Minimally Invasive Thoracic Surgery Market Share, Future Demand and Forecast till 2029

Minimally Invasive Thoracic Surgery Market Value and CAGR

The global market for minimally invasive thoracic surgery was valued at USD 2.9 billion in 2020 and is expected to grow at an 8.4% CAGR from 2021 to 2029. This can be attributed to the rising prevalence of chronic diseases like lung cancer, which necessitates better, faster, and more patient-friendly diagnostic and therapeutic facilities, a growing preference for minimally invasive procedures, and technological advancements that meet patient needs.

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Approximately 235,760 new cases of lung cancer were diagnosed. The da Vinci Surgical System (Intuitive Surgical Inc.) is the most commonly used computer-enhanced endoscopic system capable of laparoscopic surgery. It accounts for 20% of cancer deaths worldwide and is preventable due to the development of surgical procedures, which is expected to increase the demand for minimally invasive thoracic surgeries.

The ongoing and accelerated development of novel technologies indicates rapid progress in the field of minimally invasive thoracic surgery. Geisinger Health System launched Proven Care, an initiative that provides patients with a "guarantee" to cover all expenses incurred due to complications during the first 90 days of follow-up admissions.

Minimally Invasive Thoracic Surgery Market Growth Drivers and Risks

Growth Drivers

Several factors are propelling the minimally invasive thoracic surgery market forward: Thoracic diseases such as lung cancer, esophageal cancer, and emphysema are becoming more common, resulting in an increase in demand for minimally invasive thoracic surgery. Technological advancements: Significant advances in minimally invasive surgical technologies have occurred in recent years, allowing for more complex procedures to be performed through smaller incisions. This is propelling the use of minimally invasive thoracic surgery.

Risks:

There are a few risks and challenges to minimally invasive thoracic surgery as well: Minimally invasive thoracic surgery necessitates advanced surgical skill and training, and not all surgeons are qualified to perform these procedures. This may limit some patients' access to these procedures. While the risk of complications is generally lower with minimally invasive thoracic surgery than with traditional open surgery, complications such as bleeding, infection, and injury to surrounding tissues still exist.

Minimally Invasive Thoracic Surgery Market Key players

By Company

• Medtronic plc
• Cardio medical GmbH
• Intuitive Surgical
• Richard Wolf GmbH
• Grena Ltd

Minimally Invasive Thoracic Surgery Market Segmentations

By Type

• Lobectomy
• Wedge Resection
• Pneumonectomy

Table of content

Chapter 1. Executive Summary 
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Minimally Invasive Thoracic Surgery Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Minimally Invasive Thoracic Surgery Market, by Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Minimally Invasive Thoracic Surgery Market Definition and Scope 
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Minimally Invasive Thoracic Surgery Market Dynamics 
3.1. Minimally Invasive Thoracic Surgery Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing cases of chronic diseases 
3.1.1.2. Rising preferences to minimally invasive procedure
3.1.2. Market Challenges
3.1.2.1. High surgeries cost
3.1.3. Market Opportunities
3.1.3.1. Increasing technological advancements and development of new products

Chapter 4. Global Minimally Invasive Thoracic Surgery Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political 
4.2.2. Economical
4.2.3. Social 
4.2.4. Technological 
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity 
4.6. Top winning strategies 

Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1.  Assessment of the overall impact of COVID-19 on the industry
5.1.2.  Pre COVID-19 and post COVID-19 market scenario

Chapter 6. Global Minimally Invasive Thoracic Surgery Market, by Type 
6.1. Market Snapshot 
6.2. Global Minimally Invasive Thoracic Surgery Market by Type, Performance - Potential Analysis
6.3. Global Minimally Invasive Thoracic Surgery Market Estimates & Forecasts by Type, 2018-2027 (USD Billion)
6.4. Minimally Invasive Thoracic Surgery Market, Sub Segment Analysis
6.4.1.  Lobectomy
6.4.2. Wedge Resection

…TOC to be continued…

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