Coronary Artery Bypass Graft Market Size

Report ID: GMI8564
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Published Date: November 2024
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Report Format: PDF

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Coronary Artery Bypass Graft Market Size

The global coronary artery bypass graft market size was valued at USD 11.8 billion in 2023 and is estimated to grow at 7.1% CAGR over the analysis timeline. Coronary artery bypass grafting (CABG) is used in the management of coronary artery disease (CAD). The procedure involves the use of a graft to restore blood flow to the heart. Often, this involves taking a section of a blood vessel from the saphenous vein in the leg or using the internal mammary artery from the chest.

 

Coronary Artery Bypass Graft Market

The rising incidence of coronary heart disease is resulting in growth of the coronary artery bypass graft (CABG) market across the globe. Cardiovascular diseases have emerged as the leading cause of deaths worldwide, accounting for around 17.9 million deaths per year, as per the World Health Organization (WHO). The increasing prevalence of chronic diseases like diabetes and pulmonary arterial hypertension are other factors responsible for this growth. High levels of blood glucose can affect the blood vessels that go to the heart and lead to heart problems.
 

In addition, the market is driven by the increasing elderly population, which the United Nations estimates will be 2.1 billion by 2050, effectively doubling in number. The gradual development of deposits of fats in the arterial walls makes older people more vulnerable to developing cardiovascular illnesses, which is where CABG comes in as an operative procedure that helps them. Aside from the elderly citizens, appropriate reimbursement policies are further encouraging the CABG market's expansion, increasing the use of the surgery. Collectively, these trends highlight the increasing significance of CABG in the fight against the global burden of cardiovascular diseases.

 

Authors: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
Who are the major players in the coronary artery bypass graft market?
Key players in the industry include Abbott Laboratories, AngioDynamics, AtriCure, B. Braun Melsungen AG, Boston Scientific, Cardinal Health, CryoLife, Edwards Lifesciences, Johnson & Johnson, LivaNova, Medline Industries, Medtronic, Nipro Corporation, Stryker Corporation, and Terumo Corporation.
What trends are influencing the U.S. coronary artery bypass graft market growth?
What is the size of the grafts segment in the coronary artery bypass graft market?
Why is the traditional (on-pump) CABG method dominating the market?
How big is the coronary artery bypass graft market?
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    Base Year: 2023

    Companies covered: 15

    Tables & Figures: 185

    Countries covered: 18

    Pages: 150

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