The global endoscopic vessel harvesting system market is projected to reach a valuation of approximately USD 746.1 million by 2033, growing at a compound annual growth rate (CAGR) of 3.7% from a current valuation of USD 520.4 million in 2023.
Key Market Highlights
Steady Revenue Generation and Growth Trends
The endoscopic vessel harvesting system market has experienced historical growth, with a CAGR of 2.3% from 2018 to 2022. Projections indicate that this growth will accelerate, with the CAGR expected to expand by 1.4% by 2033. The increasing prevalence of cardiovascular diseases, largely driven by an aging population, is significantly contributing to the rising demand for cardiac and vascular procedures. Endoscopic vessel harvesting systems play a crucial role in these treatments, highlighting the growing need for such technologies.
Accessibility and Advancements in Healthcare Infrastructure
Improvements in healthcare infrastructure in emerging markets are making endoscopic vessel harvesting systems more accessible, thereby raising their demand. The integration of data analytics and predictive capabilities in these systems is providing valuable insights during surgical procedures. By leveraging data to inform surgical decisions, healthcare professionals can enhance patient outcomes and promote the adoption of these innovative systems.
Future Outlook
The endoscopic vessel harvesting system market is well-positioned for growth, driven by the increasing demand for effective cardiovascular treatments and advancements in medical technology. Stakeholders are encouraged to invest in research and development to further enhance the capabilities of these systems and meet the evolving needs of the healthcare industry.
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.
- 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 Industry Current Trends/Issues/Challenges
- Competition & Companies involved
- Global Endoscopic Vessel Harvesting System Industry Drivers and Restraints
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 Global Endoscopic Vessel Harvesting System Industry
Segmentation based on Product Type:
- Disposable
- Reusable
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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