The trocars market is expected to reach USD 762.3 million by 2023 from USD 538.5 million in 2018, at a CAGR of 7.2% during the forecast period. The major factors driving the growth of this market are the increasing prevalence of cancer, hernia, and appendicitis and growing preference for minimally invasive surgeries.
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On the basis of product, the trocars market is categorized into disposable trocars, reposable trocars, reusable trocars, and accessories. The disposable trocars segment is expected to grow at the highest growth rate during the forecast period. The high growth rate of this segment can be attributed to the different advantages of disposable trocars such as cost-effectiveness, safety mechanisms and they are user-friendly.
Based on tip, the trocars market is segmented into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. The bladeless trocars segment is expected to register the highest CAGR during the forecast period. This is mainly due to the ease of use of bladeless tip trocars, which minimize trauma to the abdominal wall and vessels. Moreover, the ergonomic design of these trocars offers high stability.
On the basis of application, the trocars market has been segmented into general surgery, gynecological surgery, pediatric surgery, urological surgery, and other surgeries. The general surgery segment is estimated to register the highest CAGR during the forecast period. The large share of this segment is primarily attributed to the rising number of bariatric and hernia treatment procedures performed worldwide.
By end user, the trocars market has been segmented into hospitals and other end users. The other end users segment includes ASCs and nursing homes. The hospitals are estimated to register the highest growth rate during the forecast period. This is mainly due to the preference for hospitals for surgical procedures.
Geographically, the trocars market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to register the highest CAGR during the forecast period. Improving healthcare infrastructure and growing awareness regarding advanced treatment methods are the driving factors for this region.
The major 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).
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The objectives of this study are as follows:
- To define, describe, and forecast the market by product, tip, application, end user, and region
- To forecast the size of the market with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
- To track and analyze competitive developments such as expansions, agreements, acquisitions, and collaborations in the market
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