the North America micro coils market in 2020. In terms of application, the others segment held a larger market share of the North America micro coils market in 2020. Further, the hospitals segment held a larger share of the North America micro coils market based on end user in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America micro coils market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
Reasons to buy report
- To understand the North America micro coils market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America micro coils market
- Efficiently plan M&A and partnership deals in North America micro coils market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America micro coils market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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 - Company Profiles
- 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
- 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
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