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Global Thoracic Surgery Market: By Product: Surgical Sutures and Staples, Handheld Surgical Equipment, Electrosurgical Devices; By Surgery Type: Lobectomy, Wedge Resection, Others; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Thoracic Surgery Market Outlook

The global thoracic surgery market is expected to grow at a CAGR of about 9.5% in the forecast period of 2021-2026. The thoracic surgery market is being driven by the improved use for minimally invasive procedures.

 

Global Thoracic Surgery Market

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Properties and Applications

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.

 

Global Thoracic Surgery Market By Surgery Type

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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.

 

Global Thoracic Surgery Market By Region

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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)
  • Abbott Laboratories 
  • 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.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Thoracic Surgery Market Analysis
    6.1    Figure: Global Thoracic Surgery Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Thoracic Surgery Market Breakup by Product 
        6.2.1    Surgical Sutures and Staples
        6.2.2    Handheld Surgical Equipment
            6.2.2.1    Forceps and Spatulas
            6.2.2.2    Retractors
            6.2.2.3    Dilators
            6.2.2.4    Graspers
            6.2.2.5    Auxiliary Instruments
            6.2.2.6    Cutter Instruments
            6.2.2.7    Others
        6.2.3    Electrosurgical Devices
    6.3     Figure: Global Thoracic Surgery Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Surgical Sutures and Staples
        6.3.2    Handheld Surgical Equipment
            6.3.2.1    Forceps and Spatulas
            6.3.2.2    Retractors
            6.3.2.3    Dilators
            6.3.2.4    Graspers
            6.3.2.5    Auxiliary Instruments
            6.3.2.6    Cutter Instruments
            6.3.2.7    Others
        6.3.3    Electrosurgical Devices
    6.4    Chart: Global Thoracic Surgery Market Breakup by Surgery Type
        6.4.1    Lobectomy
        6.4.2    Wedge Resection
        6.4.3    Pneumonectomy
        6.4.4    Pleurectomy
        6.4.5    Others
    6.5    Figure: Global Thoracic Surgery Market Breakup by Surgery Type: Historical Market (2016-2020) & Forecast (2020-2026)
        6.5.1    Lobectomy
        6.5.2    Wedge Resection
        6.5.3    Pneumonectomy
        6.5.4    Pleurectomy
        6.5.5    Others
    6.6    Chart: Global Thoracic Surgery Market Breakup by Application
        6.6.1    Oesophageal Cancer
        6.6.2    Gastroesophageal Reflux
        6.6.3    Others
    6.7    Figure: Global Thoracic Surgery Market Breakup by Application: Historical Market (2016-2020) & Forecast (2020-2026)
        6.7.1    Oesophageal Cancer
        6.7.2    Gastroesophageal Reflux
        6.7.3    Others
    6.8    Chart: Global Thoracic Surgery Market Breakup by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    United Kingdom
            6.8.2.2    Germany
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    India
            6.8.3.3    Japan
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Figure: Global Thoracic Surgery Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    United Kingdom
            6.9.2.2    Germany
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    India
            6.9.3.3    Japan
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    SWOT Analysis
    7.1    Overview
    7.2    Strengths
    7.3    Weaknesses
    7.4    Opportunities
    7.5    Threats
8    Porter’s Five Forces Analysis
    8.1    Overview
    8.2    Buyer’s Power
    8.3    Supplier’s Power
    8.4    New Entrants
    8.5    Degree of Rivalry
    8.6    Substitutes
9    EMR’s Key Indicators for Demand
10    Competitive Landscape & Supplier Analysis

    10.1    AbbVie Inc. (NYSE: ABBV)
        10.1.1    Company Overview
        10.1.2    Financial Analysis
    10.2    Abbott Laboratories (NYSE: ABT)
        10.2.1    Company Overview
        10.2.2    Financial Analysis
    10.3    Boston Scientific Corp. (NYSE: BSX)
        10.3.1    Company Overview
        10.3.2    Financial Analysis 
    10.4    Edwards Lifesciences Corp. (NYSE: EW)
        10.4.1    Company Overview
        10.4.2    Financial Analysis
    10.5    LivaNova Plc (NASDAQ: LIVN)
        10.5.1    Company Overview
        10.5.2    Financial Analysis
    10.6    Medtronic Plc (NYSE: MDT)
        10.6.1    Company Overview
        10.6.2    Financial Analysis
    10.7    Others
11    Industry Events and Developments

Key Questions Answered in the Report

The global thoracic surgery market is projected to grow at a CAGR of 9.5% between 2021 and 2026.

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., Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., LivaNova Plc, and Medtronic Plc, among others.

Analyst Review

The global thoracic surgery market is driven by the increasing incidences of CVD and lung disease. Aided by the technological progress in thoracic surgeries, the market is expected to witness a robust growth in the forecast period of 2021-2026, growing at a CAGR of 9.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the industry can be segmented into surgical sutures and staples, handheld surgical equipment, and electrosurgical devices. On the basis of surgery types, the industry is divided into lobectomy, wedge resection, pneumonectomy, pleurectomy, and others.  By applications, the industry is segregated into oesophageal cancer, gastroesophageal reflux, and others. The major regional markets for thoracic surgery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include AbbVie Inc., Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., LivaNova Plc, Medtronic Plc, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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