Thoracic Surgery Market was valued at USD 3.1 Billion in 2021, and it is expected to reach USD 5.40 Billion by 2029, exhibiting a CAGR of 7.18 % during the forecast period (2023-2029).
Thoracic Surgery Market Overview
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Thoracic Surgery Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Thoracic Surgery Market . A thorough report includes the drivers, restraints, opportunities, and challenges of the Thoracic Surgery Market . To understand Thoracic Surgery Market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Thoracic Surgery Market was conducted at a local, regional and global level to understand the Thoracic Surgery Market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Thoracic Surgery Market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
The primary and secondary data methods were used for the data collection for the Thoracic Surgery Market . The primary approach involves surveys, questionnaires and telephonic interviews with market leaders, business owners, etc. and the secondary data collection method includes press news, annual reports and financial reports, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Thoracic Surgery Market
Thoracic Surgery Market Regional Insights
The Thoracic Surgery Market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Thoracic Surgery Market in several countries. The report includes a detailed analysis of all the factors, market size, growth rate, and import and export in regions.
Thoracic Surgery Market Dynamics:
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The market’s data was collected using both primary and secondary data methods. In addition to press headlines, annual reports and financial reports, white papers, etc., secondary data collection techniques include surveys, questionnaires, and telephone interviews with market leaders and business owners. While PORTER is used to assess the level of industry competition in the Thoracic Surgery Market , SWOT analysis is used to pinpoint the market’s risks and weaknesses.
Thoracic Surgery Market Segmentation:
by Surgery
• Lobectomy
• Wedge Resection
• Pneumonectomy
• Pleurectomy
• Others
According to Surgery Type, the most popular method for treating lung cancer is a lobectomy. Due to advantages such a shorter and median hospital stay and higher two-year survival, the lobectomy segment is anticipated to dominate the global market throughout the projection period. A lobectomy removes the lymph nodes as well as the complete lung lobe that has malignancy. The improvement of surgical techniques has made it possible to prevent lung cancer, which accounts for more than 20% of cancer deaths globally. This is expected to increase demand for minimally invasive surgery.
by Application
• Lung Cancer
• Esophageal Cancer
• Gastroesophageal reflux
• Others.
Due to an increase in lung cancer cases over the previous ten years, lung cancer is predicted to have a significant market share based on application. The increase in long-term tobacco use around the world is to blame for the growth in lung cancer cases, which now account for about 85% of cancer patients worldwide.
The other segment includes surgical centers and other medical facilities that offer restricted access to advanced procedures because of their remote locations or because they lack the necessary infrastructure, such as an operating room table with adequate lighting equipment and storage space for surgical instruments. These procedures are carried out by skilled surgeons in less than ideal circumstances, yet due to their skill in dealing with difficult cases, they still deliver respectable results.
byEnd User
• Hospital
• Ambulatory Surgical Centers
• Others.
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Thoracic Surgery Market Key Players
• Medtronic plc
• Cardio medical GmbH
• Intuitive Surgical
• Richard Wolf GmbH
• Grena Ltd.
• Dextera Surgical Inc.
• Teleflex Incorporated
• Medela Healthcare
• LivaNova plc
• Sklar Surgical Instruments
• Abbott Laboratories
• Boston Scientific Corp.
• Edwards Lifesciences Corp.
• Biosensors International Group, Ltd.
• BIOTRONIK SE & Co
• BioVentrix, Inc.
• C. R. Bard, Inc.
• CardiacAssist, Inc.
• Johnson & Johnson, Inc.
Key questions answered in the Thoracic Surgery Market are:
Which are the factors expected to drive the Thoracic Surgery Market growth?
What are the factors restraining the growth of the Thoracic Surgery Market ?
What is the demand pattern of the Thoracic Surgery Market ?
What major challenges could the Thoracic Surgery Market face in the future?
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Key Offerings:
Past Market Size and Competitive Landscape (2023 to 2029)
Past Pricing and price curve by region (2023 to 2029)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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