Global Thoracic Surgery Devices Market, By Product (Cardiac Rhythm Management (CRM) and Cardiac Assist, Heart Valve Repair and Replacement, Heart Defect Closure, Cardiopulmonary Devices, Others), End-Users (Hospitals, Clinics, Ambulatory Surgery Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the thoracic surgery devices market to account USD 11.79 billion by 2028 and growing at a CAGR of 7.23% in the forecast period of 2021-2028.
Thoracic surgery devices are defined as medical instruments, components, and devices used to operate on and treat patients' chest problems. Organs including the lungs, heart and oesophagus are treated using these surgical treatments. Lung transplantation, heart transplantation, coronary artery bypass, removal of cancer-affected body parts and other thoracic surgery procedures are among them.
Surge in the adoption of minimally invasive properties growing number of patients suffering from cardiovascular diseases with lung disorders are the major factors that will influence the growth of thoracic surgery devices market. Furthermore, growing use of video-assisted surgical systems coupled with the energy based devices and high volume of facilities established for easy use and implementation of cardiac rhythm management devices are the driving factor accelerating the growth of the thoracic surgery devices market.
Rising innovations and adoption of advanced technologies for surgical methods and devices will further provide beneficial opportunities for the market growth.
However, lack of skilled professionals and complications associated with thoracic surgery such as wound infection, hemorrhage, respiratory failure, pneumonia and others will obstruct the market growth. Lack of awareness about the complications developing through video-assisted thoracic surgery (VATS) will challenge the market of the thoracic surgery devices.
This thoracic surgery devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thoracic surgery devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thoracic Surgery Devices Market Scope and Market Size
The thoracic surgery devices market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the thoracic surgery devices market is segmented into cardiac rhythm management (CRM) and cardiac assist, heart valve repair and replacement, heart defect closure, cardiopulmonary devices and others.
- On the basis of end-user, the thoracic surgery devices market is segmented into hospitals, clinics, ambulatory surgery centers and others.
Thoracic Surgery Devices Market Country Level Analysis
The thoracic surgery devices market is analysed and market size insights and trends are provided by country, product and end-user as referenced above.
The countries covered in the thoracic surgery devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thoracic surgery devices market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major players, high healthcare expenditure and rising use of technological advance devices in hospitals in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the growing awareness about thoracic surgery, changing lifestyle, and increasing population in this region.
The country section of the thoracic surgery devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The thoracic surgery devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for thoracic surgery devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the thoracic surgery devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Thoracic Surgery Devices Market Share Analysis
The thoracic surgery devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thoracic surgery devices market.
The major players covered in the thoracic surgery devices market report are Olympus Corporation; KLS Martin Group; B. Braun Melsungen AG; Medtronic; OmniGuide Holdings, Inc.; biolitec AG; Intuitive Surgical; Scanlan International; Getinge AB; Johnson & Johnson Private Limited, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Thoracic Surgery Devices Market
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