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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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Surgery Type, Application, Region
Breakup by Product Surgical Sutures and Staples, Handheld Surgical Equipment, Electrosurgical Devices
Breakup by Surgery Type Lobectomy, Wedge Resection, Pneumonectomy, Pleurectomy, Others
Breakup by Application Oesophageal Cancer, Gastroesophageal Reflux, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered AbbVie Inc. (NYSE: ABBV), Boston Scientific Corp. (NYSE: BSX), Edwards Lifesciences Corp. (NYSE: EW), LivaNova Plc (NASDAQ: LIVN), Medtronic Plc (NYSE: MDT), Others
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.

 

*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
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Thoracic Surgery Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Thoracic Surgery Historical Market (2016-2020) 
    8.3    Global Thoracic Surgery Market Forecast (2021-2026)
    8.4    Global Thoracic Surgery Market by Product
        8.4.1    Surgical Sutures and Staples
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Handheld Surgical Equipment
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
                8.4.2.3.1    Forceps and Spatulas
                8.4.2.3.2    Retractors
                8.4.2.3.3    Dilators
                8.4.2.3.4    Graspers
                8.4.2.3.5    Auxiliary Instruments
                8.4.2.3.6    Cutter Instruments
                8.4.2.3.7    Others
        8.4.3    Electrosurgical Devices
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Thoracic Surgery Market by Surgery Type
        8.5.1    Lobectomy
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Wedge Resection
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pneumonectomy
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Pleurectomy
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Thoracic Surgery Market by Application
        8.6.1    Oesophageal Cancer
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Gastroesophageal Reflux
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Thoracic Surgery Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    AbbVie Inc.  (NYSE: ABBV)
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Boston Scientific Corporation (NYSE: BSX)
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Edwards Lifesciences Corporation (NYSE: EW)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    LivaNova PLC (NASDAQ: LIVN)
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Medtronic PLC (NYSE: MDT)
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Thoracic Surgery Market: Key Industry Highlights, 2016 and 2026
2.    Global Thoracic Surgery Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Thoracic Surgery Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Thoracic Surgery Historical Market: Breakup by Surgery Type (USD Billion), 2016-2020
5.    Global Thoracic Surgery Market Forecast: Breakup by Surgery Type (USD Billion), 2021-2026
6.    Global Thoracic Surgery Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Thoracic Surgery Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Thoracic Surgery Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Thoracic Surgery Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Thoracic Surgery Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Thoracic Surgery Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Thoracic Surgery Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Thoracic Surgery Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Thoracic Surgery Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Thoracic Surgery Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Thoracic Surgery Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Thoracic Surgery Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Thoracic Surgery Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Thoracic Surgery Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Thoracic Surgery Market Structure

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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