CABG Surgery Device Market Report 2024 (Global Edition)

Global CABG Surgery Device Market Report 2024 Market Size Split by Devices (Tissue Stabilizer, Heart Positioners, Others), by Technique (Traditional Vessel Harvesting, Endoscopic Vessel Harvesting (EV...

CABG Surgery Device Market Report Description

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CABG Surgery Device Market Insights Video

Competitive Landscape of the CABG Surgery Device Market

The competitive landscape of the CABG surgery device market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized CABG surgery device companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2023: With an emphasis on enhancing patient outcomes and safety, Terumo has introduced sophisticated oxygenators and heart-lung machines intended for use in CABG procedures. (Source: https://terumoindia.com/cardiovascular-division-terumo-cardiovascular News 2 (June 2024: A hybrid coronary revascularization system, which combines percutaneous coronary intervention (PCI) and minimally invasive coronary artery bypass surgery, was introduced by Medtronic.) (Source: https://www.medtronic.com/me-en/index.html News 3 (March 2024: SYNERGYTM MEGATRONTM, a stent system designed specifically for patients with complicated coronary artery disease, was introduced by Boston Scientific.) (Source: https://www.bostonscientific.com/en-US/products/stents--coronary/synergy-megatron/synergy-megatron-indications-safety-and-warnings.html#:~:text=The%20SYNERGY%20MEGATRON%20Everolimus%2DEluting,MI%20or%20documented%20silent%20ischemia)

Top Companies Market Share in CABG Surgery Device Industry: (In no particular order of Rank)

• Medtronic plc
• Terumo Corporation
• Getinge Group
• LivaNova Inc
• Edwards Lifesciences Corporation
• Boston Scientific Corporation
• Abbott Laboratories
• Zimmer Biomet
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the CABG Surgery Device Market

Which Region Dominates the CABG Surgery Device Market in 2024?

According to cognitive market research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the healthcare infrastructure in North America, especially in the United States, which is among the best in the world. The region's leadership in the CABG surgery device market is mostly due to the availability of cutting-edge medical technology, well-equipped surgical centers, and state-of-the-art hospitals. Cardiovascular illnesses, such as coronary artery disease, which is a major contributor to CABG procedures, are quite prevalent in the area. The need for CABG surgery instruments is fueled by this.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the CABG surgery device market due to the Asia-Pacific area is experiencing a rise in the incidence of cardiovascular diseases, specifically coronary artery disorders, as a result of changing lifestyles, urbanization, and an aging population. This is driving the need for CABG operations and related equipment. China, India, and other Southeast Asian nations are among the many nations in the region making significant investments in healthcare infrastructure. This involves the growth of hospitals and specialist cardiac care facilities, which raises the need for cutting-edge surgical equipment.

The current report Scope analyzes CABG Surgery Device Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America CABG Surgery Device Market

According to cognitive market research, the global CABG surgery device market size was estimated at USD 14684.5 million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 5873.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to cognitive market research, the US had a major share in the CABG surgery device market with a market size of USD 4634.43 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The market for CABG surgery devices is expanding as a result of the aging population in the United States..
• The Canada CABG surgery device market had a market share of USD 704.86 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In Canada, cardiovascular diseases rank among the top causes of death. The rising prevalence of heart-related diseases drives the necessity for surgical procedures like CABG.
• The Mexico CABG surgery device market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 534.52 million in 2024.

Europe CABG Surgery Device Market

According to cognitive market research, the global CABG surgery device market size was estimated at USD 14684.5 million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 4405.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom CABG surgery device market had a market share of USD 740.10 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, there has been an increase in cardiovascular illnesses, mostly brought on by lifestyle choices, including smoking, inactivity, and poor eating. The market for related equipment is driven by this rise, which directly increases the need for CABG procedures.
• The France CABG surgery device market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 405.29 million in 2024.
• According to cognitive market research, the German CABG surgery device market size was valued at USD 872.26 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, patients can now have CABG surgery more easily because of the excellent payment regulations offered by the German healthcare system.
• The Italy CABG surgery device market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 378.86 million in 2024.
• The Russia CABG surgery device market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 682.83 million in 2024.
• The Spain CABG surgery device market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 361.24 million in 2024
• The Luxembourg CABG surgery device market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 136.57 million in 2024.
• The Portugal CABG surgery device market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 92.51 million in 2024.
• The Greece CABG surgery device market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 52.86 million in 2024.
• Rest of Europe's CABG surgery device market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 682.83 million in 2024.

