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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Thoracic Surgery Market Outlook
The global thoracic surgery market size was valued at USD 5.45 billion in 2023, driven by the improved use for minimally invasive procedures, increased number of CRM system replacements, and the increasing incidences of CVD and lung disease. The market is anticipated to grow at a CAGR of 9% during the forecast period 2024-2032 to reach a value of USD 11.84 billion by 2032.
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Market Segmentation
A thoracic surgery involves any chest organ treatment or operation including the heart, lungs, oesophagus, as well as trachea. Thoracic surgery is also recognised as chest surgery. Thoracic surgery is conducted either by a minimally invasive procedure or by an open process. Thoracotomy requires chest incision and is used to treat lung cancer.
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Based on product, the thoracic surgery market can be divided into:
- Surgical Sutures and Staples
- Handheld Surgical Equipment
- Electrosurgical Devices
Handheld surgical equipment can be further divided into forceps and spatulas, retractors, dilators, graspers, auxiliary instruments, and cutter instruments, among others.
The thoracic surgery market can be broadly categorised based on surgery type into:
- Lobectomy
- Wedge Resection
- Pneumonectomy
- Pleurectomy
- Others
It finds wide applications in the following sectors:
- Oesophageal Cancer
- Gastroesophageal Reflux
- Others
The EMR report looks into the regional thoracic surgery markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The growing demand for chest surgeries is motivated by factors, including an increased number of CRM system replacements, the increasing number of facilities for CRM implantation, and the increasing popularity of CVD and lung disease. The demand for thoracic surgery has also expanded among older patients and patients with serious co-morbidities, owing to technological progress in thoracic surgeries and the enhanced surgical experience and trust among high-risk individuals. The use of thorax surgery devices for various indications guidelines of several health organizations would further drive the demand from end-users for advanced thorax surgical devices. The growing number of thoracic operations will be a crucial development leading to the thoracic surgery market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global thoracic surgery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- AbbVie Inc. (NYSE: ABBV)
- Boston Scientific Corp.
- Edwards Lifesciences Corp.
- LivaNova Plc
- Medtronic Plc
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global thoracic surgery market reached a value of USD 5.45 billion in 2023.
The market is anticipated to grow at a CAGR of 9% during the forecast period of 2024-2032 to reach a value of USD 11.84 billion by 2032.
The major drivers of the industry, such as the improved use for minimally invasive procedures, increased number of CRM system replacements, the increasing number of facilities for CRM implantation, and the increasing incidences of CVD and lung disease, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing use of thorax surgery devices for various indication guidelines of several health organizations.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of thoracic surgery in the industry are surgical sutures and staples, handheld surgical equipment, and electrosurgical devices.
The significant surgery types of thoracic surgery in the market are lobectomy, wedge resection, pneumonectomy, and pleurectomy, among others.
The major application sectors of the industry are oesophageal cancer and gastroesophageal reflux, among others.
The major players in the industry are AbbVie Inc., Boston Scientific Corp., Edwards Lifesciences Corp., LivaNova Plc, and Medtronic Plc, among others.
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