This Coronary Artery Bypass Graft Devices market analysis gives an examination of a range of segments that are relied upon to witness the quickest development amid the estimate forecast frame. The company profiles of all the key players and brands that are dominating the Coronary Artery Bypass Graft Devices market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are mentioned in the report. A complete discussion about numerous market related topics in this Coronary Artery Bypass Graft Devices market research report is sure to aid the client in studying the market on competitive landscape.
The data and information collected with the research is generally quite a huge and is in a complex form. However, such intricate market insights are turned into simpler version with the help of proven tools and techniques to provide it to the end users. Estimations of CAGR values, market drivers and market restraints helps businesses decide upon several strategies. The use of proven tools such as SWOT analysis and Porter’s Five Forces analysis are very helpful in creating such a top-notch Coronary Artery Bypass Graft Devices market research report. With the use of few steps or the combination of several steps, the process of generating Coronary Artery Bypass Graft Devices market report is initiated with the expert advice.
Data Bridge Market Research analyses that the coronary artery bypass graft devices market which was USD 13670. 50 million in 2021, would rocket up to USD 21299.45 million by 2029, and is expected to undergo a CAGR of 5.70% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Coronary artery bypass graft surgery (CABG) is a procedure used to treat coronary artery disease. Coronary artery disease (CAD) is the narrowing of the coronary arteries, which are the blood vessels that supply oxygen and nutrients to the heart muscle. A buildup of fatty material within the artery walls causes CAD.
Key Growth Drivers:
- Growing number of geriatric population
As the population ages, more elderly patients are being referred for coronary artery bypass grafting (CABG) for cardiovascular diseases. Octogenarians, as the fastest growing demographic and with the highest prevalence of coronary artery disease, are increasingly being referred to cardiothoracic surgeons for surgical revascularization. Similarly, in Germany, from 1989 to 2000, the proportion of patients aged 70 who underwent cardiac surgery increased from 11.2 to 36.7%. One of the concerns about operating on elderly patients is the fear of poor surgical outcomes. There is concern that patients in their advanced years will not recover as well or will have fragile tissue. These all are the certain factors which will propel the growth of the market.
- Surging volume of patients suffering from cardiovascular diseases
CVDs, which can be caused by poor lifestyle, stress or eating fast food are among the leading causes of death worldwide. According to the World Health Organization, cardiovascular diseases are the leading cause of death. Cardiovascular disease was responsible for 31.0% of all deaths worldwide (CVD). In 2012, they were responsible for approximately 17.5 million deaths. Around 6.4 million people died from strokes, and 7.4 million of the 17.5 million deaths could be attributed to heart disease. The death toll is expected to be around 23.6 million by 2032. These are the certain factors of CVDs which propel the growth of the market.
The report outlines the involvement of key players, including:
Terumo Cardiovascular Systems Corporation (U.S.), Genesee BioMedical (U.S.), Edwards Lifesciences Corporation. (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), AtriCure, Inc. (U.S.), Transonic. (U.S.), KARL STORZ (Germany), Cigna. (U.S.), Teleflex Incorporated. (U.S.), Saphena Medical, Inc. (U.S.)
Key Market Segmentation
Surgery Type (Off-Pump, On-Pump, Minimally Invasive Direct CABG, Others), Device Type (Tissue Stabilizer, Heart Positioner, Refractor, Cardiopulmonary Bypass Machines, Endoscopic Vessel Harvesting System, Others), Type (Saphenous Vein Grafts, Internal Thoracic Artery Grafts, Radial Artery, Gastroepiploic Artery, Other Arterial Grafts), Procedure (Single CABG Surgery, Double CABG Surgery, Triple CABG Surgery, Quadruple CABG Surgery, Others), End User (Hospitals, Cardiology Clinics, Research Institutes, Others)
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