Soaring Demand Set to Propel Minimally Invasive Thoracic Surgery Market to $5.98 Billion by 2029

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What Is the Expected CAGR for the Minimally Invasive Thoracic Surgery Market Through 2025?
The market size for minimally invasive thoracic surgery has seen substantial growth in recent years. The market is set to increase from $4.04 billion in 2024 to $4.38 billion in 2025 with a compound annual growth rate (CAGR) of 8.4%. This historic growth can be credited to the rising occurrences of lung cancer and thoracic disorders, augmented use of robotic-assisted thoracic procedures, a growing elderly population, heightened patient awareness, and an increase in healthcare spending.

What's the Projected Size of the Global Minimally Invasive Thoracic Surgery Market by 2029?
Expectations for the minimally invasive thoracic surgery market predict considerable expansion in the impending years. Forecasts predict a growth up to $5.98 billion by the year 2029, with a compound annual growth rate of 8.1%. Various factors influence the growth in the forecast period, including the heightened demand for reduced hospitalization time, the surge in the incorporation of cutting-edge imaging and navigation tools, increased surgeon preference for such surgical techniques, a rise in government and privately-led funding, and an intensifying concentration on value-based healthcare paradigms. Key developments predicted in the forecasted period comprise advancements in robotic-assisted surgical platforms, progressive designs in minimally invasive equipment, elevated integration of artificial intelligence (AI), increased utilization of augmented and virtual reality equipment, and technological evolution in 3D and 4K imaging systems.

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Top Growth Drivers in the Minimally Invasive Thoracic Surgery Industry: What's Accelerating the Market?
The escalation in occurrences of lung disorders is predicted to fuel the expansion of the minimally invasive thoracic surgery market. Medical conditions that obstruct lung functionality and respiration, such as asthma, COPD, pneumonia, and lung cancer, are referred to as lung diseases. These disorders are primarily on the rise due to tobacco smoking as the harmful substances in tobacco gradually deteriorate the DNA of lung cells, thereby increasing the chances of unregulated cellular growth and formation of tumors. Minimally invasive treatment assists patients suffering from lung diseases by pinpointing, eliminating or obliterating tumors via diminutive incisions or imaging-managed probes. This technique reduces recovery period, minimizes damage to healthy lung tissue, decreases risk of complications, and enables patients to return to normal activities earlier. For example, data from the Centers for Disease Control and Prevention, a US-based government agency, reveals that the United States reported 218,893 novel instances of lung cancer in 2022 and witnessed 131,584 lung cancer fatalities in 2023. Consequently, the upsurge in cases of lung disorders is stimulating the progress of the minimally invasive thoracic surgery market.

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What Trends Will Shape the Minimally Invasive Thoracic Surgery Market Through 2029 and Beyond?
Key businesses within the minimally invasive thoracic surgery market are concentrating their efforts on the creation of advanced technologies like the robotic-assisted surgery platform. This move is aimed at increasing surgical precision and uplifting the overall clinical results. The robotic-assisted surgery platform allows surgeons to control robotic limbs, which allows for more precise and less invasive procedures than traditional surgery. An example of this technology was seen in June 2024 when Monmouth Medical Centre (MMC), a medical institution based in the US, launched the Ion Robotic platform, the Aliya PEF system, and AI-driven CT imaging during operations. These technologies provided many benefits, including improved surgical accuracy, enhanced patient outcomes, and instantaneous imaging for better decision-making. Such advancements allow for more precise, less invasive treatments of lung cancer leading to quicker recovery periods and improved results. They also offer real-time navigation, non-thermal tumor ablation, and lessen the exposure to radiation, which fosters early detection and efficient care.

What Are the Main Segments in the Minimally Invasive Thoracic Surgery Market?
The minimally invasive thoracic surgery market covered in this report is segmented

1) By Type: Lobectomy, Wedge Resection, Pneumonectomy, Other Types
2) By Product: Energy Devices, Instruments, Staplers And Disposables, Visualization Systems
3) By Procedure Type: Video-Assisted Thoracoscopic Surgery (VATS), Robotic-Assisted Thoracic Surgery, Endoscopic Thoracic Surgery, Other Procedure Types
4) By Application: Lung Cancer Surgery, Esophageal Surgery, Mediastinal Surgery, Other Applications
5) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-Users

Subsegments:
1) By Lobectomy: Bilobectomy, Sleeve Lobectomy, Thoracoscopic Lobectomy (VATS Lobectomy), Robotic-Assisted Lobectomy
2) By Wedge Resection: Video-Assisted Thoracoscopic Surgery (VATS) Wedge Resection, Robotic-Assisted Wedge Resection, Open Wedge Resection
3) By Pneumonectomy: Standard Pneumonectomy, Extended Pneumonectomy, Sleeve Pneumonectomy, Thoracoscopic
4) By Other Types: Segmentectomy, Sleeve Resection, Decortication, Bullectomy, Thoracoscopic Resection For Metastasectomy

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Which Top Companies are Driving Growth in the Minimally Invasive Thoracic Surgery Market?
Major companies operating in the minimally invasive thoracic surgery market are Johnson And Johnson Services Inc., Medtronic Plc, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Inc., Olympus Corporation, Intuitive Surgical Operations Inc., Smith & Nephew plc, Teleflex Incorporated, Karl Storz SE & Co. KG, Cook Group Incorporated, CONMED Corporation, NuVasive Inc., Applied Medical Resources Corporation, KLS Martin Group, Aesculap Inc., Medela Inc., Richard Wolf GmbH, B. Braun Melsungen AG, Ackermann Instrumente GmbH, Cmr Surgical, Genesee Biomedical Inc.

Which Regions Will Dominate the Minimally Invasive Thoracic Surgery Market Through 2029?
North America was the largest region in the minimally invasive thoracic surgery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the minimally invasive thoracic surgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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