San Francisco, 03 January, Coronary Artery
Bypass Graft (CABG) Market Analysis By Type (Saphenous Vein Grafts, Internal
Thoracic Artery Grafts), By Surgical Procedures, By Technology (On-Pump CABG,
Off-Pump CABG), And Segment Forecasts, 2018 – 2025
The global coronaryartery bypass graft (CABG) market is expected to reach USD 127.6 million by 2025,
according to a new report by Grand View Research, Inc. The market is expected
to witness lucrative growth over the forecast period, owing to increasing
prevalence of Cardiovascular Diseases (CVDs) such as Coronary Artery Disease
(CAD) or Coronary Heart Disease (CHD) coupled with rising geriatric population
across the globe.
Favorable reimbursement
policies, such as the U.S. Medicare (federal health insurance program) system,
Medicaid, and National Health Insurance (NHI) have been a prime growth factor
for the CABG market. Medical device companies provide new product platforms,
which are covered under reimbursement programs that benefit the patients.
Reimbursement services provided by Medicare and other insurers to physicians
and hospitals is expected to fuel the demand for the adoption of CABG devices
such as catheters, cannulae, retractors, positioners & stabilizers, suction
devices, and syringes during the forecast period.
Access Full Research
Report On Coronary Artery Bypass Graft (CABG)
Market Analysis:
Further Key Findings from the Study Suggest:
·
The saphenous vein grafts
segment held a profitable revenue share in 2016 and is anticipated to grow at a
significant rate over the forecast period
·
The off-pump CABG segment is
anticipated to witness the fastest growth over the forecast period owing to the
benefits offered by this technology such as increased safety, effective,
reduced chances of bleeding during the surgery, low chances of stroke, low need
for blood transfusions, low injury to the heart muscle, and improved quality of
life
·
The endoscopic vein harvesting
segment is expected to gain the market share over the forecast period as it
eliminates the requirement for long incisions associated with open
(conventional) harvesting, resulting in reducing the risk of wound infection
and other complications, minimizing postoperative pain, and increasing the
patient satisfaction level
·
North America is expected to
dominate the CABG market during the forecast period, owing to the rising
prevalence of CVDs in the U.S. and Canada. In addition, increasing per capita
healthcare spending and growing population in the region are expected to spur
the growth of this vertical.
·
Some of the key players of this
market are Medtronic; TERUMO CORPORATION; Guidant Group; MAQUET Holding B.V.
& Co.KG; Vitalitec International, Inc.; Novadaq Technologies Inc.; KARL
STORZ GmbH & Co. KG; Edwards Lifesciences; Genesee Biomedical Inc.; and
Sorin Group
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Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global CABG market on the basis of type, surgical procedure, technology,
technique, and region:
CABG Market: Type Outlook
(Revenue, USD Million, 2014 - 2025)
·
Saphenous Vein Grafts
·
Internal Thoracic Artery Grafts
·
Other
o
Radial Artery
o
Gastroepiploic Artery
CABG Market: Procedure Outlook
(Revenue, USD Million, 2014 - 2025)
·
Single CABG Surgery
·
Double CABG Surgery
·
Triple CABG Surgery
·
Quadruple CABG Surgery
CABG Market: Technology Outlook
(Revenue, USD Million, 2014 - 2025)
·
On-Pump CABG
·
Off-Pump CABG
CABG Market: Technique Outlook
(Revenue, USD Million, 2014 - 2025)
·
Conventional Vessel Harvesting
·
Endoscopic Vessel Harvesting
CABG Market: Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
