Overview

Trocars Market is poised to value over USD 970 million by 2027 end with a CAGR of over 6.4% during the forecast period 2020 to 2027.

The trocars are generally used for accessing the surgical organs and abdominal cavity during the minimally invasive surgical procedures. The increased acceptance of surgical procedures that are minimally invasive, rising geriatric population, increased occurrence of appalling diseases with the growing rate of obese patients and increased acceptance of bariatric procedures are some of the key driving factors responsible for the trocars market growth. Furthermore, increased stay at hospitals, increased time of recovery and hike in the healthcare related costs have boosted the proliferation of the market. On the other hand, factors like side effects related to the usage of trocar and a lack of skilled healthcare personnel for operating the trocars efficiently is predicted to impede the market growth substantially.

Trocars Market

Market Segmentation:

By Product Type
•   Disposable Trocars
•   Reusable Trocars
•   Reposable Trocars
•   Accessories
By Tip Type
•   Bladeless Trocars
•   Optical Trocars
•   Bladed Trocars
•   Blunt Trocars
By Application
•   General Surgery
•   Gynecological Surgery
•   Urological Surgery
•   Bariatric Surgery
•   Others
By End User
•   Hospitals
•   Ambulatory Surgical Centers
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is classified into products type, tip type, application, end user and region. The product segment is bifurcated into disposable trocars, reusable trocars, reposable trocars and accessories. The disposable trocars segment held the largest trocars market share owing to the ease and comfort in handling these trocars, thereby enabling surgeons to make sure that the procedure is safely conducted. The tip type segment is divided into bladeless trocars, optical trocars, bladed trocars and blunt trocars. The end user segment is fragmented into hospitals and ambulatory surgical centres. The hospital segment is predicted to lead the market owing to the rising adoption of advanced trocars in hospitals, especially the ones situated in developed nations.

Regional Analysis:

The North America region is predicted to dominate the market during the forecast period, and this can be credited to advancements in the healthcare industry, increased disposable income, rising preference for minimally invasive surgeries and increase prevalence of appalling disorders. The Asia Pacific region, however, is anticipated to proliferate substantially owing to a rise in the geriatric population, rapid growth in the economy of many developing nations like India, South Korea, etc., increased financial assistance from private as well as public sectors for research activities in healthcare and increased prevalence of chronic diseases in the region.

Competitive Landscape:

The key players of the market are Ethicon Inc. (J&J), Medtronic PLC, Applied Medical Resources Corporation, Aesculap, Inc. (B. Braun Melsungen AG), Genicon Inc., Xion GmbH, LaproSurge Ltd., Peters Surgical, Teleflex Incorporated, Conmed Corporation, Purple Surgical, The Cooper Companies, Inc., Alesi Surgical Limited, Victor Medical, MetroMed Healthcare, Seemann Technologies, Sejong Medical Co., Ltd., Sferamed, Ackermann Instrumente GmbH, Guangzhou T.K Medical Instrument Co., Ltd., Hangzhou Optcla Medical Instrument Co., Ltd. (Mindray Company), Specath (Foshan Special Medical Co., Ltd.), Elmed Incorporated, Olympus Corporation.

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key market trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global trocars market by product type, by tip type, by application, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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