Global Endoscopic Vessel Harvesting System Market by Europe (Germany, UK), by Product (Disposable, Reusable), by Asia Pacific (Japan, China) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2016, the global market for endoscopic vessel harvesting systems was valued at USD 1,881.7 millions. The demand for endoscopic medical equipment will rise due to increased grants and investments from government agencies in endoscopic technology. This is a great opportunity for U.S. medical device manufacturers.

U.S. Endoscopic Vascular Harvesting Systems Market by Product, 2014-2025 (USD Million).

The increasing number of product launches also indicates the increased R&D investment made by market leaders such as Terumo Cardiovascular Systems Corporation or Maquet Holding B.V. & Co. KG. VirtuoSaph Plus EVH system received 510(k), premarket notification from the U.S. FDA under class II medical devices in April 2016.

Growth is expected to be driven by technological innovations and innovation in the market for cardiovascular medical devices. Numerous medical device companies have seen their opportunities expand with the introduction of endoscopic vessel harvesting systems (EVH) in the field cardiac and vascular surgery, such as Coronary Artery Bypass Grafting. One of the factors that will boost the market is the increasing number of start-ups, like Saphena Medical, Inc., which are investing in R&D.

The U.S. Centers for Medicare & Medicaid Service (CMS), announced in December 2016 that the CABG model would be subject to episode-based payment. This initiative will see acute care hospitals participate in retroactive bundled payments related to CABG treatment. It starts with hospitalization and can be extended for up to 3 months after discharge. This model was used by 1,096 hospitals until February 2017.

Percutaneous intervention has made it possible to reduce the number of CABGs performed every year. The key factors driving the growth are the increasing use of EVH systems for CABG surgery and a preference for minimally invasive procedures.

Product Insights

The market for EVH systems is divided by product type: reusable or disposable. The most popular product category was the reusable harvesting vessel system, which accounted for 66% of total revenue in 2016. Reusable harvesting vessel systems were the most popular product category in 2016, accounting for over 66% of total revenue. This is due to their commercial availability and widespread adoption in CABG surgery, particularly in emerging economies. The growing number of infections from endoscopes could be a factor that hinders growth.

Few products dominate the market, including Endoperfect System and Venapax Vein Harvesting. The disposable system will be the fastest growing segment over the next few years due to safety concerns among healthcare professionals. One of the key factors expected to drive demand is the rapid technological advancement in disposable systems.

Market for endoscopic vessel harvesting systems worldwide, by product, 2014-2025 (%)

VasoView HEMOPRO and VirtuoSaph are some of the most commonly used disposable systems. Maquet Holding, Sorin Group and VascuClear by Maquet Holding have made significant investments in R&D to develop more advanced disposable systems like VASOVIEW 6 PROEVH and VascuClear by Sorin Group. One of the key factors driving the disposable medical supply market is the growing demand for surgical equipment. This is due to the convenience and safety of the patient population.

The Pediatric Congenital Heart Association (PCHA) and the Heart Valve Surgery Community (HVCC) work together to raise awareness and educate about congenital heart disease. They also conduct research and provide education. Over the forecast period, disposable EVH systems are expected to grow due to surgeons' increased awareness of new technologies in cardiac surgery. The forecast period will also see an increase in the number of people with heart disease and those who are more vulnerable to infections.

Regional Insights

North America was the largest EVH market, accounting for 39% of total market revenue in 2016. India, China and Brazil are experiencing strong economic growth. The demand for CABG surgery in the region has grown due to rising population and increasing cardiovascular disease. Consumers are more likely to have access to the most advanced medical treatments and therapies due to their increasing disposable income.

The U.S. was 2016's leading EVH market. The U.S. is expected to hold the largest revenue share during the forecast period due to favorable reimbursement policies for endoscopes, high incidence of coronary disease in the U.S. and large adoption of a sedentary life style. According to the U.S. CDC data, around 370,000 people are affected by coronary heart disease. Another important factor driving the U.S. market is the availability of minimally invasive CABG surgery that is technologically advanced.

Asia Pacific will be the fastest growing region over the next few years. The region's rapid growth is due to the expanding medical tourism industry, rising per capita income, increased healthcare spending by government, and increasing awareness about various coronary surgery options. China is expected to be the fastest-growing region in Asia Pacific.

Latin America will follow the Asia Pacific region's lead with a 7.1% CAGR. The growing importance of the Latin American region, such as Colombia and Argentina, is due to the increasing demand for affordable and low-cost cardiac procedures. These countries are experiencing rapid changes in their medical sectors, which is generating enormous demand for advanced systems like EVH systems.

Market Share Insights & Key Companies

Global EVH market is competitive and highly concentrated. Only a few companies account for the largest share of global production in 2016. Maquet Holding B.V. & Co. are some of the major players. KG. ; Saphena Medical, Inc.; Terumo Cardiovascular Systems Corporation; Sorin Group, Inc.; OLYMPUS CORPORATION; LivaNova plc. Med Europe S.r.l. ; Med Europe S.r.l.; and CARDIO MEDICAL GmbH.

To maintain a competitive edge, it is important to increase investments in R&D and develop new products. Partnerships are often undertaken to diversify product portfolios or gain market share. Several recent product launches and awareness campaigns by key players like Key Access Institute, LLC and Getinge Group are just a few of the strategies that can increase the adoption rate for EVH systems.

Endoscopic Vessel Harvesting System Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country levels. It also analyzes the industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global market for endoscopic vessels harvesting system on the basis product and region.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Disposable

  • Reusable

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global endoscopic vessel harvesting market was valued at USD 2.21 billion in 2019, and is forecast to grow to USD 2.33 billion by 2020.

b. Global endoscopic vessel harvesting market is expected grow at 6.1% compound annual growth rate from 2017 to 2025, to reach USD 3.39 Billion by 2025.

b. North America was the dominant market for endoscopic vessel harvesting systems in 2019, with a 39% share. This can be attributed to the increasing demand for Coronary Artery Bypass Grafting surgery in the region.

b. MAQUET Holding B.V. & Co. KG, CARDIO MEDICAL GmbH, Terumo Cardiovascular Group and Med Europe S.r.l. are some of the key players in the market for endoscopic vessel harvesting systems. (Elite Life Care); LivaNova plc. (Sorin and Cyberonics); and Saphena Medical, Inc.

b. The market growth is driven by the growing preference of patients for minimally invasive cardiac surgery, technological advances and innovation in the field of cardiovascular medical devices.

Up Market Research published a new report titled “Endoscopic Vessel Harvesting System Market research report which is segmented by Europe (Germany, UK), by Product (Disposable, Reusable), by Asia Pacific (Japan, China), By Players/Companies MAQUET Holding BV & Co KG; CARDIO MEDICAL GmbH; Terumo Cardiovascular Group; Med Europe Srl (Elite Life Care); LivaNova plc (Sorin and Cyberonics); and Saphena Medical, Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Endoscopic Vessel Harvesting System Market Report Segments:

The market is segmented by Europe (Germany, UK), by Product (Disposable, Reusable), by Asia Pacific (Japan, China).

Endoscopic Vessel Harvesting System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Endoscopic Vessel Harvesting System Market

Overview of the regional outlook of the Endoscopic Vessel Harvesting System Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Endoscopic Vessel Harvesting System Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Endoscopic Vessel Harvesting System Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Germany

                2. UK

                1. Disposable

                2. Reusable

                1. Japan

                2. China

9. Market scenario by region, sub-region, and country.
10. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
11. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
12. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Endoscopic Vessel Harvesting System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Endoscopic Vessel Harvesting System Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.