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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Coronary Artery Bypass Graft Procedures Market Outlook
The coronary artery bypass graft procedures market stood at a value of nearly USD 18.59 billion in 2022 and is expected to grow at a CAGR of 2.7% between 2023 and 2032.
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Factors such as the increasing incidences of multiple cardiovascular disorders such as coronary heart disease (CHD), myocardial infarction, and strokes, combined with the increasing demand for minimally invasive surgery, promote the demand for coronary artery bypass graft (CABG) processes. In addition, owing to better patenting rates, long-term outcomes, technological advances, and increasing preference for internal thoracic artery grafting over saphenous vein grafting are expected to boost the market for CABG processes.
Properties and Applications
Coronary artery bypass grafting (CABG) refers to a procedure for improving low heart blood flow. It is performed when the arteries supplying blood to heart tissue, called coronary arteries, are narrowed or blocked.
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Coronary artery bypass graft procedures industry can be divided based on segments like graft type and surgery type. The industry can be divided based on its graft type as saphenous vein grafts and internal thoracic artery grafts, among others. The industry can be broadly categorised based on surgery type into:
- Single CABG Surgery
- Double CABG Surgery
- Triple CABG Surgery
- Quadruple CABG Surgery
The EMR report looks into the regional markets for coronary artery bypass graft procedures like North America, the Middle East and Africa, Latin America, Europe, and the Asia Pacific.
Market Analysis
Factors such as the increasing prevalence of various cardiovascular disorders such as coronary heart disease (CHD), myocardial infarction, and strokes coupled with the growing demand for minimally invasive surgery, promote the demand for coronary artery bypass graft (CABG) procedures. In addition, due to better patenting rates and long-term results, technological advances, and growing preference for internal thoracic artery grafting over saphenous vein grafting are anticipated to boost the market for CABG procedures. Increasing healthcare costs also increase the economic burden on uninsured patients as a result of which people move to developing countries where CABG surgery costs are low to get medical assistance. This, in turn, is boosting demand in the developing nations for medical tourism, further aiding the market growth. Some of the major factors driving demand for CABG procedures in emerging economies are the availability of benefits such as improved healthcare, low surgery costs, and better hospitality.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global coronary artery bypass graft procedures industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Boston Scientific Corporation (NYSE: BSX)
- KARL STORZ GmbH & Co. KG
- Boston Scientific
- MAQUET Holding B.V. & Co.KG
- Ethicon US, LLC. (Johnson & Johnson)
- Genesee Biomedical, Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Graft Type |
|
| Breakup by Surgery Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Coronary Artery Bypass Graft Procedures Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global coronary artery bypass graft procedures market attained a value of nearly USD 18.59 billion.
The market is estimated to grow at a CAGR of 2.7% between 2024 and 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the increasing cases of multiple cardiovascular diseases, rising healthcare expenditure, better patenting rates, technological advances, low surgery costs, and better hospitality.
The increasing inclination towards minimally invasive surgeries and increasing preference for internal thoracic artery grafting over saphenous vein grafting are the key trends guiding the growth of the industry.
Saphenous vein grafts and internal thoracic artery grafts, among others are the major graft types included in the market.
Single CABG surgery, double CABG surgery, triple CABG surgery, and quadruple CABG surgery are the different surgery types based on which the market is segmented.
The major players in the industry are Boston Scientific Corporation, KARL STORZ GmbH & Co. KG, Ethicon US, LLC., Genesee Biomedical Inc., and MAQUET Holding B.V. & Co.KG, among others.
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