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What Is the Forecast for the Thoracic Surgery Devices Market from 2024 to 2025?

In recent times, the thoracic surgery devices market size has experienced robust growth. Its expansion is forecasted to continue from $8.89 billion in 2024 to $9.74 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. The growth observed in the historic period is due to factors such as advancements in surgical procedures, an aging demographic, the rise in thoracic diseases, an uptick in surgical volume, development in healthcare infrastructure, and initiatives in training and education.

What Is the Projected Market Size of the Thoracic Surgery Devices Market?

The market for thoracic surgery devices is projected to witness robust growth in the coming years, expanding to $13.26 billion by 2029 at a compound annual growth rate (CAGR) of 8.0%. The predicted growth during this period can be associated with the incorporation of robotics and AI, patient-focused strategies, personalized implant solutions, telemedicine and distant surgery, and value-based healthcare models. Future tendencies are anticipated to involve international cooperation in healthcare, technological advancements in medical devices, progress in imaging technology, telemedicine and support for remote surgery, plus a rise in ambulatory surgical centers (ASCs).

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Who are the Major Competitors in the Thoracic Surgery Devices Market Outlook?

Major companies operating in the thoracic surgery devices market report are Cardinal Health, Medtronic PLC, Danaher Corporation, Becton, Dickinson and Company, Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical, Getinge AB, Teleflex Inc., Cook Group Incorporated, Richard Wolf GmbH, Scanlan International, OmniGuide Holdings Inc., KLS Martin Group, Sklar Surgical Instruments, ATMOS MedizinTechnik GmbH & Co. KG, Medela Healthcare, Dextera Surgical Inc., Biolitec AG, Johnson & Johnson Private Limited, Cardio medical GmbH, Grena Ltd., LivaNova PLC, Sinapi Biomedical

What Is Fueling Growth in the Thoracic Surgery Devices Market?

The increase in thoracic diseases is projected to propel the expansion of the thoracic surgery device market. These diseases impact the organs and structures within the thoracic cavity, including the heart, lungs, esophagus, trachea, diaphragm, and major blood vessels. Devices used in thoracic surgery help surgeons perform accurate and effective procedures in the chest cavity. For instance, The Australian Institute of Health and Welfare stated in 2023 that chronic obstructive pulmonary disease (COPD) was responsible for 3.6% of the total disease burden and made up 50% of the total burden of disease due to respiratory conditions in the same year. Thus, the growing incidence of thoracic diseases is leading to the expansion of the thoracic diseases market. Thoracic Surgery Devices Market Driver: Growth in Thoracic Surgery Device Market Due to Rising Lung Cancer Cases

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Which Thoracic Surgery Devices Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Thoracic Surgery Devices Market?

Leading firms in the thoracic surgery devices market are focusing on creating advanced plate and screw fixation systems to minimize complications linked to chest surgery. These surgical tools are specifically created to ensure bones or tissue fragments are secure and stable during the healing period following orthopedic or thoracic surgeries. For example, DePuy Synthes, a medical device company from the US, introduced the MatrixSTERNUM fixation system in August 2024. This system, designed for stabilizing the chest wall after open-heart and chest surgeries, improves patient care with its superior locking strength, faster chest fixation, and sleek, low-profile plates. With its triple locking strength compared to the leading product, the MatrixSTERNUM system provides improved sternum fixation during recovery. Furthermore, its multi-hole screw guides allow for quick and precise plate fixation, greatly reducing the procedure duration. Meanwhile, its 1.5 mm low-profile plates, which are thin and shapable, reduce their visibility beneath the skin.

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Which Countries Are Leading the Thoracic Surgery Devices Market?

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.

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This Report Delivers Insight On:

1. How big is the thoracic surgery devices market, and how is it changing globally?

2. Who are the major companies in the thoracic surgery devices market, and how are they performing?

3. What are the key opportunities and risks in the thoracic surgery devices market right now?

4. Which products or customer segments are growing the most in the thoracic surgery devices market?

5. What factors are helping or slowing down the growth of the thoracic surgery devices market?

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