Coronary Artery Bypass Graft Market to Generate a Revenue of US$ 163.9 Mn by 2026, Says TMR

ALBANY, New York, May 25, 2018 /PRNewswire/ --

Transparency Market Research (TMR) has published a new report titled, "Coronary Artery Bypass Graft Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026". According to the report, the global coronary artery bypass graft market was valued at US$ 104.0 Mn in 2017 is projected to expand at a CAGR of 5.3% from 2018 to 2026. Increase in cardiovascular diseases, rise in awareness about endoscopic surgeries, surge in geriatric population, and technological advancements are the major factors anticipated to fuel the growth of the market from 2018 to 2026. Improved hospital infrastructure in the developed markets such a North America and Europe, rise in medical tourism in Asia Pacific, and advantages of endoscopic surgeries are expected to drive the market during the forecast period.

     (Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Get PDF Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=20828

Increase in Adoption of Endoscopic Surgeries to Propel Market 

Endoscopic surgeries offer advantages such as short hospital stay and minimal incision at the surgery site. Endoscopic surgery is used to diagnose or treat diseases. Advantages associated with endoscopic surgeries include minimal blood loss, no requirement of general anesthesia, outpatient surgical procedure, small incision, less bleeding, and quick discharge within 2 to 4 days. These factors have increased demand for endoscopic surgeries across the globe.

Rise in Number of Cardiovascular Diseases Leading to Multiple Blockages to Boost Off-Pump CABG Segment 

Cardiovascular diseases is a leading cause of premature deaths among the geriatric population or even among the younger population. Globally, the number of deaths due to cardiovascular diseases has increased in the last decade. There was 41% increase in deaths due to cardiovascular diseases from 12.3 million in 1993 to 17.3 million 2013. According to European Heart Network statistics, CVD accounts for nearly 3.9 million deaths in Europe each year and around 1.8 million deaths in the European Union. Advantages of off-pump CABG such as reduced hospital stay, minimal blood loss, lower post-operative complications, and useful in treating multiple blocks are expected to fuel the growth of the segment.