The global EndoscopicVessel Harvesting System Market size was estimated at USD 1,881.7 million in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period. Increasing incidences of cardiovascular disorders leads to surge in demand for EVH. According to WHO, globally CVD is the leading cause of death. It was estimated that approximately 17.7 million people died from CVD’s in 2015 that represents 31% of all global deaths. In addition, there is a rising prevalence of the risk associated with CVD including obesity, diabetes mellitus, and high blood pressure, which is further expected to boost demand for these devices.
Technological
advancements pertaining to cardiovascular medical devices is one of the pivotal
factors anticipated to propel the growth of the EVH systems. Growing
investments by the major players in this market pertaining to device
upgradation and new product launch is also amongst few factors driving the
demand. For instance, Maquet Cardiovascular LLC launched advanced VASOVIEW Technology
for Endoscopic Vessel procedures in Cardiac Surgery. In addition, increasing
R&D activities with surging number of new product launches is one of the
factor that expected to impel the market growth over forecast period.
Growing
preferance for minimally invasive procedures and cost efficient surgeries is
further boosts demand for EVH systems. Some of the advantages associated with
these devices are minimum recovery time , reducing post surgery infection risk,
and leaves minimal surgery scars. For example, Sorin Group launched the
VascuClear EVH System in 2011, which reduces the patient’s pain, infection
rates, recovery time, and scarring. Also, rising geriatric population and
growing number of awareness programs related to cardiac health contribute to the
demand for EVH system.
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Product Insights
On
the basis of product, the market is segmented as reusable and disposable
endoscopic vessel harvesting systems. The reusable segment held the majority of
the revenue share and was valued at USD 1,242.4 million in 2016. Some of the
key factors such as high commercial availability and maximum adoption of these
devices by the hospitals are some of the key factors that can be accounted for
the major market share. In addition, growing demand for EVH in Coronary Artery
Bypass Graft (CABG) surgeries especially in emerging economies is another
factor rising the demand for EVH systems in the market. Few of the commercially
available products are Venapax Vein Harvesting, Endoperfect systems, VirtuoSaph
plus EVH systems, Endoperfect systems, and Cardiovision EVH systems. Some of
the major players in the market include Terumo Cardiovascular Group; Cardio
Medical GmbH; Saphena Medical; Inc.; and Liva Nova plc.
However,
high cost associated with product maintenance along with rising incidence of
infection is one of the factors that can hamper the growth of reusable systems
in the coming years. Disposable systems tend to increase the market growth
owing to its increasing adoption by the hospitals especially in the emerging
economies. Awareness among the consumers related to disposable devices is also
rising, which is further surging demand for such systems. Some of the products
in this segment include VirtuoSaph EVH systems, ClearGlide, and Vasoview Homo
Pro EVH systems. Few of the major players in the market include Terumo
cardiovascular Group; Sorin Group; and Maquet Holding B.V & Co. KG.
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Regional Insight
North
America dominated the market with the maximum share 39.54% in 2016. Some of the
key factors attributing to the market growth include increase in cardiac
surgeries, high prevalence of heart diseases in the U.S., and availability of
minimally invasive CABG surgeries. According to The University of Michigan,
CABG is the most common type of cardiac surgery performed in the region. In
addition, technological developments in endoscopic equipment, medical camera,
and operating room equipment & supplies market is one of the factors that
drive up the demand for such systems. Furthermore, favorable reimbursement
policies and rising incidences of coronary artery disease among the U.S
population boost up the demand of EVH system in the U.S.
Asia
pacific region is expected to be the fastest growing segment with a CAGR of
7.7% over the forecast period. Factors such as high prevalence of
cardiovascular diseases, growing trend of medical tourism, increasing
disposable income, and rising awareness campaigns propel the growth in the
region. On September, 2016, WHO and United States Centers for Disease Control
and Prevention (US CDC), launched 'Global Hearts' which is an initiative to
prevent and control in countries like India, Thailand, Sri Lanka, Nepal and
Philippines participating in the Asia Pacific region.
Competitive Insights
Some
of the key participants of global EVH system market include, Olympus
Corporation; Maquet Holding B.V. & Co. KG; Terumo Cardiovascular Systems
Corporation; Saphena Medical, Inc.; Medical Instruments S.p.a; LivaNova plc.;
Cardio Medical GmbH; Sorin Group, Inc. and Med Europe S.r.I.
Market Segment:
Endoscopic
Vessel Harvesting System Product Outlook (Revenue, USD Million, 2014 - 2025)
• Disposable
• Reusable
Endoscopic
Vessel Harvesting System Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South
Africa
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