Endoscopic Vessel Harvesting System Market Drivers, Analysis, Key Region and Revenue Forecasts Till 2025
The global endoscopic vessel harvesting market size was estimated at USD 1.8 in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH.
The global endoscopic vessel harvesting market size was estimated at USD 1.8 in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH.
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<strong>Endoscopic</strong> <strong>Vessel</strong> <strong>Harvesting</strong> <strong>System</strong> <strong>Market</strong> <strong>Drivers</strong>, <strong>Analysis</strong>,<br />
<strong>Key</strong> <strong>Region</strong> <strong>and</strong> <strong>Revenue</strong> <strong>Forecasts</strong> <strong>Till</strong> <strong>2025</strong><br />
“<strong>Endoscopic</strong> <strong>Vessel</strong> <strong>Harvesting</strong> (EVH) <strong>System</strong> <strong>Market</strong> Report Includes in-depth<br />
analysis of <strong>Market</strong> Application, Size, Specification, Trends, Major<br />
Manufacturers <strong>and</strong> Business Strategies by Considering Types, <strong>Market</strong><br />
Segmentation <strong>and</strong> <strong>Analysis</strong>.”<br />
Industry Insights<br />
The Global <strong>Endoscopic</strong> <strong>Vessel</strong> <strong>Harvesting</strong> <strong>Market</strong> size was estimated at USD 1.8 in 2016 <strong>and</strong> is expected to grow<br />
at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in<br />
dem<strong>and</strong> for EVH. According to WHO, globally CVD is the leading cause of death. It was estimated that<br />
approximately 17.7 million people died from CVD’s in 2015 that represents 31% of all global deaths. In addition,<br />
there is a rising prevalence of the risk associated with CVD including obesity, diabetes mellitus, <strong>and</strong> high blood<br />
pressure, which is further expected to boost dem<strong>and</strong> for these devices.<br />
Technological advancements pertaining to cardiovascular medical devices is one of the pivotal factors<br />
anticipated to propel the growth of the EVH systems. Growing investments by the major players in this market<br />
pertaining to device upgradation <strong>and</strong> new product launch is also amongst few factors driving the dem<strong>and</strong>. For<br />
instance, Maquet Cardiovascular LLC launched advanced VASOVIEW Technology for <strong>Endoscopic</strong> <strong>Vessel</strong><br />
procedures in Cardiac Surgery. In addition, increasing R&D activities with surging number of new product<br />
launches is one of the factor that expected to impel the market growth over forecast period.<br />
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Growing preferance for minimally invasive procedures <strong>and</strong> cost efficient surgeries is further boosts dem<strong>and</strong> for<br />
EVH systems. Some of the advantages associated with these devices are minimum recovery time , reducing post<br />
surgery infection risk, <strong>and</strong> leaves minimal surgery scars. For example, Sorin Group launched the VascuClear EVH<br />
<strong>System</strong> in 2011, which reduces the patient’s pain, infection rates, recovery time, <strong>and</strong> scarring. Also, rising<br />
geriatric population <strong>and</strong> growing number of awareness programs related to cardiac health contribute to the<br />
dem<strong>and</strong> for EVH system.<br />
Product Insights<br />
On the basis of product, the market is segmented as reusable <strong>and</strong> disposable endoscopic vessel harvesting<br />
systems. The reusable segment held the majority of the revenue share <strong>and</strong> was valued at USD 1,242.4 million in<br />
2016. Some of the key factors such as high commercial availability <strong>and</strong> maximum adoption of these devices by<br />
the hospitals are some of the key factors that can be accounted for the major market share. In addition, growing<br />
dem<strong>and</strong> for EVH in Coronary Artery Bypass Graft (CABG) surgeries especially in emerging economies is another<br />
factor rising the dem<strong>and</strong> for EVH systems in the market. Few of the commercially available products are Venapax<br />
Vein <strong>Harvesting</strong>, Endoperfect systems, VirtuoSaph plus EVH systems, Endoperfect systems, <strong>and</strong> Cardiovision<br />
EVH systems. Some of the major players in the market include Terumo Cardiovascular Group; Cardio Medical<br />
GmbH; Saphena Medical; Inc.; <strong>and</strong> Liva Nova plc.<br />
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However, high cost associated with product maintenance along with rising incidence of infection is one of the<br />
factors that can hamper the growth of reusable systems in the coming years. Disposable systems tend to<br />
increase the market growth owing to its increasing adoption by the hospitals especially in the emerging<br />
economies. Awareness among the consumers related to disposable devices is also rising, which is further surging<br />
dem<strong>and</strong> for such systems. Some of the products in this segment include VirtuoSaph EVH systems, ClearGlide,<br />
<strong>and</strong> Vasoview Homo Pro EVH systems. Few of the major players in the market include Terumo cardiovascular<br />
Group; Sorin Group; <strong>and</strong> Maquet Holding B.V & Co. KG.<br />
<strong>Region</strong>al Insight<br />
North America dominated the market with the maximum share 39.54% in 2016. Some of the key factors<br />
attributing to the market growth include increase in cardiac surgeries, high prevalence of heart diseases in the<br />
U.S., <strong>and</strong> availability of minimally invasive CABG surgeries. According to The University of Michigan, CABG is the<br />
most common type of cardiac surgery performed in the region. In addition, technological developments in<br />
endoscopic equipment, medical camera, <strong>and</strong> operating room equipment & supplies market is one of the factors
that drive up the dem<strong>and</strong> for such systems. Furthermore, favorable reimbursement policies <strong>and</strong> rising<br />
incidences of coronary artery disease among the U.S population boost up the dem<strong>and</strong> of EVH system in the U.S.<br />
Asia pacific region is expected to be the fastest growing segment with a CAGR of 7.7% over the forecast period.<br />
Factors such as high prevalence of cardiovascular diseases, growing trend of medical tourism, increasing<br />
disposable income, <strong>and</strong> rising awareness campaigns propel the growth in the region. On September, 2016, WHO<br />
<strong>and</strong> United States Centers for Disease Control <strong>and</strong> Prevention (US CDC), launched 'Global Hearts' which is an<br />
initiative to prevent <strong>and</strong> control in countries like India, Thail<strong>and</strong>, Sri Lanka, Nepal <strong>and</strong> Philippines participating<br />
in the Asia Pacific region.<br />
Competitive Insights<br />
Some of the key participants of global EVH system market include, Olympus Corporation; Maquet Holding B.V.<br />
& Co. KG; Terumo Cardiovascular <strong>System</strong>s Corporation; Saphena Medical, Inc.; Medical Instruments S.p.a;<br />
LivaNova plc.; Cardio Medical GmbH; Sorin Group, Inc. <strong>and</strong> Med Europe S.r.I.<br />
<strong>Market</strong> Segment:<br />
<strong>Endoscopic</strong> <strong>Vessel</strong> <strong>Harvesting</strong> <strong>System</strong> Product Outlook (<strong>Revenue</strong>, USD Million, 2014 - <strong>2025</strong>)<br />
• Disposable<br />
• Reusable<br />
<strong>Endoscopic</strong> <strong>Vessel</strong> <strong>Harvesting</strong> <strong>System</strong> <strong>Region</strong>al Outlook (<strong>Revenue</strong>, USD Million, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Canada<br />
• Europe<br />
• Germany<br />
• UK<br />
• Asia Pacific<br />
• China<br />
• Japan<br />
• Latin America<br />
• Brazil<br />
• Mexico<br />
• Middle East & Africa<br />
• South Africa
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