The global endoscopic vessel harvesting market is projected to reach USD 504.8 million by 2022 from an estimated USD 420.5 million in 2017, at a CAGR of 3.7%. Growth in the endoscopic vessel harvesting market is driven by factors such as increasing prevalence of cardiovascular diseases, growing preference for minimally invasive harvesting owing to advantages it offers over conventional methods, and rising geriatric population. However, the availability of alternative treatment methods for CADs and poor reimbursement scenario for EVH is expected to restrain the growth of this market during the forecast period.
The endoscopic vessel harvesting market is segmented on the basis of product, usability, vessel type, application, and region. On the basis of product, the market is segmented into EVH systems, endoscopes, and accessories. The EVH systems segment is expected to register the highest CAGR during the forecast period. The high growth of this segment can be attributed to the rising adoption of minimally invasive procedures for vessel harvesting and disposable nature of these products.
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Based on usability, the market is segmented into disposable and reusable. In 2017, the disposable segment commanded the largest share of the market. This segment is also expected to register the highest CAGR during the forecast period primarily due to the rising preference for disposable devices over reusable owing to the advantages offered.
Based on vessel type, the market is segmented into saphenous vein and radial artery. The saphenous vein segment is expected to register highest CAGR during the forecast period. This can be attributed to the advantages offered by saphenous vein in terms of wound complications, reduced pain, and aesthetics.
The geographic segments in this report include North America, Europe, Asia Pacific, and RoW. Of these, the North American segment accounted for the largest share of the market in 2017. The large share of this segment can primarily be attributed to the high burden of cardiovascular diseases (CVDs), the launch of the Hospital Readmissions Reduction Program (HRRP) and Episode-based Payment Models (EPMs), increasing incidence of cardiac diseases, and growing preference for minimally invasive harvesting procedures.
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