Coronary Artery Bypass Graft Market To Reach $24.06 Billion By 2030

Coronary Artery Bypass Graft Market Growth & Trends

The global coronary artery bypass graft market size is expected to reach USD 24.06 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030, based on a new report by Grand View Research, Inc. The primary factor driving the industry is an increase in the prevalence of hypertension and cases of myocardial infarction. The American Heart Association estimated that in 2020, Coronary Heart Disease (CHD) was the leading cause of death in the U.S. In addition, the rising technological advancements have led to the development of endoscopic bypass surgery that offers various benefits compared to traditional bypass surgery. Such kind of advancements are contributing to the market growth. Furthermore, the rising geriatric population is influencing market growth.

The aged population is more prone to coronary artery blockages, and studies show that the average age of people undergoing Coronary Artery Bypass Graft (CABG) procedures is approximately older than 66 years. The COVID-19 pandemic had a negative impact on many industries and the CABG market was also highly affected. A study published by the University of Alabama at Birmingham shows an approximately 36% decline in patients undergoing bypass surgery. Many routine procedures were limited due to a workforce shortage. In addition, the supply of raw materials for the devices was limited in the initial phase of COVID-19. Thus, the above-mentioned factors lowered the manufacturing and production of devices.

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Coronary Artery Bypass Graft Market Report Highlights

• The off-pump segment accounted for the largest revenue share of over 53.6% in 2023

• In 2023, North America dominated the global market and accounted for a revenue share of 47.5%. This growth can be attributed to a rise in cardiovascular cases across the region

• By methods, the off-pump segment dominated the market and accounted for a revenue share of 53.6% in 2023. This growth can be attributed to various benefits associated with the product, such as small incisions, faster recovery, and shorter hospital stay

• The single CABG surgery procedure segment dominated the industry and accounted for a revenue share of 32.9% in 2023. The segment also expected to grow at the fastest CAGR over the forecast period

• The hospital end-use segment dominated the market and accounted for a revenue share of 52.6% in 2023

Coronary Artery Bypass Graft Market Segmentation

Grand View Research has segmented the global coronary artery bypass graft market report on the basis of method, surgical procedure, end-use and region

Coronary Artery Bypass Graft Method (Revenue in USD Million, 2018 - 2030)

• Off-pump

• On-pump

• Minimally Invasive Direct 

Coronary Artery Bypass Graft Surgical Procedure (Revenue in USD Million, 2018 - 2030)

• Single CABG Surgery

• Double CABG Surgery

• Triple CABG Surgery

• Quadruple CABG Surgery

Coronary Artery Bypass Graft End-use (Revenue in USD Million, 2018 - 2030)

• Hospitals

• Cardiology Centres

• Others

Coronary Artery Bypass Graft Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

• U.S.

• Canada

• Europe

• UK

• Germany

• France

• Italy

• Spain

• Denmark

• Sweden

• Norway

• Asia Pacific

• Japan

• China

• India

• South Korea

• Australia

• Thailand

• Latin America

• Brazil

• Mexico

• Argentina

• Middle East & Africa

• South Africa

• Saudi Arabia

• UAE

• Kuwait

List of Key Players of Coronary Artery Bypass Graft Market

• Medtronic, plc

• Terumo Corporation

• Guidant Group

• MAQUET Holding B.V. & Co.KG

• Novadaq Technologies Inc.

• KARL STORZ GmbH & Co. KG

• Edwards Lifesciences Corporation

• Genesee Biomedical Inc.

• Sorin Group