Market Trends of Lung Cancer Surgery Industry
This section covers the major market trends shaping the Lung Cancer Surgery Market according to our research experts:
Segmentectomy is Expected to Witness High Growth
With the growing prevalence of lung cancer and technological development, the therapy line has also been improved and people can start taking treatment from the early stage, these factors are expected to further boost the growth of the lung cancer surgery market.
Segmentectomy is a common surgical treatment that can be an option to treat non-small cell lung cancer (NSCLC). It is mostly recommended over lobectomy if the patient already has a highly reduced lung reserve. Although lung segmentectomy has always been popular for resection of supportive lesions and nonmalignant masses, most of the time it is recommended for very early lung cancer.
The growing popularity of this technique is because of better outcomes, less pain, and shorter recovery than traditional surgical techniques. Segmentectomy procedure has a good success rate for removing localized tumors and cancers with higher survival rates, with the retention of organ functions up to a certain degree and these advantages are anticipated to fuel the studied market growth.
However, there are some risks associated with segmentectomy arising from general anesthesia, which raises the chances of excessive bleeding, blood clot formation, pneumonia, and infection of the surgical wound.
North America is Expected to Dominate the Market
As per the American Cancer Society's estimation, the new cases of lung cancer in the United States for 2018 were around 234,030, and about 154,050 deaths were expected due to lung cancer. In the United States, lung cancer survival has been improved and the incidence of localized lung cancer has increased.
According to the American Lung Association (2018), approximately 541,000 Americans living today have been diagnosed with lung cancer at some point in their lives. The majority of lung cancer patients have been diagnosed within the last five years. Each year, around tens of thousands of people, are cured of non-small cell lung cancer (NSCLC) in the United States. Lung cancer is mostly a disease of the elderly. This indicates the burden of lung cancer in this country and this is resulting in the growth of the market studied as there is a high demand for cancer treatment in the United States.
