Minimally Invasive Thoracic Surgery Market Size, Share, Growth, Trends, Application Analysis and Forecast, 2018 to 2025
“Global minimally invasive thoracic surgery market size was valued at USD 3.2 billion in 2016 and is projected to grow at a CAGR of 5.69% by 2025�
The global minimally invasive thoracic surgery market is expected to reach USD 5.3 billion by 2025, based on a new report by Grand View Research, Inc. Minimally Invasive Surgery (MIS) is gaining popularity owing to the reduced risk and trauma associated with these procedures as small incisions decrease post-operative pain that facilitates a speedy recovery. Increasing research and development in this field is another high impact rendering driver of the market. Introduction of novel technologies and devices by the market players have been observed in the recent years. In 2016, Cardiac received the FDA clearance for its MicroCutter XCHANGE 30 surgical stapling device for resection and transection in minimally invasive and open pediatric, urologic and thoracic surgical procedures. In the U.S., lung cancer is a second leading cancer form. According to the American Cancer Society, about 222,500 new lung cancer cases are estimated in 2017. A high number of smokers in the U.S. is a leading cause of cancer prevalence in the region. Smoking is also one of the major risk factors for lung cancer in developing countries. Nearly 80% of the smokers live in middle and low-income countries. This makes developing countries a potential market for thoracic surgeries.
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Request a Sample Copy of the Global Minimally Invasive Thoracic Surgery Market Research Report @ www.grandviewresearch.com/industry-analysis/minimally-invasive-thoracic-surgery-market/request/rs1 Further Key Findings from the Study Suggest:
Lobectomy dominated the market in 2016. Lobectomy procedure involves removal of an entire lobe of the lung in cases of stage one non–small cell lung cancer (NSCLC). It is preferred over the limited resections as a large portion is removed, thereby decreasing the risk of recurrence in the local area.
There is a trend of increasing adoption of minimally invasive technique in other types of thoracic surgery such as sleeve lobectomy, segmentectomy, and thoracic sympathectomy. The factors owing to the growth is the technological advancements, better imaging technologies and the introduction of minimally invasive surgical devices.
Geographically, North America held the largest market share in 2016 and is expected to maintain its position during the forecast period. This region dominated the market on account of the high prevalence of the target disorder, high smoking traits in the population and the huge funding involved in the research involving solutions to lung cancer.
Moreover, availability of the technologically advanced surgical methods with better surgeon expertise is expected to increase the market growth.
Asia-Pacific region shows the fastest growth in the coming years due to rapid adoption of technology and growing awareness about the target disorders
Some key industry contributors are Medtronic plc, Cardio medical GmbH, Intuitive Surgical, Richard Wolf GmbH, Grena Ltd., Dextera Surgical Inc., Teleflex Incorporated, Medela Healthcare, LivaNova plc, Sklar Surgical Instruments.
Grand View Research has segmented the minimally invasive thoracic surgery market by type and region: Type Outlook (Market Revenue in USD Million, 2014 - 2025)
Lobectomy
Wedge Resection
Pneumonectomy
Others
Regional Outlook (Market Revenue in USD Million, 2014 - 2025)
North America
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o
U.S.
