Global Endoscopic Vessel Harvesting Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Product;
EVH Systems, Endoscopes, and Accessories.By Application;
Coronary Artery Disease (CAD) and Peripheral Artery Disease (PAD).By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Endoscopic Vessel Harvesting Systems Market (USD Million), 2020 - 2030
In the year 2023, the Global Endoscopic Vessel Harvesting Systems Market was valued at USD 3,615.55 million. The size of this market is expected to increase to USD 4,725.89 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.
The global endoscopic vessel harvesting systems market has experienced significant growth in recent years, driven by advancements in minimally invasive surgical techniques and increasing prevalence of cardiovascular diseases. Endoscopic vessel harvesting (EVH) systems have revolutionized the process of harvesting veins and arteries for coronary artery bypass grafting (CABG) procedures by offering several advantages over traditional open harvesting methods, including reduced postoperative complications, shorter recovery times, and improved patient outcomes.
As the demand for coronary artery bypass grafting procedures continues to rise due to the growing burden of cardiovascular diseases worldwide, there is a parallel increase in the adoption of endoscopic vessel harvesting systems by healthcare providers. Technological innovations such as the development of robotic-assisted EVH systems and the integration of advanced imaging technologies have further propelled market growth by enhancing the precision and efficiency of vessel harvesting procedures.
Key market players are increasingly focusing on research and development activities to introduce next-generation endoscopic vessel harvesting systems with enhanced features such as improved ergonomics, better visualization capabilities, and compatibility with various surgical techniques. Additionally, strategic collaborations, mergers, and acquisitions are shaping the competitive landscape of the global EVH systems market, as companies aim to expand their product portfolios and strengthen their market presence.
Global Endoscopic Vessel Harvesting Systems Market Recent Developments & Report Snapshot
Recent Developments:
- In September 2022, Terumo Cardiovascular opened its newest manufacturing plant in La Lima, Cartago, Costa Rica.
- In January 2022, Getinge recognized some of the most dedicated clinicians in North America performing endoscopic vessel harvesting (EVH) procedures by membership in the Getinge EVH Circle of Excellence.
Parameters | Description |
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Market | Global Endoscopic Vessel Harvesting Systems Market |
Study Period | 2020 - 2030 |
Base Year (for Global Endoscopic Vessel Harvesting Systems Market Size Estimates) | 2023 |
Drivers |
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Restriants |
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Opportunities |
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Segment Analysis
The product segment encompasses various types of endoscopic vessel harvesting systems used in medical procedures. These systems are designed to facilitate the harvesting of blood vessels with minimally invasive techniques, reducing patient discomfort and post-operative complications. Within the application segment, the report examines the diverse medical applications of endoscopic vessel harvesting systems. This includes their utilization in coronary artery bypass grafting (CABG) surgeries, peripheral artery bypass surgeries, and other vascular procedures. Endoscopic vessel harvesting systems play a crucial role in these applications by enabling surgeons to obtain high-quality grafts while minimizing trauma to the patient's body.
Geographically, the market is analyzed across different regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Each region presents unique opportunities and challenges for the endoscopic vessel harvesting systems market, influenced by factors such as healthcare infrastructure, regulatory environment, and prevalence of cardiovascular diseases. The report provides insights into market dynamics, including drivers, restraints, opportunities, and challenges shaping the growth of the endoscopic vessel harvesting systems market. Factors such as the increasing prevalence of cardiovascular diseases, rising demand for minimally invasive surgical techniques, technological advancements in endoscopic harvesting systems, and growing awareness about the benefits of these systems among healthcare professionals are driving market growth.
Global Endoscopic Vessel Harvesting Systems Segment Analysis
In this report, the Global Endoscopic Vessel Harvesting Systems Market has been segmented by Product, Application and Geography.
Global Endoscopic Vessel Harvesting Systems Market, Segmentation by Product
The Global Endoscopic Vessel Harvesting Systems Market has been segmented by Product into EVH Systems, Endoscopes, and Accessories.
