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Adoption of Novel Devices Stokes Demand for Endoscopic Vessel Harvesting System

Friday, March 9, 2018   (0 Comments)
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San Francisco, California, March 07, 2018 – The global endoscopic vessel harvesting system market is foretold in a report by TMR Research to gain from the ever-increasing demand for medical devices. The report, titled “Endoscopic Vessel Harvesting System Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025,” examines each and every aspect that could impact the growth of global endoscopic vessel harvesting market for the 2017- 2025 forecast timeframe. The report provides qualitative and quantitative insights into key market segments and sub-segments. It looks into past performance and current scenario to present market size and revenue estimations of key segments. It analyzes vital market indicators, growth trends, and technological advances that could determine the growth trajectory over the forecast period.

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The rising demand for medical devices for the diagnosis and treatment of several medical conditions is the foremost factor driving the global endoscopic vessel harvesting market. Technological advancements and innovations in medical devices used for cardiovascular disorders have gained pace over the last few years. The advent of novel equipment such as endoscopic vessel harvesting system for coronary artery bypass grafting for the treatment of some cardiac diseases is generally providing opportunities for manufacturers of medical devices. This is attracting start-ups and small players such as Saphena Medica Inc. to foray into this highly lucrative space.

Rising research and development by several market players leading to the introduction of novel products is also benefitting the endoscopic vessel harvesting market. Rising grants and technological expertise by government organizations for endoscopic technology is likely to boost the demand for endoscopic vessel harvesting systems.

In addition, technological advances in cardiovascular medical devices will aid the growth of endoscopic vessel harvesting system market. Initiatives undertaken by governmental and non-governmental organizations such as Pediatric Congenital Heart Association and Heart Valve Surgery Community for spreading awareness about congenital heart diseases is likely to aid the market’s expansion.

Furthermore, with increasing knowledge of surgeons about novel technologies for cardiac surgeries, the demand for endoscopic vessel harvesting systems is likely to rise. Surgeons would use equipment that are manufactured using state-of-the-art technology and are process driven that leaves less room for manual errors. The growing geriatric population worldwide vulnerable to cardiac conditions is also likely stoke demand for endoscopic vessel harvesting systems for specialty surgeries.

The report classifies the global endoscopic vessel harvesting system market into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa by geography. North America currently presents the most lucrative market for companies operating in the endoscopic vessel harvesting system market. While developed regions are likely to continue to offer lucrative opportunities, emerging economies such as India, China, and Brazil are also likely to provide growth opportunities with development of healthcare infrastructure and rising expenditure on medical care. In addition, a growing geriatric population in these nations and willingness of people to opt for advanced healthcare will boost the demand for endoscopic vessel harvesting systems in Asia Pacific and Latin America.

The report detects the global endoscopic vessel harvesting market to be highly competitive. However, the major share is held by a handful of companies which features a high degree of consolidation. Key players in the global endoscopic vessel harvesting market include Med Europe S.r.l, Terumo Cardiovascular Systems Corporation, LivaNova plc, OLYMPUS CORPORATION, Saphena Medical Inc., Maquet Holding B.V. & Co., and CARDIO MEDICAL GmbH.

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