The lateral thoracic artery arises from the anterior surface of the second part of the axillary artery posterior to the lateral (inferior) margin of the pectoralis minor (Fig. 7.50). It follows the margin of the muscle to the thoracic wall and supplies the medial and anterior walls of the axilla. In women, branches emerge from around the inferior margin of the pectoralis major muscle and contribute to the vascular supply of the breast.