(Health-NewsWire.Net, April 16, 2018 ) North America Lung Cancer Surgery Market was estimated to be USD 6.19 billion in 2016 and is predicted to reach USD 8.28 billion by 2021 with a CAGR of 6.0 %.
Lung Cancer is a type of Cancer that starts in Trachea, Bronchus or lung Tissue. There are various types of treatments available to treat cancer like Chemotherapy, Radiotherapy, Laser Therapy and Surgery. Surgery involves removal of infected part from the lungs.
Increasing number of cigarette smokers, rising pollution levels, 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.
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North America Lung Cancer Surgery Market is segmented based on Procedure and Device. Based on Procedure, market is segmented into Thoracotomy and Minimally Invasive. Based on Thoracotomy, market is further segmented into Lobectomy, Pneumonectomy, Sleeve Resection, and Segmentectomy. Based on Device, market is segmented into Surgical, Monitoring and Visualizing Systems. Based on Surgical Devices, market is further segmented into Clamps, Forceps, Retractors, Staplers, Cutters, Scissors, Elevators, RIB Sheers, Trocars. Based on Monitoring Devices, market is further segmented into Cameras & Video Support. Based on Visualizing Devices, market is further segmented into Endoscopic Trocars with optical views, Endo surgical Equipment. 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.
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Geographically, market is further segmented into US and Canada. North America accounted for largest share in the market owing to rising geriatric population, increasing reimbursements for surgeries, and technological advancement in this field.
Key players in the 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.
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