Coronary Artery Bypass Graft Devices Market was valued at USD 9.25 Billion in 2022 and is projected to reach USD 12.30 Billion by 2030, growing at a CAGR of 4.03% from 2024 to 2030.
The global coronary artery bypass graft (CABG) devices market is witnessing steady growth, driven by the increasing prevalence of cardiovascular diseases and the rising demand for minimally invasive surgical procedures. The market is expanding due to the growing geriatric population, which is more susceptible to coronary artery diseases, along with advancements in surgical techniques and medical technologies. Innovations in grafting materials, such as bioengineered grafts and drug-eluting grafts, are further contributing to market expansion. Additionally, the increasing awareness regarding early diagnosis and treatment of cardiovascular diseases has led to a surge in surgical interventions, fueling the demand for CABG devices. The market is also benefiting from improvements in healthcare infrastructure and rising investments in cardiac care across various regions. North America holds a significant share of the market due to advanced healthcare systems and high adoption rates of innovative cardiac procedures, while emerging economies present lucrative growth opportunities.
The market is characterized by a shift towards minimally invasive CABG procedures, reducing hospital stays and improving patient recovery time. The integration of robotics and artificial intelligence in surgical procedures is enhancing precision and outcomes, further driving market growth. Additionally, hybrid revascularization techniques combining CABG with percutaneous coronary interventions are gaining traction, offering patients more effective treatment options. The increasing adoption of arterial grafts over traditional venous grafts due to better long-term patency rates is another key trend influencing market dynamics. However, high procedural costs and the requirement for skilled professionals pose challenges to market expansion. Despite these hurdles, continuous research and development efforts in grafting techniques and biocompatible materials are expected to create new opportunities for market players. With the increasing burden of coronary artery diseases worldwide, the demand for CABG devices is set to rise, fostering innovation and technological advancements in the field.
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Heratport
Medtronic
Guidant
Terumo
Maquet
Sorin
St. Jude Medicals
Edward Life Sciences
Boston Scientific
Thoratec
Articure
Teleflex Medicals
Biosense Webster
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Coronary Artery Bypass Graft Devices Market
Stented Coronary Arterypass Graft
Non-stented Coronary Arterypass Graft
Biologic Coronary Arterypass Graft
Drug-eluting Coronary Arterypass Graft
Polymer-based Devices
Metal-based Devices
Bioresorbable Materials
Composite Materials
Coronary Artery Disease
Congenital Heart Disease
Valvular Heart Disease
Other Cardiac Conditions
Hospitals
Cardiac Surgery Clinics
Ambulatory Surgical Centers
Research and Academic Institutions
Elective Surgery
Emergency Surgery
Minimally Invasive Surgery
Open Heart Surgery
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Coronary Artery Bypass Graft Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Coronary Artery Bypass Graft Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Coronary Artery Bypass Graft Devices Market, By Type
6. Gloabl Coronary Artery Bypass Graft Devices Market, By Application
7. Gloabl Coronary Artery Bypass Graft Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Coronary Artery Bypass Graft Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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