Thoracic Surgery Devices Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Thoracic Surgery Devices Market?
The escalating incidence of thoracic diseases is predicted to spur the expansion of the thoracic surgery device market. Thoracic diseases involve a variety of conditions that impact the organs and structures within the chest, including the heart, lungs, esophagus, trachea, diaphragm, and major blood vessels. Thoracic surgical devices are employed to provide thoracic surgeons with the tools necessary to carry out procedures within the chest cavity with precision, effectiveness, and safety. For example, the Australian Institute of Health and Welfare stated that in 2023, chronic obstructive pulmonary disease (COPD) represented 3.6% of all disease burdens and made up half of the disease burden related to respiratory conditions. Consequently, the escalating incidence of thoracic diseases is propelling the expansion of the thoracic surgery device market. Thoracic Surgery Devices Market Driver: Boom in Thoracic Surgery Device Market Due to Rising Lung Cancer Incidences
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#How Does the ProjectedThoracic Surgery Devices Market Growth Compare Over the Forecast Period?
There has been a notable expansion in the market size of thoracic surgery devices in the past few years. The market is projected to rise from a worth of $8.89 billion in 2024 to approximately $9.74 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This robust growth over the historic period is due to improvements in surgical approaches, an ageing population with a higher frequency of thoracic health issues, an increase in the number of surgeries, enhancements in healthcare infrastructure, and initiatives in training and education.
It is anticipated that the thoracic surgery devices market will experience robust growth in the forthcoming years, with projections indicating a growth to $13.26 billion by 2029, at a compound annual growth rate of 8.0%. This increase during the forecast period can be ascribed to various factors such as the insertion of robotics and AI, patient-focused initiatives, custom-made implant solutions, advancement in telemedicine and distant surgeries, and the adoption of value-driven healthcare models. Key trends projected during this period comprise of global alliance in healthcare, progression in technological innovations relating to medical devices, breakthroughs in imaging technology, telemedicine, remote surgical assistance, and a surge in the establishment of ambulatory surgical centers (ASCs).
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What Are the Most Significant Market Trends Transforming theThoracic Surgery Devices Market?
Leaders in the thoracic surgery equipment market are advancing plate and screw fixation devices to minimize the risks tied to chest operations. These are surgical apparatus intended to hold and secure bones or tissue fragments stable during the healing stage following orthopedic or thoracic operations. An example of this is the MatrixSTERNUM fixation system, introduced in August 2024 by DePuy Synthes, a medical device company based in the US. The system is a plate and screw apparatus intended to secure the chest wall after open-heart and chest procedures. This pioneering system boosts patient care in surgery by providing superior locking strength, faster chest stabilization, and slimmer, less prominent plates than its rivals. The MatrixSTERNUM system provides three times more locking strength than the top-tier product, guaranteeing improved sternum stabilization during recuperation. It also possesses multi-hole screw guides for quick and precise plate stabilization, significantly lowering the operation duration. Plus, its 1.5 mm low-profile plates are slim and easily shaped, reducing prominence under the skin.
What Are the Top Market Players Propelling the Growth of theThoracic Surgery Devices Industry?
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
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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
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Thoracic Surgery Devices Market?# 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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