Advancements in Cardiovascular Health: Global Coronary Artery Bypass Graft Market Shows Substantial Growth

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

LONDON, GREATER LONDON , UK, October 24, 2023 /EINPresswire.com/ -- Market Size and Projections:
The global coronary artery bypass graft market, currently valued at $10.46 billion in 2022, is expected to reach $11.45 billion in 2023, displaying a robust compound annual growth rate (CAGR) of 9.5%. Despite the geopolitical challenges posed by the Russia-Ukraine conflict, the market is projected to expand further, reaching $15.93 billion in 2027 at a CAGR of 8.6%.

Driving Factors:
The increasing prevalence of cardiovascular diseases is identified as a prominent factor driving the growth of the coronary artery bypass graft market. As the incidence of cardiovascular ailments rises globally, the demand for coronary artery bypass graft surgeries, a crucial intervention to reduce the risk of heart attacks, is also expected to surge.

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Key Players:
Key players in the market include MicroPort Scientific Corporation, CryoLife Inc., Johnson & Johnson Co, and others.

Coronary Artery Bypass Graft Market Trends:
Strategic collaborations are gaining traction within the coronary artery bypass graft market, with major companies forming partnerships to strengthen their competitive edge. Notably, Medtronic plc's collaboration with CathWorks and Etiometry's partnership with Terumo Cardiovascular exemplify the industry's collaborative efforts to enhance patient care and perioperative management.

Coronary Artery Bypass Graft Market Segments:
• By Procedure: Single Coronary Artery Bypass Graft (CABG) Surgery, Double Coronary Artery Bypass Graft (CABG) Surgery, Triple Coronary Artery Bypass Graft (CABG) Surgery, Quadruple Coronary Artery Bypass Graft (CABG) Surgery, Other Procedures
• By Method: Off-pump, On-pump
• By End-Use: Hospitals, Cardiology Clinics, Research Institutes, Other End-Users

Regional Insights:
While North America currently leads the coronary artery bypass graft market, the Asia-Pacific region is poised to exhibit the fastest growth during the forecast period.

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Coronary Artery Bypass Graft Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Coronary Artery Bypass Graft Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on coronary artery bypass graft market size, coronary artery bypass graft market drivers and trends, coronary artery bypass graft market major players, competitors' revenues, coronary artery bypass graft market positioning, and coronary artery bypass graft market growth across geographies. The coronary artery bypass graft market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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