Unlocking Opportunities in the Coronary Artery Bypass Graft Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theCoronary Artery Bypass Graft Market?
The escalating occurrence of cardiovascular diseases is anticipated to stimulate the expansion of the coronary artery bypass graft market in the future. Cardiovascular disease (CVD) broadly covers a variety of heart and blood vessel conditions. A coronary artery bypass graft (CABG) is recommended to diminish the risk of experiencing a heart attack by creating a new route for blood to circumnavigate obstructed or partially obstructed arteries in the heart. For example, in March 2023, a journal released by Oxford University Press indicated that by 2045, the proportion of individuals suffering from peripheral artery diseases is expected to surge by 50%. As such, the rising prevalence of cardiovascular diseases is fueling the growth of the coronary artery bypass graft market.
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#What Growth Opportunities Will Drive the Coronary Artery Bypass Graft Market’s CAGR Through 2034?
In recent times, the coronary artery bypass graft market has seen substantial growth. It is expected to increase from $12.58 billion in 2024 to $13.66 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%. The market expansion in the previous years has been influenced by factors such as an aging population, advancements in healthcare infrastructure, an increase in cardiovascular diseases, awareness campaigns, and insurance coverage.
The market size for coronary artery bypass graft is predicted to experience robust growth in the forthcoming years, expanding to $19.32 billion in 2029 with a 9.1% compound annual growth rate (CAGR). This growth during the projected period can be credited to factors such as the expansion of ambulatory surgery centers (ASCS), the integration of digital health, the rise of telemedicine, the use of remote patient monitoring devices, and patient-centric approaches. Key trends anticipated during this period encompass advancements in surgical methodologies, cooperative research, the incorporation of robotics in surgical procedures, the use of biodegradable implants, AI application for diagnostic objectives, and virtual reality-based training for surgeons.
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What Key Market Trends and Innovations Are Shaping the Future of theCoronary Artery Bypass Graft Industry?
Strategic partnerships are becoming increasingly popular in the coronary artery bypass graft industry, a key trend witnessed by major players. Companies are focusing on these collaborations to consolidate their market position and obtain a competitive edge. For example, in July 2022, Medtronic PLC, a medical device company from the US, formed a strategic alliance with CathWorks, a medical equipment producer from Israel. As part of the agreement, Medtronic committed to a maximum investment of $75 million in the Israel-based company and will also jointly promote CathWorks’ FFRangio System across the US, Japan, and Europe.
Which Companies Are Leading the Charge in Expanding theCoronary Artery Bypass Graft Market Growth?
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.
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How is the Global Coronary Artery Bypass Graft Market Segemented?
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 Geographics 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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