Coronary Artery Bypass Graft Procedures Market to grow at CAGR 2%, market value to reach USD 20,000 million by 2026
Acumen Research and Consulting
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Coronary Artery Bypass Graft Procedures Market size is all set to rise at CAGR 2% during forecast period to reach market value USD 20,000 million by 2026, as per market research firm Acumen Research and Consulting. Global coronary artery bypass graft market is being driven by an increase in the growth of endoscopic surgery, an increasing incidence of cardiovascular disease, demographic altercations, an increase in complications like stress and obesity thanks to sedentary lifestyles, an ageing population as well as rising?medical tourism. The rising popularity for SVG or Saphenous Vein Grafts as compared to?other vein grafts, given the benefits such as longer length, convenience of handling, and less transfusion requirement has fueled the rise of the coronary artery bypass grafts market. Coronary artery bypass graft surgery is undertaken to remove blood flow obstructions. By grafting a vein or blood vessel from the thigh, the operation creates a bypass for blood flow.?The coronary arteries condition is reduction of blood supply in coronary artery which is triggered by accumulation of fat materials within artery walls. Accumulation of fat creates blockages within arteries, which limits supply of the blood rich with oxygen to heart. Traditionally open heart procedure is performed and preferred in many cases, blocked coronary arteries has been bypassed using less aggressive method.?
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Dynamics of Coronary Artery Bypass Graft Market?
Worldwide market of bypass graft is propelled by the rising incidence of the cardio vascular diseases with increasing need for repeated revascularization due to ageing population. Development of market for the coronary arteries bypass graft product has been anticipated for driving development of the endoscopic vessels harvesting system as well as the anastomosis support system. However, increasing the health budget, the poor health reimbursement along with the payment model, and market leaders consolidating, constitutes significant obstacles within the market development. Demand for the Coronary Artery Bypass or CABG intervention gets encouraged by the factors like increase in incidences of many cardiovascular disorders like myocardial infarction, CHD and strokes. Along with the increase in demand for less invasive surgeries. Moreover, the technological progresses and increasing preferences for the inner chest’s thoracic arteries grafts against the saphenous vein grafts is expected to boost CABG procedure industry. Additionally, the increase in health care expense will boost financial burdens for the non insured patient, given the prices for CABG surgery has been low in many developing countries.?
Global Coronary Artery Bypass Graft Procedures Market Regional overview:?
North America, which has income of more than USD 11,000 million is expected to grow at CAGR 2.1% during forecast period. The primary reason for the region’s higher market share is easier access to the grafts along with higher health care per capita spendings. As well as the presence of target population, sedentary lifestyle of the people in US and Canada. Not to forget the increased heart related deaths.?In US, the coronary heart diseases account for more than 13 % of deaths, which is around 363K people in 2016 alone. On the basis of these estimates which were released by AHA. The market growth has been expected to in favor of reinforcement by CABG repayment policy along with related process and the federal project to promote the cardiovascular disease. Closely following markets are Europe and Asia Pacific, Europe has a high income but aged population and Asia Pacific has been the fastest growing market in terms of healthcare since the past few years.?
Coronary Artery Bypass Grafts Procedures Market?Key players
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