QYReports has added a new report, titled “Global Lung Cancer Surgery Market Size, Status and Forecast 2026.” Rising air pollution levels coupled with increasing number of cigarette smokers are amongst key factors attributing for increasing prevalence of lung cancer which is expected to give rise to lung cancer surgery market during the forecast period. According to estimates published by American Association for Thoracic Surgery lung cancer was leading cause of cancer deaths in U.S. in 2015. Increasing global incidence of lung cancer is a primary factor pushing growth of this market.
Lung cancer surgery market is projected to reach USD +35 Billion by 2026 from USD +21 Billion in 2018, at a CAGR of +8 % from 2019 to 2026. The major factors driving the growth of this market are increasing incidence and prevalence of lung cancer, rapid growth in the aging population, and growing healthcare expenditure worldwide.
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Top Key Players are including in this report: BSD Medical Corp., Covidien, Angiodynamics, Richard Wolf GMBH, Siemens Healthcare, Olympus Corp., Neomend Inc., Ethicon Endo surgery Inc., Teleflex, Trokamed GMBH, Scanlan International Inc. etc.
Lung cancer surgery market is studied with respect to two segments such as products and type of surgeries. Product segment of lung cancer surgery is further segmented in to four types as surgical devices, endosurgical equipment and monitoring or visualizing equipment. Types of surgery segment is further subdivided in to robotic surgery, thoracotomy, video assisted surgery, percutaneous surgery and endobronchial surgery. Thoracotomy is extensively used surgical process for the treatment of lung cancer thereby attributing the largest market share in 2015. Thoracotomy also includes lobectomy or pneumonectomy which is used as lung cancer treatment. With advent of technological advancements in the field of automation robotic surgeries are also gaining popularity and acceptance amongst healthcare professionals for surgical procedures.
The report presents an in-depth overview of the current state of the Global Lung Cancer Surgery Market, with details concerning the functioning and design of the product, varieties available in the market, processes involved in the manufacturing of the product, and its potential impact on the growth prospects of the vast regulations levied on the import, export, and global sales of this heavily popular commodity. An overview of the popularity of recent technological advancements in the market and their potential impact on the overall development of the market is also analyzed in the report.
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The research report tries to understand the pioneering tactics taken by vendors in the global market to offer product differentiation through Porter’s five forces analysis. It also points out the ways in which these companies can reinforce their stand in the market and increase their revenues in the coming years. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global Lung Cancer Surgery Market.
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