The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Lung Cancer Surgery Market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
The global lung cancer surgery market size was USD 5.72 Billion in 2021 and is expected to register a revenue CAGR of 2.8% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of lung cancer due to sedentary lifestyle is a major factor driving market revenue growth. The most common cancer that results in mortality globally is lung cancer. In the U.S., an estimated 236,740 people were diagnosed with lung cancer in 2022. 3.08 million middle and high school children use at least one tobacco product, including e-cigarettes, while almost 40 million American adults still smoke cigarettes. The U.S. spends about USD 225 billion annually on medical treatment to cure diseases brought on by adult smoking.
In addition, technological advancements in surgical instruments is another key factor driving market revenue growth. For instance, in December 2020, India Medtronic Private Limited, a wholly-owned subsidiary of Medtronic plc., announced the release of EEA Circular Stapler with Tri-Staple Technology, the world's first 3-row Circular Stapler with variable height staples. This technology has a sloping cartridge face that reduces tissue stress, provides constant efficacy over a wide variety of tissue thicknesses, and enables better perfusion into the staple line.
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Key market aspects studied in the report:
- The surgical instruments segment accounted for a significant revenue share in 2021. Advanced surgical tools have improved flexibility and convenience of use of devices in complex surgical operations, which promotes lung cancer surgical procedures.
- Furthermore, technological advancement has aided expansion of the surgical energy instruments segment. Power surgical instruments save surgery times by providing steady performance and top-notch functionality.
- The thoracotomy segment accounted for a significant revenue share in 2021. A thoracotomy is a surgical technique that involves making an incision between ribs to examine and access lungs or other organs in the chest or thorax.
Report Objective:
The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Lung Cancer Surgery market.
The leading market contenders listed in the report are:
Accuray Incorporated, General Electric Company, Johnson and Johnson Services, Inc., Siemens Healthcare GmbH, Olympus Corporation, Teleflex Incorporated, B. Braun SE, Medtronic plc, AngioDynamics, Inc., and FUJIFILM Holdings Corporation
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This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
- Device Outlook (Revenue, USD Billion; 2019-2030)
- Surgical Instruments
- Monitoring Devices
- Endoscopic Instruments
- Surgery Type Outlook (Revenue, USD Billion; 2019-2030)
- Thoracotomy
- Minimally Invasive Surgeries
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Cancer Hospitals
- Ambulatory Surgical Centers
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Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Lung Cancer Surgery Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Key reasons to buy the Global Lung Cancer Surgery Market report:
- The latest report comprehensively studies the global Lung Cancer Surgery market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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