The Lung Cancer Surgery Market is predicted to reach USD 30.32 billion with a CAGR of 6.92 % according to Market Data Forecast report.

The Lung Cancer Surgery Market is predicted to reach USD 30.32 billion with a CAGR of 6.92 % according to Market Data Forecast report.

ID: 1989 | October 2018 | Region: Global

The Lung Cancer Surgery Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, Lung Cancer Surgery Market was worth USD 22.1 billion in 2016 and is expected to reach USD 30.32 billion by 2021 with a CAGR of 6.92 %. The Market is segmented by Procedure (Thoracotomy (Lobectomy, Pneumonectomy, Sleeve Resection, Segmentectomy), Minimally Invasive), by Device (Surgical (Clamps, Forceps, Retractors, Staplers, Cutters, Scissors, Elevators, RIB Sheers, Trocars), Monitoring (Cameras & Video Support), Visualizing systems (Endoscopic Trocars with optical views, Endo surgical Equipment)) and by region-Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021). Geographically, Market is further segmented into Asia-Pacific, Europe, Latin America, North America and Middle East and Africa.

Rising pollution levels, increasing number of cigarette smokers, rising incidence and prevalence of Lung Cancer and rising geriatric population are some of the major factors driving the market. However, high cost of Lung Cancer surgery is restraining the growth of the Market.

Surgical Instruments segment is expected to dominate the market owing to the shorter lifespan of devices and wider adoption of these devices. Minimally Invasive surgeries are expected to grow at highest CAGR owing to the rising awareness among people for early detection of lung cancer and advantages of Minimally Invasive Surgeries over conventional surgeries.

North America accounted for largest share in the market owing to rising geriatric population, increasing reimbursements for surgeries, and technological advancement in this field.

This report also includes market strategies of key players like Ethicon US LLC, Intuitive Surgical Inc., Olympus Corporation, Accuray Inc., AngioDynamics Inc., Teleflex Inc., KARL STORZ GmbH, Ackermann Instrumente GmbH, Scanlan International Inc., and Trokamed GmbH.

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