Worldwide "Endoscopic
Vessel Harvesting System Market" 2025
Industry research report covers the industry overview with Marketplace Size,
Share, Development, futuristic cost, earnings, demand and distribution data. Its
vast repository offers an analytical summary of the marketplace that can help
to the new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Endoscopic Vessel
Harvesting System so that market participants can improve their business
strategy and ensure long-term success. This report provides players with useful
information and suggests result-based ideas to give them a competitive
advantage in the global Endoscopic Vessel Harvesting System industry. It will show
how other players compete in the global Endoscopic Vessel Harvesting System Market
and explain the strategies you use to differentiate yourself from other
participants.
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Industry Insights
The global Endoscopic
Vessel Harvesting System Market size was estimated at USD 1,881.7 million 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. According to WHO, globally CVD is the leading cause of death. It was
estimated that approximately 17.7 million people died from CVD’s in 2015 that
represents 31% of all global deaths. In addition, there is a rising prevalence
of the risk associated with CVD including obesity, diabetes mellitus, and high
blood pressure, which is further expected to boost demand for these devices.
Technological advancements
pertaining to cardiovascular medical devices is one of the pivotal factors
anticipated to propel the growth of the EVH systems. Growing investments by the
major players in this market pertaining to device upgradation and new product
launch is also amongst few factors driving the demand. For instance, Maquet
Cardiovascular LLC launched advanced VASOVIEW Technology for Endoscopic Vessel
procedures in Cardiac Surgery. In addition, increasing R&D activities with
surging number of new product launches is one of the factor that expected to impel
the market growth over forecast period.
Growing preferance for
minimally invasive procedures and cost efficient surgeries is further boosts
demand for EVH systems. Some of the advantages associated with these devices
are minimum recovery time , reducing post surgery infection risk, and leaves
minimal surgery scars. For example, Sorin Group launched the VascuClear EVH
System in 2011, which reduces the patient’s pain, infection rates, recovery
time, and scarring. Also, rising geriatric population and growing number of
awareness programs related to cardiac health contribute to the demand for EVH
system.
Regional Insight
North America dominated the
market with the maximum share 39.54% in 2016. Some of the key factors
attributing to the market growth include increase in cardiac surgeries, high
prevalence of heart diseases in the U.S., and availability of minimally
invasive CABG surgeries. According to The University of Michigan, CABG is the
most common type of cardiac surgery performed in the region. In addition,
technological developments in endoscopic equipment, medical camera, and
operating room equipment & supplies market is one of the factors that drive
up the demand for such systems. Furthermore, favorable reimbursement policies
and rising incidences of coronary artery disease among the U.S population boost
up the demand of EVH system in the U.S.
Asia pacific region is
expected to be the fastest growing segment with a CAGR of 7.7% over the
forecast period. Factors such as high prevalence of cardiovascular diseases,
growing trend of medical tourism, increasing disposable income, and rising
awareness campaigns propel the growth in the region. On September, 2016, WHO
and United States Centers for Disease Control and Prevention (US CDC), launched
'Global Hearts' which is an initiative to prevent and control in countries like
India, Thailand, Sri Lanka, Nepal and Philippines participating in the Asia
Pacific region.
Competitive Insights
Some of the key
participants of global EVH system market include, Olympus Corporation; Maquet
Holding B.V. & Co. KG; Terumo Cardiovascular Systems Corporation; Saphena
Medical, Inc.; Medical Instruments S.p.a; LivaNova plc.; Cardio Medical GmbH;
Sorin Group, Inc. and Med Europe S.r.I.
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