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Global Thoracic Surgery Market 2016-2020

Global Thoracic Surgery Market 2016-2020

About Thoracic Surgery

Thoracic surgery involves surgical treatment (open surgery or minimally invasive surgery) to address medical conditions involving the heart or lungs. It includes procedures such as redo heart surgery, aortic dissection for aortic surgery, minimally invasive mitral valve repair and replacement, and endovascular repair of thoracic aortic aneurysms. It is performed to treat end-stage heart failure, heart-lung transplants, and placement of ventricular-assist devices.

Technavio’s analysts forecast the global thoracic surgery market to grow at a CAGR of 10.16% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global thoracic surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of medical devices required for thoracic surgeries

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thoracic Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Boston Scientific
  • Medtronic
  • Sorin
  • St. Jude Medical
  • Terumo
Other prominent vendors
  • Abbott Vascular
  • Abiomed
  • AtriCure
  • Biosensors International
  • Biotronik
  • BioVentrix
  • C. R. Bard
  • Cardiac Assist
  • CircuLite
  • Cordis
  • Corindus Vascular Robotics
  • CryoLife
  • CVRX
  • Edwards Lifesciences
  • HeartWare
  • Intuitive Surgical
  • Jarvik Heart
  • MAQUET Cardiovascular
  • Merit Medical Systems
  • MicroMed Cardiovascular
  • On-X Life Technologies
  • OrbusNeich
  • Qvanteq
  • Spectranetics
  • Sunshine Heart
  • SynCardia Systems
  • Thoratec
  • Volcano
Market driver
  • Rise in incidence of cardiac disorders and increase in aging population
  • For a full, detailed list, view our report
Market challenge
  • Potential complications associated with cardiac surgery
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of robot-assisted cardiac surgery
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Thoracic Surgery Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Thoracic Surgery Market: Boston Scientific, Medtronic, Sorin, St. Jude Medical, and Terumo.

Other Prominent Vendors in the market are: Abbott Vascular, Abiomed, AtriCure, Biosensors International, Biotronik, BioVentrix, C. R. Bard, Cardiac Assist, CircuLite, Cordis, Corindus Vascular Robotics, CryoLife, CVRX, Edwards Lifesciences, HeartWare, Intuitive Surgical, Jarvik Heart, MAQUET Cardiovascular, Merit Medical Systems, MicroMed Cardiovascular, On-X Life Technologies, OrbusNeich, Qvanteq, Spectranetics, Sunshine Heart, SynCardia Systems, Thoratec, and Volcano.

Commenting on the report, an analyst from Technavio’s team said: “Robotic technology provides allows manueverability of surgical instruments in closed and complicated spaces inside a human body. Robotic surgical procedures can reduce hospital stays and facilitate cost management. It also ensures improved outcomes, shorter recovery periods, and reduced pain and discomfort. An awareness of the benefits of robotic surgeries among patients and surgeons has compelled hospitals and clinics to employ robots to perform robot-assisted cardiac surgeries. The benefits of this type of surgery is expected to fuel the growth of the global thoracic surgery market during the forecast period.”

According to the report, there has been an increase in the incidence and prevalence of cardiac diseases globally, with sudden cardiac arrest being the leading cause of death among individuals aged 40 and above. According to the Sudden Cardiac Arrest Foundation, the number of fatalities caused by cardiac disorders worldwide matches those caused collectively by Alzheimer's disease, breast, cervical, prostate, and colorectal cancer. The high incidence of cardiac disorders is likely to increase the demand for cardiac surgeries, thereby contributing to market growth.

Further, the report states that the risk of these potential complications is expected to limit the growth of the market.

Companies Mentioned

Boston Scientific, Medtronic, Sorin, St. Jude Medical, Terumo, Abbott Vascular, Abiomed, AtriCure, Biosensors International, Biotronik, BioVentrix, C. R. Bard, Cardiac Assist, CircuLite, Cordis, Corindus Vascular Robotics, CryoLife, CVRX, Edwards Lifesciences, HeartWare, Intuitive Surgical, Jarvik Heart, MAQUET Cardiovascular, Merit Medical Systems, MicroMed Cardiovascular, On-X Life Technologies, OrbusNeich, Qvanteq, Spectranetics, Sunshine Heart, SynCardia Systems, Thoratec, Volcano.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global thoracic surgery market
    • Market size and forecast
      • Table Global thoracic surgery market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Table Segmentation of global thoracic surgery market by technology 2015
    • Table Segmentation of global thoracic surgery market by technology 2020
    • Table Segmentation of global thoracic surgery market by technology 2015-2020
    • CABG
      • Table Global CABG market 2015-2020 ($ billions)
      • Table Segmentation of global CABG market by geography 2015
    • Heart valve repair
      • Table Global heart valve repair market 2015-2020 ($ billions)
      • Table Segmentation of global heart valve repair market by geography 2015
    • TAVR
      • Table Segmentation of TAVR by product type
      • Table Comparison of transfemoral and transapical implantation
      • Table Global TAVR market 2015-2020 ($ billions)
      • Table Segmentation of global TAVR market by geography 2015
    • LAA closure
      • Table Segmentation of LAA closure device by product
      • Table Global LAA closure market 2015-2020 ($ millions)
      • Table Segmentation of global LAA closure devices market by geography 2015
      • Table Snapshot of regulations for medical devices
      • Table Timeline of key-events for WATCHMAN device
    • TEVAR
      • Table Global TEVAR market 2015-2020 ($ millions)
      • Table Segmentation of global TEVAR market by geography 2015
  • Geographical segmentation
    • Global thoracic surgery market by geography 2015-2020
      • Table Segmentation of global thoracic surgery market by geography 2015
      • Table Segmentation of global thoracic surgery market by geography 2020
      • Table Segmentation of global thoracic surgery market by geography 2015-2020
    • Thoracic surgery market in Americas
      • Table Thoracic surgery market in Americas 2015-2020 ($ billions)
      • Table Thoracic surgery market in Americas by technology 2015
    • Thoracic surgery market in EMEA
      • Table Thoracic surgery market in EMEA 2015-2020 ($ billions)
      • Table Thoracic surgery market in EMEA by technology 2015
    • Thoracic surgery market in APAC
      • Table Thoracic endovascular surgery market in APAC 2015-2020 ($ billions)
      • Table Thoracic surgery market in APAC by technology 2015
  • Market drivers
    • Rise in incidence of cardiac disorders and increase in aging population
    • Availability of minimally invasive surgery (MIS) for cardiac disorders
    • Long-term cost-effectiveness of cardiac devices
      • Table Comparison of therapies for nonvalvular atrial fibrillation
    • High demand from APAC
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Potential complications associated with cardiac surgery
    • Stringent regulatory environment
    • Lack of skilled practitioners
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing popularity of robot-assisted cardiac surgery
    • Increased use of MRI in cardiac applications
    • Use of TAVR technology and self-expandable stents
    • Growing use of bio-absorbable stents
  • Vendor landscape
    • Competitive scenario
    • Key vendor analysis
      • Table Boston Scientific: Key takeaways
      • Table Medtronic: Key takeaways
      • Table Sorin: Key takeaways
      • Table St. Jude Medical: Key takeaways
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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