The global Coronary Artery Bypass Graft (CABG) Market was valued at USD 1.76 Billion in 2022 and is projected to reach USD 2.64 Billion by 2032, with a forecasted revenue CAGR of 4.6% during the specified period. Key drivers of market growth include the increasing prevalence of cardiovascular diseases, a growing geriatric population, and advancements in cardiac surgery procedures and technologies.
Coronary Artery Bypass Graft (CABG) is a surgical treatment used to address blockages or constriction in cardiac arteries. It involves creating a bypass around the blocked or narrowed artery using a healthy blood vessel from another part of the body, enhancing blood flow to the heart muscle. This procedure is often recommended for patients with significant Coronary Artery Disease (CAD) that cannot be adequately managed with medication or lifestyle changes alone.
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Competitive landscape:
- Abbott Laboratories
- Medtronic
- Boston Scientific Corporation
- LivaNova PLC
- Edwards Lifesciences Corporation
- Maquet Holding B.V. & Co. KG (Getinge Group)
- Terumo Corporation
- Cardinal Health, Inc.
- Cardiac Science Corporation
- Sorin Group
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Driving Factors of Coronary Artery Bypass Graft (CABG) Market:
- Increasing Prevalence of Cardiovascular Diseases: The rising incidence of cardiovascular diseases, such as coronary artery disease, is a significant driver of the CABG market. As the global population ages and lifestyle factors contribute to heart health issues, the demand for CABG procedures increases.
- Advancements in Cardiac Surgery Techniques and Technologies: Continuous advancements in surgical techniques, medical devices, and technologies related to CABG have improved the safety and efficacy of the procedure. These advancements attract both patients and healthcare providers, driving market growth.
- Growing Geriatric Population: The aging population is more susceptible to cardiovascular diseases, leading to an increased need for CABG procedures. As the elderly population expands, the demand for CABG is expected to rise.
- Lifestyle Changes and Unhealthy Habits: Sedentary lifestyles, poor dietary habits, and other risk factors contribute to the rise of cardiovascular diseases, prompting a higher demand for CABG surgeries to address severe cases.
Restraints of Coronary Artery Bypass Graft (CABG) Market:
- Alternative Treatment Options: With advancements in medical therapies and interventional cardiology procedures like stent placement, some patients may opt for less invasive alternatives to CABG. This could limit the growth of the CABG market.
- High Cost of CABG Procedures: Coronary Artery Bypass Graft surgeries can be expensive, including hospitalization, surgical fees, and post-operative care. The high cost may deter some patients from choosing this option, particularly in regions with limited access to healthcare resources.
- Potential Risks and Complications: As with any surgical procedure, CABG carries risks and potential complications. Some patients may be reluctant to undergo surgery due to these risks, especially if they have other medical conditions that increase the surgical risks.
- Focus on Preventive Measures: Healthcare initiatives and awareness programs promoting preventive measures for cardiovascular diseases may help reduce the need for CABG surgeries in some cases, which could impact market growth.
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