Press release
Global Thoracic Surgery Devices Market to Reach $13.26 Billion by 2029, Growing at 8% CAGR
Thoracic Surgery Devices Market Share
The anticipated growth in the thoracic surgery device market is predicted to be driven by the escalating incidence of thoracic illnesses. Such maladies encompass numerous health conditions which impact the organs located within the chest compartment, inclusive of the heart, lungs, esophagus, trachea, diaphragm, and vital blood vessels. Thoracic surgical instruments support surgeons during thoracic operations, contributing to accuracy, effectiveness, and overall safety. An example can be seen in the data from 2023 provided by the Australian Institute of Health and Welfare, a governmental entity within Australia, which states that chronic obstructive pulmonary disease (COPD) was responsible for 3.6% of the total disease burden and made up 50% of the total disease burden due to respiratory illnesses. Thus, the growing incidence of thoracic diseases underpins the expansion of the thoracic diseases market. Thoracic Surgery Devices Market Driver: Upward Trajectory of Thoracic Surgery Device Market Amid Rising Lung Cancer Cases
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How will the growth rate of the thoracic surgery devices market shape industry trends by 2034?
There has been a robust expansion in the size of the thoracic surgery devices market in the last few years. The market, valued at $8.89 billion in 2024, is projected to escalate to $9.74 billion in 2025, growing at a compound annual growth rate (CAGR) of 9.7%. The significant growth during the historic period is a result of developments in surgical methodologies, a rise in the aging population and occurrence of thoracic ailments, an increase in surgical procedures, enhancements in healthcare facilities, and initiatives in education and training.
In the forthcoming years, the thoracic surgery devices market is anticipated to experience robust growth, expanding to a size of $13.26 billion in 2029 with an 8.0% compound annual growth rate (CAGR). This anticipated growth during the forecast period is primarily due to robotics and AI integration, patient-centric approaches, custom-made implant solutions, telemedicine and remote surgical procedures, and value-oriented healthcare models. The forecast period also highlights key trends such as global healthcare collaboration, technological advancements in medical device field, improvements in imaging technology, telemedicine and reliance on remote surgical assistance, and an increase in ambulatory surgical centers (ASCS).
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What trends are poised to drive the future success of the thoracic surgery devices market?
Leading firms in the thoracic surgery devices market are innovating advanced plate and screw fixation systems to minimize the issues related to chest surgery. These surgical devices are specifically designed to secure and stabilize bones or tissue fragments while recuperating following orthopedic or thoracic surgeries. Take for example, DePuy Synthes, a US-based medical device corporation, introduced the MatrixSTERNUM fixation system in August 2024. This is a plate and screw system developed to stabilize the chest wall post open-heart and chest surgeries. This groundbreaking system improves patient care in the surgery room by providing superior locking strength, faster chest fixation, and thinner, low-profile plates compared to rivals. The MatrixSTERNUM system possesses three times more locking strength than the top product, guaranteeing improved sternum fixation during healing. Its multi-hole screw guides enable quick and precise plate fixation, markedly decreasing the duration of the procedure. Additionally, the 1.5 mm low-profile plates are not only slim but also contourable, reducing their visibility beneath the skin.
Which primary segments of the thoracic surgery devices market are driving growth and industry transformations?
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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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.
Who are the influential players reshaping the thoracic surgery devices market landscape?
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
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What Is Covered In The Thoracic Surgery Devices Global Market Report?
•Market Size Forecast: Examine the thoracic surgery devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the thoracic surgery devices market for a structured understanding.
•Key Players Overview: Analyze major players in the thoracic surgery devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the thoracic surgery devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the thoracic surgery devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the thoracic surgery devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the thoracic surgery devices market.
•Competitive Landscape: Review strategic developments in the thoracic surgery devices market, including expansions, agreements, and new product launches.
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