Lung Cancer Surgery Market Synopsis:
Lung Cancer Surgery Market Size was valued at USD 6.04 billion in 2023, and is Projected to Reach USD 8.82 billion by 2032, Growing at a CAGR of 4.3% From 2024-2032.
The lung cancer surgery market is witnessing significant growth driven by advancements in surgical techniques, diagnostic methods, and an increasing prevalence of lung cancer globally. Lung cancer remains one of the leading causes of cancer-related deaths, and surgical resection is one of the most common treatment options for non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC) when detected at early stages. The growing number of early-stage diagnoses, combined with improved post-surgery outcomes due to advancements in minimally invasive procedures, has expanded the market for lung cancer surgeries.
Technological innovations, such as robotic-assisted surgery and minimally invasive procedures like video-assisted thoracic surgery (VATS) and minimally invasive lobectomy, are revolutionizing the way lung cancer is treated. These techniques offer several advantages, including reduced recovery times, smaller incisions, and less postoperative pain, leading to better patient outcomes and faster return to normal activities. Additionally, with increasing awareness of the benefits of early detection, more patients are undergoing surgery as part of their treatment plan, further boosting market growth.
However, the lung cancer surgery market faces challenges related to the high cost of advanced surgical procedures, especially in emerging markets, and the need for skilled surgeons to perform these complex procedures. Despite these challenges, the market continues to expand, driven by a growing focus on precision medicine, increasing healthcare investments, and the development of novel therapeutic approaches that complement surgical interventions. As the global cancer burden continues to rise, the demand for effective surgical solutions is expected to increase, propelling the lung cancer surgery market forward.
Lung Cancer Surgery Market Trend Analysis:
Minimally Invasive Lung Cancer Surgery Techniques Are Gaining Popularity
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Minimally invasive techniques, such as video-assisted thoracic surgery (VATS) and robotic-assisted surgery, are gaining significant traction in the lung cancer surgery market. These methods offer reduced recovery times, fewer complications, and smaller incisions, which enhance patient outcomes and reduce healthcare costs. The advancement of robotic surgery platforms like the da Vinci Surgical System allows surgeons to perform highly precise and less traumatic surgeries, which is especially beneficial for patients with early-stage lung cancer. The increased adoption of these techniques is expected to drive the market, as more patients opt for less invasive options due to the shorter hospital stays and faster recovery times.
Rise in Personalized and Targeted Lung Cancer Surgeries
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The shift towards personalized medicine in lung cancer treatment is transforming surgical approaches. With advancements in genetic profiling and molecular diagnostics, surgeons can now better identify specific mutations in tumor cells, enabling them to tailor surgical procedures to individual patients' needs. This trend not only helps in optimizing surgical outcomes but also improves the overall prognosis by targeting specific cancerous cells during the surgery. Personalized surgery combined with adjunct therapies, like targeted therapies and immunotherapies, are expected to become the standard of care, enhancing the demand for more precise and individualized surgical interventions in lung cancer.
Lung Cancer Surgery Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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North America is expected to dominate the lung cancer surgery market over the forecast period, driven by the region's advanced healthcare infrastructure, high healthcare expenditure, and increasing adoption of cutting-edge surgical technologies. The presence of major healthcare players, along with robust research and development activities focused on improving surgical techniques and patient outcomes, further strengthens the market position. Additionally, the rising prevalence of lung cancer, particularly among the aging population, and the growing demand for minimally invasive surgical procedures contribute to North America's leading role in the global market. The availability of specialized treatment centers and the high rate of adoption of personalized medicine also support the region's dominance in this market.
