Endoscopic Vessel Harvesting System Market Expected to Bolster Prospects to 2025

Global Endoscopic Vessel Harvesting System Market: Overview

Innovations and technological advancements pertaining to medical devices used in the treatment of cardiovascular ailments have gained pace in the last few years. The advent of endoscopic vessel harvesting (EVH) systems such as coronary artery bypass grafting (CABG) for use in vascular and cardiac surgeries has further bolstered opportunities for medical devices companies. On the back of rising prospects for medical devices sales, the industry is gaining considerable traction from new entrants and start-ups such as Saphena Medical, Inc. Opportunities are highly lucrative for companies who do not shy away from pushing their research and development (R&D) spending.

Endoscopy vessel harvesting systems are mostly used during coronary artery bypass surgery. During the procedure, a surgeon mostly “harvests” healthy blood vessels from other body parts, often arm or leg to create the bypass graft.

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Global Endoscopic Vessel Harvesting System Market: Key Trends

The rising product launches in the last couple of years are indicative of the rising R&D investment by various market players. This alongside the rising grants and investment by government organizations in endoscopic technology is expected to bolster prospects for endoscope vessel harvesting system sales. On back of this, the U.S. represents lucrative opportunities for the overall market.

In addition, recent technological advancements in cardiovascular medical devices will aid the market’s expansion worldwide. Also various organizations such as Heart Valve Surgery Community and Pediatric Congenital Heart Association are working toward spreading awareness about congenital heart ailments. These organizations are engaged in research and development of novel therapeutics as well. Industry leaders are of the view, as surgeons gain knowledge about novel technologies concerning cardiac surgeries, opportunities for sales of endoscopic vessel harvesting systems will ripen. Moreover, with the increasing geriatric population, the demand for these devices is expected to surge, as aged people are more vulnerable to cardiac conditions.

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Global Endoscopic Vessel Harvesting System Market: Market Potential

The global endoscopic vessel harvesting system market has exhibited strong growth in the past few years. While policies adopted by established players are thought as key to forging growth, contributions by start-ups are worth mentioning as well. This said, the market is also gaining traction on back of innovations in the endoscopic vessel harvesting technology.

In February 2017, surgeons at UHG introduced a novel technique intended at improving outcomes for patients undergoing cardiac surgery. Dr. Alan Soo and his team at UHG have introduced a novel method of harvesting veins from a patient’s leg. UHG is the first public hospital in Ireland to offer the surgery. Over the past fortnight, the procedure is conducted in a number of patients. With the latest technological advancements surgeons are able to harvest veins via keyhole techniques in 2 to 3 small incisions that measure lesser than 1 cm using specialized instrument and a video camera. This new technique of endoscopic vein harvesting is intended at reducing patient’s discomfort, lessen chances of wound infection, and ensure better cosmetic effect.

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Global Endoscopic Vessel Harvesting System Market: Regional Outlook

North America currently exhibits the most lucrative opportunities for enterprises operating in the endoscopic vessel harvesting system market. While developed regions will continue offering mainstay, opportunities prevalent in emerging nations such as India, Brazil, and China will grow as well on account of the rising government spending in the healthcare infrastructure. Also these nations report a high growth rate of geriatric population hence cardiovascular ailments. This, combines with the increasing willingness of people to spend in advanced healthcare will boost growth prospects for the market.

Global Endoscopic Vessel Harvesting System Market: Competitive Landscape

Considering opportunities exhibited in the last few years, the global endoscopic vessel harvesting system market exhibits a prevalence of intense competition. However, the vendor landscape has remained fairly concentrated, with a handful of companies holding the lion’s share in the overall market. Some of the prominent companies operating in the global endoscopic vessel harvesting system market are Med Europe S.r.l.; Saphena Medical, Inc.; Terumo Cardiovascular Systems Corporation; Maquet Holding B.V. & Co. KG.; LivaNova plc.; CARDIO MEDICAL GmbH; and OLYMPUS CORPORATION.

Adoption of Novel Devices stokes Demand for Endoscopic Vessel Harvesting System

San Francisco, California, March 07, 2018 – The global endoscopic vessel harvesting system market is foretold in a report by TMR Research to gain from the ever-increasing demand for medical devices. The report, titled “Endoscopic Vessel Harvesting System Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025,” examines each and every aspect that could impact the growth of global endoscopic vessel harvesting market for the 2017- 2025 forecast timeframe. The report provides qualitative and quantitative insights into key market segments and sub-segments. It looks into past performance and current scenario to present market size and revenue estimations of key segments. It analyzes vital market indicators, growth trends, and technological advances that could determine the growth trajectory over the forecast period.

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The rising demand for medical devices for the diagnosis and treatment of several medical conditions is the foremost factor driving the global endoscopic vessel harvesting market. Technological advancements and innovations in medical devices used for cardiovascular disorders have gained pace over the last few years. The advent of novel equipment such as endoscopic vessel harvesting system for coronary artery bypass grafting for the treatment of some cardiac diseases is generally providing opportunities for manufacturers of medical devices. This is attracting start-ups and small players such as Saphena Medica Inc. to foray into this highly lucrative space.

Rising research and development by several market players leading to the introduction of novel products is also benefitting the endoscopic vessel harvesting market. Rising grants and technological expertise by government organizations for endoscopic technology is likely to boost the demand for endoscopic vessel harvesting systems.

In addition, technological advances in cardiovascular medical devices will aid the growth of endoscopic vessel harvesting system market. Initiatives undertaken by governmental and non-governmental organizations such as Pediatric Congenital Heart Association and Heart Valve Surgery Community for spreading awareness about congenital heart diseases is likely to aid the market’s expansion.

Furthermore, with increasing knowledge of surgeons about novel technologies for cardiac surgeries, the demand for endoscopic vessel harvesting systems is likely to rise. Surgeons would use equipment that are manufactured using state-of-the-art technology and are process driven that leaves less room for manual errors. The growing geriatric population worldwide vulnerable to cardiac conditions is also likely stoke demand for endoscopic vessel harvesting systems for specialty surgeries.

The report classifies the global endoscopic vessel harvesting system market into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa by geography. North America currently presents the most lucrative market for companies operating in the endoscopic vessel harvesting system market. While developed regions are likely to continue to offer lucrative opportunities, emerging economies such as India, China, and Brazil are also likely to provide growth opportunities with development of healthcare infrastructure and rising expenditure on medical care. In addition, a growing geriatric population in these nations and willingness of people to opt for advanced healthcare will boost the demand for endoscopic vessel harvesting systems in Asia Pacific and Latin America.

The report detects the global endoscopic vessel harvesting market to be highly competitive. However, the major share is held by a handful of companies which features a high degree of consolidation. Key players in the global endoscopic vessel harvesting market include Med Europe S.r.l, Terumo Cardiovascular Systems Corporation, LivaNova plc, OLYMPUS CORPORATION, Saphena Medical Inc., Maquet Holding B.V. & Co., and CARDIO MEDICAL GmbH.