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Global Coronary Artery Bypass Grafts (CABG) Market 2017-2021

  • Published: Nov 2017
  • Pages: 93
  • SKU: IRTNTR15555
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This market research study identifies Abbott, MAQUET, Medtronic, and Terumo Medical as the leading players in the global coronary artery bypass grafts (CABG) market. A comprehensive analysis of this market is also presented by application (internal thoracic artery grafts, saphenous vein grafts, and other grafts), by product (off-pump CABG, on-pump CABG, and MI direct CABG), by end-users (hospitals and ambulatory surgical centers), and by geography (the Americas, APAC, and EMEA).

Coronary artery bypass grafts (CABG) market size

Technavio’s market research report identifies the availability of favorable reimbursement policies for medical devices as one of the primary growth drivers for the global coronary artery bypass graft (CABG) market till 2021. The sales volume of CABG is increasing due to the change in these reimbursement policies. Many countries such as Thailand, India, China, and Singapore in the APAC region are heavily spending on public healthcare. This, in turn, will boost the number of CABG procedures.

CABG market growth

Reimbursement for CABG procedures such as cardiac valve and other major cardiothoracic procedures with cardiac catheterization and comorbidity (MCC) are provided by the insurance regulatory firms. Similarly, reimbursement for CABG procedures such as cardiac valve and other major cardiothoracic procedure without cardiac catheterization, without CC/MCC is also available. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 6% by 2021.

CABG market share based on geography

The coronary artery bypass graft (CABG) market is experiencing considerable growth in the Americas due to the increasing prevalence of diseases such as coronary artery disease (CAD), cardiovascular diseases (CVD), stroke, and peripheral artery disease (PAD). Furthermore, the improved medical infrastructure such as hospitals, ASCs, and labs in many developed countries such as the US and Canada is driving the number of CABG procedures. Furthermore, the rising focus on the introduction of technologically advanced products will further drive the market’s growth.

CABG market worth: Competitive landscape and key vendors

The coronary artery bypass graft (CABG) market is concentrated. The vendors in the market are increasingly competing against each other based on factors such as the pricing, product differentiation, and distribution partnerships. Furthermore, large vendors of the coronary artery bypass graft market are focusing on increasing their global footprint and the adoption of strategic acquisitions or partnerships. 

Key vendors in the CABG market

  • Abbott
  • MAQUET
  • Medtronic
  • Terumo Medical

CABG market segmentation by product

  • Off-pump CABG
  • On-pump CABG
  • MI direct CABG

The preference for off-pump CABG surgery to treat CHD is increasing because it helps in the avoidance of complications that are associated with cardiopulmonary bypass operation or procedure, during a cardiac bypass surgery. The coronary artery bypass graft market will continue to witness growth in the off-pump CABG segment because it reduces the side effects and helps to restore the flow of blood to the heart.

CABG market segmentation by end-users

  • Hospitals
  • Ambulatory surgical centers (ASCs)

A large number of patients highly prefer hospitals over other healthcare centers because hospitals extensively perform complex procedures such as CABG, which involves the placement of a graft inside the body.  Patients who undergo such procedures in hospitals are highly satisfied because they are discharged early after they undergo procedures such as the percutaneous coronary intervention (PCI) procedure. The coronary artery bypass graft market will continue to grow in this segment due to the rising number of PCI procedures.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global coronary artery bypass grafts (CABG) market?
  • What are the key market trends impacting the growth of the global coronary artery bypass grafts (CABG) market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global coronary artery bypass grafts (CABG) market?
  • What are the market opportunities and threats faced by the vendors in the global coronary artery bypass grafts (CABG) market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global coronary artery bypass grafts (CABG) market?

Technavio also offers customization on reports based on specific client requirement.

 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Segmentation by application

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Segmentation by product
  • Comparison by product
  • Global off-pump CABG market
  • Global on-pump CABG market
  • Global MI direct CABG market 
  • Market opportunity by product

PART 08: MARKET SEGMENTATION BY END-USERS

  • Segmentation by end-users

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • CABG market in Americas
  • CABG market in EMEA
  • CABG market in APAC
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Rise in medical tourism
  • Growing number of cath labs
  • Increased consolidation by vendors

PART 13: VENDOR LANDSCAPE

  • Competitive scenario
  • Other prominent vendors

PART 14: VENDOR ANALYSIS

  • Vendor overview
  • Abbott
  • MAQUET
  • Medtronic
  • Terumo Medical

PART 15: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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