Blogs

Trocars Market Growth, Future Scope, Challenges, Opportunities, Trends, Outlook 2030

on August 10 at 09:56 AM

The global trocars market was valued USD 578.9 million in 2017 and is likely to grow at a 7.5% CAGR between the forecast period, reveals the new Market Research Future (MRFR) report. Trocar or trochar, simply put, is a medical instrument that is made of a seal, obturator, and cannula, and mostly used at the time of laparoscopic surgeries. Pediatric surgery, laparoscopy surgery, urological surgery, gynecological surgery, general surgery, and others are some of its key applications.

Various factors are adding to the trocars market share. Such factors, as revealed by the latest MRFR report, include favorable reimbursement policies, increasing incidence of chronic disorders that needs surgery, and preference for surgeries that are minimally invasive as they are safer, have faster recovery time, and minimal chances of infections after the operation. Additional factors adding market growth include increasing applicability in laparoscopic surgeries, rising number of such surgeries each year, rising prevalence of urological and gynecological disorders, increasing geriatric population, and rising disposable income among the middle-class population.

On the contrary, high cost of laparoscopic surgeries, technical complications, lack of health awareness, unavailability of medical equipment and medical facilities, time-consuming approval process, strict government regulation, and product recalls & failure are the factors that may limit the global trocars market growth over the forecast period.

Market Segmentation

The MRFR Report offers an inclusive segmental analysis of the global trocars market based on end user, application, tip, and product.

  • By product, the global trocars market is segmented into accessories, reposable trocars, reusable trocars, and disposable trocars. Of these, disposable trocars will lead the market over the forecast period for its safety and cost-effectiveness.
  • By tip, the global trocars market is segmented into bladed trocars, blunt trocars, optical trocars, and bladeless trocars. Of these, bladeless trocars will dominate the market over the forecast period for its plentiful benefits such as easy use and no trauma caused to the organ or internal body.
  • By application, the global trocars market is segmented into pediatric surgery, laparoscopy surgery, urological surgery, gynecological surgery, general surgery, and others. Of these, laparoscopy surgery will have a major share in the market over the forecast period as it is widely practiced for its various benefits such as detailed and precise view, rapid healing, and low chance of having post infections.
  • By end user, the global trocars market is segmented into hospitals & others.  

Key Players

Key players profiled in the global trocars market report include Medtronic, Purple Surgical, Laprosurge, Applied Medical Resources Corporation, GENICON, INC., Teleflex Incorporated, B. Braun Melsungen AG, Conmed Corporation, and Johnson & Johnson Services, Inc.

Regional Analysis

By region, the global trocars market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will spearhead the market over the forecast period for the availability of reimbursement and rising incidence of hernia and cancer. Besides, increasing geriatric population and developed healthcare infrastructure are also adding market growth.

The global trocars market in Europe is predicted to hold the second-largest share over the forecast period for the presence of a well-developed healthcare sector and rising incidence of chronic disease.

The global trocars market in the APAC region is predicted to grow at a fast pace over the forecast period for the developing healthcare infrastructure coupled with the increasing prevalence of cancer, obesity, and other diseases that require surgery.

The global trocars market in the MEA is predicted to have the lowest share during the forecast period. The Middle East will have a notable share for the growing initiatives by the government for the healthcare sector and the presence of a well-developed healthcare sector.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future (MRFR) team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 

99 Hudson Street,5Th Floor, New York, New York 10013, 

United States of America

+1 646 845 9312

Email: [email protected] 

Comments (0)