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Minimally Invasive Thoracic Surgery Market Size, Share & Research Report 2022 to 2030

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The global Minimally Invasive Thoracic Surgery market size is expected to be worth around US$ 8.5 billion by 2030, according to a new report by Vision Research Reports.

The global Minimally Invasive Thoracic Surgery market size was valued at US$ 4.2 billion in 2020 and is anticipated to grow at a CAGR of 9.7% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 8.5 billion by 2030
Growth Rate CAGR of 9.7% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Medtronic plc; Cardio medical GmbH; Intuitive Surgical; Richard Wolf GmbH; Grena Ltd.; Dextera Surgical Inc.; Teleflex Incorporated; Medela Healthcare; LivaNovaplc; Sklar Surgical Instruments

Growth Factors

Minimally Invasive Surgery (MIS) is gaining popularity owing to the reduced risk and trauma associated with these procedures as small incisions decrease post-operative pain that facilitates a speedy recovery.

Increasing research and development in this field is another high-impact rendering driver of the market. The introduction of novel technologies and devices by the market players has been observed in recent years. In the U.S., lung cancer is the second leading cancer form. According to the American Cancer Society, about 235,760 new lung cancer cases are estimated in 2021. A high number of smokers in the U.S. is a leading cause of cancer prevalence in the region.

Smoking is also one of the major risk factors for lung cancer in developing countries. Nearly 80% of smokers live in middle and low-income countries. This makes developing countries a potential market for thoracic surgeries. Reduction in elective surgeries, concerns related to virus proliferation, and reduced hospital staffs are factors triggered by the Covid-19 outbreak in 2020.  However, the market is said to improve by Q2 of 2022.

By Type Analysis

Lobectomy captured the largest revenue share of over 50.0% in 2020 as it is the most commonly used operation for treating lung cancer. According to a study published in the National Center for Biotechnology Information(NCBI), which was conducted by the Cancer Care Outcomes Research and Surveillance (CanCORS), about 1200 patients were diagnosed with non-small cell lung cancer (NSCLC), out of which 955 patients underwent surgery.

Around 524 patients opted for lobectomy, about 128 of them opted for pneumonectomy, and 209 patients had opted for wedge resection, segmentectomy, sleeve lobectomy, and laser excision. The minimally invasive lobectomy procedures were found to have a shorter median hospital length of stay, improved two-year survival, and increased 30-day readmission rate. Such benefits further help in the higher adoption of the technology, thereby fueling the market growth.

By Regional Analysis

North America dominated the market in 2020 with more than 45.0% share owing to the presence of favorable scenarios for technological advancements, which leads to the development of products that comply with the evolving patient needs, the availability of newly introduced devices, and the presence of skilled surgeons and organized regulatory and reimbursement bodies.

North America and Northern Europe show high estimated rates of lung cancer due to the high incidence rates of tobacco use. Thus, these areas are potential markets for minimally invasive surgeries due to the high prevalence, along with the availability of technologically advanced procedures, thus favoring the market growth.

Key Players

  • Medtronic plc
  • Cardio medical GmbH
  • Intuitive Surgical
  • Richard Wolf GmbH
  • Grena Ltd.
  • Dextera Surgical Inc.
  • Teleflex Incorporated
  • Medela Healthcare
  • LivaNovaplc
  • Sklar Surgical Instruments

Market Segmentation

  • By Type
    • Lobectomy
    • Wedge Resection
    • Pneumonectomy
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • Japan
      • China
      • India
    • Latin America
      • Brazil
      • Mexico
    • MEA
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Minimally Invasive Thoracic Surgery Market, By Application

7.1.  Minimally Invasive Thoracic Surgery Market, by Application, 2021-2030

7.1.1.    Lobectomy

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Wedge Resection

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Pneumonectomy

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Minimally Invasive Thoracic Surgery Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  Medtronic plc

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Cardio medical GmbH

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Intuitive Surgical

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  Richard Wolf GmbH

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Grena Ltd.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Dextera Surgical Inc.

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Teleflex Incorporated

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Medela Healthcare

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

Glossary of Terms

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