Lung Cancer Surgery Market driven by technological developments in lung cancer and rising consumer preference towards minimally invasive surgeries

Lung cancer surgery is a medical procedure that is conducted in order to teat lung cancer, especially non-small cell lung cancer. Lung cancer is also referred to as lung carcinoma and is a lethal lung tumor. It is attributed with simultaneous multiplication of tumor cells leading in uncontrolled growth of cells in the lung tissues and is malignant in nature. The lung cancer is detected and confirmed with the help of biopsy that is conducted using CT-guidance or bronchoscopy. Lung cancer surgery is the surgical ablation of cancer tissue from the lung. The type of surgery in lung cancer management is dependent on the position and size of tumor.
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COVID – 19 scenario analysis:  

  • Due to the ongoing COVID – 19 pandemic, with more than to four million infections and the economies showing signs of the 2008 financial crisis, COVID-19 has impacted several industries including lung cancer surgery market as well 
  • Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for worker
  • One of the key concerns looming across the lung cancer surgery industry is the lack of optimum manufacturing capacity
  • Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to lung cancer surgery has been reduced and this segment have to face negligence subsequently causing negative impact on lung cancer surgery market

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Owing to major driving factors such as increasing prevalence and incidences of lung cancer, rapid growth in geriatric population around the world, and increasing healthcare expenditure, the lung cancer surgery market worldwide is expected to witness significant growth. Furthermore, heavy investment in research laboratories, surge in air pollution levels, increasing smoking habits coupled with favorable reimbursement policies, specifically in developed countries will amplify the progress of the lung cancer surgery market in the coming years. Patients suffering with chronic obstructive pulmonary disease (COPD) host an increasing risk from lung cancer, the growing prevalence of COPD will stimulate the growing demand for lung cancer surgery.  Other factors such as genetic inheritance, rising exposure to carcinogenic chemicals such as arsenic, asbestos, tobacco and radiations like UV rays and X-rays increase risks related to cancer. Pertaining to intake of carcinogens substances, genetic inheritance, smoking, results in intensifying chances of lung cancer, which in have a positive impact on the global lung cancer surgery market.

On the other hand, lack of medical expertise, high cost related to lung cancer surgeries, post-surgical adverse effects including pain and dearth of proper penetration of novel therapeutics making them inaccessible for many consumers in the market are few factors that may hamper the growth of this market to a certain extent. 

Key segments:

BY Product

  • Surgical Devices  
  • Endosurgical Equipment
  • Monitoring or Visualizing Equipment

BY Surgery

  • Robotic Surgery
  • Thoracotomy
  • Video Assisted Surgery
  • Percutaneous Surgery
  • Endobronchial Surgery

Key benefits of the report:

  • This study presents the analytical depiction of the global lung cancer surgery market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global lung cancer surgery market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global lung cancer surgery market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global lung cancer surgery market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Lung cancer surgery Market research report:

  • What are the leading market players active in the lung cancer surgery market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

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