Asia Pacific CABG Surgery Device Market

According to cognitive market research, the global CABG Surgery Device market size was estimated at USD 14684.5 million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3377.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to cognitive market research, the China CABG Surgery Device market size was valued at USD 1519.85 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. CABG Surgery Device surged in China due to the adoption of various technologies.
• The Japan CABG surgery device market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 466.09 million in 2024.
• The India CABG surgery device market had a market share of USD 405.29 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's supportive initiatives taken by the government.
• The South Korean CABG surgery device market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 337.74 million in 2024.
• The Australian CABG surgery device market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 175.63 million in 2024.
• The South East Asia CABG surgery device market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 233.04 million in 2024.
• The Rest of Asia Pacific CABG surgery device market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 239.80 million in 2024.

South America CABG Surgery Device Market

According to cognitive market research, the global CABG surgery device market size was estimated at USD 14684.5 million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 734.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. .

• According to cognitive market research, the Brazil CABG surgery device market size was valued at USD 314.25 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. CABG surgery devices flourished in brazil due to the innovation in technology.
• Argentina's CABG Surgery Device market had a market share of USD 123.35 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia CABG Surgery Device market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 65.35 million in 2024.
• Peru CABG Surgery Device market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 60.21 million in 2024.
• Chile CABG Surgery Device market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 52.86 million in 2024.
• The Rest of Latin America's CABG Surgery Device market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 118.21 million in 2024.

Middle East and Africa CABG Surgery Device Market

According to cognitive market research, the global CABG surgery device market size was estimated at USD 14684.5 million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 293.69 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries CABG Surgery Device market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 125.70 million in 2024. CABG surgery device sales flourish due to the presence of major market players.
• The Egypt CABG Surgery Device market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 30.84 million in 2024.
• The South Africa CABG Surgery Device market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 46.40 million in 2024. CABG surgery device sales flourish in South Africa due to technological advancements, increasing demand, and regulatory support.
• The Turkey CABG Surgery Device market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 25.26 million in 2024.
• The Nigeria CABG Surgery Device market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 30.84 million in 2024.
• The Rest of the MEA CABG Surgery Device market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 34.66 million in 2024.

CABG Surgery Device Market Analysis

CABG Surgery Device Market Device Segment Analysis

According to cognitive market research, tissue stabilizer stands out as the dominant category over the projected period due to significant advancements that have been made to tissue stabilizers, increasing their effectiveness and dependability in maintaining cardiac stability during surgery—a critical function for the successful completion of CABG treatments. Tissue stabilizers are becoming more and more popular due to the growing need for less intrusive surgical procedures. When doing off-pump coronary artery bypass (OPCAB) surgery, when the patient's heart is still beating during the procedure, these devices are crucial.

Heart positioners emerge as the fastest-growing category in the CABG surgery device market. The need for CABG procedures is being driven by the development of cardiovascular disorders, especially coronary artery disease (CAD), around the world. Heart positioners are essential to these operations because they improve patient outcomes by offering stability and accuracy during the surgical process. Heart Positioners are being used more frequently as a result of technological developments in robotically aided and less invasive CABG operations. By improving the surgeon's precision in accessing and operating the heart, these devices lower the possibility of problems.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of CABG Surgery Device Industry. Request a Free Sample PDF!

CABG Surgery Device Market Technique Segment Analysis

According to cognitive market research, the dominant category is endoscopic vessel harvesting (EVH) due to the EVH is less intrusive than conventional techniques, patients recover more quickly and have smaller incisions and less scarring; because of this, both patients and surgeons find it to be the preferred option. Compared to conventional vessel harvesting, endoscopic vein grafting (EVH) is linked to a lower rate of postoperative complications, including wound healing problems and infections. Better patient outcomes and general satisfaction are a result of this.

The fastest-growing category in the CABG surgery device market is traditional vessel harvesting due to the method's growing popularity because of its proven safety record, efficacy, and affordability when compared to endoscopic procedures. Even though it is more intrusive, traditional vessel harvesting is frequently used in complicated situations when accuracy and clear visibility of the vessels are essential.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

CABG Surgery Device End-User Segment Analysis

CABG Surgery Device Market End-User Segment Analysis

According to cognitive market research, the dominant category is hospitals because more patients, especially those in need of sophisticated treatments like CABG, are admitted to hospitals than to other types of facilities. Hospitals are the principal centers for these types of procedures because of their infrastructure and resources.

The fastest-growing category in the CABG surgery device market is cardiology clinics due to specialized cardiac treatment, including a large volume of CABG operations, which is the main focus of cardiology clinics. The need for these specialized services has increased due to the rising prevalence of cardiovascular disorders worldwide, propelling the expansion of this market. Patients can more easily access cardiology clinics than they can huge academic institutes. They are a better option for elective surgeries like CABG because they frequently offer shorter wait periods.

• Hospitals
• Cardiology Clinics
• Research & Academic Institutions

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

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