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Endoscopic Vessel Harvesting Systems Market, By Product Type, By Usability, By Vessel Type, By Technique, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
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REPORT HIGHLIGHT

Endoscopic Vessel Harvesting Systems Market size was valued at USD 529.34 Million in 2023, expanding at a CAGR of 3.6% from 2024 to 2032.

Endoscopic vessel harvesting (EVH) is a cutting-edge technological advancement that enhances the process of obtaining a bypass conduit for coronary artery bypass graft (CABG) surgery. Unlike traditional vessel harvesting procedures, EVH utilizes a smaller incision. This innovative procedure significantly reduces patient discomfort, particularly when compared to open or bridging procedures. Moreover, EVH systems enable a minimally invasive approach, leading to smaller incisions, decreased pain, quicker recovery, and a reduced risk of infections and complications.

Endoscopic Vessel Harvesting Systems Market- Market Dynamics

The surge in demand for minimally invasive techniques is anticipated to propel the market growth

Minimally invasive procedures are associated with reduced postoperative pain, a crucial factor that influences patient preference. The expansion of the Endoscopic Vessel Harvesting Systems market is largely driven by the increasing demand for these minimally invasive techniques. This trend is influenced by various factors, including patient preferences, clinical benefits, technological advancements, economic factors, and the aging population. In 2017, a total of 9.8 million inpatient major operating room procedures were analyzed, with 11.1% being minimally invasive and 2.5% being robotic-assisted. In comparison, in 2018, there were 9.6 million inpatient operating room procedures, with 11.2% being minimally invasive and 2.9% being robotic-assisted. According to the National Center for biotechnology information, there were 10.6 million ambulatory procedures in 2016, 2017, and 2018, respectively. The increasing healthcare expenditure and infrastructure development in emerging markets also present significant growth opportunities for Endoscopic Vessel Harvesting systems. However, it is important to note that reimbursement challenges may pose restrictions on the market growth.

Endoscopic Vessel Harvesting Systems Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.6% over the forecast period (2024-2032)

Based on product type segmentation, EVH Systems was predicted to show maximum market share in the year 2023

Based on Usability segmentation, Reusable was the leading type in 2023

Based on Technique segmentation, Closed tunnel was the leading type in 2023

Based on Application segmentation, Coronary Artery Disease (CAD) was the leading type in 2023

Based on region, North America was the leading revenue generator in 2023

Endoscopic Vessel Harvesting Systems Market- Segmentation Analysis:

The Global Endoscopic Vessel Harvesting Systems Market is segmented based on Product Type, Usability, Vessel Type, Technique, Application, and Region.

The market is categorized into three groups according to the type of product: EVH Systems, Endoscopes, and Accessories. The dominant force in the market is EVH Systems. These systems allow surgeons to extract blood vessels like the saphenous vein or the radial artery through small incisions, resulting in minimal tissue damage and enhanced patient outcomes.

The market is categorized into two segments based on Usability: Disposable and Reusable. The dominant segment in the market is Reusable. Reusable EVH systems provide considerable benefits in terms of cost-effectiveness and sustainability, which makes them an appealing choice for healthcare providers.

The market is divided into two categories based on Vessel Type: Saphenous Vein and Radial Artery. Saphenous vein harvesting is relatively straightforward, making it a preferred choice for many surgeons. Radial artery grafts tend to remain open longer than saphenous vein grafts, reducing the need for repeat procedures.

The market is categorized into two groups according to Technique: Closed tunnel and Open tunnel. Closed tunnel holds the majority share of the market. This method entails the creation of a subcutaneous tunnel, allowing the insertion of the endoscope and harvesting instruments to access and extract the vessel. The closed tunnel approach effectively reduces tissue disruption and offers various clinical benefits.

The market is segmented into two categories according to Application: Coronary Artery Disease and Peripheral Artery Disease. The dominant sector in the market is Coronary Artery Disease. Coronary Artery Disease (CAD) is a major contributor to global mortality rates and plays a crucial role in driving the Endoscopic Vessel Harvesting (EVH) Systems market. CAD often necessitates coronary artery bypass grafting (CABG), a frequently performed surgical intervention aimed at restoring proper blood circulation to the heart.

Endoscopic Vessel Harvesting Systems Market- Geographical Insights

The market is geographically spread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are segmented by countries for business purposes. North America leads the market, driven by the rising prevalence of cardiovascular diseases. The region has a high number of cardiovascular diseases (CVD), such as coronary artery disease (CAD), leading to an increased demand for coronary artery bypass graft (CABG) surgeries. Risk factors like obesity, diabetes, and hypertension further contribute to the prevalence of CVD. According to the American Heart Association, cardiovascular disease (CVD) remains the top cause of death in the United States, with 928,741 deaths reported in 2020. Europe follows as the second largest region for market growth, attributed to continuous advancements in endoscopic and imaging technologies.

Endoscopic Vessel Harvesting Systems Market- Competitive Landscape:

The market for Endoscopic Vessel Harvesting (EVH) Systems is characterized by intense competition, as numerous key players strive to establish their dominance through innovation, strategic partnerships, and expanding their product portfolios. This competition is primarily driven by the necessity to offer advanced, efficient, and cost-effective solutions for coronary artery bypass grafting (CABG) procedures. Companies are making substantial investments in research and development to introduce innovative and more efficient EVH systems to the market. Manufacturers are particularly focused on integrating advanced imaging technologies and robotic assistance to enhance the precision and safety of vessel harvesting procedures. With the increasing demand for minimally invasive surgical procedures, the EVH systems market is poised to experience significant growth in the forthcoming years.

Recent Developments:

The first Asia-Pacific EVH Summit took place on the 16[th] and 17[th] of May at the Getinge Experience Center in Singapore. This informative gathering united healthcare professionals from different Asian countries, as well as virtually from around the globe, signifying a significant achievement in Getinge's worldwide involvement and commitment to cardiac surgery education.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS

Getinge AB

Terumo Corporation

Livanova PLC

KARL STORZ SE & Co. KG

Saphena Medical

Medical Instruments Spa

Others

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY USABILITY- MARKET ANALYSIS, 2019 - 2032

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY VESSEL TYPE- MARKET ANALYSIS, 2019 - 2032

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY TECHNIQUE- MARKET ANALYSIS, 2019 - 2032

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032

GLOBAL ENDOSCOPIC VESSEL HARVESTING SYSTEMS MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032

Table of Contents

1. Endoscopic Vessel Harvesting Systems Market Overview

2. Executive Summary

3. Endoscopic Vessel Harvesting Systems Key Market Trends

4. Endoscopic Vessel Harvesting Systems Industry Study

5. Endoscopic Vessel Harvesting Systems Market: COVID-19 Impact Analysis

6. Endoscopic Vessel Harvesting Systems Market Landscape

7. Endoscopic Vessel Harvesting Systems Market - By Product Type

8. Endoscopic Vessel Harvesting Systems Market - By Usability

9. Endoscopic Vessel Harvesting Systems Market - By Vessel Type

10. Endoscopic Vessel Harvesting Systems Market - By Technique

11. Endoscopic Vessel Harvesting Systems Market - By Application

12. Endoscopic Vessel Harvesting Systems Market- By Geography

13. Key Vendor Analysis- Endoscopic Vessel Harvesting Systems Industry

14. 360 Degree Analyst View

15. Appendix

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