Global Endoscopic Vessel Harvesting Market Size By Product, By Usability, By Vessel Type, By Application, By Geographic Scope And Forecast

Report ID: 27625|No. of Pages: 202

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Global Endoscopic Vessel Harvesting Market Size By Product, By Usability, By Vessel Type, By Application, By Geographic Scope And Forecast

Report ID: 27625|Published Date: May 2024|No. of Pages: 202|Base Year for Estimate: 2024|Format:   Report available in PDF formatReport available in Excel Format

Endoscopic Vessel Harvesting Market Size And Forecast

Endoscopic Vessel Harvesting Market size was valued at USD 462.58 Million in 2024 and is projected to reach USD 599.78 Million by 2031, growing at a CAGR of 3.30% from 2024 to 2031.

Endoscopic Vessel Harvesting Market is estimated to grow at a CAGR of 3.30% & reach US$ 599.78 Mn by the end of 2031

Global Endoscopic Vessel Harvesting Market Drivers

The market drivers for the Endoscopic Vessel Harvesting Market can be influenced by various factors. These may include:

  • Advanced Technology: Better visualisation, minimally invasive methods, and more precision are just a few of the ongoing advancements in EVH technology that make surgeries safer and more successful and propel the market. More broad use of EVH techniques is encouraged by the creation of cutting-edge tools and instruments that enhance their effectiveness and results.
  • Rising Cardiovascular Disease Incidence: Globally increasing rates of cardiovascular illnesses (CVDs) are driving up the need for coronary artery bypass grafting (CABG) operations, which raises the need for EVH treatments. EVH demand is growing in part because of the ageing population and related cardiovascular diseases.
  • Features Above Conventional Techniques: Comparing EVH to conventional open harvesting techniques, it has several benefits including less discomfort after surgery, shorter hospital stays, quicker healing, and less wound problems. Because of these advantages, patients and surgeons favour EVH. Patient choice for EVH is also driven by better cosmetic results from smaller incisions.
  • Converging Preference for Less Invasive Techniques: The healthcare business is moving more and more towards minimally invasive surgical treatments because of its advantages for patient comfort, recovery time, and overall results.
    Minimal invasive procedures like EVH are being used by surgeons and healthcare institutions to satisfy patient demand and increase operational effectiveness.
  • Health Care Costs and Investing: EVH and other modern surgical methods are being adopted in emerging nations in particular due to rising healthcare spending and infrastructural developments. The market is also stimulated by government programmes and financing targeted at enhancing cardiac care and surgical results.
  • Rising Knowledge and Education Initiatives: Awareness of the advantages and methods of EVH among medical practitioners raised by training courses and seminars encourages the use of EVH procedures. Surgeon skill sets are improved by educational programmes and joint ventures between medical equipment makers and healthcare facilities, which propels market expansion.

Global Endoscopic Vessel Harvesting Market Restraints

Several factors can act as restraints or challenges for the Endoscopic Vessel Harvesting Market. These may include:

  • Exorbitant Equipment and Procedure Costs: EVH systems can have unaffordable upfront costs as well as ongoing maintenance costs. This may hinder adoption, particularly in healthcare environments where expenses are tight and in areas where funding for healthcare is scarce.
  • Absence of Skilled Professionals: EVH procedures necessitate certain knowledge and abilities. EVH technology use may be restricted by a lack of medical practitioners with the necessary training to carry out these procedures.
  • Reimbursement Problems: In many areas, the reimbursement guidelines for endoscopic vocal harvesting (EVH) treatments may lack clarity or be less advantageous than those for conventional techniques. This may discourage medical professionals from implementing EVH technology.
  • Regulatory Obstacles: Tight regulations pertaining to the EVH sector may cause delays in the clearance and launch of new products. Adherence to these regulations necessitates a substantial time and resource commitment.
  • Competition from Alternative Methods: Conventional open-water harvesting methods are firmly established and are still in use today. The EVH market’s growth may be constrained by certain surgeons’ and hospitals’ preference for these techniques because of their familiarity and reduced prices.
  • Economic Factors: The adoption of pricey medical technologies like EVH systems might be hampered by economic instability and budgetary limits in healthcare systems, especially in developing nations.
  • Limited Knowledge: Patients and healthcare professionals are not well-informed on the advantages of EVH. This may result in a predilection for more established surgical techniques over more recent, minimally invasive ones, such as EVH.
  • Technological Barriers: One potential obstacle for EVH devices is their complexity and accompanying technical difficulties. It can take a lot of resources to improve usability and results, but innovation and upgrades must be ongoing.
  • Complications and Infection Risks: EVH is a minimally invasive technique, but there are still risks involved, including the possibility of infection and surgical complications. Surgeons may be reluctant to use EVH procedures due to concerns about these dangers.
  • Patient-Specific Factors: Depending on the patient’s general health and the state of their vessels, there may be differences in the suitability of EVH. Traditional approaches could be better in specific situations.