The Global Endoscopic Vessel Harvesting Systems Market is segmented by product into EVH Systems, Endoscopes, and Accessories. Endoscopic vessel harvesting (EVH) systems have gained significant traction in recent years due to their minimally invasive nature and the associated benefits for patients undergoing coronary artery bypass graft (CABG) surgery. EVH systems enable surgeons to harvest veins or arteries required for grafting with greater precision and efficiency compared to traditional open harvesting techniques.
EVH systems comprise specialized instruments and equipment designed to facilitate the harvesting process. These systems typically include video monitors, cameras, insufflators, and specialized instruments such as dissectors and retractors. They offer improved visualization, enhanced maneuverability, and reduced trauma to the harvested vessels, resulting in shorter recovery times and better outcomes for patients. Endoscopes are another crucial component of the endoscopic vessel harvesting process. These are medical devices equipped with a camera and light source that allow surgeons to visualize the interior of blood vessels and surrounding tissues during the harvesting procedure. Endoscopes come in various configurations, including straight, angled, and flexible models, to accommodate different anatomical requirements and surgical approaches.
Accessories play a vital role in supporting the functionality of EVH systems and endoscopes. These may include disposable or reusable components such as trocars, cannulas, forceps, and suction devices. Accessories are designed to facilitate vessel dissection, manipulation, and extraction while maintaining a sterile surgical environment and ensuring patient safety. The market for endoscopic vessel harvesting systems is driven by several factors, including the increasing prevalence of cardiovascular diseases, the growing adoption of minimally invasive surgical techniques, and advancements in endoscopic technology. EVH systems offer benefits such as reduced surgical trauma, shorter hospital stays, and faster recovery times, driving their adoption among surgeons and healthcare facilities worldwide.
Global Endoscopic Vessel Harvesting Systems Market, Segmentation by Application
The Global Endoscopic Vessel Harvesting Systems Market has been segmented by Application into Coronary Artery Disease (CAD) and Peripheral Artery Disease (PAD).
The Global Endoscopic Vessel Harvesting Systems Market has witnessed substantial growth in recent years, primarily driven by advancements in medical technology and the increasing prevalence of cardiovascular diseases worldwide. One of the key factors contributing to this growth is the segmentation of the market by application, particularly into Coronary Artery Disease (CAD) and Peripheral Artery Disease (PAD). Coronary Artery Disease (CAD) is a leading cause of morbidity and mortality globally, characterized by the narrowing or blockage of coronary arteries that supply blood to the heart muscle. Patients with CAD often require coronary artery bypass grafting (CABG) surgery to restore blood flow to the heart. Endoscopic vessel harvesting systems play a crucial role in CABG procedures by enabling the minimally invasive retrieval of blood vessels, such as the saphenous vein or radial artery, for use as grafts. The demand for endoscopic vessel harvesting systems in CAD applications is driven by the rising prevalence of CAD and the increasing adoption of minimally invasive surgical techniques.
Peripheral Artery Disease (PAD) refers to the narrowing or blockage of arteries outside the heart, typically affecting the arteries that supply blood to the limbs. PAD can lead to symptoms such as leg pain, cramping, and reduced mobility, and in severe cases, it may result in limb ischemia or limb loss. Patients with PAD may require surgical interventions, such as peripheral artery bypass grafting or peripheral vascular bypass surgery, to restore blood flow to the affected limbs. Endoscopic vessel harvesting systems are increasingly being used in PAD applications to facilitate the minimally invasive retrieval of autologous veins or arteries for bypass grafting procedures. The growing prevalence of PAD, coupled with the advantages of minimally invasive surgery in improving patient outcomes and reducing recovery times, is driving the demand for endoscopic vessel harvesting systems in PAD applications.
Global Endoscopic Vessel Harvesting Systems Market, Segmentation by Geography
In this report, the Global Endoscopic Vessel Harvesting Systems Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Endoscopic Vessel Harvesting Systems Market Share (%), by Geographical Region, 2023
North America has historically been a dominant market for endoscopic vessel harvesting systems, attributed to well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and a large patient pool suffering from cardiovascular diseases. Moreover, the presence of key market players and extensive research and development activities contribute to the growth of this region.
