The Thoracic Surgery Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Thoracic Surgery Devices Global Market Report 2024, 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).
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.
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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
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 report table of contents includes:
1. Executive Summary
2.Thoracic Surgery Devices Market Characteristics
3.Thoracic Surgery Devices Market Trends And Strategies
4.Thoracic Surgery Devices Market analysis
5.Thoracic Surgery Devices Market Size And Growth
6.Thoracic Surgery Devices Segmentation
7.Thoracic Surgery Devices Regional And Country Analysis
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27.Thoracic Surgery Devices Competitive Landscape And Company Profiles
28.Thoracic Surgery Devices Key Mergers And Acquisitions
29.Thoracic Surgery Devices Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cardinal Health
- Medtronic PLC
- Danaher Corporation
- Becton
- Dickinson and Company
- Stryker Corporation
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