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Coronary Artery Bypass Grafts Market Segmentation By Technology (Off-pump CABG, On-pump CABG and Others); By Procedure (Single CABG surgery, Double CABG surgery, Triple CABG surgery, Quadruple CABG surgery and Others); By End-Users (Hospitals, Cardiology Clinics, Research Institutes and Other) - Global Demand Analysis & Opportunity Outlook 2027

Buy Now Report ID: 732 | Published Date: Feb 09, 2023

Growth Drivers and Challenges

The increasing geriatric population across the globe is anticipated to incur heart related disease easily. This is anticipated to be a major growth driver for the global coronary artery bypass grafts market. According to the American Heart Association, it is estimated that global geriatric population is estimated to be account 20% of the total population. The geriatric population is expected to incur heart related diseases which in turn is anticipated to boost the growth of the global coronary artery bypass grafts market during the forecast period. The increasing use of the endoscopic vessel harvesting devices is also anticipated to fuel the market growth of the global coronary artery bypass grafts market during the forecast period. Additionally, the different lifestyle problems associated with fast food consumption is increasing heart related diseases which in turn is anticipated to be the growth driver for the global coronary artery bypass grafts market.

However, high cost associated with the treatment of the cardiovascular diseases coupled with the poor healthcare infrastructure is expected to restrain the growth of the global coronary artery bypass grafts market during the forecast period.


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Market Segmentation

Our in-depth analysis segmented the global coronary artery bypass grafts market in the following 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-Users

  • Hospitals
  • Cardiology clinics
  • Research institutes
  • Other

By Region

Global coronary artery bypass grafts market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Coronary Artery Bypass Grafts Market Graph


Coronary Artery Bypass Grafts Market Graph
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Top Featured Companies Dominating The Market

top-features-companies
    • Medtronic
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
    • Hancock Jaffe Laboratories, Inc.
    • Dextera Surgical Inc.
    • Terumo Cardiovascular Systems Corporation
    • VasoPrep Surgical
    • NOVADAQ Technologies Inc.,
    • Neograft Inc.
    • Genesee BioMedical
    • MAQUET Holding B.V. & Co. KG.
    • Edwards Lifesciences Corporation
    • Sorin Group

In-the-news

In The News


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Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Radhika Gupta, Shivam Bhutani


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