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Evolving Market Trends In The Thoracic Surgery Devices Industry: Innovative Plate And Screw Fixation Systems Revolutionizing Post-Surgical Recovery
Thoracic Surgery Devices Market
How Big Is the Thoracic Surgery Devices Market Size Expected to Be by 2034?
In recent times, there has been notable growth in the size of the thoracic surgery devices market. The market is projected to expand from $8.89 billion in 2024 to $9.74 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this growth over the historic period include advancements in surgical procedures, an aging population, the presence of thoracic diseases, increased surgery volume, the development of healthcare infrastructure, and initiatives for training and education.
The market size of thoracic surgery devices is predicted to experience robust expansion in the upcoming years, reaching $13.26 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. The growth in this predicted period can be linked to the incorporation of robotics and AI, patient-focused methods, personalized implant solutions, telemedicine, and distant surgery options, as well as value-driven healthcare models. Prominent trends expected during this period involve international healthcare collaboration, technological breakthroughs in medical devices, progressive imaging technology, telemedicine, remote surgical assistance, and an increase in ambulatory surgical centers (ASCS).
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What Are the Emerging Segments Within the 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 Long-Term Drivers Are Shaping Thoracic Surgery Devices Market Trends?
The escalating incidences of thoracic disorders are poised to spur the growth of the thoracic surgery device market in the future. Thoracic ailments represent a plethora of health issues impacting the organs and structures housed within the thoracic cavity, such as the chest region that includes the heart, lungs, esophagus, trachea, diaphragm, and key blood vessels. Devices used in thoracic surgeries are designed to assist surgeons in executing procedures inside the chest cavity with high levels of accuracy, efficiency, and safety. For example, data from the Australian Institute of Health and Welfare, a government agency based in Australia, revealed that in 2023 chronic obstructive pulmonary disease (COPD) represented 3.6% of the total disease load, accounting for half of the entire disease burden attributed to respiratory conditions in that year. Hence, the increasing incidence of thoracic ailments is proving to be a potent growth driver for the thoracic diseases market. Thoracic Surgery Devices Market Driver: Thoracic Surgery Device Market Experiences Upturn due to Increasing Lung Cancer Incidences
Who Are the Top Competitors in Key Thoracic Surgery Devices Market Segments?
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 Thoracic Surgery Devices Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the thoracic surgery devices market are creating sophisticated plate and screw fixation systems to minimize the risks linked to chest surgeries. These systems are surgical tools crafted to secure and stabilize bones or tissue fragments during the recovery period after orthopedic or thoracic surgeries. For example, in August 2024, DePuy Synthes, a medical device firm originating from the US, introduced the MatrixSTERNUM fixation system. This system, designed to stabilize the chest wall post open-heart and chest surgeries, revolutionizes patient treatment in the operating room. It provides superior locking strength, speedier chest fixation, and slimmer, lesser prominent plates when compared to its competitors. The MatrixSTERNUM system claims to have a locking strength thrice as much as the top competing product, assuring enhanced sternum fixation during the healing process. It also features multi-hole screw guides that expedite precise plate fixation, considerably slashing procedure time. Moreover, its 1.5 mm low-profile plates are slim and adaptable to body contours, thereby markedly decreasing visibility beneath the skin.
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Which Regions Are Becoming Hubs for Thoracic Surgery Devices Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Thoracic Surgery Devices Market?
2. What is the CAGR expected in the Thoracic Surgery Devices Market?
3. What Are the Key Innovations Transforming the Thoracic Surgery Devices Industry?
4. Which Region Is Leading the Thoracic Surgery Devices Market?
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