Coronary Artery Bypass Graft Market Size, Share, Growth Report 2030

Coronary Artery Bypass Graft Market

Coronary Artery Bypass Graft Market By Type (Off-pump, Minimally Invasive Direct, and On-pump), By Procedure (Single CABG Surgery, Double CABG Surgery, and Triple CABG Surgery), By End User (Hospitals, Cardiology Centers, ASCs, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Healthcare Report Format : PDF Pages: 232 Report Code: ZMR-7488 Published Date: Aug-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 10.61 Billion USD 19.01 Billion 6.6% 2022

Coronary Artery Bypass Graft Market

Coronary Artery Bypass Graft Industry Prospective:

The global Coronary Artery Bypass Graft market size was worth around USD 10.61 billion in 2022 and is predicted to grow to around USD 19.01 billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.6% between 2023 and 2030. 

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Coronary Artery Bypass Graft Market: Overview

Coronary artery bypass graft (CABG) is a surgical procedure used to treat coronary artery disease (CAD), a condition where the blood vessels that supply oxygen-rich blood to the heart become blocked or narrowed. The coronary artery bypass graft (CABG) market has a significant impact on the healthcare industry and the economy as a whole. Technological advancements are playing an important role in the CABG industry. Innovations in minimally invasive procedures, robotic-assisted surgeries, and imaging technologies have supported the market development. Such developments have improved patient recovery time and increased the success rate of CABG procedures. On the flip side, CABG procedures are complex and often require specialized equipment, skilled healthcare professionals, and post-operative care.

Key Insights

  • As per the analysis shared by our research analyst, the global Coronary Artery Bypass Graft market is estimated to grow annually at a CAGR of around 6.6% over the forecast period (2023-2030).
  • In terms of revenue, the global coronary artery bypass graft market size was valued at around USD 10.61 billion in 2022 and is projected to reach USD 19.01 billion , by 2030.
  • CABG procedures can significantly improve patients' quality of life by relieving symptoms and preventing cardiac events. CABG procedures are often sought after by patients globally, leading to the emergence of medical tourism.
  • Based on the type, the Off-pump segment is expected to account for a significant share of the market during the forecast period.
  • Based on the end user, the ASCs segment is expected to grow with the fastest growth rate over the forecast period. Rising demand for minimally invasive surgeries, coupled with advancements in technologies in surgical devices and equipment will support the segment growth.
  • Based on region, North America is expected to dominate the market during the forecast period. Growing product demand, increasing investment in healthcare infrastructure, and the growing number of key players support regional growth.

Coronary Artery Bypass Graft Market: Growth Drivers

Increasing prevalence of cardiovascular diseases

One of the major drivers of the CABG market is the rising prevalence of cardiovascular diseases, specifically coronary artery disease (CAD). CAD is a leading cause of death globally. It affects millions of people worldwide and is responsible for a significant burden on healthcare systems. As per the WHO, an estimated 18 million people die each year from CVDs, accounting for 31% of all global deaths. Regions such as North America and Europe have had higher rates of CAD due to factors such as an unhealthy diet, sedentary lifestyle, high prevalence of obesity, and smoking. In addition, incidence has been on the rise in many Asian countries, including China and India Owing to growing urbanization and the adoption of a westernized lifestyle. CAD is a leading cause of mortality and morbidity worldwide, and CABG is a widely used surgical procedure for treating severe cases. As the incidence of CAD continues to rise, the demand for CABG procedures is expected to increase, augmenting the global coronary artery bypass graft market growth.

Coronary Artery Bypass Graft Market: Restraints

Growing burden of surgical risks

CABG is an invasive surgical procedure that involves opening the chest and temporarily stopping the heart. As with any surgery, it carries inherent risks such as bleeding, infection, adverse reactions to anesthesia, and complications related to the use of cardiopulmonary bypass. These risks are more significant in patients with comorbidities or advanced age. Furthermore, CABG requires specialized cardiac surgical teams and advanced healthcare facilities with the necessary infrastructure and equipment which would, in turn, further hamper the overall coronary artery bypass graft market development to some extent.

Coronary Artery Bypass Graft Market: Opportunities

Advancement in new technologies coupled with rising investments by key players

Technological advancements in surgical techniques are offering ample opportunity to the players in the coronary artery bypass graft industry. One recent advancement in coronary artery bypass graft (CABG) procedures is the utilization of minimally invasive techniques. Due to advancements, it is noted that there has been significant improvement in the safety and efficacy of CABG procedures. Minimally invasive techniques, robot-assisted surgeries, advanced graft materials, and imaging modalities aid in better patient outcomes, reduced hospital stays, and faster recovery times. These advancements create opportunities for healthcare providers to offer state-of-the-art CABG procedures and attract patients seeking advanced treatment options.

Coronary Artery Bypass Graft Market: Segmentation

The global Coronary Artery Bypass Graft market is segmented based on type, procedure, end-user, and region

Based on the type, the global market is bifurcated into Off-pump, Minimally Invasive Direct, and On-pump. Among these, the off-pump segment accounted for the majority share of the overall market in 2022 and accounted for a share of over 50% of the total revenue. Associated benefits such as shorter hospital stays, smaller incisions, and faster recovery have supported the segment growth to a great extent.

