The Coronary Artery Bypass Grafts Market was worth USD 16.5 billion in 2020 and is predicted to expand at a 6.1% CAGR during the forecast period.
The global coronary artery bypass grafts market can be segmented on the basis of technology, procedure, end-user and region. On the basis of technology, it is sub-segmented into off-pump CABG, on-pump CABG and others. The on-pump CABG is anticipated to lead the global coronary artery bypass grafts market during the forecast period.
The increasing application of the different machines such as heart-lung machines, stabilizers and others is anticipated to boost the growth of the global coronary artery bypass grafts market during the forecast period. On the basis of procedure, it is sub-segmented into single CABG surgery, double CABG surgery, triple CABG surgery, quadruple CABG surgery and others. Triple CABG surgery is anticipated to be largest sub-segment of the procedure segment during the forecast period.
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The increasing prevalence of the chronic diseases such as cardio-vascular diseases is anticipated to be the primary reason for the increasing demand for the triple CABG surgery. On the basis of end-users, it is sub-segmented into hospitals, cardiology clinics, and research institutes and other. Hospitals is anticipated to be the largest sub-segment for the end-users segment. The presence of the advanced machinery in the hospitals coupled with the availability of expert physician is driving the sub-segment growth during the forecast period.
By region, global coronary artery bypass grafts market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global coronary artery bypass grafts market during the forecast period. The presence of the expert medical treatment devices and minimally invasive techniques for the treatment of the cardio-vascular diseases is anticipated to be the primary reason for the region to lead the global coronary artery bypass grafts market during the forecast period.
Asia-Pacific region is anticipated to be the fastest growing region for the global coronary artery bypass grafts market. The increasing population in the region coupled with rising awareness about heart related surgeries is expected to support the market growth of the coronary artery bypass grafts in the region.
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Rising geriatric population across the globe coupled with increasing demand for the better healthcare services is anticipated to boost the global coronary artery bypass grafts market
The geriatric population incurs heart related diseases frequently on the account of the increasing blood cholesterol level and high blood pressure. The other factor is the increasing cases of the obesity which leads to artery blockage. The coronary artery bypass grafts is most common type of the heart surgery that is used in the treatment of the heart related disorders. The increasing occurrence of the heart related diseases is anticipated to boost the growth of the global coronary artery bypass grafts market during the forecast period.
Key companies profiled:
- Medtronic
- TERUMO CORPORATION
- Guidant Group
- MAQUET Holding B.V. & Co. K.G.
- Vitalitec International, Inc.
- Novadaq Technologies Inc.
- KARL STORZ GmbH & Co. K.G.
- Edwards Lifesciences
- Genesee Biomedical Inc.
- Sorin Group.
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Key Segments
By Technology:
- Off-pump CABG
- On-pump CABG
- Others
By Procedure:
- Single CABG surgery
- Double CABG surgery
- Triple CABG surgery
- Quadruple CABG surgery
- Others
By End User:
- Hospitals
- Cardiology Clinics
- Research Institutes
- Others
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