Global Thoracic Surgery Market 2019-2023

The global thoracic surgery market size will grow by USD 12.94 billion during 2019-2023. The thoracic surgery market report provides a detailed analysis of the market by product (CRM and cardiac assist devices, heart valve repair and replacement devices, cardiopulmonary devices, heart defect closure devices, and other thoracic surgery devices) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., LivaNova Plc, and Medtronic Plc.

Some of the key findings from our thoracic surgery market forecast report are summarized below

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Global Thoracic Surgery Industry Overview

The global thoracic surgery market is witnessing the adoption of several advanced technologies in both open procedures and MI surgeries. The popularity of video-assisted thoracoscopic surgery (VATS) involving the use of high-definition (HD) thoracoscopes, and advanced stapling devices, surgical instruments, and energy devices are growing among end-users. Technological advancements in endoscopy have also aided the development of ultra-MI thoracic procedures, which are incisionless and can be performed on patients with the benign esophageal disease and early-stage esophageal cancer. Similarly, advancements in bronchoscopic technologies have enabled the development of alternatives to invasive lung cancer diagnostic/therapeutic procedures and the management of patients with COPD and thoracic malignancies during VATS procedures. Significant advances in devices such as cardiac assist devices, cardiac rhythm devices, heart defect closure devices, and heart valve repair and replacement devices will further boost the demand for thorax surgeries. Hence, the technological advances, coupled with new product launches, will fuel the growth of the thoracic surgery market throughout the next five years.

Factors such as the increasing number of CRM device replacements, a growing number of CRM device implantation facilities, and the rising prevalence of CVDs and lung diseases are contributing to the increasing demand for thoracic surgeries. The demand for thoracic surgeries has also increased among older patients and patients with severe comorbid conditions because of technological advancements in thoracic surgery devices and improved experience and confidence of surgeons to operate on high-risk individuals. Recommendations by several health organizations supporting the use of thorax surgery devices for various indications will further drive the demand for advanced thoracic surgery devices from end-users. The increasing number of thoracic surgeries will be a critical trend augmenting the growth of the market at a CAGR of over 9% during the forecast period.

Top Thoracic Surgery Companies Covered in this Market Research Report

The global thoracic surgery market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this thoracic surgery market analysis report also includes information on the upcoming thoracic surgery market trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

The report offers a detailed analysis of several leading thoracic surgery companies, including:

• Abbott Laboratories
• Boston Scientific Corp.
• Edwards Lifesciences Corp.
• LivaNova Plc
• Medtronic Plc

Thoracic Surgery Market Segmentation Based on Product

• CRM and cardiac assist devices
• Heart valve repair and replacement devices
• Cardiopulmonary devices
• Heart defect closure devices
• Other thoracic surgery devices

The CRM and cardiac assist devices segment will account for the highest thoracic surgery market share. The increasing prevalence of cardiac arrhythmia and the growing aging population will boost the demand for CRM devices in the thoracic surgery market. The increasing adoption of CRM devices is mainly due to the technological advancements related to battery longevity and miniaturization, device software and programming, remote monitoring systems, and implantation techniques. The demand for cardiac assist devices will grow because of factors such as the increasing prevalence of advanced HF, shortage of suitable donor hearts for transplantation, and favorable reimbursement policies. This report provides an accurate prediction of the contribution of all segments to the growth of the thoracic surgery market size.

Thoracic Surgery Market Segmentation Based on Geographic Region

• Asia
• Europe
• North America
• ROW

With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the thoracic surgery market throughout the forecast period. Factors such as the rising expenditure on CVDs and lung diseases, high prevalence of CVD, increasing number of product approvals, rising older population, and rising adoption of technologically advanced thoracic surgery devices will contribute to the thoracic surgery market growth in this region.

Key Highlights of the Global Thoracic Surgery Market for the Forecast Period 2019-2023

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the thoracic surgery market during the next five years
• Precise estimation of the global thoracic surgery market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the thoracic surgery industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of thoracic surgery companies 

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