Endoscopic Vessel Harvesting Market | Worldwide Revenue Growth Opportunities
Posted by MarketNews on January 31st, 2020
Endoscopic vessel harvesting devices are used to obtain one or more healthy vessels from the patient's leg or arm to use as conduits to bypass obstructed blood vessel in the cardiac or peripheral region. Endoscopic vessel harvesting devices include EVH systems, endoscopes, and accessories.
Growth in the market is driven by factors such as increasing prevalence of cardiovascular diseases, growing preference for minimally invasive harvesting owing to advantages it offers over conventional methods, and rising geriatric population.
The global endoscopic vessel harvesting market is projected to reach 4.8 Million by 2022 from an estimated 6.6 Million in 2016, at a CAGR of 3.7%.
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North American segment accounted for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the high burden of cardiovascular diseases (CVDs), the launch of the Hospital Readmissions Reduction Program (HRRP) and Episode-based Payment Models (EPMs), increasing incidence of cardiac diseases, and growing preference for minimally invasive harvesting procedures.
Applications of Endoscopic Vessel Harvesting Market:
1. Coronary Artery Disease
2. Peripheral Artery Disease
The coronary artery disease segment commanded the largest share of the endoscopic vessel harvesting market in 2017. The large share of this segment can be attributed to the rising prevalence of cardiovascular diseases and increasing geriatric population.
Endoscopic Vessel Harvesting Industry Segmentation:
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Leading Players in Global Industry:
The major players in the Endoscopic Vessel Harvesting Market include Getinge (Sweden), Terumo (Japan), LivaNova (UK), Saphena Medical (US), KARL STORZ (Germany), Cardio Medical (Germany), and Medical Instruments Spa (Italy).
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