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Coronary Artery Bypass Grafting Market

Coronary Artery Bypass Grafting Market is projected to achieve a value of USD 12,753 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 18,234 Million by 2033 with a CAGR of 6.1% during the forecast period 2023-2033.

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Coronary Artery Bypass Grafting Market

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  1. Coronary Artery Bypass Grafting Market Statistical Data, And Forecast Assessment Till 2033 Coronary Artery Bypass Grafting Market is projected to achieve a value of USD 12,753 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 18,234 Million by 2033 with a CAGR of 6.1% during the forecast period 2023-2033. CABG is a procedure used to treat diseases related to coronary artery. Coronary artery is carry essential nutrients and vitamins through the blood to the heart muscles. Coronary artery diseases related with the narrowing the artery due to saturation of fatty material on the inner wall of artery. Causes the barrier to supply of blood to the heart muscles. Coronary Artery Bypass Grafting surgery is surgery to improve and restore the supply of blood to the heart muscles. Positive reimbursement programs, the global prevalence of various coronary heart diseases, a lack of physical activity and unhealthy dietary habits, and continuous progress in surgical methods all contribute to propelling the growth of coronary artery bypass grafting market in forecasted period. For instance, as per research findings released in the International Journal of Health Policy and Management (IJHPR) in September 2021, a procedure involving just Coronary Artery Bypass Grafting (CABG) is compensated in a manner comparable to surgeries necessitating both CABG and the replacement of two heart valves. Consequently, all CABG procedures are reimbursed at a level similar to surgeries for heart valve replacement. Moreover, the coronary artery bypass grafting market is experiencing growth driven by a rising incidence of myocardial infarction and an expanding elderly populations. According to estimates from the National Library of Medicine, myocardial infarction affects approximately 3 million individuals worldwide. Furthermore, according to projections by the United Nations, the elderly population is anticipated to double, reaching 1.5 billion by 2050. This demographic, due to the accumulation of fat deposits within arterial walls over time, is more susceptible to cardiovascular diseases. Request Free Sample Copy of this Report@ https://wemarketresearch.com/reports/request- free-sample-pdf/coronary-artery-bypass-grafting-market/1347 Market Dynamics The growth of the worldwide market for coronary artery bypass graft devices can be attributed to the surge in cases of cardiovascular diseases, primarily linked to factors such as obesity, diabetes, and hypertension. For instance, Cardiovascular disease stands as a leading global cause of mortality, as reported by the WHO's 2021 factsheet. In 2019, nearly 17.9 million

  2. individuals lost their lives to this condition, with 75 percent of these deaths occurring in low- and middle-income countries. Furthermore, the technologically advanced Coronary Artery Bypass Grafting launched by various market players is also anticipated to enhance the growth the coronary artery bypass grafting market. For instance, according to a study published in January 2023 issue of the Journal of Thoracic and Cardiovascular Surgery, the application of a robotic platform is employed for conducting minimally invasive coronary artery bypass grafting (CABG). MICS CABG is an approach that employs smaller incisions and less invasive techniques for performing the surgery. This results in reduced hospital stays, less pain and quicker recovery periods. Moreover, despite the many growth acceptances some factors restrain the growth like CABG is a complex surgical intervention procedure with inherent risks of success and acceptance, along with involving a significant cost of procedure included hospitalization, surgical fees, and follow- up care limit the coronary artery bypass grafting market growth. Overall, with the help of existing and modern treatment therapy the CABG Market is expected to witness significant growth in the coming years, driven by the introduction of new therapies and an increasing demand for effective treatments. Secure A Copy Of The Premium Research Report@ https://wemarketresearch.com/purchase/coronary-artery-bypass-grafting- market/1347?license=single Key Players The Coronary Artery Bypass Grafting market is dominated by a few large companies, such as Dextera Surgical Inc., NOVADAQ Technologies Inc., VasoPrep Surgical,Terumo Cardiovascular Systems Corporation, Neograft Inc., MAQUET Holding B.V. & Co. KG., Hancock Jaffe Laboratories, Inc., Genesee BioMedical, Boston Scientific, Edwards Lifesciences Corporation, Sorin Group and Others About We Market Research: WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep-rooted market studies and insightful analysis of different markets. Contact Us: We Market Research Phone: +1(650)-666-4592 Email: sales@wemarketresearch.com

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