Trocar Market, By Reusable Trocars (Blunt Trocars, Bladeless Trocars, Bladed Trocars, And Optical Trocars), Disposal Type (Pediatric Surgery, General Surgery, Urological Surgery, Gynaecological Surgery, and other surgeries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for Trocar market was valued at approximately USD 744.2 Million in 2019, and is expected to generate revenue of around USD 1,012.8 Million by end of 2026, growing at a CAGR of around 4.5% between 2020 and 2026.

21-Oct-2020 | Number of pages: 110 | Report Code: ZMR-3728 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for Trocar market was valued at approximately USD 744.2 Million in 2019, and is expected to generate revenue of around USD 1,012.8 Million by end of 2026, growing at a CAGR of around 4.5% between 2020 and 2026.

Global Trocar Market: Overview

Various type conventional open surgery are related to several postoperative complications for instance partially collapsed lungs, pain, fatigue, blood clots, infections, and muscle atrophy. Such process delayed the recovery of the patients. To avoid such situation several surgeons encourage to make use of laparoscopic methods as compared to conventional open methods as it offers enhanced patient recovery. It can also lower the threat of postoperative infections, requires a limited hospital stay, ensures faster recovery, reduce complications, deliver a rapid result, and are reasonable. The increasing dependence on laparoscopy is resulting in an augmented demand for cannula and trocar as they are widely used to put in a laparoscope to view the inner body structures.

Global Trocar Market: Growth Factors

Increasing geriatric population, growing dependence on laparoscopic surgeries, and constructive reimbursement policies, particularly in the developed countries, are the major driver which promote the growth of the global Trocars market.

The good reimbursement policies by key market players and by governments for surgical equipment and instruments are expected to boost the development of the global market in the coming future. Significant players are expected to offer favourable reimbursement policies to encourage minimally invasive surgeries, bariatric surgeries, and laparoscopic surgeries. For example, Ethicon (which is a subsidiary of Johnson & Johnson) is expected to conduct a Reimbursement Support Program to support healthcare groups with reimbursement which is associated with minimally invasive surgeries and laparoscopic surgeries. These initiatives are majorly expected to help several healthcare providers to implement these processes instead of conventional ones. Thus, these aspects are expected to drive the global market in the forecast period.

Global Trocar Market: Segmentation

The global trocars market is fragmented based on product, which is further bifurcated into reusable trocars and disposable trocars. In terms of the tip, the global trocars market is divided into blunt trocars, bladeless trocars, bladed trocars, and optical trocars. In terms of application, the global trocars market is fragmented into Pediatric Surgery, General Surgery, Urological Surgery, Gynaecological Surgery, and other surgeries. The reusable trocar segment is projected to exhibit a higher CAGR during the forecast period. Various factors such as cost efficiency and easy in handling promoting the growth of the segment.

Global Trocar Market: Regional Analysis

North America dominates the Trocars market followed by Europe. The growing inclination for laparoscopic surgeries and open surgeries are likely to increase the competition among other prominent market players based on product innovation which is likely to augment the global market in North America. The U.S. is expected to be the leading revenue generator in the region. Increasing awareness with regards to various benefits of modestly laparoscopic procedures and invasive surgeries and growing healthcare expenditure are projected to encourage the development of the regional market.

The Asia Pacific is expected to be the most potential region across the world. India and China accounted for the largest market share in this region. Rising geriatric population in countries like japan and korea also promote the growth of the market. In addition, several government initiatives are likely to play a crucial role in the development of the market. For example, China (the Ministry of Health) is likely to take significant initiatives in conducting several training programs for many surgeons on a laparoscopic operation. This, in turn, is likely to promote the demand and popularity for trocars in this province.

Global Trocar Market: Competitive Players

Some main participants of the Trocar market are The Cooper Companies Inc., CONMED Corporation, GENICON, INC, Teleflex Incorporated, B. Braun Medical Inc., Medtronic, and Johnson & Johnson., are among others.

Trocar Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Increasing Geriatric population across the world following with growing dependence on laparoscopic surgeries is considered as one of the major factor for the growth of the market. Reimbursement policies covered by various insurance companies also helps in the growth of the market.

According to Zion Market Research, global demand for Trocar market is expected to generate revenue of around USD 1,012.8 Million by end of 2026, growing at a CAGR of around 4.6% between 2020 and 2026.

The North America Trocar market is projected to hold the largest share globally in the future. Well established healthcare infrastructures followed by increasing geriatric population in the region like North America and Europe are expected to propel the demand of the market.

Some main participants of the Trocar market are The Cooper Companies Inc., CONMED Corporation, GENICON, INC, Teleflex Incorporated, B. Braun Medical Inc., Medtronic, and Johnson & Johnson., are among others.

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