The latest market report published by Credence Research, Inc. “Global Endoscopic Vessel Harvesting System Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023,” the global endoscopic vessel harvesting system market was valued at USD 1,788.2 Mn in 2015, and is expected to reach USD 3,023.9 Mn by 2023, expanding at a CAGR of 6.7% from 2016 to 2023.
Market Insights
Introduction of endoscopic vessel harvesting (EVH) in 1996 turned-out to be a significant breakthrough in the field of modern cardiac surgery and since then it has evolved into a more precise and accurate cardiac surgery system. EVH has made cardiac surgery less invasive, safer and also promotes earlier recovery. Since its introduction EVH has captured a significant position in standard critical care with approximately 80% of coronary artery bypass grafting procedures in the U.S. are performed using EVH, where EVH is already considered as a standard of care. Clinical evidences report that EVH procedures result in less muscle and tissue damage, and thus reduce surgical trauma to the patients, reduces the risk of infection along with that of wound healing complications. Along with the documented short-term benefits of EVH, several studies have also reported on the quality of harvested vessel for bypass. A number of studies has established equivalent graft patency with open vessel harvesting (OVH). Overall, the EVH market is specifically concentrated in nature, with a limited number of products in circulation. Such commercially available systems are equipped with proprietary technologies and methods of operation.
Browse the full report Global Endoscopic Vessel Harvesting System Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023 report at http://www.credenceresearch.com/report/endoscopic-vessel-harvesting-systems-market
Inclination towards use of minimally invasive techniques, is the major driving factor for EVH market, other benefits includes less scaring, less risk of infection. With evolving techniques and technology leading to reduction in learning curve for surgeon, which has led to surgeon to introduce this technique in standard clinical practice. Thus with rising prevalence cardiovascular disease in geriatric population, along with acceptance of the technology by the surgeon, will give boost to the endoscopic vessel harvesting system market. Overall, the EVH market is specifically concentrated in nature, with a limited number of products in circulation. Such commercially available systems are equipped with proprietary technologies and methods of operation. Based on the type of brand, the Global Endoscopic Vessel Harvesting Systems Market is segmented as follows:
· VirtuoSaph Plus
· MAQUET EVH Systems
· VascuClear
· Cardio Vision
· Venapax
· Endoperfect System
North America and Europe are the earliest adopters of EVH systems and procedures. With the increasing healthcare expenditure and growing investment over healthcare infrastructure, Asia Pacific and Latin America are estimated to emerge highly lucrative in the coming years. Southeast Asia region is regarded among the best medical hubs in Asia Pacific. Collectively, India, Singapore and Thailand account for more than 80% of the global medical tourism; thus, the medical sector in the countries is transforming rapidly thereby generating demand for advanced systems such as EVH systems
Market Competition Assessment:
This market is highly concentrated and competitive with limited number of companies operating. Key players in the global EVH systems market are MAQUET Holdings, Terumo Corporation, LivaNova plc., Med Europe S.r.l., and Cardio Medical GmbH.
Key Market Movements:
Growing preference for minimally invasive procedures
Technological evolution has played a significant role in allowing stability to EVH market. Since its introduction, EVH technology has undergone several transformations and the manufacturers have introduced refinements to make EVH procedures easier, faster and safer.
Further growth in awareness about benefits offered by EVH such as overall cost saving, equal efficacy as of open harvesting, quick recuperation, etc. will lead to growth in demand for EVH systems in developing economies.
The key factors responsible for significant growth of EVH systems market in is due to factors such as high growth of geriatric population and awareness programs among surgeons, rising prevalence of cardiovascular diseases and high demand for minimally invasive and cost efficient surgery
Browse the full report Global Endoscopic Vessel Harvesting System Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2023 report at http://www.credenceresearch.com/report/endoscopic-vessel-harvesting-systems-market
Latest Reports:
Breast Biopsy Devices Market By Products (Needle Based Biopsy Guns, Biopsy Guidance Systems, Biopsy Forceps, Biopsy Needles), Type (Fine Needle Aspiration, Core Needle, Vacuum Assisted Breast, Incisional And Excisional), Guidance Modality (Stereotactic X-Ray, Ultrasound, MRI, Without Imaging) – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022
Medical Imaging Equipment Market By Product Type (X-Ray Devices, Ultrasound Systems, Computer Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Equipment, Nuclear Imaging Equipment), By Technology (X-Ray Devices, Ultrasound Systems, Computer Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Equipment, Nuclear Imaging Equipment) – Growth, Share, Opportunities & Competitive Analysis, 2016 – 2022
Injection Molded Plastic Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2022
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: Credence Research
The post Endoscopic Vessel Harvesting System Market is expected to reach USD 3,023.9 Mn by 2023, Credence Research appeared first on PDF Devices – eReaders and Tablets.
ReleaseID: 8327
