Global Trocars Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Trocars Market 2021 (Includes Business Impact of COVID-19)
Global Trocars Market is expected to be valued at US$ X.X Bn in 2020 and is estimated to be valued at US$ X.X Bn in 2023, and reach a value of US$ X.X Bn by end of 2028. The global trocars market report has been segmented on the basis of product type, tip type, application, and region.
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The global Trocars market size was valued at USD $1.85 billion in 2020 and is projected to reach USD $3.47 billion by 2030, and is anticipated to expand at a CAGR of 6.09% over the forecast period from 2020 to 2030.


Product Overview


Trocar, also known as a trochar, is a medical or veterinary instrument, made up of a cannula, an obturator, and a seal. Trocars are used during laparoscopic surgeries. The trocar functions as an entry point for the placement of other instruments, such as scissors, graspers, staplers, etc. This device also has its application in some processes where the escape of gas or fluid from organs is necessary within the body.

Dynamics:


Drivers, Challenges, Future Potential Growth and Trending Factors


The global trocars market is expected to register significant growth over the forecast period, owing to the increasing popularity of minimally invasive surgeries. Minimally invasive surgeries are safer than conventional surgeries and offer comparatively faster recovery time, also there is a minimal chance of post-operative infections. Moreover, increasing applicability of trocars in laparoscopic surgeries, coupled with an increasing number of laparoscopic surgeries per year is also expected to contribute to growth of the global trocars market over the forecast period. Rising prevalence of chronic conditions such as gynecological and urological disorders is also expected to augment growth of the global market. In addition, growing geriatric population is expected to support growth of the global market. Rising disposable income among the middle-class population has resulted in increasing preference for laparoscopic surgeries, leading to increasing demand for trocars, which in turn is expected to fuel growth of the global trocars market over the 10-year period.

High cost associated with laparoscopic surgeries, lack of health awareness among the populace, technical complications regarding use of trocars, and unavailability of medical facilities and equipment in underdeveloped regions are some factors restraining growth of the global trocars market to a certain extent.

Invention of smart trocars and increasing applicability in medical procedures are some of the key trends observed in the industry and are expected to augment growth of the global market over the estimated time period. There is a huge potential for growth of the market in the future, owing to opportunities from untapped markets and emerging markets.

Segment Analysis

By Product Type:

Among the segments based on product types, the disposable trocars segment is expected to hold dominant position in the global trocars market, as adoption of disposable trocars reduces chances of post-surgery infections thereby speeding up the recovery time and reducing number of hospital visits.

By Tip Type:

Among the tip type segments, the optical segment is anticipated to contribute higher revenue share in the global market in terms of revenue.  This can be attributable to benefits and features offered by optical tip types such as detailed view of the tissues.

By Application:

Among the application segments, the gynecological surgery segment is estimated to account for significant share in terms of revenue contribution in the global trocars market, attributable to increasing number of surgeries performed across the globe. The general surgery segment is projected to witness notable CAGR over the next 10-year period.

Analysis by Region:

The market in North America is dominating in the global trocars market currently and is expected to grow at a substantial growth rate over the 10-year period, owing to rising trend of early adoption of advanced technologies and presence of prominent players in the countries in the region. The Asia Pacific market is also expected to grow at a higher CAGR over the next 10-year period, owing to developing healthcare infrastructure and rising aging population in the region. In addition, increasing government support and initiatives, and rapidly growing medical tourism industry are other factors expected to drive growth of the market in Asia Pacific.


Below are the active patents related to Trocars Market.


Patent Number: US20150141916A1

Balloon trocar

Abstract

A balloon trocar includes a cannula assembly including a cannula and an outer sleeve fitting over the cannula. The distal end of the outer sleeve is proximal to the distal end of the cannula. A balloon is coupled to a distal portion of the sleeve and a distal portion of the cannula. The outer surface of the cannula includes a plurality of longitudinal channels for transmitting gas or fluid to the balloon. A bolster having a gel pad at its distal portion is slidably mounted to the cannula assembly and may be locked in a desired position. In use, the trocar is inserted into an incision through a body wall and into a body cavity. The balloon is inflated and the cannula assembly pulled proximally against the incision while the bolster is slid distally to the body wall and locked in place to seal the incision with the compressed balloon.

Application filed: 2015-01-26

Application granted: 2016-02-16

Current Assignee:  Applied Medical Resources Corp

Patent Number: US9314266B2

First-entry trocar system

Abstract

A surgical access system comprises a trocar, an insufflating optical obturator slidably insertable into the trocar, and a laparoscope slidably insertable into the obturator. A distal end of the obturator comprises a tip, at least a portion of which comprises a wall with a generally uniform thickness comprising a transparent material. At least one vent hole disposed at the obturator tip is fluidly connected to a gas flow channel defined by an interior surface of the obturator and the laparoscope, which is fluidly connected to an insufflation gas inlet disposed at a proximal end of the trocar. Improved optical characteristics of the trocar system permit precise and accurate visual placement thereof into a body cavity. Accordingly the access system is suitable as a first entry surgical access system. Embodiments of the trocar access are also useful for drug delivery, and/or for fluid and/or tissue aspiration.

Application filed: 2013-08-08

Application granted:2016-04-19

Current Assignee: Applied Medical Resources Corp

Global Trocars Market Segmentation:

Segmentation by Product Type:

  
Disposable Trocars
  
Reusable Trocars

Segmentation by Tip Type:

  
Bladeless Trocars
  
Optical Trocars
  
Blunt Trocars
  
Bladed Trocars

Segmentation by Application:

  
General Surgery
  
Gynecological Surgery
  
Urological Surgery
  
Pediatric Surgery
  
Other Surgeries


Key Market Players included in the report:


  
Abbott Laboratories
  
Applied Medical Resources Corporation
  
B. Braun Melsungen AG
  
Conmed Corporation
  
Cooper Companies (US)
  
Ethicon (US)
  
GENICON (US).
  
Johnson & Johnson Services, Inc.
  
LaproSurge (UK)
  
Medtronic (Ireland)
  
Pfizer Inc.,
  
Purple Surgical (UK)
  
Teleflex Incorporated
  
The Cooper Companies, Inc.
  
VLaprosurge


Below are the key development related to Trocars Market in 2020 and 2021.


June 2021: Singapores Genesis rapidly expands surgical device portfolio. Genesis MedTech Group, headquartered in Singapore, has completed the acquisition of Horcon, a China-based suture company, and secured exclusive distributorship rights for Sejong Medicals trocar products in China. Source

October 2020: Sharp Fluidics® launches NeoClose® AnchorGuard: designed to safely close Laparoscopic and Robotic surgery port sites without insufflation. Sharp Fluidics LLC announced the launch of the NeoClose® AnchorGuard following acquisition of NeoClose this past March. NeoClose AnchorGuard is used with the NeoClose anchor technology to enable clinicians to close laparoscopic and robotic port sites without insufflation. This is the first port site technology that can be used with any brand trocar that meets the Society of American Gastrointestinal and Endoscopic Surgeons (SAGES) recommended guidelines for safe closure of laparoscopic and robotic port sites. Source