San Francisco, 4 December 2018: The global endoscopic vessel harvesting systems market is expected to reach USD 3.4 billion by 2025,
according to a new report by Grand View Research, Inc. Growing inclination of
the patient population toward minimally invasive cardiac surgeries is one of
the key factors expected to drive the market in the coming few years.
The introduction of endoscopic vessel
harvesting technology in the field of cardiac surgery was a significant
milestone in 1996. According to estimates by the Texas Heart Institute, every
year over 200,000 procedures were performed in the U.S. Also, based on the
statistics published by the department of surgery (Washington University School
of Medicine in St. Louis), they perform Coronary Artery Bypass Grafting (CABG)
surgeries on approximately 0.5 million people very year. The growing demand for
these procedures and technologically advanced surgical procedures are among few
factors anticipated to boost the market over the forecast period.
The presence of favorable reimbursement policies in the
U.S. pertaining to CABG surgeries is anticipated to increase the number these
surgeries. On July 2016, the Department of Health & Human Services
announced that it will begin implementing bundled payment models for
high-quality, coordinated cardiac and hip fracture care. The market is highly
concentrated with a limited number of products and market players operating in
this space. Many studies stated that the open vessels harvesting technique is
as effective as minimally invasive vessels harvesting technique. However, the
growing awareness regarding benefits of Endoscopic Vessels Harvesting (EVH),
such as minimally invasive nature, less complications, and quick recuperation
are some of the factors that are anticipated to propel its growth during the
forecast period.
Access
Research Report of Endoscopic Vessel
Harvesting Systems Market @ www.grandviewresearch.com/industry-analysis/endoscopic-vessel-harvesting-system-market
Further Key Findings From the Report Suggest:
· The global endoscopic vessel harvesting
system market size was estimated at USD 1,881.7 million in 2016 and is expected
to grow at a CAGR of 6.1% from 2017 to 2025
· Reusable EVH systems emerged as the largest
product segment in 2015 and is estimated to generate revenue over USD 2,136.0
million by 2025
· Global disposable EVH systems was USD 639.3
million in 2016 and is anticipated to witness fastest growth over the next 8
years
· The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to various
developments across major economies in the region. The regional market is
expected to grow at a CAGR of 7.7% from 2017 to 2025
· Some of the key players including MAQUET
Holding B.V. & Co. KG; CARDIO MEDICAL GmbH; Terumo Cardiovascular Group;
Med Europe S.r.l. (Elite Life Care); LivaNova plc. (Sorin and Cyberonics); and
Saphena Medical, Inc. dominated the global endoscopic vessels harvesting
systems market.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global endoscopic vessel harvesting systems market on the basis of product and
region:
Endoscopic Vessel Harvesting SystemProduct
Outlook (Revenue, USD Million, 2014 - 2025)
·
Disposable
·
Reusable
Endoscopic Vessel Harvesting SystemRegional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Endoscopic Vessel Harvesting Systems Market@ www.grandviewresearch.com/press-release/global-endoscopic-vessel-harvesting-system-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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