Coronary Artery Bypass Grafting Market, By Technology (Off-pump CABG, On-pump CABG, and Others), By Product (Grafts, Retractors, Heart positioners, Tissue stabilizers, and Others), By End User (Hospitals, Cardiology Clinics, Ambulatory surgical centers, Academic & Research institute, and Other), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024

Code : CMI7225

Pages :165

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Coronary Artery Bypass Grafting Market Concentration By Players

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Improving reimbursement scenario for CABG procedures

Growing medical reimbursement and insurance coverage for cardiovascular procedures like coronary artery bypass grafting can drive the market growth. Traditionally, exorbitant costs of cardiac surgery made it unaffordable for many people. However, favorable medical reimbursement policies introduced by public and private payers are enhancing the accessibility of CABG. For example, government-sponsored insurance schemes in many countries now cover CABG procedures, subject to certain conditions. Private medical insurers are also expanding insurance plans that offer CABG coverage. Such third-party coverage has resulted in more patients opting for the procedure who otherwise would hesitate due to financial constraints. Cardiac societies and advocacy groups too are lobbying for higher reimbursements from insurance firms. Growing reimbursement rates are encouraging more healthcare providers to offer CABG services, thus, widening treatment availability. Reimbursements are also supporting investments in advanced technologies and infrastructure expansion by CABG service providers.

Key Players Insights