Europe also holds a substantial share in the global endoscopic vessel harvesting systems market, driven by factors such as the increasing geriatric population, rising prevalence of chronic diseases, and favorable reimbursement policies. Additionally, initiatives promoting minimally invasive surgeries and technological advancements in healthcare facilities further propel market growth in this region.
The Asia Pacific region is witnessing rapid growth in the adoption of endoscopic vessel harvesting systems, fueled by improving healthcare infrastructure, rising healthcare expenditure, and growing awareness about the benefits of minimally invasive procedures among both patients and healthcare providers. Moreover, the presence of a large patient pool and increasing investments by key market players in emerging economies contribute to market expansion in this region.
In the Middle East and Africa region, the market for endoscopic vessel harvesting systems is expected to experience steady growth, supported by initiatives aimed at improving healthcare infrastructure, rising prevalence of cardiovascular diseases, and increasing government expenditure on healthcare. However, factors such as limited access to advanced medical facilities and economic challenges may hinder market growth to some extent.
Latin America represents another emerging market for endoscopic vessel harvesting systems, driven by factors such as rising healthcare expenditure, improving access to healthcare services, and growing awareness about minimally invasive surgical techniques. Additionally, government initiatives aimed at improving healthcare infrastructure and addressing the burden of cardiovascular diseases contribute to market growth in this region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Endoscopic Vessel Harvesting Systems Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers:
- Minimally Invasive Surgery Trend
- Technological Advancements
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Increasing Cardiovascular Disease Burden - One of the primary manifestations of CVDs is coronary artery disease (CAD), characterized by the narrowing or blockage of coronary arteries due to the buildup of plaque—a combination of cholesterol, fat, and other substances. CAD can lead to various complications, including angina (chest pain), myocardial infarction (heart attack), and even sudden cardiac death. With the prevalence of risk factors such as unhealthy diets, sedentary lifestyles, tobacco use, obesity, and diabetes on the rise, the incidence of CAD and other cardiovascular conditions continues to escalate.
Endoscopic vessel harvesting systems play a crucial role in coronary artery bypass grafting (CABG) surgery, which is a common treatment for CAD and other forms of coronary artery disease. CABG surgery involves bypassing blocked or narrowed coronary arteries by grafting blood vessels from other parts of the body, such as the saphenous vein from the leg or the radial artery from the arm, to create alternate pathways for blood flow to the heart muscle. Endoscopic vessel harvesting systems enable minimally invasive harvesting of these blood vessels, offering several advantages over traditional open harvesting techniques.
Minimally invasive techniques also contribute to lower rates of postoperative complications, including wound infections, pain, and scarring, leading to improved patient outcomes and satisfaction. Endoscopic vessel harvesting systems facilitate greater precision and accuracy in vessel harvesting, ensuring the optimal length and quality of grafts for CABG procedures.There is a parallel increase in the demand for endoscopic vessel harvesting systems, driven by the need for minimally invasive, efficient, and patient-friendly approaches to vessel harvesting in cardiac surgery. This trend is further reinforced by ongoing technological advancements, such as the development of advanced imaging systems, robotic-assisted techniques, and integrated navigation platforms, which enhance the capabilities and outcomes of endoscopic vessel harvesting procedures.
Restraints:
- High Cost
- Lack of Skilled Professionals
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Limited Awareness and Acceptance - One key factor contributing to this restraint is the traditional reliance on open surgical techniques for vessel harvesting. Many healthcare professionals are accustomed to conventional open harvesting methods and may be hesitant to adopt newer, minimally invasive techniques such as EVH. Additionally, there may be a perception among surgeons that EVH procedures are more complex or time-consuming, leading to reluctance to incorporate these systems into their surgical practice.