Active Key Players in the Lung Cancer Surgery Market:
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AngioDynamics (United States),
- Ackermann (Germany),
- Scanlan International (United States),
- KLS Martin Group (Germany),
- Wexler Surgical (United States),
- Lepu Medical Technology (Beijing) Co., Ltd. (China),
- Intuitive Surgical (United States),
- FusionKraft (Germany),
- Surgical Holdings (United Kingdom),
- GerMedUSA (United States),
- Medtronic (Ireland),
- Accuray Incorporated (United States),
- Teleflex Incorporated (United States),
- KARL STORZ SE & Co. KG (Germany),
- TROKAMED GmbH (Germany),
- Richard Wolf GmbH (Germany),
- Sontec Instruments, Inc. (United States),
- asap endoscopic products GmbH (Germany),
- FUJIFILM Holdings America Corporation (United States),
- Ambu A/S (Denmark),
- Johnson & Johnson Services, Inc (United States),
- Olympus Corporation (Japan),
- Other Active Players
Lung Cancer Surgery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.04 Billion |
Forecast Period 2024-32 CAGR: |
6.3% |
Market Size in 2032: |
USD 8.82 Billion |
Segments Covered: |
By Product Type |
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By Surgery Type |
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By Procedure |
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By Cancer Stage |
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By End user |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Lung Cancer Surgery Market by Product Type
4.1 Lung Cancer Surgery Market Snapshot and Growth Engine
4.2 Lung Cancer Surgery Market Overview
4.3 Surgical Instruments
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Surgical Instruments: Geographic Segmentation Analysis
4.4 Monitoring & Visualizing System
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Monitoring & Visualizing System: Geographic Segmentation Analysis
4.5 Endosurgical Equipment
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Endosurgical Equipment: Geographic Segmentation Analysis
4.6 Robotic-Assisted Thoracic Surgery Systems and Others
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Robotic-Assisted Thoracic Surgery Systems and Others: Geographic Segmentation Analysis
Chapter 5: Lung Cancer Surgery Market by Surgery Type
5.1 Lung Cancer Surgery Market Snapshot and Growth Engine
5.2 Lung Cancer Surgery Market Overview
5.3 Open Surgery
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Open Surgery: Geographic Segmentation Analysis
5.4 Minimally Invasive Surgery
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Minimally Invasive Surgery: Geographic Segmentation Analysis
Chapter 6: Lung Cancer Surgery Market by Procedure
6.1 Lung Cancer Surgery Market Snapshot and Growth Engine
6.2 Lung Cancer Surgery Market Overview
6.3 Lobectomy
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Lobectomy: Geographic Segmentation Analysis
6.4 Segmentectomy/Wedge Resection
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Segmentectomy/Wedge Resection: Geographic Segmentation Analysis
6.5 Pneumonectomy
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Pneumonectomy: Geographic Segmentation Analysis
6.6 Sleeve Resection
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Sleeve Resection: Geographic Segmentation Analysis
6.7 Extended Resection
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Extended Resection: Geographic Segmentation Analysis
Chapter 7: Lung Cancer Surgery Market by Cancer Stage
7.1 Lung Cancer Surgery Market Snapshot and Growth Engine
7.2 Lung Cancer Surgery Market Overview
7.3 Early-Stage
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Early-Stage: Geographic Segmentation Analysis
7.4 Advanced-Stage
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Advanced-Stage: Geographic Segmentation Analysis
Chapter 8: Lung Cancer Surgery Market by End user
8.1 Lung Cancer Surgery Market Snapshot and Growth Engine
8.2 Lung Cancer Surgery Market Overview
8.3 Hospitals
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Hospitals: Geographic Segmentation Analysis
8.4 Ambulatory Surgical Centers
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 Ambulatory Surgical Centers: Geographic Segmentation Analysis
8.5 Specialty Clinics
8.5.1 Introduction and Market Overview
8.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
8.5.3 Key Market Trends, Growth Factors and Opportunities
8.5.4 Specialty Clinics: Geographic Segmentation Analysis
