Global Thoracoscopy Market, By Instrument Type (Endoscopic Stapler Devices, Bioscopy Forceps, Scissors, Others), Application (Exudative Pleural Effusion of Unknown Etiology, Malignant Pleural Effusio, Malignant Pleural Mesothelioma, Tuberculous Pleural Effusion, Pneumothorax, Empyema and Complicated Parapneumonic Effusion, Others), End User (Hospitals, Clinics, Other) – Industry Trends and Forecast to 2029.
Thoracoscopy Market Analysis and Size
The market for thoracoscopy is expected to grow during forecast period. During the forecast period, the global market is anticipated to rise as a result of patient preferences for shorter hospital stays, and the development of technologically upgraded thoracoscopes with improved illumination.
Data Bridge Market Research analyses that the thoracoscopy market which was USD 511.18 billion in 2021, would rocket up to USD 967.39 billion by 2029, and is expected to undergo a CAGR of 8.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Thoracoscopy Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Instrument Type (Endoscopic Stapler Devices, Bioscopy Forceps, Scissors, Others), Application (Exudative Pleural Effusion of Unknown Etiology, Malignant Pleural Effusio, Malignant Pleural Mesothelioma, Tuberculous Pleural Effusion, Pneumothorax, Empyema and Complicated Parapneumonic Effusion, Others), End User (Hospitals, Clinics, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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KARL STORZ SE & Co. KG (Germany), Olympus America (U.S.), Medtronic (Ireland), Johnson & Johnson Private Limited (U.S.), Shanghai Innova Medical Equipment Co., Ltd (China), PAJUNK (Germany), Aesculap, Inc (U.S.), Richard Wolf GmbH (Germany)
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Market Opportunities
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Market Definition
Thoracoscopy is a minimally invasive procedure used by a pulmonary specialist to diagnose and treat chest cavity diseases. In terms of endoscopic technology, it is regarded as being second in importance in respiratory therapy. A small incision is made on the chest during a thoracoscopy to insert a thin tube called an endoscope. A thoracoscope has a lens and a light source for seeing, as well as other ports for inserting other devices for small operations such as tissue removal.
Thoracoscopy Market Dynamics
Drivers
- Rising spending on chronic illnesses
The market for thoracoscopy is anticipated to increase significantly over the forecast period as a result of rising venous disease prevalence and rising new product approvals to meet this need. The market is expected to develop as a result of rising disease awareness, growing value of early detection. Additionally, the major market players are investing in the research and development of technologically sophisticated goods, which will expand the use of thoracoscopy products in both developed and developing nations worldwide.
- Increasing research and development spending
The market's top competitors are concentrating on creating items that are both affordable and of a high calibre in order to take advantage of the enormous untapped prospects in developing nations. This is evident from the rising R&D expenditures and the rising number of new product approvals.
Opportunities
- Increase in the number of thoracoscope producers
The thoracoscope is a crucial component of both thoracic surgery and bronchoscopy because it only needs to be inserted once into the chest cavity while the patient is under local anaesthetic in order to inspect the lungs and identify respiratory problems. During the forecast period, the global thoracoscopy market is anticipated to rise as a result of patient preferences for shorter hospital stays, and the development of technologically upgraded thoracoscopes with improved illumination.
Restraints/Challenges
- High cost
On the other hand, the high cost and lack of skilled technicians will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the thoracoscopy market.
This thoracoscopy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thoracoscopy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thoracoscopy Market Scope
The thoracoscopy market is segmented on the basis of instrument type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Instrument Type
- Endoscopic Stapler Devices
- Bioscopy Forceps
- Scissors
- Others
Application
- Exudative Pleural Effusion of Unknown Etiology
- Malignant Pleural Effusio
- Malignant Pleural Mesothelioma
- Tuberculous Pleural Effusion
- Pneumothorax
- Empyema and Complicated Parapneumonic Effusion
- Others
End User
- Hospitals
- Clinics
- Other
Thoracoscopy Market Regional Analysis/Insights
The thoracoscopy market is analysed and market size insights and trends are provided by country, instrument type, application and end user as referenced above.
The countries covered in the thoracoscopy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thoracoscopy market due to the presence of strategic key players and rises in demand for minimally invasive surgery.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing prevalence of lung cancer in China and India which is boosting the growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The thoracoscopy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for thoracoscopy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the thoracoscopy market. The data is available for historic period 2010-2020.
Competitive Landscape and Thoracoscopy Market Share Analysis
The thoracoscopy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thoracoscopy market.
Some of the major players operating in the thoracoscopy market are:
- KARL STORZ SE & Co. KG (Germany)
- Olympus America (U.S.)
- Medtronic (Ireland)
- Johnson & Private Limited (U.S.)
- Shanghai Innova Medical Equipment Co., Ltd (China)
- PAJUNK (Germany)
- Aesculap, Inc (U.S.)
- Richard Wolf GmbH (Germany)
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