Coronary Artery Bypass Graft Market Outlook, Growth Statistics and Forecast to 2022

Market Potential and Pitfalls:

The primary reasons because of which people are prone to cardiovascular ailments that require CABG in order to be cured include anxiety, deskbound lifestyle, high consumption of junk food, and stress. Due to the rise in cardiovascular ailments, the market for coronary artery bypass grafting is also rising. Other factors responsible for the growth of this market include changing lifestyle, increase in patient’s awareness of this ailment, and surgeries & therapies related to CABG.

Market Synopsis:

Market Research Future (MRFR) postulates that the global Coronary Artery Bypass Graft Market Size is slated to garner USD 116 million, grabbing a CAGR of 6.0% during the forecast period (2016-2022). The surging incidences of cardiovascular disease due to changing lifestyle is estimated to favor the market growth worldwide. Coronary artery bypass grafting (CABG) is referred to as a type of bypass surgery used to create new routes for the blood to flow into the heart. CABG is generally used in patients suffering from severe coronary heart disease. CABG is caused due to anxiety, deskbound lifestyle, high consumption of junk food, and stress. Observing the market structure, this report estimates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market. The primary reasons because of which people are prone to cardiovascular ailments that require CABG in order to be cured include anxiety, deskbound lifestyle, high consumption of junk food, and stress. Due to the rise in cardiovascular ailments, the market for coronary artery bypass grafting is also rising. Other factors responsible for the growth of this market include changing lifestyle,

increase in patient’s awareness of this ailment, and surgeries & therapies related to

CABG.

Competitive Dashboard:

Genesee BioMedical
MAQUET Holding B.V. & Co. KG
Edwards Lifesciences Corporatio
Neograft Inc
Sorin Group
Dextera Surgical Inc
Terumo Cardiovascular Systems Corporation
VasoPrep Surgical
Hancock Jaffe Laboratories Inc
NOVADAQ Technologies Inc

Global Coronary Artery Bypass Graft Market: Segmental Analysis:

The global coronary artery bypass graft market has been segmented on the basis of type, procedure, and end-users.
By mode of type, the global coronary artery bypass graft market has been segmented into on-pump, off-pump, endoscopic vein harvesting, minimally invasive direct CABG, and others. Among these, the off-pump segment is estimated to gain significant prominence in the long run due to the advantages it offers. The reduced inflammatory response, minimal blood loss, lower postoperative complications, mortality rate, and lower morbidity drive the segment globally.
By mode of procedure, the global coronary artery bypass graft market has been segmented into double CABG surgery, single CABG surgery, quadruple CABG surgery, triple CABG surgery, and others.
By mode of end-users, the global coronary artery bypass graft market has been segmented into cardiology clinics, hospitals, research institutes, and others.

Regional Insights:

Globally North America is leading the global coronary artery bypass graft market which is further expected to grow with approximately 6.4% CAGR during the forecast period (2016-2022). Moreover, factors such as the high per capita healthcare spending and the growing population in the region are expected to spur the market growth in the region.

Markets in the U.S. and Canada led by the rising number of bypass surgeries and the growing prevalence of coronary diseases lead the regional market. Furthermore, the rapid uptake of advanced technologies and devices in the surgical process is also an essential driver of the market.

The European region witnessing the increasing number of coronary artery bypass procedures accounts for the second-largest market, globally. Factors such as increasing healthcare expenditures and spreading awareness of CABG procedures impact the market growth in the region. Also, the resurging economy is playing a vital role in increasing the market value in the region.

Furthermore, factors such as the availability of specialty care services in hospitals & tertiary care centers, increasing demand for the treatment options of cardiovascular diseases, and rising prevalence of cardiovascular diseases escalate the market growth in the region.

Moreover, factors positively impacting the growth of the regional market include the growing emphasis on coronary artery bypass procedures and increasing geriatric population with chronic diseases such as diabetes & obesity which increase the risk for heart disease, and rising prevalence of cardiovascular diseases.

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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