The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global coronary artery bypass graft market is expected to grow from $10.46 billion in 2022 to $11.45 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The coronary artery bypass graft market is expected to reach $15.93 billion in 2027 at a CAGR of 8.6%.

North America was the largest region in the coronary artery bypass graft market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

Coronary Artery Bypass Graft Market Driver
Increased prevalence of cardiovascular diseases is expected to drive the growth of the coronary artery bypass graft market going forward. Cardiovascular disease (CVD) broadly encompasses various heart and blood vessel ailments. A coronary artery bypass graft (CABG) is recommended to reduce the chances of having a heart attack by creating a new pathway for blood to flow around blocked or partially blocked arteries in the heart. For instance, in March 2023, according to the journal published by Oxford University Press, a UK-based university press of the University of Oxford, by 2020, more than 200 million people were affected with peripheral artery diseases, expected to increase by 50% by 2045. Therefore, the increased prevalence of cardiovascular diseases is driving the growth of the coronary artery bypass graft market.

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Prominent Coronary Artery Bypass Graft Market Trend
Strategic collaboration is a key trend gaining popularity in the coronary artery bypass graft market. Major companies operating in the coronary artery bypass graft market are focused on a strategic collaboration to strengthen their position and gain a competitive advantage. For instance, in July 2022, Medtronic plc, a US-based medical device company, collaborated with CathWorks, an Israel-based medical equipment manufacturer. Under the agreement, Medtronic will invest a maximum of $75 million in the Israel-based company and engage in joint promotion of CathWorks’ FFRangio System in the United States, Japan, and Europe. Furthermore, in September 2021, Etiometry, a US-based clinical decision-support software for critical care, collaborated with Terumo Cardiovascular, a US-based manufacturer of medical devices for cardiac and vascular surgery. Through the partnership, adult cardiac surgery patients will benefit from advanced clinical decision support during and throughout their post-surgical recovery. By combining Etiometry’s platform with Terumo’s cardiac surgical devices, a more comprehensive understanding of a patient’s condition and enhanced perioperative management can be achieved.

Coronary Artery Bypass Graft Market Prominent Players
Major players in the coronary artery bypass graft market are MicroPort Scientific Corporation, 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, Sorin Group, Cardiva Medical Inc., Genesee Biomedical Inc., Dextera Surgical Inc., Cardica Inc., Maquet Holding B.V. & Co.KG, Novadaq Technologies Inc., Karl Storz GmbH & Co. KG, Vitalitec International Medizintechnik GmbH, and Hancock Jaffe Laboratories.

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Key Coronary Artery Bypass Graft Market Segments
The global coronary artery bypass graft market 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

The Coronary Artery Bypass Graft Global Market Report 2023  provides a comprehensive overview on the coronary artery bypass graft market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the coronary artery bypass graft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. 

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