Global Thoracic Surgery Devices Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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What is the Expected Growth Rate of the Thoracic Surgery Devices Market from 2024 to 2033?
The thoracic surgery devices market will grow from $8.07 billion in 2023 to $8.89 billion in 2024, representing a CAGR of 10.1%. This growth is attributed to advancements in surgical techniques, an aging population with more thoracic diseases, a higher volume of surgeries, the development of healthcare infrastructure, and educational and training initiatives.
The thoracic surgery devices market is forecast to experience strong growth, reaching $12.3 billion by 2028, with a CAGR of 8.5%. The growth is attributed to the integration of robotics and AI, patient-centric approaches, customized implants, telemedicine, and remote surgeries, as well as value-based healthcare models. Key trends include global healthcare collaborations, medical device innovations, advancements in imaging technologies, telemedicine support, and the rise of ambulatory surgical centers (ASCs).
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What Key Factors Are Fueling the Growth of the Thoracic Surgery Devices Market?
The increasing prevalence of thoracic diseases is expected to drive the growth of the thoracic surgery device market. Thoracic diseases affect organs and structures in the chest area, and thoracic surgery devices assist surgeons in performing precise and safe procedures within the chest cavity. In 2023, the Australian Institute of Health and Welfare reported that chronic obstructive pulmonary disease (COPD) accounted for 3.6% of the total disease burden, with respiratory conditions representing 50% of the overall disease burden. This rising prevalence of thoracic diseases is contributing to the growth of the thoracic surgery device market.
What Are the Major Segments of the Thoracic Surgery Devices Market?
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
What New Trends Are Transforming the Thoracic Surgery Devices Market?
Companies in the thoracic surgery devices market are innovating with 3D-printed bioresorbable airway stents for precise, customized, and durable airway support. For instance, in February 2021, ETH Zurich introduced 3D-printed airway stents made from bioresorbable materials. These stents dissolve gradually after implantation, tailored to a patient’s airway anatomy, providing effective support without requiring removal.
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Which Regions Are Driving Growth in the Thoracic Surgery Devices Market?
North America was the largest region in the thoracic surgery devices market in 2023. The regions covered in the thoracic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Thoracic Surgery Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the thoracic surgery devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Thoracic Surgery Devices Market Include
1. Thoracic Surgery Devices Market Executive Summary
2. Thoracic Surgery Devices Market Segments
3. Thoracic Surgery Devices Market Size And Template Market Growth Rate
4. Key Thoracic Surgery Devices Market Trends
5. Major Thoracic Surgery Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Thoracic Surgery Devices Market
26. Top Thoracic Surgery Devices Companies
27. Thoracic Surgery Devices Market Opportunities And Strategies
28. Thoracic Surgery Devices Market, Conclusions And Recommendations
29. Appendix
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