Endoscopic Vessel Harvesting (EVH) 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.
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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.
Product Insights
On the basis of product, the market is segmented as reusable and disposable endoscopic vessel harvesting systems. The reusable segment held the majority of the revenue share and was valued at USD 1,242.4 million in 2016. Some of the key factors such as high commercial availability and maximum adoption of these devices by the hospitals are some of the key factors that can be accounted for the major market share. In addition, growing demand for EVH in Coronary Artery Bypass Graft (CABG) surgeries especially in emerging economies is another factor rising the demand for EVH systems in the market. Few of the commercially available products are Venapax Vein Harvesting, Endoperfect systems, VirtuoSaph plus EVH systems, Endoperfect systems, and Cardiovision EVH systems. Some of the major players in the market include Terumo Cardiovascular Group; Cardio Medical GmbH; Saphena Medical; Inc.; and Liva Nova plc.
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.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Endoscopic Vessel Harvesting (EVH) System Market
– Changing market dynamics of the Endoscopic Vessel Harvesting (EVH) System industry
– In-depth Endoscopic Vessel Harvesting (EVH) System market segmentation by Type, Application etc
– Historical, current and projected Endoscopic Vessel Harvesting (EVH) System market size in terms of volume and value
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Market Segment:
Endoscopic Vessel Harvesting System Product Outlook (Revenue, USD Million, 2014 - 2025)
- Disposable
- Reusable
Endoscopic Vessel Harvesting System Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
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The study includes an accurate estimate of the current industry scenario along with the market size, market volume, and revenue garnered by the industry.
The report delivers radical data about the competitive landscape of the Endoscopic Vessel Harvesting Devices industry and a thorough bifurcation of the regions where the Endoscopic Vessel Harvesting Devices market has established a significant footing.
The report studies the following companies in detail: Maquet Holding B.V. & Co.
The report offers key details about the production volume and price analysis.The report further provides key insights into the market share held by each product and application in the Endoscopic Vessel Harvesting Devices market.
The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.The report explains the market share and sales volume of each company, along with the key details of the operations of these companies.
The report further offers extensive coverage of their product portfolio, business expansion plans, gross profit margins, revenue contribution, investment plans, and financial standings.
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.
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.
For instance, Maquet Cardiovascular LLC launched advanced VASOVIEW Technology for Endoscopic Vessel procedures in Cardiac Surgery.
The reusable segment held the majority of the revenue share and was valued at USD 1,242.4 million in 2016.
In addition, growing demand for EVH in Coronary Artery Bypass Graft (CABG) surgeries especially in emerging economies is another factor rising the demand for EVH systems in the market.
The Global Endoscopic Vessel Harvesting Systems Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Endoscopic Vessel Harvesting Systems Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/17039-endoscopic-vessel-harvesting-systems-market-reportThe report also covers the complete competitive landscape of the global Endoscopic Vessel Harvesting Systems market with company profiles of key players such as:CARDIO MEDICAL GmbHLivaNova plc.MAQUET Holding B.V. & Co. KGMed Europe S.r.l.Saphena Medical, Inc.Terumo Cardiovascular GroupA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:DisposableReusableBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Endoscopic Vessel Harvesting Systems Market @ https://www.decisiondatabases.com/contact/download-sample-17039The Global Endoscopic Vessel Harvesting Systems Market has been exhibited in detail in the following chapters –Chapter 1 Endoscopic Vessel Harvesting Systems Market PrefaceChapter 2 Executive SummaryChapter 3 Endoscopic Vessel Harvesting Systems Industry AnalysisChapter 4 Endoscopic Vessel Harvesting Systems Market Value Chain AnalysisChapter 5 Endoscopic Vessel Harvesting Systems Market Analysis By ProductChapter 6 Endoscopic Vessel Harvesting Systems Market Analysis By GeographyChapter 7 Competitive Landscape Of Endoscopic Vessel Harvesting Systems CompaniesChapter 8 Company Profiles Of Endoscopic Vessel Harvesting Systems IndustryPurchase the complete Global Endoscopic Vessel Harvesting Systems Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-17039Other Reports by DecisionDatabases.com:Global Magnetic Resonance Imaging (MRI) System Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Live Cell Imaging Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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