The key factors driving the growth of this market are the increasing prevalence of appendicitis and the increasing preference for minimally invasive surgery.
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Trocars are defined in surgery as a type of instrument used to insert various surgical instruments into blood vessels. They serve as portals for subsequent placement of numerous other tools such as staplers, scissors and forceps.
Market Segmentation
Based on product, the trocars market is classified into disposable trocars, reposable trocars, reusable trocars, and accessories. The disposable trocars segment is estimated to command the largest market share. Their cost-effectiveness, user-friendliness, and safety have resulted in their greater adoption, as compared to reusable trocars.
Based on Application, The application segment is further segmented into general surgery, gynecological surgery, pediatric surgery, urological surgery, and other surgeries. The general surgery segment is estimated to register the highest growth during the forecast period. The key factors driven by the growth of this segment is the rising prevalence of obesity, hernia, and appendicitis.
Regional Analysis
Based on region, the trocars market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global trocars market. The large share can primarily be attributed to the increasing prevalence & incidence of cancer, hernia, and appendicitis.
The key players in the trocars market include Medtronic (Ireland), Ethicon (US), B. Braun (Germany), Applied Medical (US), Cooper Companies (US), Teleflex (US), CONMED (US), LaproSurge (UK), Purple Surgical (UK), and GENICON (US).
Medtronic held the leading position in the trocars market. The company’s leadership position in the market can be attributed to its strong geographic presence in over 155 countries and diversified product portfolio, which includes bladeless, optical, blunt, and bladed trocars.
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Expected Revenue Growth:
[108 Pages Report] The trocars market is expected to reach USD 762.3 million by 2023 from USD 502.8 million in 2017, at a CAGR of 7.2% during the forecast period.
Target Audience for this Report:
- Manufacturers and vendors of laparoscopic instruments products
- Distributors of laparoscopic & minimally invasive surgery products
- Venture capitalists
- Various research and consulting firms
- Hospitals and ambulatory surgery centers
- Government associations dedicated to laparoscopic and minimally invasive surgeries
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