Coronary Artery Bypass Graft Market Size & Share, by Method (Off-Pump, On-Pump, and Minimally Invasive Direct); Surgical Procedure; and End use - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 732
  • Published Date: Nov 28, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Coronary Artery Bypass Graft Market registered a profitable valuation of USD 14.09 billion in 2024 and is projected to reach USD 44.25 billion by 2037, expanding at a CAGR of 9.2% during the forecast period, i.e., 2025-2037. In 2025, the industry size of coronary artery bypass graft is evaluated at USD 15.39 billion.

The primary growth driver of the coronary artery bypass graft market is the rising prevalence of cardiovascular diseases (CVDs) particularly coronary artery disease (CAD). According to the British Heart Foundation, as of 2021, over 250 million people in the world were living with coronary heart disease.

Unhealthy lifestyles, poor dietary habits, smoking, and sedentary behavior have led to a surge in CAD cases, necessitating surgical interventions like coronary artery bypass surgery. Additionally, the growing global elderly population is at higher risk of heart disease, driving demand for CABG procedures. One in six individuals worldwide will be 60 or older by 2030. At this point, there will be 1.4 billion people over 60, up from 1 billion in 2020. The number of individuals in the world who are 60 years of age or older is expected to increase to 2.1 billion by 2050. Between 2020 and 2050, the population of people 80 years of age or older is predicted to triple, reaching 426 million.


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Coronary Artery Bypass Graft Market: Growth Drivers and Challenges

Growth Drivers

  • Technological advancements: Technological advancements like the Minimally Invasive Direct Coronary Artery Bypass (MIDCAB) reduce the need for large incisions, resulting in faster recovery, less pain, and lower risk of infection. Endoscopic Vessel Harvesting (EVH), a technique to harvest grafts with minimal tissue damage, improves cosmetic outcomes and reduces recovery time.

    Moreover, innovations such as robotic-assisted CABG allow for precise, minimally invasive procedures with smaller incisions, reduced trauma, and faster recovery times. Systems like the da Vinci Surgical System are increasingly used for CABG. For instance, as of the end of 2021, over 6730 da Vinci surgical systems have been installed in 69 countries across the world, with more than 10 million minimally invasive robotic surgical procedures completed, including more than 1.5 million in 2021.
  • Growing healthcare infrastructure:  The development of specialized cardiac centers and the expansion of hospital networks in developing regions enable more patients to access CABG procedures. Further, modern hospitals and surgical facilities are integrating cutting-edge technologies such as robotic-assisted CABG and advanced imaging systems. These facilities make complex procedures safer and more efficient, increasing patient trust in undergoing CABG surgeries.

    Furthermore, governments and private entities in countries like India and China are heavily investing in healthcare infrastructure. For instance, according to a 2021 report on Investment Opportunities in India’s Healthcare Sector published by the NITI Aayog, over the past 20 years, India has become one of the fastest-growing emerging economies, with foreign direct investment (FDI) increasing from USD 2.5 billion in 2000-01 to USD 50 billion in 2019-20. Investors have shown increased interest in the healthcare sector in recent years, with transaction values rising from USD 94 million (2011) to USD 1,275 million (2016), a more than 13.5-fold increase.
  • Awareness and early diagnosis: Public health campaigns by organizations like the World Heart Federation and American Heart Association emphasize the risks of coronary artery disease and the importance of early intervention. The World Heart Federation's World Heart Day campaign reached 1.9 million people worldwide. Increased awareness prompts patients to seek timely medical advice, leading to more diagnosis and treatment options, including CABG.

    Awareness initiatives stress the importance of addressing risk factors such as hypertension, high cholesterol, and diabetes. Early diagnosis through routine check-ups and health screenings reduces emergency cases and promotes elective CABG surgeries associated with better outcomes. Governments and NGOs in developing countries also fund awareness campaigns to combat rising CVD cases.

