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.
Our in-depth analysis segmented the global coronary artery bypass grafts market in the following segments:
Global coronary artery bypass grafts market is further classified on the basis of region as follows:
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