Coronary Artery Bypass Graft Procedures Market Updates

The 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".