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Benchmarking
9.1.2 Lung Cancer Surgery Market Share by Manufacturer (2023)
9.1.3 Industry BCG Matrix
9.1.4 Heat Map Analysis
9.1.5 Mergers and Acquisitions
9.2 ANGIODYNAMICS (UNITED STATES)
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Role of the Company in the Market
9.2.5 Sustainability and Social Responsibility
9.2.6 Operating Business Segments
9.2.7 Product Portfolio
9.2.8 Business Performance
9.2.9 Key Strategic Moves and Recent Developments
9.2.10 SWOT Analysis
9.3 ACKERMANN (GERMANY)
9.4 SCANLAN INTERNATIONAL (UNITED STATES)
9.5 KLS MARTIN GROUP (GERMANY)
9.6 WEXLER SURGICAL (UNITED STATES)
9.7 LEPU MEDICAL TECHNOLOGY (BEIJING) CO. LTD. (CHINA)
9.8 INTUITIVE SURGICAL (UNITED STATES)
9.9 FUSIONKRAFT (GERMANY)
9.10 SURGICAL HOLDINGS (UNITED KINGDOM)
9.11 GERMEDUSA (UNITED STATES)
9.12 MEDTRONIC (IRELAND)
9.13 ACCURAY INCORPORATED (UNITED STATES)
9.14 TELEFLEX INCORPORATED (UNITED STATES)
9.15 KARL STORZ SE & CO. KG (GERMANY)
9.16 TROKAMED GMBH (GERMANY)
9.17 RICHARD WOLF GMBH (GERMANY)
9.18 SONTEC INSTRUMENTS INC. (UNITED STATES)
9.19 ASAP ENDOSCOPIC PRODUCTS GMBH (GERMANY)
9.20 FUJIFILM HOLDINGS AMERICA CORPORATION (UNITED STATES)
9.21 AMBU A/S (DENMARK)
9.22 JOHNSON & JOHNSON SERVICES INC (UNITED STATES)
9.23 OLYMPUS CORPORATION (JAPAN)
9.24 AMONG OTHER ACTIVE PLAYERS
Chapter 10: Global Lung Cancer Surgery Market By Region
10.1 Overview
10.2. North America Lung Cancer Surgery Market
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Top Key Companies
10.2.3 Historic and Forecasted Market Size by Segments
10.2.4 Historic and Forecasted Market Size By Product Type
10.2.4.1 Surgical Instruments
10.2.4.2 Monitoring & Visualizing System
10.2.4.3 Endosurgical Equipment
10.2.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.2.5 Historic and Forecasted Market Size By Surgery Type
10.2.5.1 Open Surgery
10.2.5.2 Minimally Invasive Surgery
10.2.6 Historic and Forecasted Market Size By Procedure
10.2.6.1 Lobectomy
10.2.6.2 Segmentectomy/Wedge Resection
10.2.6.3 Pneumonectomy
10.2.6.4 Sleeve Resection
10.2.6.5 Extended Resection
10.2.7 Historic and Forecasted Market Size By Cancer Stage
10.2.7.1 Early-Stage
10.2.7.2 Advanced-Stage
10.2.8 Historic and Forecasted Market Size By End user
10.2.8.1 Hospitals
10.2.8.2 Ambulatory Surgical Centers
10.2.8.3 Specialty Clinics
10.2.9 Historic and Forecast Market Size by Country
10.2.9.1 US
10.2.9.2 Canada
10.2.9.3 Mexico
10.3. Eastern Europe Lung Cancer Surgery Market
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Top Key Companies
10.3.3 Historic and Forecasted Market Size by Segments
10.3.4 Historic and Forecasted Market Size By Product Type
10.3.4.1 Surgical Instruments
10.3.4.2 Monitoring & Visualizing System
10.3.4.3 Endosurgical Equipment
10.3.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.3.5 Historic and Forecasted Market Size By Surgery Type
10.3.5.1 Open Surgery
10.3.5.2 Minimally Invasive Surgery
10.3.6 Historic and Forecasted Market Size By Procedure
10.3.6.1 Lobectomy
10.3.6.2 Segmentectomy/Wedge Resection
10.3.6.3 Pneumonectomy
10.3.6.4 Sleeve Resection
10.3.6.5 Extended Resection
10.3.7 Historic and Forecasted Market Size By Cancer Stage
10.3.7.1 Early-Stage
10.3.7.2 Advanced-Stage
10.3.8 Historic and Forecasted Market Size By End user
10.3.8.1 Hospitals
10.3.8.2 Ambulatory Surgical Centers
10.3.8.3 Specialty Clinics
10.3.9 Historic and Forecast Market Size by Country
10.3.9.1 Russia
10.3.9.2 Bulgaria
10.3.9.3 The Czech Republic
10.3.9.4 Hungary
10.3.9.5 Poland
10.3.9.6 Romania
10.3.9.7 Rest of Eastern Europe
10.4. Western Europe Lung Cancer Surgery Market
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Top Key Companies
10.4.3 Historic and Forecasted Market Size by Segments
10.4.4 Historic and Forecasted Market Size By Product Type
10.4.4.1 Surgical Instruments
10.4.4.2 Monitoring & Visualizing System
10.4.4.3 Endosurgical Equipment
10.4.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.4.5 Historic and Forecasted Market Size By Surgery Type
10.4.5.1 Open Surgery
10.4.5.2 Minimally Invasive Surgery
10.4.6 Historic and Forecasted Market Size By Procedure
10.4.6.1 Lobectomy
10.4.6.2 Segmentectomy/Wedge Resection
10.4.6.3 Pneumonectomy
10.4.6.4 Sleeve Resection
10.4.6.5 Extended Resection
10.4.7 Historic and Forecasted Market Size By Cancer Stage
10.4.7.1 Early-Stage
10.4.7.2 Advanced-Stage
10.4.8 Historic and Forecasted Market Size By End user
10.4.8.1 Hospitals
10.4.8.2 Ambulatory Surgical Centers
