Coronary Artery Bypass Graft Market Trends, Segmentation, Regional Analysis, Growth And Forecast To 2032

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 Business Research Company's Coronary Artery Bypass Graft Global Market Report 2023 identifies increased prevalence of cardiovascular diseases as the major driver for the coronary artery bypass graft market's growth in the forecast period. 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.

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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The coronary artery bypass graft market is expected to reach $15.93 billion in 2027 at a CAGR of 8.6%.

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Major competitors 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.

A key trend in the coronary artery bypass graft market includes strategic collaboration. 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.

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The 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

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the coronary artery bypass graft market.

The Business Research Company's "Global Coronary Artery Bypass Graft Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Coronary Artery Bypass Graft Market Include:
1. Executive Summary
2. Coronary Artery Bypass Graft Market Characteristics
3. Coronary Artery Bypass Graft Market Trends And Strategies
4. Coronary Artery Bypass Graft Market - Macro Economic Scenario
…..
32. Global Coronary Artery Bypass Graft Market Competitive Benchmarking
33. Global Coronary Artery Bypass Graft Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Coronary Artery Bypass Graft Market
35. Coronary Artery Bypass Graft Market Future Outlook and Potential Analysis
36. Appendix

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