Endoscopic Vessel Harvesting Market Size, Share, Industry Trends and Forecast to 2030

Endoscopic Vessel Harvesting Market Size (2021 to 2030)

The global endoscopic vessel harvesting market is expected to have a growth rate of 4.25% CAGR from 2021 to 2030. As a result, the market is anticipated to grow by USD 932.45 million by 2028.

COVID-19 Impact on the Endoscopic Vessel Harvesting Market

The COVID-19 pandemic has had a significant impact on the global endoscopic vessel harvesting market. With healthcare systems overwhelmed and elective surgeries postponed, the market witnessed a temporary decline in demand. However, as hospitals resumed normal operations, the market started to recover, and the demand for endoscopic vessel harvesting procedures increased.

Endoscopic Vessel Harvesting Dynamics

Endoscopic vessel harvesting is a minimally invasive surgical technique used to harvest veins or arteries for coronary artery bypass grafting (CABG) procedures. It offers several advantages over traditional open harvesting, including reduced post-operative pain, shorter hospital stays, and faster recovery times. The growing prevalence of cardiovascular diseases and the increasing adoption of minimally invasive techniques are driving the demand for endoscopic vessel harvesting.

Segments and Related Analysis

The endoscopic vessel harvesting market can be segmented based on product type, application, end-user, and region. Products include disposable and reusable devices, applications range from CABG to peripheral vascular surgery, end-users encompass hospitals and ambulatory surgical centers, while regions cover North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

By Region Analysis

North America is currently the largest market for endoscopic vessel harvesting, driven by the presence of leading healthcare facilities and high adoption rates of advanced surgical techniques. Europe follows closely behind, with a strong focus on technological innovation in the medical sector. The Asia Pacific region is expected to witness the fastest growth due to improving healthcare infrastructure and rising investments in healthcare.

Key Market Players and Competitive Landscape

Major players in the endoscopic vessel harvesting market include Getinge AB, Terumo Corporation, Saphena Medical, Medtronic, Maquet Holding B.V. & Co. KG, Sorin Group, LivaNova PLC, and Cardio Medical GmbH. These companies are focusing on product development, strategic partnerships, and mergers & acquisitions to strengthen their market position.

Recent Happenings in the Endoscopic Vessel Harvesting Market

In recent developments, Getinge AB launched a new endoscopic vessel harvesting system with advanced features for improved surgical outcomes. Terumo Corporation announced a collaboration with a leading university to enhance training programs for endoscopic vessel harvesting procedures. These developments highlight the ongoing advancements in the field of endoscopic vessel harvesting.