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What is the Future CAGR of the Thoracic Surgery Devices Market, and How Will It Impact Industry Expansion?

Recent years have witnessed robust growth in the size of the thoracic surgery devices market. Its projected growth will leap from $8.89 billion in 2024 to $9.74 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.7%. Factors such as the advancement in surgical procedures, increasing number of aged individuals and prevalence of thoracic diseases, rise in surgical volume, development in healthcare infrastructure, and initiatives in training and education have significantly contributed to its growth during the historic period.

There is a prediction of robust expansion for the thoracic surgery devices market in the forthcoming years, with an expected value of $13.26 billion by 2029 and a compound annual growth rate (CAGR) of 8.0%. The projected growth during this forecast period is attributed to the incorporation of robotics and AI, a focus on patient-oriented strategies, bespoke implant solutions, telemedicine, and remote surgeries, as well as the adoption of value-based healthcare models. The main trends for the forecast period encompass global partnerships in healthcare, technological advancements in medical equipment, improvements in imaging technology, the extension of telemedicine, and support for remote surgeries, plus an increase in ambulatory surgical centers (ascs).

What External and Internal Drivers Are Contributing to the Growth of the Thoracic Surgery Devices Market’s Growth?

Anticipated to be fuelled by the increasing incidence of thoracic diseases, the thoracic surgery device market is on the rise. Thoracic diseases, which involve conditions impacting the chest area containing the heart, lungs, and other major organs, are seeing a significant increase. Thoracic surgery devices assist surgeons in achieving accuracy and safety in procedures related to the chest cavity. For example, the Australian Institute of Health and Welfare stated that chronic obstructive pulmonary disease (COPD) contributed to 3.6% of the total disease burden in 2023 and accounted for half of the total respiratory disease burden. Hence, this rise in thoracic diseases is propelling the market’s growth.

Driving the Thoracic Surgery Device Market: A Surge in Lung Cancer Cases Fuels the Market

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What Are the Top Market Players Propelling the Growth of the Thoracic Surgery Devices Industry?

Major companies operating in the thoracic surgery devices market report are:

• Cardinal Health_x000D_

• Medtronic PLC_x000D_

• Danaher Corporation_x000D_

• Becton_x000D_

• Dickinson and Company_x000D_

What Are the Key Trends to Watch in the Thoracic Surgery Devices Market Over the Coming Years?

Leading enterprises in the thoracic surgery devices market are innovating advanced plate and screw fixation systems to minimize complexities in chest surgery procedures. These systems aim to provide stability and ensure the security of bones or tissue fragments in the process of healing post orthopedic or thoracic surgeries. DePuy Synthes, a renowned medical device firm in the United States, for example, released the MatrixSTERNUM fixation system in August 2024. The system comprises of a plate and screw mechanism specially devised to steady the chest wall following open-heart and chest surgical procedures. This ground-breaking system betters patient care in surgical theatres through exceptional locking strength, swift chest fixation, and comparatively thinner, low-profile plates against competing systems. The MatrixSTERNUM system possesses locking strength three times greater than the leading product, offering enhanced sternum fixation while healing. The system provides multi-hole screw guides, ensures speedy and precise plate fixation, considerably lowers the procedure duration. The low-profile 1.5 mm plates, which are thin and can be shaped, lessen visibility beneath the skin.

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Which Primary Segments of the Thoracic Surgery Devices Market Are Driving Growth and Industry Transformations?

The thoracic surgery devices market covered in this report is segmented –

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

Subsegments:

1) By Forceps: Straight Forceps, Curved Forceps

2) By Graspers: Tissue Graspers, Vessel Graspers

3) By Clamps and Staplers: Surgical Clamps, Stapling Devices

4) By Scissors: Surgical Scissors, Dissecting Scissors

5) By Spreaders: Rib Spreaders, Tissue Spreaders

6) By Needle Holders: Standard Needle Holders, Fine Tip Needle Holders

7) By Other Products: Electrosurgical Instruments, Surgical Retractors

What Regions Are Dominating the Thoracic Surgery Devices Market Growth?

North America was the largest region in the thoracic surgery devices market in 2024. The regions covered in the thoracic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Defining Aspects of the Thoracic Surgery Devices Market Landscape?

Thoracic surgery devices refer to a variety of specialty instruments and equipment designed for use in surgeries related to the thorax, which includes the chest area containing the lungs, heart, esophagus, and other vital structures. Thoracic surgery devices are designed to provide surgeons with precise control and visualization during surgical procedures, minimizing the risk of complications and improving patient outcomes.

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