How Will the Coronary Artery Bypass Graft Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How has the coronary artery bypass graft market grown in recent years?
Over recent years, the market size for coronary artery bypass graft has seen significant growth. It is projected to increase from a value of $12.58 billion in 2024 to around $13.66 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this growth in the past include an aging population, the expansion of healthcare infrastructure, an increase in cardiovascular diseases, awareness campaigns and insurance coverage.
How is the coronary artery bypass graft market size expected to evolve during the forecast period?
The market size of coronary artery bypass graft is projected to experience significant expansion in the upcoming years, reaching $19.32 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this anticipated growth during the forecast period include the expansion of ambulatory surgery centers (ASCS), the integration of digital health, the rise of telemedicine, the use of remote patient monitoring devices, and a focus on a more patient-centric approach. In addition, upcoming trends forecasted to influence this market entail advancements in surgical procedures, cooperative research initiatives, the utilization of robotics in surgery, the employment of biodegradable implants, the application of artificial intelligence in diagnosis, and the adoption of virtual reality for surgical training.
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Which key drivers are propelling the coronary artery bypass graft market’s growth?
The rise in incidences of cardiovascular diseases is anticipated to fuel the expansion of the coronary artery bypass graft market. Cardiovascular disease (CVD) is a broad term that includes a variety of conditions affecting the heart and blood vessels. A coronary artery bypass graft (CABG) is typically recommended to reduce the risk of a heart attack by creating a new route for blood flow around clogged or partially clogged coronary arteries. For example, a journal published by Oxford University Press in March 2023, a press associated with the University of Oxford in the UK, projected that by 2045, the number of people suffering from peripheral artery diseases would surge by 50%. Consequently, the escalating prevalence of cardiovascular diseases is stimulating the expansion of the coronary artery bypass graft market.
What are the market segments in the coronary artery bypass graft industry?
The coronary artery bypass graft market covered in this report is segmented –
1) By Procedure: Single Coronary Artery Bypass Graft (CABG) Surgery, Double Coronary Artery Bypass Graft (CABG) Surgery, Triple Coronary Artery Bypass Graft (CABG) Surgery, Quadruple Coronary Artery Bypass Graft (CABG) Surgery, Other Procedures
2) By Method: Off-pump, On-pump
3) By End-Use: Hospitals, Cardiology Clinics, Research Institutes, Other End-Users
Subsegments:
1) By Single Coronary Artery Bypass Graft (CABG) Surgery: Left Internal Mammary Artery (LIMA) To Left Anterior Descending Artery (LAD), Other Single Graft Procedures
2) By Double Coronary Artery Bypass Graft (CABG) Surgery: LIMA To LAD and Another Artery, Other Combinations Of Two Arteries
3) By Triple Coronary Artery Bypass Graft (CABG) Surgery: LIMA To LAD And Two Other Arteries, Other Combinations Of Three Arteries
4) By Quadruple Coronary Artery Bypass Graft (CABG) Surgery: LIMA To LAD And Three Other Arteries, Other Combinations Of Four Arteries
5) By Other Procedures: Off-Pump CABG, Minimally Invasive CABG, Hybrid Procedures
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Which leading companies are shaping the growth of the coronary artery bypass graft market?
Major companies operating in the coronary artery bypass graft market include CryoLife Inc., Johnson & Johnson Co, Abbott Laboratories, Medtronic plc, Stryker Corporation, Northwell Health, Boston Scientific Corporation, Penn Medicine, Geisinger Health System Co, Terumo Corporation, Edwards Lifesciences Corporation, Main Line Health Inc., Getinge AB, Teleflex Incorporated, W. L. Gore & Associates Inc., Guidant Group, LivaNova PLC, AtriCure Inc., Peter Surgical, Cardiva Medical Inc., Genesee Biomedical Inc., Dextera Surgical Inc., Cardica Inc., Maquet Holding B.V. & Co.KG, Vitalitec International Medizintechnik GmbH, Hancock Jaffe Laboratories.
What key trends are currently impacting the coronary artery bypass graft market’s development?
The coronary artery bypass graft market is witnessing an increasing trend of strategic collaborations among major companies. These partnerships aim to consolidate their market position and beef up the competitive edge. For example, Medtronic PLC, an American medical device firm, teamed up with CathWorks, a health equipment provider based in Israel, in July 2022. As part of the alliance, Medtronic is set to pour in a maximum of $75 million investment into the Israel-based CathWorks, and promoting CathWorks’ FFRangio System together in the United States, Japan, and Europe.
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Which geographic areas are influencing the growth of the coronary artery bypass graft market?
North America was the largest region in the coronary artery bypass graft market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coronary artery bypass graft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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