Global Thoracic Surgery Market by Type (Coronary Artery Bypass Grafting (CABG), Heart Valve Repair, Transcatheter Heart Valve Replacement (TAVR), Left Atrial Appendage (LAA) Closure, Thoracic Endovascular Aortic Repair (TEVAR)), By Application (Hospitals, Clinics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global thoracic surgery market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to factors such as rising prevalence of cardiovascular diseases, technological advancements in the field of thoracic surgery, and increasing demand for minimally invasive surgeries. By type, the coronary artery bypass grafting (CABG) segment is expected to account for the largest share of the global thoracic surgery market in 2018. This segment is also projected to grow at a CAGR of 6.8% from 2018 to 2030. By application, hospitals are expected to account for the largest share of the global thoracic surgery market in 2018.



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Product Definition:

Thoracic surgery is the surgical specialty that deals with diseases of the chest, especially cancers and other thoracic conditions.

Coronary Artery Bypass Grafting (CABG):

CABG, also known as coronary artery bypass grafting or Coronary Artery Bypass, is a surgery to clear blocked blood vessels that supply the heart. It's an operation used to improve blood flow in the heart and lungs. The main objective of this surgery is to open up arteries so that more oxygenated blood can get delivered to the tissues and organs.

Heart Valve Repair:

The heart valve repair is used in the treatment of congenital heart diseases and structural defects. The most common type of congenital heart disease is known as a hole in the heart wall, which occurs when blood flow through the affected valve becomes weak. This condition may lead to serious complications if not treated at an early stage.

Application Insights:

Based on application, the market is segmented into hospitals, clinics and other medical facilities. Hospitals held the largest share in 2017 owing to factors such as a large patient base and presence of highly skilled surgeons. In addition, hospitals have established departments that perform complex surgeries such as cardiac surgery or thoracic endovascular aortic repair which enables them to maintain high standards of services over time.

The others segment includes surgical centers and other medical facilities that provide limited access to advanced procedures due to their remote locations or because they lack necessary infrastructure required for advanced procedures such as an operating room table with proper lighting equipment and surgical instruments storage space. These types of surgeries are performed by experienced surgeons in less than ideal conditions but still produce acceptable results due to their expertise in handling difficult situations where perfection is not possible even though better outcomes can be expected compared with conventional methods used for treatment purposes.

Regional Analysis:

North America dominated the global market in 2017. This can be attributed to factors such as favorable reimbursement policies, rising prevalence of heart diseases and cancer, increasing awareness about available treatment options, and presence of well-established healthcare facilities. Moreover, growing number of research activities undertaken by key players to improve existing products is expected to drive the regional market during the forecast period.

Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions in emerging countries like India & China and government initiatives pertaining cardiac care procedures & devices distribution network expansion (for instance ‘Make in India’ initiative). In addition, booming medical tourism industry will also help boost demand for Thoracic Surgery Procedures in this region thereby driving regional growth during the estimated time frame.

Growth Factors:

Increasing incidence of respiratory diseases: The global prevalence of respiratory diseases is increasing every year. This is mainly due to the changing lifestyle and environmental factors. Respiratory diseases are one of the leading causes of death across the world. This is expected to drive the demand for thoracic surgery procedures in the coming years.
Growing awareness about thoracic surgery procedures: There is a growing awareness among people about thoracic surgery procedures and their benefits. This has led to an increase in demand for these surgeries in recent years.
Technological advancements in thoracic surgery: There have been significant advancements in technology used for performing thoracic surgeries in recent years. These technological advances are helping surgeons perform complex surgeries with greater accuracy and precision, thus improving patient outcomes significantly..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Thoracic Surgery Market Research Report
By Type
Coronary Artery Bypass Grafting (CABG), Heart Valve Repair, Transcatheter Heart Valve Replacement (TAVR), Left Atrial Appendage (LAA) Closure, Thoracic Endovascular Aortic Repair (TEVAR)
By Application
Hospitals, Clinics, Others
By Companies
Boston Scientific, Medtronic, Abbott, AtriCure, BioVentrix, C. R. Bard
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.

Global Thoracic Surgery Market Report Segments:
The global Thoracic Surgery market is segmented on the basis of:
Types
Coronary Artery Bypass Grafting (CABG), Heart Valve Repair, Transcatheter Heart Valve Replacement (TAVR), Left Atrial Appendage (LAA) Closure, Thoracic Endovascular Aortic Repair (TEVAR)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Boston Scientific
Medtronic
Abbott
AtriCure
BioVentrix
C. R. Bard



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Highlights of The Thoracic Surgery Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Coronary Artery Bypass Grafting (CABG)
Heart Valve Repair
Transcatheter Heart Valve Replacement (TAVR)
Left Atrial Appendage (LAA) Closure
Thoracic Endovascular Aortic Repair (TEVAR)
By Application:
Hospitals
Clinics
Others
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Thoracic Surgery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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