The global coronary artery bypass graft procedures market is likely to exceed revenue of $20 billion by 2026, according to a study produced by Acumen Research and Consulting, The industry also reflects the CAGR of 2% during 2019-2026. The report provides analysis of global Coronary Artery Bypass Graft Procedures market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
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 revascularisation 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.
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The demand for coronary artery bypass (CABG) procedure has been encouraged, such as increased incidence of multiple cardiovascular illnesses such as Coronary Heart Disease (CHD), myocardial infarction, and stroke combined with increasing demand for minimally invasive operations. In addition, owing to better patency rates and long-term outcomes, technical advances and increasing preference are expected to propel the CABG market for the internal thoracic artery grease.
In addition, increasing costs of health care boost the economic cost to patients without insurance cover as the cost of CABGs is lower for individuals to travel to developing nations. In turn, this increases demand in developing countries for medical tourism. Some of the important variables driving demand for CABG processes in developing countries are the availability of advantages such as enhanced health care, low operating price and better hospitality.
With sales of USD 11 billion, North America has resulted the coronary artery bypass grafting system market in 2018, with a forecast increase of 2,1 percent at the fastest CAGR. Some of the main factors given for North America’s elevated market share include the easy access of graft, elevated healthcare expenditures per capita, the number of target people in the US and Canada, sedentary lifestyles, and increased cardiovascular deaths.
In 2016, approximately 363,452 fatalities in U.S. coronary heart disease are estimated in the estimated estimates released by the American Heart Association. Additionally, CABG and related processes are expected to benefit favorably from favourable reimbursement policies and promising federal projects in order to support the therapy of cardiovascular diseases.
Today, the worldwide market for the bypass grafts is motivated by an increase in cardiovascular disease incidence and the increasing need for geriatric population and for the repetition of revascularisations.
Cardiovascular and aging populations are on the rise, helping to boost worldwide market demand for bypass grafts. The development of the coronary blood pressure bypass graft industry is also anticipated to result from an increasing use of endoscopic vessel harvesting equipment and anastomosis support systems. However, the increased health budget, bad reimbursement and payment models as well as market leadership consolidation act as a significant impediment to this market’s development.
The worldwide coronary artery bypass market is anticipated to develop at a healthy CAGR over its predicted era (2015-2026 with fast technological progress in the health sector, reducing cardiovascular diseases, increasing geriatric populations, and the growing use of endoscopic vessel harvesting equipment and anastomosis aid equipment.
Long operative incisions through the internal thigh and/or calf are traditionally required. Investigations that compare traditional approaches with endoscopic techniques reveal that patients are usually less complicated, less leg pain and less hospitalized with the endoscopic harvest techniques.
Coronary artery bypass graft is an alternative for chosen patient groups with important heart blockages. The CABG bypass graft may be a joint vein or the internal artery of the chest.
Key Players & Strategies
KARL STORZ GmbH & Co Medtronic, TERUMO Co., are the key players in the worldwide coronary artery bypass graft industry. Other includes KG, Boston Scientific, Ethicon, Neograft, MAQUET Holding, Sorin Group, Boston Scientific. Edwards Lifesciences, and Genesee Biomedical Inc.
These actors implement organic and organic growth strategies for expanding their product portfolio, strengthening geographic scope, increasing their client base and capturing market shares.
Market Segment Analysis:
Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of this market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of this market.
Market, By Graft Type
- Internal Thoracic Artery Grafts
- Saphenous Vein Grafts
- Other Grafts
Market, By Surgery Type
- Quadruple CABG Surgery
- Triple CABG Surgery
- Double CABG Surgery
- Single CABG Surgery
Market, By Geography
- North America.
- Latin America
- Middle East and Africa (MEA)
The market research study on “Coronary Artery Bypass Graft Procedures Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026” offers detailed insights on global Coronary Artery Bypass Graft Procedures market segments with market dynamics and their impact. The report also covers basic technology development policies.
This study offers an assessment of the recent industrial trends in each sub-segment from 2014 to 2026 and forecasts income development at worldwide, regional, as well as national levels. For this research ARC segmented the market survey for coronary artery bypass bypass grafting processes by type, type of surgery and regional sections:
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
– What is the overall structure of the market?
– What was the historical value and what is the forecasted value of the market?
– What are the key product level trends in the market?
– What are the market level trends in the market?
– Which of the market players are leading and what are their key differential strategies to retain their stronghold?
– Which are the most lucrative regions in the market space?
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