North America Thoracic Surgery Devices Market Size, Share & Industry Trends Analysis Report By Surgery Type (Lobectomy, Wedge Resection, Pneumonectomy, and Others), By Product, By End-Use, By Country and Growth Forecast, 2023 - 2030

The North America Thoracic Surgery Devices Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030).

Thoracic surgery removes the thymus gland, often in treating myasthenia gravis and thymoma. Innovative tools and minimally invasive techniques are increasingly being utilized in these procedures. The development of minimally invasive techniques has transformed thoracic surgery by reducing patient trauma, recovery time, and complications. Devices like thoracoscopes, trocars, and staplers enable surgeons to perform complex procedures through small incisions. Thoracic surgery has become more accessible to patients due to the development of minimally invasive and robotic-assisted surgical procedures, resulting in shorter hospital stays and quicker recoveries. This has significantly expanded the use of thoracic surgery devices. The increasing incidence of thoracic diseases, including lung cancer, cardiovascular diseases, and esophageal disorders, has increased demand for thoracic surgery. As a result, the adoption of thoracic surgery devices has naturally followed suit.

The development of biodegradable materials for thoracic surgery devices is an emerging trend. These materials reduce the need for secondary surgeries to remove implanted devices, improving patient outcomes and comfort. The demand for advanced stapling and suturing devices is rising. These devices reduce the risk of postoperative complications and improve the efficiency of thoracic surgeries. Medical image analysis using AI and machine learning techniques helps in the early detection and diagnosis of thoracic diseases. This technology can help identify tumors, anomalies, and treatment responses, improving patient care. Smart instruments equipped with sensors and real-time feedback mechanisms assist surgeons in maintaining optimal surgical conditions. These devices provide temperature, tissue tension, and vessel integrity data, allowing for precise decision-making during surgery.

According to the Canadian Institute for Health Information, Canada's senior population of those 65 and older will expand by 68% over the next 20 years. It has more than tripled in size in the last 40 years. In 2017, it was around 6.2 million. It is anticipated to reach 10.4 million in 2037. This population in Canada is projected to increase by 2.1 times by 2037 from its size in 2017. Lung cancer is a significant concern in Canada, predominantly affecting older individuals. Surgical resections, such as lobectomy and pneumonectomy, are commonly performed to treat lung cancer. The demand for thoracic surgery devices, including staplers and energy-based instruments, is substantial. Canada is known for its technological innovation in the medical field. These factors are anticipated to contribute to expanding the regional market.

The US market dominated the North America Thoracic Surgery Devices Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $261.9 Million by 2030. The Canada market is exhibiting a CAGR of 7.8% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.9% during (2023 - 2030).

Based on Surgery Type, the market is segmented into Lobectomy, Wedge Resection, Pneumonectomy, and Others. Based on Product, the market is segmented into Forceps, Graspers, Clamps & Staplers, Scissors, Spreaders, Needle Holders, and Others. Based on End-use, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, Cardiotrack, Intuitive Surgical, Inc., Richard Wolf GmbH, Grena Ltd., Dextera Surgical Inc. (Aesculap Inc.), Teleflex, Inc., Medela AG, LivaNova PLC, and Sklar Corporation.

Scope of the Study

Market Segments Covered in the Report:

By Surgery Type

• Lobectomy
• Wedge Resection
• Pneumonectomy
• Others

By Product

• Forceps
• Graspers
• Clamps & Staplers
• Scissors
• Spreaders
• Needle Holders
• Others

By End-use

• Hospitals
• Ambulatory Surgical Centers
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America

Key Market Players

List of Companies Profiled in the Report:

• Medtronic PLC
• Cardiotrack
• Intuitive Surgical, Inc.
• Richard Wolf GmbH
• Grena Ltd.
• Dextera Surgical Inc. (Aesculap Inc.)
• Teleflex, Inc.
• Medela AG
• LivaNova PLC
• Sklar Corporation

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