The size of the Lung Cancer Surgery Market in North America was estimated to be USD 8.58 billion in 2022 and is predicted to reach USD 11.48 billion by 2027, with a CAGR of 6.0%.
The incidence of Lung cancer in North America is significantly growing. According to the statistics published by the American Cancer Society, an estimated 234,030 lung cancer cases were identified, and out of those, 154,050 people were dead in 2018. This rising prevalence of lung cancer is directly influencing the growth of the lung cancer surgery market in North America. The population affected by lung cancer due to air pollution in 2020 is comparatively very high from 2015. So, it is expected the rising air pollution levels is estimated to favor the growth of the lung cancer surgery market in North America.
The expensiveness associated with lung cancer surgeries is a key factor restraining market growth. The shortage of appropriate infrastructure, particularly in developing economies, may hinder the market.
The research report on the North America Lung Cancer Surgery Market has been segmented & sub-segmented into the following categories:
North America accounted for the largest share in the market owing to the rising geriatric population, increasing reimbursements for surgeries, and technological advancement in this field.
The unites States is leading the lung cancer surgery market during the review period. Localized lung cancer has been increasing; the growing demand for lung cancer treatment in this country is likely to boost the market. According to the American Lung Association, approximately 541,000 Americans were living with lung cancer in 2018. Increasing initial detection of lung cancer and high awareness, growing quick-rise rate in lung cancer, and enlarging health insurance are making their way for expanding the growth.
Canada is witnessed to have rapid growth followed after the U.S. and is the second leading country during the analysis period. Growing older people population, brilliant healthcare set up and rising per capita income, and increasing discretionary expenses are likely to have progression in the country of the region. Canada has used the first-ever robotic surgical system in treating the initial stage of lung cancer along with the lobe of the lung, which escalates the market growth during the analysis period.
Key players in the North American Lung Cancer Surgery Market include Ethicon US LLC, Intuitive Surgical Inc., AngioDynamics Inc., Olympus Corporation, Accuray Inc., Ackermann Instrumente GmbH, Teleflex Inc., KARL STORZ GmbH, Scanlan International Inc., and Trokamed GmbH.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
18.104.22.168 Sleeve Resection
5.1.3 Minimally Invasive
5.1.4 Y-o-Y Growth Analysis, By Procedure
5.1.5 Market Attractiveness Analysis, By Procedure
5.1.6 Market Share Analysis, By Procedure
5.2.2 Surgical Devices
22.214.171.124 RIB Sheers
5.2.3 Monitoring Devices
126.96.36.199 Cameras & Video Support
5.2.4 Visualizing Devices
188.8.131.52 Endoscopic Trocars with optical views
184.108.40.206 Endo surgical Equipment
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Procedure
22.214.171.124 By Device
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Procedure
184.108.40.206 By Device
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Procedure
22.214.171.124 By Device
6.2 United States
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Ethicon US LLC
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Intuitive Surgical Inc.
8.3 Olympus Corporation
8.4 Accuray Inc.
8.5 AngioDynamics Inc.
8.6 Teleflex Inc.
8.7 KARL STORZ GmbH
8.8 Ackermann Instrumente GmbH
8.9 Scanlan International Inc.
8.10 Trokamed GmbH.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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