Lung Cancer Surgery Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4076
Lung Cancer Surgery Market size is projected to experience significant growth from 2019 to 2025.
Increase in level of air pollution across the globe especially in developed economies will enhance the business growth in the near future. As per a recent statistics, lung cancer is around 7.0% of all the new cancer cases and almost 9.0% of all cancer related mortality. There are two main types of carcinomas, non-small-cell lung carcinoma (NSCLC) and small-cell lung carcinoma (SCLC). The World Health Organization’s (WHO) International Agency for Research on Cancer has stated that outdoor air pollution as a carcinogen or cancer causing agent. Growing level of pollution is one the major cause to increasing incidences of lung cancer.
Increase in number of people smoking cigarettes will also play a significant role in augmenting the market growth. Majority of lung cancer cases are due to long-term tobacco smoking. Growing number of cigarette smoker across the globe has resulted in more people with lung cancer. Also, the technological advancements in the field of lung cancer surgery and rise in incidences of lung cancer will together act as drivers for the lung cancer surgery market
However, high cost of the lung cancer surgeries will be a major market impeding factor. In many of the developing and under-developed countries the patients are incapable of paying the total expenditure. Also, in developed regions some patients have difficulty in paying the cost of lung cancer surgeries due to unpredictable and unmanageable insurance policies. Hence, high cost and improper insurance coverage will negatively impact the market growth.
Surgical instruments used lung cancer surgery are estimated to hold significant market share owing to high number of surgical procedures. As per the statistics published by Cancer Research UK, there are around 47,000 new lung cancer cases in the UK every year. Increase in number of cancer cases will eventually result in augmenting the lung cancer surgical procedures, fueling the segmental growth in the near future.
Thoracotomy surgical procedure market will show substantial amount of growth over the projection period. In case of severe and last stage lung cancer cases the need for thoracotomy procedure is high. Increase in number of chronic lung cancer cases across the globe will enhance the business growth in the near future.
U.S. is projected to dominate the North America lung cancer surgery market in the upcoming years. As per the recent statistics by the LUNGevity Foundation, around 228,000 people will be diagnosed with lung cancer in the U.S., and also, lung cancer is the leading cause death in the country regardless of other demographic factors. Increase in level of air pollution in the country along with robust rise in number of smokers will enhance the lung caner surgery market in the region.
India lung cancer surgery market is estimated to show lucrative growth in the forthcoming years. In India, it is one of the commonest cancer and also one of the major leading cause of death. Majority of the men in India suffer from cancer due to heavy tobacco smoking. Increase in pollution levels along with rise in number of smokers in the city will boost the market growth.
Some of the significant industry players are Accuray, Angiodynamics, Intuitive Surgical, Karl Storz, Trokamed among others. These key industry players focus on increaseing their market presence by implementing several strategies such as mergers, acquisitions, partnerships, and collaborations.
Lung Cancer Surgery Market, By Product, 2014-2025 (USD Million)
- RIB Shears
- Monitoring and Visualizing Systems
- Endosurgical Equipment
- Endoscopic Trocars With Optical Views
- Cameras & Video Support
Lung Cancer Surgery Market, By Surgery, 2014-2025 (USD Million)
- Sleeve Resection
- Minimally Invasive Surgeries
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Accuray Incorporated
- Angiodynamics Inc.
- Ethicon Us, LLC (Johnson & Johnson)
- Intuitive Surgical Inc.
- Olympus Corporation
- Teleflex Incorporated
- Ackermann Instrumente GmbH
- Karl Storz GmbH
- Scanlan International, Inc.
- Trokamed GmbH
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