Depending on procedure, the global coronary artery bypass graft industry is categorized into Single CABG Surgery, Double CABG Surgery, and Triple CABG Surgery. Of which, the single CABG surgery category recorded the lion’s revenue share of more than 30%, expanding at a CAGR of over 9% during the study period. It is noted that CABG treatment is highly dependent on one or more cardiac arteries that are blocked. On the flip side, the Triple CABG Surgery segment is projected to grow at the fastest growth rate during the study period.

In terms of end-user, the market is segregated into hospitals, cardiology centers, ASCs, and others. Of these, the hospital segment accounted for the highest revenue share during the year 2022

Recent Developments:

  • Recently in August 2022, Medtronic announced the completion of its acquisition of Affera, Inc. Affera company is a medical technology company dedicated to delivering unrivaled innovative solutions to address the rapidly growing cardiac arrhythmia market. This collaboration is aimed at increasing the cardiovascular product portfolio of the company.
  • Grand Pharmaceutical Group of China announced its investment of EUR 15 million in Xeltis in August 2022. Headquarters in the Netherlands, this company is a renowned medical device firm. Grand Pharmaceutical has created a polymer-based restorative device for cardiovascular treatment.

Coronary Artery Bypass Graft Market: Report Scope

Report Attributes Report Details
Report Name Coronary Artery Bypass Graft Market
Market Size in 2022 USD 10.61 Billion
Market Forecast in 2030 USD 19.01 Billion
Growth Rate CAGR of 6.6%
Number of Pages 232
Key Companies Covered Medtronic, Edwards Lifesciences, Terumo Corporation, Guidant Group, Vitalitec International Inc., MAQUET Holding B.V., Novadaq Technologies Inc., KARL STORZ GmbH & Co. KG, Genesee Biomedical Inc., Sorin Group, and others.
Segments Covered By Type, By Procedure, By End User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Coronary Artery Bypass Graft Market: Regional Analysis

North America is expected to dominate the market during the forecast period

The global Coronary Artery Bypass Graft market share is dominated by North America. The North American market is projected to experience a steady CAGR over the years. The North American CABG market is competitive, with various medical device companies and healthcare providers offering CABG procedures and related products. Prominent companies in the market include Medtronic, Edwards Lifesciences, Abbott Laboratories, Terumo Corporation, and LivaNova, among others.

On the other side, advancements in surgical techniques and imaging technologies have improved the safety & efficacy of CABG procedures which would, in turn, act as an important driving factor for the Asia Pacific market growth.

Coronary Artery Bypass Graft Market: Competitive Analysis

The global Coronary Artery Bypass Graft market is dominated by players like:

  • Medtronic
  • Edwards Lifesciences
  • Terumo Corporation
  • Guidant Group
  • Vitalitec International Inc.
  • MAQUET Holding B.V.
  • Novadaq Technologies Inc.
  • KARL STORZ GmbH & Co. KG
  • Genesee Biomedical Inc.
  • Sorin Group

The worldwide market is competitive due to the presence of a number of local as well as international manufacturers. The Coronary Artery Bypass Graft market players are focusing on various strategic initiatives, such as geographical expansions, new product launches, mergers & acquisitions, and strategic partnerships.

The global Coronary Artery Bypass Graft market is segmented as follows:

By Type

  • Off-pump
  • On-pump
  • Minimally Invasive Direct

By Procedure

  • Single CABG Surgery
  • Double CABG Surgery
  • Triple CABG Surgery

By End User

  • Hospitals
  • Cardiology Centers
  • ASCs
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Coronary artery bypass graft (CABG) is a surgical procedure used to treat coronary artery disease (CAD), a condition where the blood vessels that supply oxygen-rich blood to the heart become blocked or narrowed.

The Coronary Artery Bypass Graft industry will grow as a result of the technology advancements. Innovations in minimally invasive procedures, robotic-assisted surgeries, and imaging technologies have supported the market development. In addition, one of the important drivers of the CABG market is the rising prevalence of cardiovascular diseases, specifically coronary artery disease (CAD). CAD is a leading cause of death globally.

According to the report, the global Coronary Artery Bypass Graft market size was worth around USD 10.61 billion in 2022 and is predicted to grow to around USD 19.01 billion  by 2030

According to the report, the global Coronary Artery Bypass Graft market is anticipated to grow with a compound annual growth rate (CAGR) of roughly 6.6% between 2023 and 2030

The global Coronary Artery Bypass Graft market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the increasing product demand and rising research activities.

The global Coronary Artery Bypass Graft market is dominated by players like Medtronic, Edwards Lifesciences, Terumo Corporation, Guidant Group, Vitalitec International, Inc., MAQUET Holding B.V., Novadaq Technologies Inc., KARL STORZ GmbH & Co. KG, Genesee Biomedical Inc., Sorin Group, among others.

The report analyzes the global Coronary Artery Bypass Graft market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Coronary Artery Bypass Graft industry.

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