Endoscopic Vessel Harvesting Systems Market Insight and Trends 2027
The global Endoscopic Vessel Harvesting Systems market gathered revenue around USD 400 Million in 2020 and market is set to grow USD 650 Million by the end of 2027 and is estimated to expand at a modest CAGR of 2.0% during the prediction period 2021 to 2027.
Growth Factors:
The Market Endoscopic vessel harvesting (EVH) is a minimally-invasive alternative to the conventional open vein harvesting procedure. EVH systems are used to internally view, cut, and seal side veins, and remove the healthy blood vessel from the radial artery or saphenous vein that may be used in conjunction with coronary artery bypass surgery as a graft vessel. Endoscopic vessel harvesting systems are class I devices, which offer reduced post-surgical complications, less pain, decreased length of stay at hospitals, and improved patient satisfaction as compared to open vein harvesting.
In terms of component, the endoscopic vessel harvesting systems segment held a major share of the endoscopic vessel harvesting systems market in 2020. It is likely to maintain its dominance during the forecast period, owing to increase in preference, less post-surgery complications, and shorter hospital stay. In terms of vessel, the saphenous vein segment of the endoscopic vessel harvesting systems market is estimated to account for a major share and expand at a rapid pace during the forecast period. This can be attributed to increased adoption of saphenous veins in coronary artery bypass grafting. In terms of technique, the closed tunnel harvesting segment is anticipated to dominate during the forecast period, as the closed tunnel harvesting technique shows the lowest longitudinal hypertrophy as compared to open tunnel harvesting and the traditional open harvesting technique. In terms of application, coronary artery bypass grafting is estimated to account for a major share, and expand at a rapid pace during the forecast period. This can be attributed to the fact that, this surgery can lower the risk of serious complications for people suffering from obstructive coronary artery disease. In terms of usability, single use is estimated to account for a major share, and expand at a rapid pace during the forecast period, due to more number of products available in the endoscopic vessel harvesting systems market. Endoscopic vein harvesting (EVH) for coronary artery bypass grafting has been proven to be effective in reduced wound complications, without compromising long-term mortality or composite of death, myocardial infarction, and repeat revascularization.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Endoscopic Vessel Harvesting Systems market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Endoscopic Vessel Harvesting Systems market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 650 Million by 2027 |
| Growth Rate | CAR 2.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Segments Covered | Product, synthesis, drug, application, workflow and Region |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Companies Mentioned | Cambrex; Recipharm; Thermo Fisher Pantheon; Corden Pharma; Samsung Biologics; Lonza; Catalent; Siegfried; Piramal Pharma Solutions; Boehringer Ingelheim |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Endoscopic Vessel Harvesting Systems market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Insights
Endoscopic Vessel Harvesting Systems Market: Prominent Regions
North America held a major share of the global endoscopic vessel harvesting systems market in 2020. The market in the region is estimated to expand at a rapid CAGR during the forecast period. The market is primarily driven by factors such as increase in the prevalence of cardiovascular diseases, including coronary artery disease, highly structured healthcare industry, and availability of well-defined reimbursement policies from private and public health insurance firms. In addition, increase in the adoption of new technologies related to endoscopic vessel harvesting systems along with high awareness among people, and a large number of players in the market in North America focusing on R&D activities are reasons that are responsible for driving the endoscopic vessel harvesting systems market. Thereby, this is likely to result in high growth of the market in North America during the forecast period. Asia Pacific is estimated to represent prominent growth in the global endoscopic vessel harvesting systems market. Asia Pacific is a relatively untapped market than developed regions. Hence, the region presents immense growth opportunities to the market. Major factors such as high prevalence of cardiovascular diseases, rise in geriatric population, increase in the patient population, growing healthcare industry, and rise in awareness are surging the growth of the endoscopic vessel harvesting systems market in the region. Europe held the second-largest market share in 2018. Well-developed healthcare infrastructure and increase in surgical procedures are the factors responsible for driving the endoscopic vessel harvesting systems market in the region. The markets in the Middle East & Africa and Latin America are projected to experience moderate growth in the near future.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Endoscopic Vessel Harvesting Systems Market include: Getinge AB, LivaNova PLC, Terumo Corporation, Saphena Medical, Inc., KARL STORZ, and Med Europe S.r.l.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Endoscopic Vessel Harvesting Systems Market by Component
Endoscopic Vessel Harvesting Systems Market by Vessel
Endoscopic Vessel Harvesting Systems Market by Technique
Endoscopic Vessel Harvesting Systems Market by Application
Endoscopic Vessel Harvesting Systems Market by Usability
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Endoscopic Vessel Harvesting Systems market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Endoscopic Vessel Harvesting Systems market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Endoscopic Vessel Harvesting Systems markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Endoscopic Vessel Harvesting Systems market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers