Coronary Artery Bypass Graft (CABG) - Global Market Outlook (2016-2022)

NEW YORK, May 4, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Coronary Artery Bypass Graft (CABG) market is accounted for $76.4 million in 2016 and is expected to reach $119.27 million by 2022 growing at a CAGR of 7.7% from 2016 to 2022.

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Factors such as widespread occurrence of coronary heart diseases, favorable reimbursement policies and technologically advanced products are driving the market growth. However, expensive healthcare budgets and payment structure are barriers for the market growth. In addition, the major challenge to the market is availability of minimally invasive alternative options such as percutaneous coronary interventions.

The off-pump CABG device is projected to be the fastest growing segment during the forecast period as it is a relatively new technology such as emergence of Totally Endoscopic Robotically Assisted Coronary Artery Bypass (TECAB). The endoscopic vein harvesting technique segment is anticipated to grow fast during the forecast period owing to reduce long incisions and reducing the risk of infection and complications. However, the conventional vessel harvesting technique segment will dominate the market due to its higher utilization in coronary artery bypass graft procedures. The Triple CABG Surgeries segment is expected to dominate the Coronary Surgical Procedure market owing to the rising prevalence of coronary heart disease and strokes.

North America is the leading Market for Coronary Artery Bypass Graft (CABG) followed by Europe owing to large patient population pool, changing lifestyle and increasing minimally invasive coronary artery bypass grafts surgeries. Asia Pacific region is expected to grow at fastest rate because of increasing medical tourism industry.

Some of the key players in global Coronary Artery Bypass Graft (CABG) market are Abbott Laboratories, Boston Scientific, Cardiac Assist, Edwards Lifesciences, Genesee Biomedical Inc, Hancock Jaffe Laboratories, Inc, HeartWare Inc., KARL STORZ GmbH & Co. KG,MAQUET Holding B.V. & Co.KG ,Medtronic, Novadaq Technologies Inc, St. Jude Medical, Teleflex Medical, Terumo Cardiovascular Systems Corporation and Vitalitec International, Inc.

Products Covered:
- On-Pump Coronary Artery Bypass Devices
- Off-Pump Coronary Artery Bypass Devices
- Anastomosis Assist Devices
- Endoscopic Vessel Harvesting Devices
- Trans Myocardial Revascularization Devices

Types Covered:
- Internal Thoracic Artery Grafts
- Saphenous Vein Grafts
- Other Grafts
o Gastroepiploic Artery
o Radial Artery

Surgical Procedures Covered:
- Single CABG Surgeries
- Double CABG Surgeries
- Triple CABG Surgeries
- Quadrupole CABG surgeries

Techniques Covered:
- Open Vessel Harvesting (OVH)/Conventional Vessel Harvesting
- Endoscopic Vessel Harvesting

End Users Covered:
- Cardiology Clinics
- Hospitals
- Research Institutes
- Other End Users

Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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