Endoscopic Vessel Harvesting Market Size (2024 - 2029)

Endoscopic Vessel Harvesting Market Analysis

The Endoscopic Vessel Harvesting Market size is estimated at USD 0.5 billion in 2024, and is expected to reach USD 0.58 billion by 2029, growing at a CAGR of 3.94% during the forecast period (2024-2029).

Key drivers fueling market growth include the escalating prevalence of cardiovascular diseases like coronary artery disease and peripheral artery disease, a growing preference for minimally invasive harvesting due to its benefits over traditional methods, and the expanding geriatric demographic.

The global market for endoscopic vessel harvesting is primarily driven by the significant burden of coronary artery disease (CAD) worldwide. According to a study in the April 2024 issue of the Journal of the American College of Cardiology, the global prevalence of CAD stood at 315 million cases in 2022. This substantial burden underscores the demand for endoscopic vessel harvesting in treating and managing CAD, fueling market growth.

The geriatric population, which is more susceptible to coronary and peripheral artery diseases, is expected to be a significant market growth driver. According to the UN World Population Prospects 2022, the global population aged 65 and above is expected to climb from 10% in 2022 to 16% by 2050. By 2050, the number of individuals aged 65 and above is forecasted to surpass twice the count of children under 5 and nearly match those under 12.

The uptick in hospitals adopting endoscopic vessel harvesting procedures further propels the market growth. For instance, in July 2022, the Liverpool and Chest Hospital introduced the endoscopic vein harvesting (EVH) procedure in the UK. Such introductions create demand for associated products, bolstering market growth.

Initiatives taken by market players, such as the establishment of new manufacturing facilities in different regions across the world to increase their foothold, also propel market growth. For instance, in September 2022, Terumo opened its new Cardiovascular manufacturing plant in La Lima, Cartago, Costa Rica. Terumo deals with endoscopic vessel harvesting products through its cardiovascular segment.

Owing to factors such as the surge in cardiovascular diseases, the rising aging population, the benefits of minimally invasive procedures, and new launches and initiatives taken by market players, the market is expected to grow during the forecast period. However, challenges like competing treatment options and unfavorable reimbursement scenarios could temper this growth.

Endoscopic Vessel Harvesting Industry Segmentation

As per the scope of the report, endoscopic vessel harvesting devices are used to obtain one or more healthy vessels from the patient's leg or arm to be used as conduits to bypass obstructed blood vessels in the cardiac or peripheral region.

The endoscopic vessel harvesting market is segmented by product, usability, application, and geography. By product, the market is sub-segmented into EVH systems, endoscopes, and accessories. By usability, the market is sub-segmented into disposable and reusable. By application, the market is sub-segmented into coronary artery disease (CAD) and peripheral artery disease (PAD). By geography, the market is sub-segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (in USD) for all the above segments.