Overview and Scope
A coronary artery bypass graft (CABG) is a surgical intervention to treat coronary artery disease. This procedure is conducted when the coronary arteries, responsible for delivering blood to the heart, become constricted or obstructed, potentially causing angina or a heart attack.
Sizing and Forecast
The coronary artery bypass graft market size has grown strongly in recent years. It will grow from $11.45 billion in 2023 to $12.5 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to aging population, healthcare infrastructure growth, rising cardiovascular diseases, awareness campaigns, insurance coverage.
The coronary artery bypass graft market size is expected to see strong growth in the next few years. It will grow to $17.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to ambulatory surgery centers (ascs) growth, digital health integration, telemedicine growth, remote patient monitoring devices, patient-centric approaches. Major trends in the forecast period include advancements in surgical techniques, collaborative research, robotics in surgery, biodegradable implants, ai for diagnostic purposes, virtual reality training for surgeons.
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Segmentation & Regional Insights
The coronary artery bypass graft market covered in this report is segmented –
1) By Procedure: Single Coronary Artery Bypass Graft (CABG) Surgery, Double Coronary Artery Bypass Graft (CABG) Surgery, Triple Coronary Artery Bypass Graft (CABG) Surgery, Quadruple Coronary Artery Bypass Graft (CABG) Surgery, Other Procedures
2) By Method: Off-pump, On-pump
3) By End-Use: Hospitals, Cardiology Clinics, Research Institutes, Other End-Users
North America was the largest region in the coronary artery bypass graft market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronary artery bypass graft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increased prevalence of cardiovascular diseases is expected to drive the growth of the coronary artery bypass graft market going forward. Cardiovascular disease (CVD) broadly encompasses various heart and blood vessel ailments. A coronary artery bypass graft (CABG) is recommended to reduce the chances of having a heart attack by creating a new pathway for blood to flow around blocked or partially blocked arteries in the heart. For instance, in March 2023, according to the journal published by Oxford University Press, a UK-based university press of the University of Oxford, by 2045, the percentage of people affected with peripheral artery diseases would increase by 50%. Therefore, the increased prevalence of cardiovascular diseases is driving the growth of the coronary artery bypass graft market.
Key Industry Players
Major companies operating in the coronary artery bypass graft market report are MicroPort Scientific Corporation, CryoLife Inc., Johnson & Johnson Co, Abbott Laboratories, Medtronic plc, Stryker Corporation, Northwell Health, Boston Scientific Corporation, Penn Medicine, Geisinger Health System Co, Terumo Corporation, Edwards Lifesciences Corporation, Main Line Health Inc., Getinge AB, Teleflex Incorporated, W. L. Gore & Associates Inc., Guidant Group, LivaNova PLC, AtriCure Inc., Peter Surgical, Sorin Group, Cardiva Medical Inc., Genesee Biomedical Inc., Dextera Surgical Inc., Cardica Inc., Maquet Holding B.V. & Co.KG, Novadaq Technologies Inc., Karl Storz GmbH & Co. KG, Vitalitec International Medizintechnik GmbH, Hancock Jaffe Laboratories.
The coronary artery bypass graft market report table of contents includes:
1. Executive Summary
2. Coronary Artery Bypass Graft Market Characteristics
3. Coronary Artery Bypass Graft Market Trends And Strategies
4. Coronary Artery Bypass Graft Market – Macro Economic Scenario
5. Global Coronary Artery Bypass Graft Market Size and Growth
…
32. Global Coronary Artery Bypass Graft Market Competitive Benchmarking
33. Global Coronary Artery Bypass Graft Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Coronary Artery Bypass Graft Market
35. Coronary Artery Bypass Graft Market Future Outlook and Potential Analysis
36. Appendix
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