The global endoscopic vessel harvesting system market size is projected to be US$ 746.1 million by 2033. The market is expected to grow at a CAGR of 3.7% through 2033. The current market valuation is US$ 520.4 million in 2023.
| Attributes | Details |
|---|---|
| Endoscopic Vessel Harvesting System Market Size (2022) | US$ 505.7 million |
| Estimated Market Size (2023) | US$ 520.4 million |
| Projected Market Size (2033) | US$ 746.1 million |
| Value-based CAGR (2023 to 2033) | 3.7% |
Key Market Highlights
Revenue Generation to Amplify with a Steady CAGR
Historically, the endoscopic vessel harvesting system industry grew at a CAGR of 2.3% from 2018 to 2022. The CAGR of the market is projected to expand by 1.4% by 2033. An increased frequency of cardiovascular diseases due to the increasing aging population is creating greater demand for cardiac and vascular procedures. Endoscopic vessel harvesting systems are crucial tools in these treatments, signifying a need in the market. Emerging market healthcare infrastructure advancements make these systems more accessible, which raises demand. During surgery, systems with data analytics and predictive capabilities offer helpful insights. Using data to inform decisions, surgeons may be able to improve patient outcomes and promote adoption.
Minimally Invasive Procedures Magnify Efficacy of Cardiovascular & Vascular Surgeries
A key trend in the endoscopic vessel harvesting systems market is the popularity of minimally invasive procedures. Endoscopic vessel harvesting systems are key components of the paradigm shift in surgical techniques that minimally invasive procedures represent. Long recovery durations, increased patient discomfort, and a higher risk of postoperative problems have historically been associated with open surgeries for cardiac and vascular treatments. However, the development of minimally invasive treatments, made possible by devices like endoscopic vessel harvesters, has completely changed the way surgeries are performed.
By minimizing the need for prolonged post-operative care and hospitalization, minimally invasive operations, supported by endoscopic vascular harvesting devices, have improved patient comfort and results and decreased healthcare expenditures. As a result, the market for endoscopic vessel harvesting systems is growing significantly, influencing how cardiovascular and vascular surgeries will be performed in the future.
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| Attributes | Details |
|---|---|
| Endoscopic Vessel Harvesting System Market Size (2018) | US$ 461.73 million |
| Endoscopic Vessel Harvesting System Market Size (2022) | US$ 505.7 million |
| Historical CAGR (2018 to 2022) | 2.3% |
In recent years, the concepts of precision medicine have grown more prevalent, possibly impacting the advancement of endoscopic vessel harvesting systems. Incorporating genetic and molecular information into these systems has allowed for the individualization of transplant selection and harvesting procedures for patients, hence improving outcomes. Additionally, the COVID-19 epidemic has sped up the use of telemedicine and remote surgery. Endoscopic vessel harvesting systems have potentially been modified to enable surgeons to conduct operations remotely, lowering the requirement for physical presence in the operating theater and increasing their use in underserved areas.
The practice of combining minimally invasive and conventional surgical techniques in hybrid operations is anticipated to become more popular in the upcoming years. These flexible strategies will heavily rely on endoscopic vessel harvesting technologies. Heart surgery is one area where hybrid methods are frequently used. For some vessels, surgeons may use minimally invasive Coronary Artery Bypass Grafting (CABG), but for others, they may use open surgery. Endoscopic harvesting is frequently used to retrieve the vital harvested vessels for a bypass, causing the patient as little pain as possible. The growth prospect of the coronary artery bypass graft (CABG) amplifies endoscopic vessel harvesting system market revenue.
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Principal Consultant
In 2022, the reusable product type segment gained 65.7% of the endoscopic vessel harvesting system market shares. Several important variables contribute to the growing demand for reusable endoscopic vessel harvesting devices.
| Segment | Reusable |
|---|---|
| Value Share (2022) | 65.7% |
The main benefit of these systems is their long-term cost-effectiveness. Although they might require a larger initial investment, the lower cost per surgery makes them a financially appealing choice for healthcare organizations, especially those doing a lot of surgeries. Their affordability serves as a strong motivator for adoption.
