Coronary Artery Bypass Graft Market Is Projected To Witness Growth Based On Increasing In Prevalence Of Cardiovascular Diseases Till 2025:Grand View Research,inc.
The global coronary artery 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.
Browse full research report on Coronary Artery Bypass
Graft Market: http://www.grandviewresearch.com/industry-analysis/coronary-artery-bypass-graft-cabg-market
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
Browse more reports of this category by Grand View
Research: http://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
- Radial
Artery
- 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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
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.
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