The thoracic surgery devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Thoracic Surgery Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The thoracic surgery devices market size has grown rapidly in recent years. It will grow from $8.07 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to advancements in surgical techniques, aging population and prevalence of thoracic diseases, increasing surgical volume, healthcare infrastructure development, training and education initiatives.
The thoracic surgery devices market size is expected to see strong growth in the next few years. It will grow to $12.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to robotics and ai integration, patient-centric approaches, customized implant solutions, telemedicine and remote surgery, value-based healthcare models. Major trends in the forecast period include global collaboration in healthcare, technological innovations in medical devices, advancements in imaging technology, telemedicine and remote surgical support, rise in ambulatory surgical centers (ascs).
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Scope Of Thoracic Surgery Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Thoracic Surgery Devices Market Overview
Market Drivers –
The rising prevalence of thoracic diseases is expected to fuel the growth of the thoracic surgery device market going forward. Thoracic diseases encompass a wide range of medical conditions that affect the organs and structures within the thoracic cavity, which includes the chest area containing the heart, lungs, esophagus, trachea, diaphragm, and major blood vessels. Thoracic surgery devices are used to aid thoracic surgeons in performing procedures within the chest cavity, ensuring precision, efficacy, and safety. For instance, in 2023, according to the Australian Institute of Health and Welfare, an Australia-based government agency, chronic obstructive pulmonary disease (COPD) accounted for 3.6% of the total disease burden and constituted 50% of the total burden of disease attributable to respiratory conditions in 2023. Therefore, the rising prevalence of thoracic diseases is driving the growth of the thoracic diseases market.
Market Trends –
Major companies operating in the thoracic surgery devices market are developing innovative products with advanced technologies, such as 3D-printed airway stents, for providing customized, precise, and durable support to compromised airways. The 3D-printed bioresorbable airway stent is a medical device developed using a digital 3D model and produced layer by layer with a DLP printer. For instance, in February 2021, ETH Zurich, a Switzerland-based university, introduced 3D-printed bioresorbable airway stents composed of bioresorbable airway stents tailored to patients (i.e., they gradually dissolve after implantation). The stents are manufactured using a 3D printing process known as digital light processing (DLP) and light-sensitive resins specially adapted for this purpose. These stents are constructed using bioresorbable materials and 3D-printed technology, designed to match a patient’s specific airway anatomy and gradually dissolve over time within the body, thus providing customized support without the need for invasive removal procedures.
The thoracic surgery devices market covered in this report is segmented –
1) By Product: Forceps, Graspers, Clamps And Staplers, Scissors, Spreaders, Needle Holders, Other Products
2) By Surgery Type: Lobectomy, Wedge Resection, Pneumonectomy, Other Surgery Types
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End-Users
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Regional Insights –
North America was the largest region in the thoracic surgery devices market in 2023. The regions covered in the thoracic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the thoracic surgery devices market report are Cardinal Health, Medtronic plc, Danaher Corporation, Becton, Dickinson and Company, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical, Getinge AB, Teleflex Inc., Cook Group Incorporated, Richard Wolf GmbH, Scanlan International, OmniGuide Holdings Inc., KLS Martin Group, Sklar Surgical Instruments, ATMOS MedizinTechnik GmbH & Co. KG, Medela Healthcare, Dextera Surgical Inc., Biolitec AG, Johnson & Johnson Private Limited, Cardio medical GmbH, Grena Ltd., LivaNova plc, Sinapi Biomedical
Table of Contents
1. Executive Summary
2. Thoracic Surgery Devices Market Report Structure
3. Thoracic Surgery Devices Market Trends And Strategies
4. Thoracic Surgery Devices Market – Macro Economic Scenario
5. Global Thoracic Surgery Devices Market Size and Growth
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32. Global Thoracic Surgery Devices Market Competitive Benchmarking
33. Global Thoracic Surgery Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Thoracic Surgery Devices Market
35. Thoracic Surgery Devices Market Future Outlook and Potential Analysis
36. Appendix
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