Reusable systems' compatibility with environmental goals is vital to boosting their acceptance. Healthcare facilities are actively looking for solutions to lessen their ecological footprint in a time of rising environmental awareness. Reusable systems are an environmentally friendly option supporting sustainability goals because they produce less medical waste and use fewer resources in manufacturing.
North America’s endoscopic vessel harvesting system market captured 39.8% shares worldwide in 2022.
| Region | North America |
|---|---|
| Value Share (2022) | 39.8% |
Innovation in medical technology is centered in North America. Endoscopic vessel harvesting technology has continuously improved in the region, with features driven by AI, robotics integration, and improved imaging. North American surgeons have access to cutting-edge instruments that boost surgical precision, which has encouraged adoption. The FDA (Food and Drug Administration) in the United States and Health Canada are two regulatory authorities in North America with strict yet clear clearance procedures. Endoscopic vessel harvesting systems' legitimacy is increased, and adoption is facilitated by these regulatory bodies' approval and support.
In 2022, Europe’s endoscopic vessel harvesting systems market acquired 31.2% shares globally.
| Region | Europe |
|---|---|
| Value Share (2022) | 31.2% |
Cardiovascular disorders like coronary artery disease and peripheral vascular disease are becoming more prevalent in Europe. There is a constant need for cardiac and vascular procedures as the population ages, and risk factors connected to lifestyle continue to exist. These treatments require endoscopic vascular harvesting technologies, which helps the market expand. In Europe, sustainability in healthcare is highly valued. Reusable endoscopic vessel harvesting devices support these sustainability goals because they produce less medical waste and have a smaller negative impact on the environment.
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| Countries | Value CAGR (2022) |
|---|---|
| India | 3.9% |
| Australia | 3.5% |
| Germany | 6.2% |
| China | 4.8% |
| Japan | 3.7% |
In 2022, India’s endoscopic vessel harvesting system market expanded at a 3.9% CAGR. India has become a well-known destination for medical tourism, drawing people from all over the world in search of high-quality and affordable healthcare. The availability of cutting-edge technologies, such as endoscopic vessel harvesting devices increases India's attraction as a center for medical tourism. The Indian government has started programs to enhance infrastructure and access to healthcare, including funding for cutting-edge medical technologies. These programs establish an atmosphere that is favorable for the market growth of endoscopic vessel harvesting systems.
In 2022, Australia’s endoscopic vessel harvesting system market expanded at a 3.5% CAGR. Modern hospitals, cardiac centers, and cutting-edge surgical facilities may be found in Australia, which has a highly developed healthcare system. The adoption of cutting-edge medical technologies, such as endoscopic vessel harvesting devices, is supported by this solid infrastructure. Healthcare in Australia is increasingly emphasizing sustainability and minimizing medical waste. These sustainability initiatives are compatible with reusable endoscopic vessel harvesting devices. International organizations and healthcare providers frequently work with Australian healthcare institutions to exchange expertise and technology. Such partnerships encourage the use of cutting-edge medical tools and promote the endoscopic vessel harvesting devices market.
Germany’s endoscopic vessel harvesting system market expanded at a 6.2% CAGR in 2022. Germany is renowned around the world for being a leader in the fields of healthcare, research, and medical technology. This reputation draws investments and creates an environment conducive to the market's growth for endoscopic vessel harvesting systems. Numerous prestigious research institutes, medical schools, and educational facilities are located in Germany. These organizations actively work on medical technology research, development, and education, which promotes the use of endoscopic vessel harvesting systems. In Germany, patients are learning more about cutting-edge surgical choices, such as minimally invasive procedures. Patient demand for operations employing endoscopic vessel harvesting systems continues to rise as an effect of this enhanced awareness.