Challenges

  • High cost of procedures: CABG surgeries are among the most costly cardiac interventions. Innovations such as robotic-assisted surgeries, minimally invasive techniques, and advanced graft materials come at a premium, increasing the overall cost of CABG. While these technologies improve outcomes, they are not affordable for all patients. Moreover, insurance coverage for major surgical procedures like CABG is minimal or non-existent in many developing countries. This forces patients to bear out-of-pocket expenses, reducing the procedure’s accessibility.
  • Long and complex approval processes: Regulatory agencies like the Food and Drug Administration (FDA) and European Medicines Agency (EMA) require extensive clinical trials and safety evaluations for new graft materials, devices, and surgical techniques. These lengthy processes delay the introduction of advanced products to the market. also, variability in regulatory requirements between regions, such as Europe, and Asia Pacific, creates challenges for manufacturers aiming for global coronary artery bypass graft market entry.

Coronary Artery Bypass Graft Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

9.2%

Base Year Market Size (2024)

USD 14.09 billion

Forecast Year Market Size (2037)

USD 44.25 billion

Regional Scope

  • North America (U.S., and Canada) 
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia-Pacific) 
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) 
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America) 
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa) 

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Coronary Artery Bypass Graft Segmentation

Method (Off-pump, On-pump, and Minimally Invasive Procedures)

By method, the off-pump segment is estimated to dominate around 56.2% coronary artery bypass graft market share by the end of 2037. The market growth can be attributed to off-pump CABG’s reduced complications, faster recovery, and advancements in surgical technology. Off-pump CABG also known as beating heart surgery involves performing the bypass surgery without stopping the heart, unlike traditional on-pump CABG, which uses a heart-lung machine. This technique reduces the risk of complications such as stroke, heart attack, and kidney failure.

The growing availability of specialized instruments and technology to assist in off-pump surgeries has made this method more viable and efficient. Enhanced surgical tools like stabilizers, robotic-assisted technologies, and advanced imaging systems have further boosted its adoption. According to a 2023 report published by the National Library of Medicine, the popularity of off-pump coronary artery bypass grafting (CABG) varies around the world, ranging from 20% in Europe and the U.S. to 56% in Asia.

Surgical Procedure (Single CABG Surgery, Double CABG Surgery, Triple CABG Surgery, Quadruple CABG Surgery)

By 2037, single CABG surgery segment is projected to hold more than 35% coronary artery bypass graft market share. Single-vessel coronary artery disease is common, especially among patients with early stages of coronary artery disease. Single CABG surgery, which involves bypassing a single blocked artery, is often sufficient for these patients. As CAD remains one of the leading causes of morbidity globally, single CABG procedures are in high demand.

Moreover, single CABG surgery is less complex compared to multiple bypass surgeries, making, it more cost-effective. It typically involves fewer risks, shorter operation times, and quicker recovery, all of which are important factors for patients and healthcare providers seeking efficient and affordable treatment options.

Our in-depth analysis of the global coronary artery bypass graft market includes the following segments: 

Method

  • Off-pump
  • On-pump
  • Minimally Invasive Direct

Surgical Procedure

  • Single CABG Surgery
  • Double CABG Surgery
  • Triple CABG Surgery
  • Quadruple CABG Surgery

End use

  • Hospitals
  • Cardiology Centres
  • Others

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Coronary Artery Bypass Graft Industry - Regional Scope

North America Market Forecast

North America in coronary artery bypass graft market is anticipated to capture around 49.8% revenue share by the end of 2037. The market growth is attributed to the rising prevalence of cardiovascular diseases, particularly CAD. In addition to the rising disease burden, the region benefits from advanced healthcare infrastructure, cutting-edge medical technologies, and a strong reimbursement system that makes CABG surgeries more accessible.

In the U.S., CVD remains the leading cause of death, which is contributing to the rise of CABG surgeries. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2022, approximately 1 in every 5 deaths from cardiovascular diseases (CVDs) occurred among persons under the age of 65. Furthermore, an aging population, lifestyle factors such as obesity and sedentary behavior, and an increase in associated comorbidities like diabetes are all accelerating the demand for cardiac interventions.

