Market Trends of Global Coronary Artery Bypass Grafting Industry
This section covers the major market trends shaping the Coronary Artery Bypass Grafting Market according to our research experts:
The Off-pump CABG Technology Segment is Expected to Hold the Largest Market Share in the Coronary Artery Bypass Grafting Market
An off-pump CABG is a CABG technology where the procedure is performed without the use of a heart-lung machine or cardiopulmonary bypass device, and the heart continues to provide blood to the rest of the body during the surgery. The off-pump CABG segment is anticipated to grow at the fastest CAGR during the forecast period. Factors such as rapid technological advancements with enhanced safety, and efficiency, minimized chances of bleeding during surgery, and possessed lesser risks of stroke and injuries to the cardiac muscle are expected to fuel the growth of the segment.
Due to the associated benefits of off-pump technology, the use of this technology is growing. According to the study published in the JAMA Surgery journal in February 2022, for 10-year death or revascularization end goals, there are various benefits of off-pump CABG; and the time to composite endpoint was shorter in the off-pump group than in the on-pump group. Thus, due to the benefits of the off-pump CABG over the other pump, the segment is expected to grow over the forecast period.
There is an increase in adoption of the off-pump technology for CABG procedures. For instance, according to an article published in the Journal of American Heart Association in March 2022, 14% of CABG surgeries carried out in the United States are done off-pump. Thus, the increasing adoption of the off-pump CABG technology in treating coronary heart diseases is expected to boost the segment's growth over the forecast period.
North America is Expected to Hold Major Market Share Over the Forecast Period
North America holds a major market share of the studied market, and it is expected to continue its stronghold throughout the forecast period. The major factors attributing to the growth are a steep rise in the global prevalence of multiple cardiovascular indications like coronary artery diseases, strokes, and atrial fibrillation due to the rise in lifestyle-related diseases such as diabetes and obesity necessitating the CABG procedures and thus, a rise in demand for surgical grafts and devices.
The available statistics show that there is a burden of coronary heart disease (CHD) in North America, especially in the United States. For instance, according to the July 2022 update by CDC, 20.1 million Americans aged 20 years and older were affected by CHD in 2020. Additionally, as per the same source, every year nearly about 805,000 Americans experience a heart attack. Thus, the increasing incidence of heart disease requires CABG procedures for patient survival. Thus, the growing prevalence of heart diseases and other cardiac disorders is expected to contribute to the studied market growth in the region.
Moreover, the demand for CABG is increasing due to a rise in awareness about the procedures among the target population. According to a research article published in the CRM Journal in August 2022, most of the patients with multivessel or left main coronary artery disease (CAD) adopt CABG as their preferred revascularization method. In addition, as per the same source, over 350,000 CABG procedures are carried out in the United States every year. Thus, the growing adoption of CABG surgeries in the United States is expected to support market growth.
Additionally, market players are concentrating more on the launch of cutting-edge products which is further fostering market expansion in the region. For instance, in September 2021, CardioPrecision Ltd launched its suite of CoreVista devices for use during CABG surgery. Therefore, owing to the factors stated above, the market studied is expected to witness growth in North America.
