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Base Year: 2024
Companies covered: 15
Tables & Figures: 120
Countries covered: 19
Pages: 130
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Thoracic Surgery Devices Market
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Thoracic Surgery Devices Market Size
The global thoracic surgery devices market size was valued at USD 750.8 million in 2024. The market is anticipated to grow from USD 792.4 million in 2025 to USD 1.37 billion in 2034, growing at a CAGR of 6.3% from 2025 to 2034. Thoracic surgery devices are specialized medical equipment and tools intended for surgical procedures aimed at the organs and structures of the thoracic cavity.
The increasing prevalence of lung cancer, chronic obstructive pulmonary disease (COPD), and other thoracic conditions is driving the growth of the market. According to the World Health Organization (WHO), COPD was the fourth leading cause of death globally, accounting for 3.5 million fatalities in 2021.
Similarly, in 2023, lung cancer remained the leading cause of cancer-related deaths worldwide, with high mortality rates among both men and women (WHO). These conditions often necessitate surgical intervention, particularly in moderate to severe cases. Factors such as rising smoking rates, pollution, and aging populations are contributing to the growing incidence of these diseases, thereby increasing the demand for advanced thoracic surgical instruments and devices to improve treatment outcomes.
The adoption of minimally invasive thoracic surgical techniques, such as video-assisted thoracic surgery (VATS) and robot-assisted thoracic surgery (RATS), is significantly influencing the market. These techniques offer advantages such as shorter hospital stays, reduced postoperative pain, and fewer complications. Consequently, there is a rising demand for precise, ergonomic, and technologically advanced surgical tools, including digital staplers and robotic systems, to enhance surgical accuracy and efficiency.
The shift toward outpatient care has accelerated the growth of ambulatory surgical centers (ASCs) as cost-effective alternatives to hospitals. ASCs are increasingly performing thoracic procedures, particularly those suited for minimally invasive approaches. This trend is driving the demand for compact, user-friendly surgical devices that align with the workflow and spatial constraints of outpatient settings. Manufacturers are focusing on developing instruments that balance performance and cost while ensuring quick turnaround times to meet the operational needs of these facilities.
Thoracic Surgery Devices Market Trends
Thoracic Surgery Devices Market Analysis
In 2021, the global market was valued at USD 642.8 million. The following year, it saw a slight increase to USD 676.2 million, and by 2023, the market further climbed to USD 712.3 million. Based on product type, the global market is segmented into clamps, forceps, graspers, staplers, scissors, spreaders, needle holders, and other products. The staplers segment accounted for the highest market share and was valued at USD 205.9 million in 2024.
Based on surgery type, the global thoracic surgery devices market is categorized into lobectomy, wedge resection, pneumonectomy, and other surgery types. The lobectomy segment dominated the market with 44.2% market share in 2024.
Based on end use, the global thoracic surgery devices market is classified into hospitals, ambulatory surgical centers, and other end users. In 2024, the hospitals segment held the highest market share of 65.2% and is expected to showcase significant growth over the analysis period.
The North America thoracic surgery devices market dominated the global market in 2024, valuing at USD 335.6 million. The market dominance is attributed to the high volume of thoracic surgical procedures performed in U.S. and Canada, and widespread availability of advanced healthcare infrastructure.
The U.S. market was valued at USD 260.3 million and USD 273.5 million in 2021 and 2022, respectively. The market size reached USD 302.8 million in 2024, growing from USD 287.7 million in 2023.
Europe thoracic surgery devices market accounted for USD 189.2 million in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany thoracic surgery devices market is anticipated to witness considerable growth over the analysis period.
The Asia Pacific thoracic surgery devices market is anticipated to grow at the highest CAGR of 7% during the analysis timeframe.
China thoracic surgery devices market is predicted to grow significantly over the forecast period.
Brazil is experiencing significant growth in the Latin America thoracic surgery devices market due to the increasing demand for advanced thoracic surgery devices in healthcare.
Saudi Arabia is poised to witness substantial growth in the Middle East and Africa thoracic surgery devices market during the forecast period.
Thoracic Surgery Devices Market Share
The market is characterized by intense competition among established global players, regional manufacturers, and emerging companies. Leading firms such as Medtronic, Johnson & Johnson, Intuitive Surgical, Karl Storz, and ConMed collectively account for approximately 70% of the global market share.
These key players employ strategies like acquisitions, business expansion, and new product launches to maintain their market leadership. Furthermore, numerous local and regional companies are intensifying competition by offering cost-effective solutions. These players are actively pursuing strategies such as mergers, acquisitions, and innovative product developments to broaden their product portfolios and strengthen their market presence.
Thoracic Surgery Devices Market Companies
Few of the prominent players operating in the thoracic surgery devices industry include:
Thoracic Surgery Devices Industry News
The thoracic surgery devices market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By Product
Market, By Surgery Type
Market, By End Use
The above information is provided for the following regions and countries: