Endoscopic Vessel Harvesting (EVH) 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.
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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.
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.
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.
Significant Features
that are under Offering and Key Highlights of the Reports:
– Detailed overview of Endoscopic Vessel Harvesting (EVH)
System Market
– Changing market dynamics of the Endoscopic Vessel
Harvesting (EVH) System industry
– In-depth Endoscopic Vessel Harvesting (EVH) System market
segmentation by Type, Application etc
– Historical, current and projected Endoscopic Vessel
Harvesting (EVH) System market size in terms of volume and value
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Report @ https://www.millioninsights.com/industry-reports/endoscopic-vessel-harvesting-evh-system-market
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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