Coronary Artery Bypass Graft Market to Generate a Revenue of US$ 163.9 Mn by 2026, Says TMR - Seite 2

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Rise in Cardiac Complications and Pricing Pressure to Restrain Market 

An article published on Medicine Net stated that the overall mortality rate for CABG is approximately 3% to 4%. Heart attack after CABG procedure is quite common in 5% to 10% cases and stroke in 1% to 2% of patients. Around 5% of the cases require exploration due to significant blood loss. In cases where second surgery is required, there are high chances of infection in chest and lungs. Increase in prices of CABG procedures in developed countries such as the U.S. and the U.K. is a key factor restraining the global coronary artery bypass graft market. The cost of CABG procedure in the U.S. ranges from US$ 70,000 to US$ 200,000 and it costs US$ 28,000 in the U.K., US$ 32,000 to US$ 42,130 in Australia, and US$ 16,247 to US$ 23,600 in Spain.

Asia Pacific to Register Exponential Growth 

In terms of revenue, the coronary artery bypass graft market in Asia Pacific is expected to expand at a CAGR of 5.9% during the forecast period. Rise in medical tourism in India due to low cost of surgery is projected to boost the growth of the market in the region. The cost of CABG surgery in India ranges from US$ 1,500 to US$ 5,400. According to Assocham (2015), India's medical tourism sector more than doubled between 2011 and 2015, i.e., US$ 980.0 Mn to US$ 1.8 Bn. Cost of medication and surgeries in developed countries in Asia Pacific is comparatively lower than in countries such as the U.K. and the U.S. Moreover, up-to-date treatment facilities, skilled doctors, and consultants will attract the western population to the region for extensive treatments.

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Medtronic, Terumo Corporation, Ethicon, Neograft, and Boston Scientific to Lead the Market 

The report also provides profiles of leading players operating in the global coronary artery bypass graft market such as Medtronic, Terumo Corporation, KARL STORZ GmbH & Co. KG, Boston Scientific, Ethicon (a subsidiary of Johnson & Johnson), Neograft, Sorin Group, MAQUET Holding B.V. & Co. KG, Edwards Lifesciences, Vitalitec International, Inc., Novadaq Technologies, Inc., and Genesee Biomedical, Inc.