Global Endoscopic Vessel Harvesting (EVH) System Market Growth, Trends and Forecasts
Endoscopic Vessel Harvesting (EVH) technique has gained a lot of popularity amongst physicians & surgeons in the last few years. This has been majorly due to various advantages of this technique such as less scarring, low risk of complications & infections, less hospital visits, shorter length of stay and added cost-benefits. DecisionDatabases.com adds a new research report on "Global Endoscopic Vessel Harvesting System Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast". The report does an in-depth study of the current market dynamics and future projections using analytical tools such as Porter’s Five Forces Model, value chain analysis, market attractiveness analysis, company share analysis, and brand share analysis.
Endoscopic vessel harvesting is a surgical procedure performed just before bypass surgery or coronary artery bypass grafting by taking healthy blood vessels from other parts of the human body to bypass the blockage of the heart arteries. This technique is less invasive and the incision is done with single, small one-inch cut to offer a less painful experience for the patient. It also offers a very fast recovery as compare to other conventional procedure.. With the increasing incidences of coronary diseases, rising aging population and growing initiatives towards awareness among surgeons, the endoscopic vessel harvesting system market is expected to drive uphill in the near future. Additionally, rapid technological
advancement & constant innovation in the field of coronary artery bypass grafting (CABG) has opened up new market opportunities for the growth of the technique in the forthcoming years. However, a dearth of the skilled professionals, unfavorable reimbursement regulations and the threat from alternative therapies are major restraints, which may hamper the growth of the market over the coming years.
The major share of the market is dominated by North America and is projected to continue over the forecast period owing to the growing prevalence of coronary disorders due to a sedentary way of life and widespread availability of all kinds of less invasive CABG surgeries in the region. Europe is a growing market and is expected to grow at a significant rate in the near future due to rising incidences of coronary diseases, increasing aging population and favorable reimbursement policy in the region. Asia Pacific is anticipated to deliver remarkable growth over the forecast period due to the rising disposable income, expanding the economy and growing medical tourism in the region.
The key players include Maquet Holding B.V. & Co, olympus corporation, Terumo Cardiovascular Systems Corporation., Med Europe S.r.l., Sorin Group Inc., Saphena Medical, Inc and Terumo Cardiovascular Systems Corporation.
In Feb 2011, Maquet Cardiovascular has launched the “VASOVIEW 6 PRO” an endoscopic vessel harvesting system in the U.S. to offers improved functionality, streamlined controls and simplified operation to patients undergoing cardiac surgery.
In Feb 2011, Sorin Group, a leading cardiovascular device company has introduced “VascuClear” an endoscopic vessel harvesting (EVH) system to substitute the existing EVH product offering.
In June 2015, Maquet Medical Systems has announced that its VASOVIEW endoscopic vessel harvesting system (EVH), developed for use in minimally invasive vessel harvesting surgery has accomplished a major milestone, with more than 2 million procedures executed worldwide.
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