Global Thoracic Surgery Market 2019-2023

Global Thoracic Surgery Market 2019-2023

Global Thoracic Surgery Market: About this market

Thoracic surgery is an operation performed for treating conditions of the chest organs, including the heart, lungs, esophagus, and trachea. Technavio’s thoracic surgery market analysis considers the revenues generated from products such as CRM and cardiac assist devices, heart valve repair and replacement devices, cardiopulmonary devices, heart defect closure devices, and other thoracic surgery devices. Our analysis also considers the sales of thoracic surgery in North America, Europe, Asia, and ROW. In 2018, the CRM and cardiac assist devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the increasing prevalence of cardiac arrhythmia will play a significant role in the CRM and cardiac assist devices segment to maintain its market position. Our global thoracic surgery market report looks at factors such as the increasing prevalence of CVDs and lung diseases, growing awareness initiatives and access to healthcare, and technological advances and new product launches. However, the high cost of thoracic surgeries and devices, stringent regulations, and shortage of skilled thoracic surgeons may hamper the growth of the thoracic surgery industry over the forecast period.

Global thoracic surgery market: Overview

Technological advances and new product launches

The global thoracic surgery market is witnessing several technological advancements in both MI surgeries and open procedures. Technological advancements in endoscopy have led to the development of ultra-MI thoracic procedures, which can be performed on patients with the benign esophageal disease and early-stage esophageal cancer. Thus, significant advances in devices will fuel the demand for thoracic surgeries, thereby, driving the growth of the market at a CAGR of more than 9% during the forecast period.

Increasing number of thoracic surgeries

The demand for thoracic surgeries has increased significantly among patients with severe comorbid conditions. This is mainly due to technological advancements in thoracic surgery devices along with improved experience and confidence of surgeons to operate on high-risk individuals. Furthermore, the increase recommendations by health organizations promoting the use of these devices are also propelling the demand for thoracic surgery. Thus, the increasing number of thoracic surgeries is identified as a key trend that will impact the growth of the market during the forecast period.

For the detailed list of factors that will drive the global thoracic surgery market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of few major players, the global thoracic surgery market is concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thoracic surgery providers, that include Abbott Laboratories, Boston Scientific Corp., Edwards Lifesciences Corp., LivaNova Plc, and Medtronic Plc.



Also, the thoracic surgery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • CRM and cardiac assist devices - Market size and forecast 2018-2023
      • Table CRM and cardiac assist devices - Market size and forecast 2018-2023 ($ millions)
      • Table CRM and cardiac assist devices - Year-over-year growth 2019-2023 (%)
    • Heart valve repair and replacement devices - Market size and forecast 2018-2023
      • Table Heart valve repair and replacement devices - Market size and forecast 2018-2023 ($ millions)
      • Table Heart valve repair and replacement devices - Year-over-year growth 2019-2023 (%)
    • Cardiopulmonary devices - Market size and forecast 2018- 2023
      • Table Cardiopulmonary devices - Market size and forecast 2018-2023 ($ millions)
      • Table Cardiopulmonary devices - Year-over-year growth 2019-2023 (%)
    • Heart defect closure devices - Market size and forecast 2018- 2023
      • Table Heart defect closure devices - Market size and forecast 2018-2023 ($ millions)
      • Table Heart defect closure devices - Year-over-year growth 2019-2023 (%)
    • Other thoracic surgery devices - Market size and forecast 2018-2023
      • Table Other thoracic surgery devices - Market size and forecast 2018-2023 ($ millions)
      • Table Other thoracic surgery devices - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Strategic acquisitions
    • Increasing number of thoracic surgeries
      • Table Cardiac devices new implant rates per 100,000 population between 2010 and 2015
      • Table Number of CABG procedures performed between 2010 and 2016 in various countries
    • Increasing focus on robotic surgeries
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott Laboratories
      • Table Abbott Laboratories - Vendor overview
      • Table Abbott Laboratories - Business segments
      • Table Abbott Laboratories - Organizational developments
      • Table Abbott Laboratories - Geographic focus
      • Table Abbott Laboratories - Segment focus
      • Table Abbott Laboratories - Key offerings
      • Table Abbott Laboratories - Key customers
    • Boston Scientific Corp.
      • Table Boston Scientific Corp. - Vendor overview
      • Table Boston Scientific Corp. - Business segments
      • Table Boston Scientific Corp. - Organizational developments
      • Table Boston Scientific Corp. - Geographic focus
      • Table Boston Scientific Corp. - Segment focus
      • Table Boston Scientific Corp. - Key offerings
      • Table Boston Scientific Corp. - Key customers
    • Edwards Lifesciences Corp.
      • Table Edwards Lifesciences Corp. - Vendor overview
      • Table Edwards Lifesciences Corp. - Product segments
      • Table Edwards Lifesciences Corp. - Organizational developments
      • Table Edwards Lifesciences Corp. - Geographic focus
      • Table Edwards Lifesciences Corp. - Segment focus
      • Table Edwards Lifesciences Corp. - Key offerings
      • Table Edwards Lifesciences Corp. - Key customers
    • LivaNova Plc
      • Table LivaNova Plc - Vendor overview
      • Table LivaNova Plc - Business segments
      • Table LivaNova Plc - Organizational developments
      • Table LivaNova Plc - Geographic focus
      • Table LivaNova Plc - Segment focus
      • Table LivaNova Plc - Key offerings
      • Table LivaNova Plc - Key customers
    • Medtronic Plc
      • Table Medtronic Plc - Vendor overview
      • Table Medtronic Plc - Business segments
      • Table Medtronic Plc - Organizational developments
      • Table Medtronic Plc - Geographic focus
      • Table Medtronic Plc - Segment focus
      • Table Medtronic Plc - Key offerings
      • Table Medtronic Plc - Key customers
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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