Endoscopic Vessel Harvesting Market | Size, Share, Application & Future Opportunities

Endoscopic vessel harvesting devices are used to obtain one or more healthy vessels from the patient's leg or arm to use as conduits to bypass obstructed blood vessel in the cardiac or peripheral region. This include EVH systems, endoscopes, and accessories. The global endoscopic vessel harvesting market is projected to reach USD 504.8 Million by 2022 from an estimated USD 406.6 Million in 2016, at a CAGR of 3.7% during the forecast period.

Growth in the market is driven by factors such as increasing prevalence of cardiovascular diseases, growing preference for minimally invasive harvesting owing to advantages it offers over conventional methods, and rising geriatric population.

Objectives of the Study:

To define, describe, and forecast the global endoscopic vessel harvesting market by product, usability, application, vessel type, and regionTo provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall marketTo analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leadersTo forecast size of market segments with respect to the four key regions—North America, Europe, Asia Pacific, and RoWTo analyze the market structure and profile key players of the global market and comprehensively analyze their core competenciesTo analyze the competitive landscape of the major players operating in the market

The market is segmented on the basis of product, usability, vessel type, application, and region. On the basis of product, the global market is segmented into EVH systems, endoscopes, and accessories. The EVH systems segment accounted for the largest share in 2017 and is expected to register the highest CAGR during the forecast period. This can be primarily attributed to the rising adoption of minimally invasive procedures for vessel harvesting and disposable nature of these products.

The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment accounted for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the high burden of cardiovascular diseases (CVDs), the launch of the Hospital Readmissions Reduction Program (HRRP) and Episode-based Payment Models (EPMs), increasing incidence of cardiac diseases, and growing preference for minimally invasive harvesting procedures.

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