The global endoscopic vessel harvesting systems market is
expected to reach USD 3.4 billion by 2025, according to a new report by Grand
View Research, Inc. Growing inclination of the patient population toward
minimally invasive cardiac surgeries is one of the key factors expected to
drive the market in the coming few years.
The introduction of endoscopic vessel
harvesting technology in the field of cardiac surgery was a significant
milestone in 1996. According to estimates by the Texas Heart Institute, every
year over 200,000 procedures were performed in the U.S. Also, based on the
statistics published by the department of surgery (Washington University School
of Medicine in St. Louis), they perform Coronary Artery Bypass Grafting (CABG)
surgeries on approximately 0.5 million people very year. The growing demand for
these procedures and technologically advanced surgical procedures are among few
factors anticipated to boost the market over the forecast period.
The presence of favorable reimbursement
policies in the U.S. pertaining to CABG surgeries is anticipated to increase
the number these surgeries. On July 2016, the Department of Health & Human
Services announced that it will begin implementing bundled payment models for
high-quality, coordinated cardiac and hip fracture care. The market is highly
concentrated with a limited number of products and market players operating in
this space. Many studies stated that the open vessels harvesting technique is
as effective as minimally invasive vessels harvesting technique. However, the
growing awareness regarding benefits of Endoscopic Vessels Harvesting (EVH),
such as minimally invasive nature, less complications, and quick recuperation
are some of the factors that are anticipated to propel its growth during the
forecast period.
Browse full research report on Endoscopic Vessel
Harvesting System Market:
https://www.grandviewresearch.com/industry-analysis/endoscopic-vessel-harvesting-system-market
Further Key
Findings From the Report Suggest:
- 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% from 2017 to 2025
- Reusable EVH systems emerged as the largest
product segment in 2015 and is estimated to generate revenue over USD
2,136.0 million by 2025
- Global disposable EVH systems was USD 639.3
million in 2016 and is anticipated to witness fastest growth over the next
8 years
- The industry in Asia Pacific is projected to
witness substantial growth over the next decade owing to various
developments across major economies in the region. The regional market is
expected to grow at a CAGR of 7.7% from 2017 to 2025
- Some of the key players including MAQUET
Holding B.V. & Co. KG; CARDIO MEDICAL GmbH; Terumo Cardiovascular
Group; Med Europe S.r.l. (Elite Life Care); LivaNova plc. (Sorin and
Cyberonics); and Saphena Medical, Inc. dominated the global endoscopic
vessels harvesting systems market.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/endoscopic-vessel-harvesting-system-market/request/rs1
Grand
View Research has segmented the global endoscopic vessel harvesting systems
market on the basis of product and region:
Endoscopic
Vessel Harvesting SystemProduct Outlook (Revenue, USD Million, 2014 - 2025)
- Disposable
- Reusable
Endoscopic
Vessel Harvesting SystemRegional 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
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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