10.4.8.3 Specialty Clinics
10.4.9 Historic and Forecast Market Size by Country
10.4.9.1 Germany
10.4.9.2 UK
10.4.9.3 France
10.4.9.4 The Netherlands
10.4.9.5 Italy
10.4.9.6 Spain
10.4.9.7 Rest of Western Europe
10.5. Asia Pacific Lung Cancer Surgery Market
10.5.1 Key Market Trends, Growth Factors and Opportunities
10.5.2 Top Key Companies
10.5.3 Historic and Forecasted Market Size by Segments
10.5.4 Historic and Forecasted Market Size By Product Type
10.5.4.1 Surgical Instruments
10.5.4.2 Monitoring & Visualizing System
10.5.4.3 Endosurgical Equipment
10.5.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.5.5 Historic and Forecasted Market Size By Surgery Type
10.5.5.1 Open Surgery
10.5.5.2 Minimally Invasive Surgery
10.5.6 Historic and Forecasted Market Size By Procedure
10.5.6.1 Lobectomy
10.5.6.2 Segmentectomy/Wedge Resection
10.5.6.3 Pneumonectomy
10.5.6.4 Sleeve Resection
10.5.6.5 Extended Resection
10.5.7 Historic and Forecasted Market Size By Cancer Stage
10.5.7.1 Early-Stage
10.5.7.2 Advanced-Stage
10.5.8 Historic and Forecasted Market Size By End user
10.5.8.1 Hospitals
10.5.8.2 Ambulatory Surgical Centers
10.5.8.3 Specialty Clinics
10.5.9 Historic and Forecast Market Size by Country
10.5.9.1 China
10.5.9.2 India
10.5.9.3 Japan
10.5.9.4 South Korea
10.5.9.5 Malaysia
10.5.9.6 Thailand
10.5.9.7 Vietnam
10.5.9.8 The Philippines
10.5.9.9 Australia
10.5.9.10 New Zealand
10.5.9.11 Rest of APAC
10.6. Middle East & Africa Lung Cancer Surgery Market
10.6.1 Key Market Trends, Growth Factors and Opportunities
10.6.2 Top Key Companies
10.6.3 Historic and Forecasted Market Size by Segments
10.6.4 Historic and Forecasted Market Size By Product Type
10.6.4.1 Surgical Instruments
10.6.4.2 Monitoring & Visualizing System
10.6.4.3 Endosurgical Equipment
10.6.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.6.5 Historic and Forecasted Market Size By Surgery Type
10.6.5.1 Open Surgery
10.6.5.2 Minimally Invasive Surgery
10.6.6 Historic and Forecasted Market Size By Procedure
10.6.6.1 Lobectomy
10.6.6.2 Segmentectomy/Wedge Resection
10.6.6.3 Pneumonectomy
10.6.6.4 Sleeve Resection
10.6.6.5 Extended Resection
10.6.7 Historic and Forecasted Market Size By Cancer Stage
10.6.7.1 Early-Stage
10.6.7.2 Advanced-Stage
10.6.8 Historic and Forecasted Market Size By End user
10.6.8.1 Hospitals
10.6.8.2 Ambulatory Surgical Centers
10.6.8.3 Specialty Clinics
10.6.9 Historic and Forecast Market Size by Country
10.6.9.1 Turkiye
10.6.9.2 Bahrain
10.6.9.3 Kuwait
10.6.9.4 Saudi Arabia
10.6.9.5 Qatar
10.6.9.6 UAE
10.6.9.7 Israel
10.6.9.8 South Africa
10.7. South America Lung Cancer Surgery Market
10.7.1 Key Market Trends, Growth Factors and Opportunities
10.7.2 Top Key Companies
10.7.3 Historic and Forecasted Market Size by Segments
10.7.4 Historic and Forecasted Market Size By Product Type
10.7.4.1 Surgical Instruments
10.7.4.2 Monitoring & Visualizing System
10.7.4.3 Endosurgical Equipment
10.7.4.4 Robotic-Assisted Thoracic Surgery Systems and Others
10.7.5 Historic and Forecasted Market Size By Surgery Type
10.7.5.1 Open Surgery
10.7.5.2 Minimally Invasive Surgery
10.7.6 Historic and Forecasted Market Size By Procedure
10.7.6.1 Lobectomy
10.7.6.2 Segmentectomy/Wedge Resection
10.7.6.3 Pneumonectomy
10.7.6.4 Sleeve Resection
10.7.6.5 Extended Resection
10.7.7 Historic and Forecasted Market Size By Cancer Stage
10.7.7.1 Early-Stage
10.7.7.2 Advanced-Stage
10.7.8 Historic and Forecasted Market Size By End user
10.7.8.1 Hospitals
10.7.8.2 Ambulatory Surgical Centers
10.7.8.3 Specialty Clinics
10.7.9 Historic and Forecast Market Size by Country
10.7.9.1 Brazil
10.7.9.2 Argentina
10.7.9.3 Rest of SA
Chapter 11 Analyst Viewpoint and Conclusion
11.1 Recommendations and Concluding Analysis
11.2 Potential Market Strategies
Chapter 12 Research Methodology
12.1 Research Process
12.2 Primary Research
12.3 Secondary Research
Lung Cancer Surgery Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.04 Billion |
Forecast Period 2024-32 CAGR: |
6.3% |
Market Size in 2032: |
USD 8.82 Billion |
Segments Covered: |
By Product Type |
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|
By Surgery Type |
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By Procedure |
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||
By Cancer Stage |
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By End user |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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