Limited awareness of the benefits of EVH among patients can also hinder the adoption of these systems. Patients may be unfamiliar with the concept of minimally invasive vessel harvesting and may prefer the perceived safety and familiarity of traditional open surgical approaches. In some cases, patients may not even be aware that EVH is an option for their surgery, leading to missed opportunities for its implementation.
Another contributing factor to the limited acceptance of EVH systems is the initial investment required for hospitals to acquire and implement these technologies. While EVH systems have been shown to offer long-term cost savings due to reduced postoperative complications and shorter hospital stays, the upfront costs associated with purchasing and training personnel on these systems can be a barrier for healthcare institutions, especially those with limited financial resources.
Challenges related to training and education may impact the adoption of EVH systems. Healthcare professionals require specialized training to perform endoscopic vessel harvesting effectively, and ongoing education is needed to stay updated on the latest techniques and best practices. However, access to comprehensive training programs may be limited, particularly in regions with fewer resources or in smaller healthcare facilities.
Opportunities:
- Rising Prevalence of Cardiovascular Diseases
- Aging Population
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Increasing Healthcare Expenditure - The global endoscopic vessel harvesting systems market is experiencing notable growth, and one significant contributing factor is the increasing healthcare expenditure worldwide. As healthcare spending continues to rise, particularly in developed and emerging economies, there is a corresponding increase in demand for advanced medical devices and technologies, including endoscopic vessel harvesting systems.
Endoscopic vessel harvesting systems are used in minimally invasive procedures to harvest veins or arteries from a patient's body for coronary artery bypass grafting (CABG) surgeries. These systems offer several advantages over traditional open harvesting methods, including reduced patient trauma, faster recovery times, and lower risk of complications such as wound infections. As a result, they are increasingly being adopted by healthcare providers seeking to improve patient outcomes and reduce healthcare costs associated with post-operative care.
The growing healthcare expenditure is driven by various factors, including population aging, the rising prevalence of chronic diseases such as cardiovascular diseases, and increasing healthcare infrastructure development. Governments and private healthcare organizations are investing heavily in upgrading medical facilities, procuring advanced medical equipment, and training healthcare professionals to meet the growing demand for quality healthcare services. Advancements in medical technology, including endoscopic vessel harvesting systems, are fueling further investment in healthcare infrastructure and services. Healthcare providers are keen to adopt innovative medical devices that offer superior clinical outcomes, enhance patient experience, and optimize resource utilization. Endoscopic vessel harvesting systems, with their potential to streamline surgical procedures and improve patient outcomes, are thus becoming an integral part of modern cardiovascular surgery practices.
Competitive Landscape Analysis
Key players in Global Endoscopic Vessel Harvesting Systems Market include:
- Getinge AB
- Terumo Corporation
- LivaNova PLC
- Medical Instruments Spa
- KARL STORZ SE & Co. KG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Endoscopic Vessel Harvesting Systems Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Minimally Invasive Surgery Trend
-
Technological Advancements
-
Increasing Cardiovascular Disease Burden
-
- Restraints
-
High Cost
-
Lack of Skilled Professionals
-
Limited Awareness and Acceptance
-
- Opportunities
-
Rising Prevalence of Cardiovascular Diseases
-
Aging Population
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Increasing Healthcare Expenditure
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Endoscopic Vessel Harvesting Systems Market, By Product, 2022 - 2032 (USD Million)
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EVH Systems
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Endoscopes
-
Accessories
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- Global Endoscopic Vessel Harvesting Systems Market, By Application, 2022 - 2032 (USD Million)
-
Coronary Artery Disease (CAD)
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Peripheral Artery Disease (PAD)
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- Global Endoscopic Vessel Harvesting Systems Market, By Geography, 2022 - 2032 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Endoscopic Vessel Harvesting Systems Market, By Product, 2022 - 2032 (USD Million)
- Competitive Landscape
- Company Profiles
- Getinge AB
- Terumo Corporation
- LivaNova PLC
- Medical Instruments Spa
- KARL STORZ SE & Co. KG
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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