In a groundbreaking revelation, the Global Endoscopic Vessel Harvesting System Industry is set to experience remarkable growth, with a projected market size of US$ 746.1 million by the year 2033. This promising forecast, disclosed today, underscores the industry’s robust trajectory, surging from its current valuation of US$ 520.4 million in 2023. The market is anticipated to achieve a compelling Compound Annual Growth Rate (CAGR) of 3.7%.
The driving force behind this upward surge is the escalating prevalence of cardiovascular disease, catalyzing a growing demand for advanced endoscopic vessel harvesting systems. Notably, the market share for endoscopic vessel harvesting systems has witnessed a substantial increase in recent years, fueled by relentless innovation and technological advancements.
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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 Industry 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.
- Global Endoscopic Vessel Harvesting System Industry Segments
- Global Endoscopic Vessel Harvesting System Industry Dynamics
- Global Endoscopic Vessel Harvesting System Industry Size & Forecast 2023 to 2033
- Global Endoscopic Vessel Harvesting System Industry Current Trends/Issues/Challenges
- Competition and companies involved
- Global Endoscopic Vessel Harvesting System Industry Drivers and Restraints
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Global Endoscopic Vessel Harvesting System Industry
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 Endoscopic Vessel Harvesting System
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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