o
Canada
Europe o
Germany
o
UK
Asia Pacific o
Japan
o
China
Latin America o
Brazil
o
Mexico
Middle East and Africa o
South Africa
Access full research report on global minimally invasive thoracic surgery market: www.grandviewresearch.com/industry-analysis/minimally-invasive-thoracic-surgery-market
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Table of Content of Minimally Invasive Thoracic Surgery Market Research Report Chapter 1 Executive Summary 1.1 Market Snapshot Chapter 2 Research Methodology 2.1 Information Procurement 2.2 Data Analysis Chapter 3 Minimally Invasive Thoracic Surgery Market Variables, Trends & Scope 3.1 Market Segmentation 3.2 Market Driver Analysis 3.2.1 Preference to Minimally Invasive Procedures 3.2.2 Rise in Prevalence of Chronic Diseases 3.2.3 Rapid Technological Advancements and Introduction of New Products 3.3 Market Restraint Analysis 3.3.1 Uncertainty in Regulatory Reforms 3.3.2 High Cost of Surgeries 3.4 Key Opportunities Prioritized 3.5 Minimally Invasive Thoracic Surgery Market - PESTEL Analysis 3.6 Industry Analysis - Porter’s 3.7 Guidelines on VATS 3.7.1 International Society of Minimally Invasive Cardiothoracic Surgery 3.7.2 American College of Chest Physicians (ACCP) 3.7.3 Japanese Association for Chest Surgery Chapter 4 Minimally Invasive Thoracic Surgery Market: Type Estimates & Trend Analysis 4.1 Minimally Invasive Thoracic Surgery Market: Type Analysis 4.2 Lobectomy 4.2.1 Lobectomy Market Estimates and Forecasts, 2014 - 2025 (USD Million) 4.3 Wedge Resection 4.3.1 Wedge Resection Market Estimates and Forecasts, 2014 - 2025 (USD Million) 4.4 Pneumonectomy 4.4.1 Pneumonectomy Market Estimates and Forecasts, 2014 - 2025 (USD Million)
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4.5 Others 4.5.1 Others Market Estimates and Forecasts, 2014 - 2025 (USD Million) Chapter 5 Minimally Invasive Thoracic Surgery Market: Regional Estimates & Trend Analysis, by Type 5.1 Minimally Invasive Thoracic Surgery Market Share, by Region 5.2 North America 5.2.1 Market Estimates and Forecasts, 2014 - 2025 (USD Million) 5.2.2 U.S. 5.2.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.2.3 Canada 5.2.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.3 Europe 5.3.1 Market Estimates and Forecasts, 2014 - 2025 (USD Million 5.3.2 Germany 5.3.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.3.3 UK 5.3.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.4 Asia Pacific 5.4.1 Market Estimates and Forecasts, 2014 - 2025 (USD Million) 5.4.2 Japan 5.4.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.4.3 China 5.4.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.5 Latin America 5.5.1 Market Estimates and Forecasts, 2014 - 2025 (USD Million) 5.5.2 Brazil 5.5.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.5.3 Mexico 5.5.3.1 Market estimates and forecasts, 2014 - 2025 (USD Million) 5.6 MEA 5.6.1 Market Estimates and Forecasts, 2014 - 2025 (USD Million) 5.6.2 South Africa
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5.6.2.1 Market estimates and forecasts, 2014 - 2025 (USD Million) Chapter 6 Competitive Landscape 6.1 Strategy Framework 6.2 Company Profiles 6.2.1 Medtronic plc 6.2.1.1 Company overview 6.2.1.2 Financial performance 6.2.1.3 Product benchmarking 6.2.1.4 Strategic initiatives 6.2.2 CARDIO MEDICAL GmbH 6.2.2.1 Company overview 6.2.2.2 Product benchmarking 6.2.3 Intuitive Surgical 6.2.3.1 Company overview 6.2.3.2 Financial performance 6.2.3.3 Product benchmarking 6.2.3.4 Strategic initiatives 6.2.4 Richard Wolf GmbH 6.2.4.1 Company overview 6.2.4.2 Product benchmarking 6.2.5 Grena Ltd 6.2.5.1 Company overview 6.2.5.2 Product benchmarking 6.2.5.3 Strategic initiatives 6.2.6 Dextera Surgical Inc 6.2.6.1 Company overview 6.2.6.2 Financial performances 6.2.6.3 Product benchmarking 6.2.6.4 Strategic initiatives 6.2.7 Teleflex Incorporated 6.2.7.1 Company overview
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6.2.7.2 Financial performance 6.2.7.3 Product benchmarking 6.2.7.4 Strategic initiatives 6.2.8 Medela Healthcare 6.2.8.1 Company overview 6.2.8.2 Product benchmarking 6.2.8.3 Strategic initiatives 6.2.9 LivaNova PLC 6.2.9.1 Company overview 6.2.9.2 Financial Performance 6.2.9.3 Product benchmarking 6.2.10 Sklar Surgical Instruments 6.2.10.1 Company overview 6.2.10.2 Product benchmarking
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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: www.grandviewresearch.com
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