Coronary artery bypass grafting (CABG) surgery is a surgical procedure that creates pathways around blocked coronary arteries and improves blood flow to the heart. It is done to reduce angina symptoms and to improve survival rates in patients with significant coronary artery diseases. The procedure uses blood vessels harvested from other parts of the body such as the chest, leg, or arms to bypass and reroute the blocked segments in the arteries supplying blood to the heart. CABG surgery has shown to be effective in patients with multiple blocked arteries or left main coronary artery disease.
The global Coronary Artery Bypass Grafting Market is estimated to be valued at USD 14.02 Bn in 2024 and is expected to exhibit a CAGR of 9.3% over the forecast period 2024 to 2031.
The increasing geriatric population remains vulnerable to cardiovascular diseases which has resulted in the Coronary Artery Bypass Grafting Market Demand worldwide. As per WHO, cardiovascular disease is the number one cause of death globally, taking an estimated 17.9 million lives each year. The rising cases of obesity, diabetes, and lack of physical activities have amplified the risk of heart diseases among many populations.The procedure offers long term patency and survival benefits over percutaneous coronary intervention (PCI) in patients with multiple vessel disease.
Key Takeaways
- Key players operating in the coronary artery bypass grafting market are Medtronic, MAQUET Holding B.V. & Co. KG., LivaNova PLC, KARL STORZ GmbH & Co. KG among others
- The geriatric population facing higher risks of cardiovascular diseases is driving the demand for CABG procedures globally
- Technological advancements in the field of endoscopic vessel harvesting, automated anastomoses devices, and less invasive CABG are fueling the market growth
Market Trends:
- Increase in Off-pump CABG Procedures: Off-pump CABG procedures do not require heart-lung machines and are associated with fewer complications. This trend has gained significant popularity in recent years.
- Robot-assisted CABG Procedures: Newer robotic platforms are allowing surgeons to perform complex grafts through small incisions with better visualization, flexibility, and control over instruments. This is expected to drive future market demand.
Market Opportunities:
- Emerging Markets: Developing nations in Asia Pacific and Latin America are expected to offer high growth opportunities owing to the rising awareness and healthcare spending in these regions.
- Arterial Conduits: The development of non-harvested arterial grafts using tissue engineering approaches can overcome donor site limitations and reduce leg wound complications associated with harvested vessels.
Impact of COVID-19 on Coronary Artery Bypass Grafting Market Growth
The COVID-19 pandemic has significantly impacted the growth of the coronary artery bypass grafting market. During the initial phases of the pandemic, elective surgeries such as CABG procedures were postponed or cancelled to avoid virus transmission and free up healthcare resources for COVID-19 patients. This led to a steep decline in the number of CABG surgeries performed globally. However, surgeons continued performing emergency CABG procedures for patients with acute coronary syndrome.
With the development and roll-out of vaccines, the deferral of elective surgeries is being rolled back gradually. While CABG surgery volume is recovering, it is still lower than the pre-pandemic levels as certain limitations and protocols continue. There is a backlog of patients who had postponed their procedures last year. This is expected to drive higher demand over the coming years as these patients get treated. However, the fear of contracting COVID-19 infection in hospitals continues to deter some patients from undergoing CABG surgery.
North America Region holds the Largest Share in Coronary Artery Bypass Grafting Market
The North America region accounts for the major share in the global coronary artery bypass grafting market in terms of value. This is attributed to factors such as the rising prevalence of coronary heart diseases, growing obese and geriatric population, and availability of advanced healthcare facilities with experienced cardiac surgeons in the region. According to the latest statistics, coronary artery disease is the leading cause of deaths in the United States. As a result, the demand for CABG procedures remains high.
Asia Pacific Region registers the Fastest Growth in Coronary Artery Bypass Grafting Market
The Asia Pacific region is poised to showcase the fastest growth in the coronary artery bypass grafting market over the forecast period owing to improving healthcare infrastructure, rising medical tourism, growing incidence of lifestyle diseases, and increasing focus of key players on emerging Asian countries. Additionally, the presence of a huge patient pool along with growing awareness about CABG is fueling the demand. Countries like India, China, and Japan are expected to majorly contribute to the Asia Pacific market's growth in the coming years.
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