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Coronary Artery Bypass Graft Procedures Market Size to Reach USD 26.0 Billion by 2032 growing at 6.5% CAGR - Exclusive Report by Acumen Research and Consulting

28 Oct 2024
ARC
Healthcare and Pharmaceuticals

The Coronary Artery Bypass Graft Procedures Market, valued at USD 14.8 Billion in 2023, is anticipated to surpass USD 26.0 Billion by 2032, reflecting a projected CAGR of 6.5%

The market for coronary artery bypass graft surgeries is quickly expanding due to the rising frequency of cardiovascular disorders, particularly coronary artery disease (CAD). CABG is a surgical procedure that treats clogged or constricted coronary arteries by establishing alternate channels to maintain sufficient blood flow to the heart muscle. The market is primarily driven by the rising prevalence of lifestyle-related disorders such as diabetes, obesity, and hypertension, all of which are major risk factors for cardiovascular disease. Furthermore, advances in surgical techniques, such as less invasive treatments, and improvements in post-operative care are driving up the need for CABG surgery.

Coronary Artery Bypass Graft Procedures Market Statistics

Furthermore, the aging population around the world is a big motivator, as older people are more likely to suffer cardiovascular disease. The greater knowledge of cardiac health, combined with improved healthcare infrastructure and treatment access, is driving up the number of CABG surgeries. However, the market faces several hurdles, including the high cost of the treatment, patient preference for less invasive alternatives such coronary angioplasty, and surgical complications. On the other hand, technological breakthroughs in graft materials, as well as increased availability of robotic-assisted operations, are driving market expansion. Overall, the CABG operations market is predicted to rise steadily, driven by increased demand for cardiac care and innovative medical technology.

Coronary Artery Bypass Graft Procedures Market Statistics

  • In 2023, the global coronary artery bypass graft procedures market was valued at USD 14.8 Billion
  • The market is expected to grow at a stable annual pace of 6.5% from 2024 to 2032
  • The North America area accounts for 45% of the coronary artery bypass graft procedures market
  • Asia-Pacific is increasing at a CAGR of 7.7% in the coronary artery bypass graft procedures market
  • The single CABG surgery type category delivers the highest income
  • Hospitals end-use has significantly contributed to revenue growth.
  • The Expanding healthcare infrastructure in emerging economies creates new chances for participation in packaging

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Coronary Artery Bypass Graft Procedures Market Dynamics

Increased Prevalence of Cardiovascular Diseases Drives the CABG Procedures Market

The increasing prevalence of cardiovascular diseases (CVDs), particularly coronary artery disease (CAD), is a major driver of the CABG procedures industry. Unhealthy diets, a lack of physical activity, and high levels of stress have all contributed to an increase in the global incidence of CVDs, which include illnesses such as high cholesterol, hypertension, and diabetes. CAD, which is defined as the narrowing or blockage of the coronary arteries, is a serious health problem that frequently requires CABG surgery to address.

The expanding number of individuals diagnosed with CAD has increased demand for surgical treatments such as CABG, particularly in industrialized countries with greater access to healthcare. Furthermore, the early diagnosis of CAD using diagnostic tools such as angiography has improved, allowing more patients to get timely surgical procedures. This expanding patient base is projected to continue boosting demand for CABG treatments.

Post-Operative Complications Pose a Restraint

CABG is a well-known and successful treatment, although it is not without dangers. Potential risks like as infection, stroke, and graft failure pose a threat to the market's expansion. Furthermore, patients undergoing CABG surgery may require lengthy recovery periods, which may discourage some people from pursuing the therapy. Healthcare providers are constantly attempting to enhance surgical results and reduce postoperative complications, but these issues continue to limit market growth.

Technological Advancements in Graft Materials Create Offers Significant Coronary Artery Bypass Graft Procedures Market Opportunities

The development of better graft materials is creating new opportunities in the CABG procedures industry. Traditionally, grafts are obtained from the patient's own blood arteries, such as the saphenous vein or the internal mammary artery. However, recent breakthroughs have led to the use of synthetic grafts and tissue-engineered vascular grafts, which provide benefits such as lower donor site morbidity and better long-term outcomes.

These novel graft materials, particularly bioengineered alternatives, have the potential to increase the success rate of CABG procedures by lowering the risk of problems like as graft occlusion or failure. As research in tissue engineering and biomaterials develops, the market is likely to see an increase in the use of these next-generation grafts, particularly in difficult cases where standard grafting methods may be ineffective.

Coronary Artery Bypass Graft Procedures Market Segmentation

The worldwide coronary artery bypass graft procedures market is splits into 4 groups: graft type, surgery type, end-use, and regional markets

  • Graft Type: internal thoracic artery grafts, saphenous vein grafts, and other grafts
  • Surgery Type: quadruple CABG surgery, triple CABG surgery, double CABG surgery, and single CABG surgery
  • End-Use: hospitals, and ambulatory surgical centers
  • Regional: Latin America, North America,  Asia-Pacific, the Middle East & Africa, and Europe

Coronary Artery Bypass Graft Procedures Market Regional Outlook

North America is likely to dominate the coronary artery bypass graft (CABG) procedures market due to the high prevalence of coronary artery disease, well-developed healthcare infrastructure, and availability of modern surgical techniques. The aging population and widespread access of healthcare services in the United States contribute to the high number of CABG procedures performed each year. Furthermore, government measures targeted at enhancing cardiac care, as well as the existence of significant market competitors, add to the region's dominant position.

Europe is another important market for CABG treatments, with nations such as Germany, France, and the United Kingdom providing modern healthcare systems and a strong demand for heart surgery. The region's aging population, combined with increased healthcare awareness, is projected to drive up demand for CABG surgeries in the future years.

Coronary Artery Bypass Graft Procedures Market Players

Coronary artery bypass graft procedures companies profiled in the report include Novadaq Technologies Inc., Sorin Group, Stryker Corporation, Terumo Corporation, LivaNova plc., Edwards Lifesciences Corporation, Guidant Corporation, Medtronic plc., Getinge AB, and Genesee Biomedical.

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