How Has the Thoracic Surgery Devices Market Size Evolved in Recent Years?
The thoracic surgery devices market has seen considerable growth due to a variety of factors.
• Recent years have witnessed robust growth in the size of the thoracic surgery devices market. Its projected growth will leap from $8.89 billion in 2024 to $9.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.7%.
Factors such as the advancement in surgical procedures, increasing number of aged individuals and prevalence of thoracic diseases, rise in surgical volume, development in healthcare infrastructure, and initiatives in training and education have significantly contributed to its growth during the historic period.
What Are The Predictions for The Thoracic Surgery Devices Market in the Coming Years?
The thoracic surgery devices market is expected to maintain its strong growth trajectory in upcoming years.
• There is a prediction of robust expansion for the thoracic surgery devices market in the forthcoming years, with an expected value of $13.26 billion by 2029 and a compound annual growth rate (CAGR) of 8.0%.
The projected growth during this forecast period is attributed to the incorporation of robotics and AI, a focus on patient-oriented strategies, bespoke implant solutions, telemedicine, and remote surgeries, as well as the adoption of value-based healthcare models. The main trends for the forecast period encompass global partnerships in healthcare, technological advancements in medical equipment, improvements in imaging technology, the extension of telemedicine, and support for remote surgeries, plus an increase in ambulatory surgical centers (ascs).
Which Drivers Are Accelerating Growth In The Thoracic Surgery Devices Market?
Anticipated to be fuelled by the increasing incidence of thoracic diseases, the thoracic surgery device market is on the rise. Thoracic diseases, which involve conditions impacting the chest area containing the heart, lungs, and other major organs, are seeing a significant increase. Thoracic surgery devices assist surgeons in achieving accuracy and safety in procedures related to the chest cavity. For example, the Australian Institute of Health and Welfare stated that chronic obstructive pulmonary disease (COPD) contributed to 3.6% of the total disease burden in 2023 and accounted for half of the total respiratory disease burden. Hence, this rise in thoracic diseases is propelling the market's growth.
Driving the Thoracic Surgery Device Market: A Surge in Lung Cancer Cases Fuels the Market
What Are The Core Segments Of The Global Thoracic Surgery Devices Market?
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
Subsegments:
1) By Forceps: Straight Forceps, Curved Forceps
2) By Graspers: Tissue Graspers, Vessel Graspers
3) By Clamps and Staplers: Surgical Clamps, Stapling Devices
4) By Scissors: Surgical Scissors, Dissecting Scissors
5) By Spreaders: Rib Spreaders, Tissue Spreaders
6) By Needle Holders: Standard Needle Holders, Fine Tip Needle Holders
7) By Other Products: Electrosurgical Instruments, Surgical Retractors
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What Emerging Trends Are Influencing The Growth Of The Thoracic Surgery Devices Market?
Leading enterprises in the thoracic surgery devices market are innovating advanced plate and screw fixation systems to minimize complexities in chest surgery procedures. These systems aim to provide stability and ensure the security of bones or tissue fragments in the process of healing post orthopedic or thoracic surgeries. DePuy Synthes, a renowned medical device firm in the United States, for example, released the MatrixSTERNUM fixation system in August 2024. The system comprises of a plate and screw mechanism specially devised to steady the chest wall following open-heart and chest surgical procedures. This ground-breaking system betters patient care in surgical theatres through exceptional locking strength, swift chest fixation, and comparatively thinner, low-profile plates against competing systems. The MatrixSTERNUM system possesses locking strength three times greater than the leading product, offering enhanced sternum fixation while healing. The system provides multi-hole screw guides, ensures speedy and precise plate fixation, considerably lowers the procedure duration. The low-profile 1.5 mm plates, which are thin and can be shaped, lessen visibility beneath the skin.
Who Are the Key Players In The Thoracic Surgery Devices Market?
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
What Are The Regional Insights Into The Thoracic Surgery Devices Market?
North America was the largest region in the thoracic surgery devices market in 2024. The regions covered in the thoracic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
