Coronary Artery Bypass Grafting Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Coronary Artery Bypass Grafting Market Analysis

The coronary artery bypass grafting (CABG) Market is poised to grow at a CAGR of 7.8% during the forecast period.

The Covid-19 pandemic impacted the studied market significantly. The pandemic impacted the demand for medical equipment in numerous ways. Due to the fear of COVID-19 infection, the number of CABG procedures decreased, and there was a drop in coronary artery bypass operations during the initial phases of the pandemic. This had an adverse impact on the market studied. However, during the later phases of the pandemic, coronary artery disease became the high-risk comorbidity of COVID-19. For instance, according to an article published in the Egyptian Heart Journal in September 2022, when a study was conducted among a limited target population of ages between 53 and 68 years between April 2020 to April 2022, 54.55% of the studied population had a recent acute coronary syndrome (ACS) and 90.91% of the studied population underwent CABG during the period. Thus, such instances show that the demand for CABG among the target population increased during the later phases of the pandemic. This further fueled the studied market, and the market is anticipated to continue its strong hold over the forecast period.

The major factors driving the growth of the market are the global prevalence of various coronary heart diseases, favorable reimbursement initiatives, and the rise in the geriatric population. For instance, according to CDC data published in April 2022, every year nearly more than 795,000 people get affected by stroke in the United States. About 185,000 of these strokes or roughly 1 in 4 occur in persons who have already had a stroke, and approximately 610,000 of them are first or recurrent strokes. The rising occurrence of strokes has resulted in increased demand for coronary artery bypass surgery for efficient treatments, thus it is expected to propel market expansion over the forecast period.

Favorable reimbursement regulations for CABG in various countries across the globe are anticipated to drive market expansion throughout the forecast period. According to a study published in IJHPR in September 2021, a surgery involving only CABG will be reimbursed like surgery requiring CABG and replacement of two valves. As a result, all CABG surgeries are reimbursed similarly to heart valve replacement surgery. Thus, the availability of proper reimbursement for CABG procedures is likely to encourage the market’s growth.

Therefore, factors such as a rise in coronary artery diseases and the availability of better reimbursement options are predicted to contribute to the market growth over the analysis period. However, the adoption of minimally invasive procedures like percutaneous coronary interventions may restrain the market growth over the forecast period.

Coronary Artery Bypass Grafting Market Trends

This section covers the major market trends shaping the Coronary Artery Bypass Grafting Market according to our research experts:

The Off-pump CABG Technology Segment is Expected to Hold the Largest Market Share in the Coronary Artery Bypass Grafting Market

Coronary Artery Bypass Grafting Industry Segmentation

As per the scope of the report, coronary artery bypass grafting (CABG) is a surgical treatment for patients with coronary artery disease (CAD) in which an alternate passage is created for blood to flow to the heart. It is common for three or four coronary arteries to be bypassed during surgery. The Coronary Artery Bypass Grafting Market is Segmented by Technology (Off-pump CABG, On-pump CABG, and Others), Products and Services (Grafts, Retractors, Services, and Others), End Users (Hospitals, Cardiology Clinics, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.