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. Caused mainly due to excessive growth of the abnormal cancerous cells in lung area and factors such as smoking, passive smoking in few cases, exposure to carcinogenic toxins and gases and others are responsible for increasing risk of this disease. Primary lung cancer is referred to as carcinomas that initiates in the lungs while secondary lung cancer starts in other body parts and eventually reaches lungs. 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
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.
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Technological advance to boost the growth
Owing to surge in global prevalence of lung cancer, there has been notable shift in consumers opting for technologically superior medical systems and solutions. Additionally, technological developments in lung cancer surgery treatment and rising consumer preference towards minimally invasive surgeries would boost the market growth. Advanced surgical equipment and devices offer ease in operation as well as better device versatility in complex medical situations.
Key segments covered:
- Surgical Devices
- Endosurgical Equipment
- Monitoring or Visualizing Equipment
- Robotic Surgery
- Video Assisted Surgery
- Percutaneous Surgery
- Endobronchial Surgery
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