Canada boosts a well-developed healthcare system with significant investments in hospitals and specialized cardiac care centers. This infrastructure supports a high volume of CABG surgeries, particularly in larger hospitals equipped with advanced surgical tools and technologies.

APAC Market Analysis

The coronary artery bypass graft market of Asia Pacific is poised to register the fastest revenue growth by 2037. APAC countries are investing heavily in healthcare improvements, expanding the reach of advanced treatment options, including CABG, especially in urban areas. This development is particularly notable in emerging coronary artery bypass graft markets like India and China.

In China, the government is actively investing in the healthcare sector, aiming to improve access to quality medical services. This includes providing better healthcare financing, insurance coverage, and reimbursement for surgeries like CABG, which makes these treatments more accessible to the broader population. China's National Health and Family Planning Commission intends to increase the size of the country's health service sector to approximately USD 2.4 trillion by 2030.

In India, the growing geriatric population is a significant factor, as older individuals are at a higher risk for CADs. This demographic shift is expected to continue fueling demand for CABG procedures in the coming years. According to the United Nations Population Fund (UNFPA), as of 2023, the elderly population in the country reached 153 million and is expected to reach 347 million by 2050.

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Companies Dominating the Coronary Artery Bypass Graft Market

    Key players in the coronary artery bypass graft market are contributing through innovations in surgical techniques, technology, and healthcare solutions. Investments and partnerships among government and private sectors are improving the quality and accessibility of CABG procedures and are also contributing to the overall growth of the market by making the surgeries more efficient across diverse regions.

    Here are some key players in the coronary artery bypass graft market:

    • Medtronic, plc
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
    • Guidant Group
    • Xeltis BV
    • MAQUET Holding B.V. & Co.KG
    • Novadaq Technologies Inc.
    • KARL STORZ GmbH & Co. KG
    • Edwards Lifesciences Corporation
    • Genesee Biomedical Inc.
    • Sorin Group
    • Kimal PLC

In the News

  • In February 2023, Xeltis, a medical technology firm situated in Eindhoven, the Netherlands, raised USD 33.65 million in a Series D2 equity funding round. The company is pioneering a restorative approach to heart valve replacement and vascular therapy, based in part on research conducted at Eindhoven University of Technology.
  • In February 2023, Kimal PLC announced a new strategic partnership with Marizyme, Inc. for DuraGraft, the company's flagship product. This collaboration will combine Marizyme's expertise in creating novel medical device technology with Kimal's broad distribution network and specialized market understanding. Together, the companies will bring DuraGraft to market more efficiently and effectively, resulting in a larger network of healthcare practitioners and patients who can benefit from DuraGraft during CABG surgeries.

Author Credits:  Radhika Pawar


  • Report ID: 732
  • Published Date: Nov 28, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global coronary artery bypass graft market registered a valuation of USD 14.09 billion in 2024 and is poised to expand at a CAGR of 9.2% during the forecast period, i.e., 2025-2037.

The global coronary artery bypass graft sector registered a profitable valuation of USD 14.09 billion in 2024 and is poised to register USD 44.25 billion in 2037 expanding at a CAGR of 9.2% during the forecast period, i.e., 2025-2037.

The major players in the market are Guidant Group, MAQUET Holding B.V. & Co.KG, Novadaq Technologies Inc., KARL STORZ GmbH & Co. KG, Edwards Lifesciences Corporation, Genesee Biomedical Inc., and others.

By method, the off-pump segment is poised to register the largest revenue share of 56.2% by 2037. The market growth can be attributed to off-pump CABG’s reduced complications, faster recovery, and advancements in surgical technology.

North America is poised to register the largest revenue share of 49.8% by the end of 2037. The market growth is attributed to the rising prevalence of cardiovascular diseases, particularly CAD.
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