In 2022, China’s endoscopic vessel harvesting system market expanded at a 4.8% CAGR. Cardiovascular disorders, such as coronary artery disease and peripheral vascular disease, are becoming considerably more prevalent in China. The prevalence of these disorders is rising, increasing the need for cardiac and vascular procedures. Lifestyle-related risk factors such as urbanization, dietary change, and urbanization all play an influential part in boosting the endoscopic vascular harnessing systems market. Systems for collecting endoscopic vessels are crucial in these treatments and help expand the market. Due to shorter hospital stays, fewer post-operative problems, and cost-effectiveness, China's healthcare system frequently promotes minimally invasive operations, including those made possible by endoscopic vascular harvesting systems.
In 2022, Japan’s endoscopic vessel harvesting system market expanded at a 3.7% CAGR. Ongoing healthcare reforms in Japan aim to make healthcare services more easily accessible and effective. This reform plan includes implementing cutting-edge medical technologies, such as endoscopic vessel harvesting systems. Given that Japan has one of the world's highest life expectancies, much emphasis is placed on healthcare spending. The health of an aging population is said to depend on investments in cutting-edge medical technology and equipment.
The competitive environment is characterized by ongoing innovation as businesses attempt to create more sophisticated and user-friendly systems. Collaboration between healthcare organizations, research organizations, and healthcare experts is typical to advance product development and improvement. In this niche medical device sector, regulatory compliance and adherence to quality standards are crucial in defining a company's success and reputation.
Recent Developments in the Endoscopic Vessel Harvesting System Market
The endoscopic vessel harvesting system market is valued at US$ 520.4 million in 2023.
The endoscopic vessel harvesting system market will rise at a 3.7% CAGR through 2033.
The market is expected to be valued at US$ 746.1 million by 2033.
The Reusable product type segment leads the endoscopic vessel harvesting system market.
In 2022, Germany’s endoscopic vessel harvesting system market rose at a 6.2% CAGR.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
5.3.1. Disposable
5.3.2. Reusable
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Western Europe
6.3.4. Eastern Europe
6.3.5. South Asia and Pacific
6.3.6. East Asia
6.3.7. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. The USA
7.2.1.2. Canada
7.2.2. By Product Type
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Product Type
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Product Type
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Type
8.4. Key Takeaways
9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Rest of Western Europe
9.2.2. By Product Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.4. Key Takeaways
10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Poland
10.2.1.2. Russia
10.2.1.3. Czech Republic
10.2.1.4. Romania
10.2.1.5. Rest of Eastern Europe
10.2.2. By Product Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.4. Key Takeaways
11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Bangladesh
11.2.1.3. Australia
11.2.1.4. New Zealand
11.2.1.5. Rest of South Asia and Pacific
11.2.2. By Product Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Product Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Product Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Product Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Product Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Product Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Product Type
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Product Type
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Product Type
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Product Type
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Product Type
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Product Type
14.10. Poland
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Product Type
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Product Type
14.12. Czech Republic
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Product Type
14.13. Romania
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Product Type
14.14. India
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Product Type
14.15. Bangladesh
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Product Type
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Product Type
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Product Type
14.18. China
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Product Type
14.19. Japan
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Product Type
14.20. South Korea
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Product Type
14.21. GCC Countries
14.21.1. Pricing Analysis
14.21.2. Market Share Analysis, 2022
14.21.2.1. By Product Type
14.22. South Africa
14.22.1. Pricing Analysis
14.22.2. Market Share Analysis, 2022
14.22.2.1. By Product Type
14.23. Israel
14.23.1. Pricing Analysis
14.23.2. Market Share Analysis, 2022
14.23.2.1. By Product Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Maquet Holding B.V. & Co. KG.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. OLYMPUS CORPORATION
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Terumo Cardiovascular Systems Corporation.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Med Europe S.r.l.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Sorin Group Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Saphena Medical, Inc
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Terumo Cardiovascular Systems Corporation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. LivaNova
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Cardio Medical
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Medical Instruments Spa
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Endoscopic Vessel Harvesting System Market
