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What's Driving the Thoracic Surgery Devices Market 2025-2034: Surge In Thoracic Surgery Device Market Growth Amidst Escalating Prevalence Of Thoracic Diseases
Thoracic Surgery Devices Market Size
The market size for thoracic surgery devices has experienced a robust expansion in the previous years. The said market, which is valued at $8.89 billion in 2024, is expected to escalate to $9.74 billion in 2025 with a compound annual growth rate (CAGR) of 9.7%. Factors contributing to the growth experienced in the past include advancements in surgical methodologies, the aging demographic, the rising occurrence of thoracic illnesses, increased volume of surgeries, enhancement of healthcare facilities, and initiatives related to training and education.
The market for thoracic surgery devices is projected to experience substantial augmentation in the approaching years, surging to $13.26 billion by 2029 with a CAGR of 8.0%. This projected escalation within the forecast period is primarily because of factors like the integration of AI and robotics, patient-focussed methodologies, bespoke implant solutions and value-driven healthcare patterns accompanied by the progression in telemedicine and remote surgeries. The significant trends anticipated during the forecast period encircle worldwide healthcare collaboration, technological breakthroughs in medical devices, advancements in imaging technology, the emergence of telemedicine along with remote surgical aid, and the upsurge in ambulatory surgical centres (ASCs).
What Are the Main Catalysts for Growth in the Thoracic Surgery Devices Market?
The thoracic surgery device market is anticipated to expand due to the increasing incidence of thoracic diseases. Diseases of the thoracic cavity, which encompasses the chest area and contains organs like the heart, lungs, esophagus, trachea, diaphragm, and major blood vessels, are seeing a surge. Thoracic surgery devices are invaluable tools for thoracic surgeons, aiding in executing procedures within the chest cavity while maintaining precision, efficiency, and safety. For example, the Australian Institute of Health and Welfare reported in 2023 that chronic obstructive pulmonary disease (COPD) represented 3.6% of the total disease burden and made up 50% of the total burden attributable to respiratory conditions in that year. Consequently, the escalating incidence of thoracic diseases is fueling the expansion of the thoracic disease market.
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Which Businesses Are at the Forefront of Thoracic Surgery Devices Market Development?
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 Latest Innovations in the Thoracic Surgery Devices Market?
Leading firms in the thoracic surgery devices market are introducing cutting-edge plate and screw fixation systems to minimize risks connected with chest surgeries. These systems are surgical tools used to secure and stabilize bones or tissue pieces during recovery after orthopedic or thoracic surgeries. For instance, in August 2024, US-based medical device firm DePuy Synthes released the MatrixSTERNUM fixation system, a plate and screw setup specifically created to secure the chest wall post open-heart and chest surgeries. This pioneering system improves patient treatment in the surgical room by providing unparalleled locking strength, faster chest fixation, and leaner, low-profile plates in comparison to its rivals. The MatrixSTERNUM system offers thrice the locking strength of the leading product, guaranteeing improved sternum fixation during the healing period. The multiple-hole screw guides it features allow for speedy and precise plate fixation, drastically cutting down on procedure time, while the 1.5 mm low-profile plates are both thin and adaptable, thus reducing visibility beneath the skin.
How Is the Thoracic Surgery Devices Market Segmented?
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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Where Is the Thoracic Surgery Devices Market Growth Most Prominent?
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.
What Is Covered In The Thoracic Surgery Devices Global Market Report?
- Market Size Analysis: Analyze the Thoracic Surgery Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Thoracic Surgery Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Thoracic Surgery Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Thoracic Surgery Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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