Coronary Artery Bypass Graft Devices Market Growth Opportunities: Segmentation, Competitor Analysis, and Drivers

Data Bridge Market Research analyses that the coronary artery bypass graft devices market which was USD 13670. 50 million in 2021, would rocket up to USD 21299.45 million by 2029, and is expected to undergo a CAGR of 5.70% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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https://www.databridgemarketresearch.com/reports/global-coronary-artery-bypass-graft-devices-market

CABG is a common treatment approach for coronary heart disease, which is one of the leading causes of death worldwide. Coronary artery disease occurs when the flow of oxygen-rich blood to the heart muscle is restricted due to the formation of blocking matter in the coronary artery wall, resulting in a heart attack or chest pain (angina).

Global Coronary Artery Bypass Graft Devices Market Dynamics
Drivers

Growing number of geriatric population
As the population ages, more elderly patients are being referred for coronary artery bypass grafting (CABG) for cardiovascular diseases. Octogenarians, as the fastest growing demographic and with the highest prevalence of coronary artery disease, are increasingly being referred to cardiothoracic surgeons for surgical revascularization. Similarly, in Germany, from 1989 to 2000, the proportion of patients aged 70 who underwent cardiac surgery increased from 11.2 to 36.7%. One of the concerns about operating on elderly patients is the fear of poor surgical outcomes. There is concern that patients in their advanced years will not recover as well or will have fragile tissue. These all are the certain factors which will propel the growth of the market.

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North America dominates the coronary artery bypass graft devices market due to the presence of high-quality healthcare infrastructure facilities in countries such as the U.S and Canada, contributing to the growth of the market in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to increasing prevalence of hypertension, rising elderly population, obesity and diabetes which further leads to coronary artery disorders.

players operating in the coronary artery bypass graft devices market are:

Terumo Cardiovascular Systems Corporation (U.S.)
Genesee BioMedical (U.S.)
Edwards Lifesciences Corporation. (U.S.)
Boston Scientific Corporation (U.S.)
Medtronic (Ireland)
AtriCure, Inc. (U.S.)
Transonic. (U.S.)
KARL STORZ (Germany)

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