Product ID: UCMIG35D2209
Report ID:
UCMIG35D2209 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for coronary artery bypass graft procedures demonstrated a significant valuation of USD 16.10 billion in the year 2018, setting the stage for a projected expansion at a Compound Annual Growth Rate (CAGR) of 1.7% from 2019 to 2025. This trajectory is primarily attributed to a convergence of pivotal factors. The escalating prevalence of diverse cardiovascular disorders, such as Coronary Heart Disease (CHD), myocardial infarction, and strokes, underscores a pressing need for effective treatment options. Notably, this demand is further underscored by an increasing inclination towards minimally invasive surgical approaches. This prevailing landscape substantiates the growing popularity and necessity of coronary artery bypass graft (CABG) procedures, positioning the market for sustained growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
The Coronary Artery Bypass Graft Procedures Market is segmented by Graft Type (Revenue, USD Million, 2014 - 2025), Surgery Type (Revenue, USD Million, 2014 - 2025), Regional (Revenue, USD Million, 2014 - 2025). We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.
Coronary Artery Bypass Graft Procedures Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.
SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on Coronary Artery Bypass Graft Procedures Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect Coronary Artery Bypass Graft Procedures Market's supply chain, distribution, and total revenue growth.
To understand the competitive landscape, we are analyzing key Coronary Artery Bypass Graft Procedures Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Coronary Artery Bypass Graft Procedures Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
The Coronary Artery Bypass Graft Procedures Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.
Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.
Report Attribute | Details |
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The base year for estimation | 2021 |
Historical data | 2016 – 2022 |
Forecast period | 2022 – 2028 |
Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
Segments covered |
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Regional scope | North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) |
Country scope | U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa |
Key companies profiled |
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Customization scope | Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Reap the benefits of customized purchase options to fit your specific research requirements. |
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Coronary Artery Bypass Graft Procedures Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coronary Artery Bypass Graft Procedures Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coronary Artery Bypass Graft Procedures Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coronary Artery Bypass Graft Procedures Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONThe market for Coronary Artery Bypass Graft Procedures was estimated to be valued at US$ XX Mn in 2021.
The Coronary Artery Bypass Graft Procedures Market is estimated to grow at a CAGR of XX% by 2028.
The Coronary Artery Bypass Graft Procedures Market is segmented on the basis of Graft Type (Revenue, USD Million, 2014 - 2025), Surgery Type (Revenue, USD Million, 2014 - 2025), Regional (Revenue, USD Million, 2014 - 2025).
Based on region, the Coronary Artery Bypass Graft Procedures Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Coronary Artery Bypass Graft Procedures Market are nsights , The coronary artery bypass graft procedures market size was valued at USD 16.10 billion in 2018 and is anticipated to expand at a CAGR of 1.7% from 2019 to 2025. Factors such as the rising prevalence of various cardiovascular disorders such as Coronary Heart Disease (CHD), myocardial infarction, and strokes coupled with growing demand for minimally invasive surgeries are encouraging the demand for coronary artery bypass graft (CABG) procedures. , Moreover, technological advancements and growing preference for internal thoracic artery graft over saphenous vein graft due to better patency rate and long-term results are anticipated to propel the CABG procedures market. , Furthermore, rising healthcare costs increase the economic burden on uninsured patients due to which people tend to travel to developing countries where the cost of CABG surgeries is less. This, in turn, is boosting the demand for medical tourism in developing nations. Availability of benefits such as improved healthcare, low cost of surgeries, and better hospitality are some of the major factors driving the demand for CABG procedures in emerging economies. , Graft Type Insights , On the basis of key graft types, the CABG procedure market is categorized into saphenous vein grafts, internal thoracic artery grafts, and other grafts. The other grafts segment is further divided into a radial artery and gastroepiploic artery. In 2018, saphenous vein graft is the most commonly used conduit for CABG procedure, held the largest market share of 41.0%. Key factors driving the segment growth are the properties such as high-flow conduit with longer graft length, ease of handling, and requirement of less transfusion compared to other graft types. , The other grafts segment is expected to register the fastest CAGR of 2.02% from 2019 to 2025, on account of increasing adoption of the radial artery due to its significantly lower risk of heart attack and repeats revascularization after an average follow-up of 5 years. Moreover, growing alternative conduit for saphenous vein grafts for coronary artery bypass graft surgery has boosted the growth of this segment over the forecast period. , Surgery Type Insights , The surgery type segment includes single, double, triple and quadruple CABG surgeries. In 2018, triple CABG surgeries in which three vessels are bypassed held the largest market share of 32.3%. The increasing prevalence of cardiovascular diseases is expected to be the primary factor driving demand. , The double CABG surgery is expected to emerge as the fastest growing segment from 2019 to 2025. Growing technologically advanced products performing double CAGR surgery worldwide is projected to propel the growth of this segment over the forecast period. , Regional Insights , North America led the coronary artery bypass graft procedure market in 2018, with a revenue of USD 11.54 billion and is expected to expand at the fastest CAGR of 2.0% over the forecast period. Some of the key reasons attributed for the high market share of North America include the ease of availability of grafts, high per capita healthcare expenditure, the presence of the target population, sedentary lifestyles of individuals in U.S. and Canada, and rising mortality due to cardiovascular diseases. , According to the estimates published by the American Heart Association, coronary heart disease accounts for approximately 13% deaths in U.S. that is around 363,452 deaths in 2016. Moreover, favorable reimbursement policies for CABG and associated procedures and promising federal initiatives to encourage treatment of cardiovascular diseases are anticipated to positively reinforce the growth. , KEY MARKET SEGMENTS , By Graft Type (Revenue, USD Million, 2014 - 2025) , Saphenous Vein Grafts , Internal Thoracic Artery Grafts , Other Grafts , Radial Artery , Gastroepiploic Artery , By Surgery Type (Revenue, USD Million, 2014 - 2025) , Single CABG Surgery , Double CABG Surgery , Triple CABG Surgery , Quadruple CABG Surgery , By Regional (Revenue, USD Million, 2014 - 2025) , North America , The U.S. , Canada , Europe , Germany , The U.K. , Spain , France , Italy , Russia , Asia Pacific , Japan , China , India , South Korea , Singapore , Australia , Latin America , Brazil , Mexico , Argentina , MEA , South Africa , Saudi Arabia , UAE".
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Product ID: UCMIG35D2209