Coronary Artery Bypass Graft Procedures Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
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The Global Coronary Artery Bypass Graft Procedures Market Size accounted for USD 14.8 Billion in 2023 and is estimated to achieve a market size of USD 26.0 Billion by 2032 growing at a CAGR of 6.5% from 2024 to 2032.
Coronary Artery Bypass Graft Procedures Market Highlights
- Global coronary artery bypass graft procedures market revenue is poised to garner USD 26.0 billion by 2032 with a CAGR of 6.5% from 2024 to 2032
- North America coronary artery bypass graft procedures market value occupied around USD 6.7 billion in 2023
- Asia-Pacific coronary artery bypass graft procedures market growth will record a CAGR of more than 7.2% from 2024 to 2032
- Among surgery type, the single CABG surgery sub-segment generated more than USD 4.9 billion revenue in 2023
- Based on end-use, the hospitals sub-segment generated around 53% market share in 2023
- Growing focus on preventive healthcare and cardiovascular disease management supports long-term market growth is a popular coronary artery bypass graft procedures market trend that fuels the industry demand
Coronary artery bypass grafting can be described as open-heart surgery, where a portion of the ship is grafted from the aorta to the coronary artery in order to overcome the blocked coronary artery segment and enhance the cardiac supply of Blood. Coronary artery bypass surgery graft is a method used primarily in certain conditions to treat coronary artery disease. Coronary artery condition is the reduction in the coronary arteries triggered by the accumulation of fatty material within the artery walls. This accumulation creates a contract within the arteries, limiting the supply of oxygen-rich blood to the heart muscle. Although traditional' open heart ' procedures are still performed and often preferred in many cases, the blocked coronary arteries have been bypassed through less aggressive methods.
Today, the world market of bypass grafts is motivated by the increasing incidence of cardio-vascular illnesses and the growing need for repeat revascularization in conjunction with geriatric populations.
Cardiovascular diseases are increasing and the population is aging, helping to boost the demand in worldwide markets for bypass grafts. The development of the market for coronary artery bypass graft products is also anticipated to drive the development of endoscopic vessel harvesting systems and anastomosis support systems. But a increasing health budget, bad health reimbursement and payment models, as well as market leaders ' consolidation, constitute a significant obstacle to market development.
Global Coronary Artery Bypass Graft Procedures Market Dynamics
Market Drivers
- Rising prevalence of coronary artery disease (CAD) globally increases demand for CABG procedures
- Technological advancements in minimally invasive surgery techniques enhance procedural outcomes
- Growing geriatric population with higher susceptibility to cardiovascular diseases drives market growth
- Increasing awareness of the importance of early diagnosis and treatment for heart conditions
Market Restraints
- High costs associated with CABG procedures limit accessibility in low-income regions
- Stringent regulatory requirements delay the approval of new surgical tools and techniques
- Preference for alternative treatments, such as stenting and angioplasty
Market Opportunities
- Expanding healthcare infrastructure in emerging economies offers growth potential for CABG procedures
- Development of robotic-assisted CABG surgery opens new avenues for improved precision and patient recovery
- Increasing investment in R&D for advanced graft materials and techniques provides market expansion
Coronary Artery Bypass Graft Procedures Market Report Coverage
Market | Coronary Artery Bypass Graft Procedures Market |
Coronary Artery Bypass Graft Procedures Market Size 2022 |
USD 14.8 Billion |
Coronary Artery Bypass Graft Procedures Market Forecast 2032 | USD 26.0 Billion |
Coronary Artery Bypass Graft Procedures Market CAGR During 2023 - 2032 | 6.5% |
Coronary Artery Bypass Graft Procedures Market Analysis Period | 2020 - 2032 |
Coronary Artery Bypass Graft Procedures Market Base Year |
2022 |
Coronary Artery Bypass Graft Procedures Market Forecast Data | 2023 - 2032 |
Segments Covered | By Graft Type, By Surgery Type, By End-Use, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Sorin Group, Novadaq Technologies Inc., Stryker Corporation, LivaNova plc., Terumo Corporation, Edwards Lifesciences Corporation, Medtronic plc., Guidant Corporation, Getinge AB, and Genesee Biomedical. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Coronary Artery Bypass Graft Procedures Market Insights
The demand for coronary artery bypass (CABG) interventions is encouraged by factors such as increased incidence of multiple cardiovascular disorders, such as CHD, myocardial infarction and strokes, and the increasing demand for minimally invasive surgery. Furthermore, owing to the better patent pace and longer-term outcomes, technological progress and increasing preference for inner chest thoracic artery graft over saphenous vein graft are projected to boost the CABG procedures industry.
