The Global Endoscopic Vessel Harvesting System Industry is on a trajectory for significant growth, with a projected market valuation of US$746.1 million by 2033. This promising forecast reflects a robust Compound Annual Growth Rate (CAGR) of 3.7% anticipated throughout the forecast period.
Rising Demand Fueled by Cardiovascular Disease Prevalence
The current market size is estimated at US$520.4 million in 2023. This projected growth is primarily driven by the concerning rise in global cardiovascular disease (CVD) diagnoses. Minimally invasive endoscopic vessel harvesting procedures offer several advantages over traditional methods for coronary artery bypass graft (CABG) surgery, making them increasingly popular among surgeons and patients alike.
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The endoscopic vessel harvesting devices market has opened up new opportunities for companies in the field of coronary artery bypass grafting (CABG).
Endoscopic vessel harvesting systems are experiencing an unprecedented surge in usage as a result of the preference for minimally invasive surgical procedures, as well as the growing healthcare sector and rising geriatric population in emerging economies, driving the market’s overall growth. As a result, the Global Endoscopic Vessel Harvesting System Market is expected to grow significantly during the forecast period.
Coronary artery bypass graft surgery (CABG) is a procedure that restores blood supply to the heart muscle after one or more coronary arteries have been blocked or narrowed. Traditionally, the harvesting procedure used open vein harvesting (OVH), which required a single continuous skin incision. With recent technological advancements, the process is less invasive by endoscopic vessel harvesting (EVH). This technique reduces leg wound morbidity due to small incisions compared to open vein harvesting.
Some major companies in the Global Endoscopic Vessel Harvesting System Industry are Maquet Holding B.V. & Co. KG., OLYMPUS CORPORATION, Terumo Cardiovascular Systems Corporation., Med Europe S.r.l. (Elite Life Care), Sorin Group Inc., Saphena Medical, Inc., and Terumo Cardiovascular Systems Corporation.
- Endoscopic vessel harvesting system Market Segments
- Global Endoscopic Vessel Harvesting System Industry Dynamics
- Endoscopic Vessel Harvesting System Market Size & Forecast 2022 to 2032
- Global Endoscopic Vessel Harvesting System Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Global Endoscopic Vessel Harvesting System Industry Drivers and Restraints
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The Global Endoscopic Vessel Harvesting System Industry is segmented based on product type and regional presence:
Segmentation based on product type
- Disposable
- Reusable
Geographically the Global Endoscopic Vessel Harvesting System Industry is segmented into five key regions
- North America
- Latin America
- Europe
- Asia Pacific
- MEA region
The Asia Pacific endoscopic vessel harvesting system market is expected to grow rapidly as per capita income in Asian countries rises and the medical tourism industry expands. China is expected to be the fastest-growing market for endoscopic vessel harvesting systems due to increased public access to healthcare professionals and an expanding economy.
Key Segments in the Global Endoscopic Vessel Harvesting System Industry
Segmentation based on Product Type:
- Disposable
- Reusable
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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