Global Endoscopic Vessel Harvesting Market Segmentation Analysis

The Global Endoscopic Vessel Harvesting Market is Segmented on the basis of Product, Usability, Vessel Type, Application And Geography.

Endoscopic Vessel Harvesting Market Segmentation Analysis

Endoscopic Vessel Harvesting Market, By Product

  • EVH Systems
  • Endoscopes
  • Accessorie

Endoscopic Vessel Harvesting Market, By Usability

  • Disposable
  • Reusable

Endoscopic Vessel Harvesting Market, By Vessel Type

  • Saphenous Vein
  • Radial Artery

Endoscopic Vessel Harvesting Market, By Application

  • Coronary Artery Disease
  • Peripheral Artery Disease

 

Endoscopic Vessel Harvesting Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Key Players

  • Terumo
  • Getinge AB
  • Saphena Medical
  • LivaNova PLC
  • Karl Storz
  • Cardio Medical• Getinge

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Terumo, Getinge AB, Saphena Medical, LivaNova PLC, Karl Storz, Cardio Medical

SEGMENTS COVERED

By Product, By Usability, By Vessel Type, By Application, And By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Research Methodology of Verified Market Research:

Research Methodology of VMR

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

Reasons to Purchase this Report:

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions

Endoscopic Vessel Harvesting Market was valued at USD 462.58 Million in 2024 and is projected to reach USD 599.78 Million by 2031, growing at a CAGR of 3.30% from 2024 to 2031.

Advanced Technology, Rising Cardiovascular Disease Incidence, Features Above Conventional Techniques, Converging Preference for Less Invasive Techniques this are key driving factors for the growth of the Endoscopic Vessel Harvesting Market.

The Major players in the market are Terumo, Getinge AB, Saphena Medical, LivaNova PLC, Karl Storz, Cardio Medical.

The Global Endoscopic Vessel Harvesting Market is Segmented on the basis of Product, Usability, Vessel Type, Application, And Geography.

The sample report for the Endoscopic Vessel Harvesting Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

1 INTRODUCTION OF GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET, BY PRODUCT
5.1 Overview
5.2 EVH Systems
5.3 Endoscopes
5.4 Accessories

6 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET, BY USABILITY
6.1 Overview
6.2 Disposable
6.3 Reusable

7 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET, BY VESSEL TYPE
7.1 Overview
7.2 Saphenous Vein
7.3 Radial Artery

8 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET, BY APPLICATION
8.1 Overview
8.2 Coronary Artery Disease
8.3 Peripheral Artery Disease

9 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East and Africa

10 GLOBAL ENDOSCOPIC VESSEL HARVESTING MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies

11 COMPANY PROFILES

11.1 Terumo
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments

11.2 Getinge AB
11.2.1 Overview
10.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments

11.3 Saphena Medical
10.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments

11.4 LivaNova PLC
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments

11.5 Karl Storz
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments

11.6 Cardio Medical
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments

12 Appendix
12.1 Related Research

Report Research Methodology

Research methodology

Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.

This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.

We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:

Exploratory data mining

Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.

All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.

expert data mining

For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.

Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.

All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
  • Regulatory scenario and expected developments
  • Current capacity and expected capacity additions up to 2027

We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

Primary validation

The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.

The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
  • End consumers

The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Endoscopic Vessel Harvesting Market

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