In addition, increasing healthcare expenses boost the financial burden for non-insured patients, because the price of CABG surgery is lower in developing nations. In turn, this is boosting demand in developing countries for medical tourism. Some of the key drivers of demand for CABG processes in developing markets are the availability of advantages like better healthcare, low operating expenses and better hospitality.
The worldwide market for coronary artern bypass graft from 2024 to 2032 will probably be fueled by an increase in the prevalence of cardiovascular illnesses due to stress, obesity, sedentary life and unhealthy habit.
The worldwide market for coronary artery graft bypass is driven by increasing endoscopical operations, an increased incidence of cardiovascular diseases, demographic changes, an increase in complications such as sedentary lifestyle and aging populations and increasing in the field of medical tourism. But the worldwide coronary artery bypass graft market is constrained by the absence of regulatory approvals, increased cardiovascular complications following CABG, and elevated operational costs.
Coronary Artery Bypass Graft Procedures Market Segmentation
The worldwide market for coronary artery bypass graft procedures is split based on graft type, surgery type, end-use, and geography.
Coronary Artery Bypass Graft Procedures By Graft Type
- Internal Thoracic Artery Grafts
- Saphenous Vein Grafts
- Other Grafts
According to coronary artery bypass graft procedures industry analysis, the most frequently used CABG pipeline in 2023 was saphenous vein graft, which held the biggest market share. Elements such as high-flow pipes with a longer graft length, ease of handling and the need for less transfusion compared to other graft kinds form the main factors driving the segment development. Other grafts are anticipated, owing to growing use of the radial artery as the heart attack is considerably less at danger and to repeat revascularizations after an average5-year follow-up, to registrate the highest CAGR between 2024 and 2032. Furthermore, the development in this segment has increased over the forecast period of development in the increasing alternative conduit for Saphenous vein greffing for coronary artery bypass surgery.
Coronary Artery Bypass Graft Procedures By Surgery Type
- Quadruple CABG Surgery
- Triple CABG Surgery
- Double CABG Surgery
- Single CABG Surgery
The single coronary artery bypass graft (CABG) surgery segment dominates the market due to its predominance in treating patients with isolated coronary artery disease. A single CABG is frequently performed when one major artery, typically the left anterior descending artery, is blocked or constricted. This treatment is less invasive than multi-vessel CABG procedures, resulting in shorter recovery times and lesser surgical risks, making it the preferred option for both patients and healthcare professionals. Minimally invasive methods have also contributed to an increase in demand for single CABG since they improve procedural efficiency and patient outcomes, especially in people with lower-risk cardiovascular conditions.
Coronary Artery Bypass Graft Procedures By End-Uses
- Hospitals
- Ambulatory Surgical Centers
In the coronary artery bypass graft (CABG) procedures market, hospitals are expected to be the largest end user sector. Hospitals are frequently employed to undertake major cardiac procedures, such as CABG treatments, because to their modern infrastructure, qualified medical staff, and comprehensive post-operative care facilities. The availability of enhanced surgical tools and intensive care units (ICUs) in hospitals has boosted the demand for CABG surgeries. Hospitals also serve a larger proportion of patients who require emergency and high-risk procedures, which helps to explain their market dominance. With an increasing global incidence of cardiovascular illness and a greater need for novel surgical therapies, hospitals are preparing to maintain their lead in CABG procedures.
Coronary Artery Bypass Graft Procedures Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Coronary Artery Bypass Graft Procedures Market Regional Analysis
North America, with a income of USD 6.7 billion and anticipated to grow at the quickest in the forecast time, headed up the graft operation in coronary artery bypass in 2023. The main reasons for North America's elevated market share include easy access to grafts, elevated healthcare per capita spending, the existence of the target population, inactive lifestyles of people in the United States and Canada, and increased cardiovascular-related death. In the US coronary heart disease accounts for about significant percent fatalities in 2023, based on estimates released by the American Heart Association. In addition, the growth is expected to be favorably reinforced by favorable CABG repayment policies and related processes and promising federal projects for promoting cardiovascular diseases.
Coronary Artery Bypass Graft Procedures Market Players
Some of the top coronary artery bypass graft procedures companies offered in our report includes Sorin Group, Novadaq Technologies Inc., Stryker Corporation, LivaNova plc., Terumo Corporation, Edwards Lifesciences Corporation, Medtronic plc., Guidant Corporation, Getinge AB, and Genesee Biomedical.