Trocars Market Size, Share, Global Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Trocars Market


The global Trocars market size is projected to reach US$ 995.46 million by 2026, from US$ 773.25 million in 2020, at a CAGR of 4.3% during 2021-2026. Demand for trocars is experiencing an upswing due to growing reliance on laparoscopy, favorable reimbursement policies, and increasing geriatric population. Rising prevalence of chronic conditions such as urological and gynecological disorders is also poised to stoke the growth of the market.

Based on tip, the market is segmented into bladeless, optical, blunt, and bladed trocars. Bladeless trocars are likely to be the most prominent segment in the market during the forecast period. Versatile applicability, flexible usage, and unique mode of entry in abdominal cavity during laparoscopic surgeries are the major factors escalating the growth of the segment. In addition, ease of usage and less chance of getting infection are also expected to spur the growth of the segment.

Laparoscopic methodologies bring down danger of postoperative contaminations, guarantees rapid recuperation, allows short time discharge from hospitals, shows rapid outcome, and also lowers the chance of gaining any further complications. There is a growing inclination towards trocars and cannula with the developing dependence on laparoscopy as they are broadly used to embed a laparoscope to get the view of internal body structures.Partially collapsed lungs, pain, blood clumps, exhaustion, muscle decay, and contaminations are some of the common postoperative complexities of traditional open surgeries. Due to these complexities, surgeons prefer to utilize laparoscopic methodology to conventional open surgeries, since it offers rapid recovery with minimal chance of post-operative infections.

In addition, in recent times, these surgeries are used in some cases of gynecological problems. Surgeons recommend gynecologic laparoscopy in place of open surgery as trocars used during this type of surgery allows detailed internal view of pelvic area. Widening base of geriatric population is leading to increased demand for surgeries. This, in turn, is working in favor of the market.

Market Segmentation, Outlook & Viewpoint: Global Trocars Market

Product Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Disposable Trocars
  
Reusable trocars

Tips Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Bladeless Trocars
  
Optical Trocars
  
Blunt Trocars
  
Bladed Trocars

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
General Surgery
  
Gynecological Surgery
  
Urological
  
Pediatric surgery
  
Other Surgeries

Key Players, Recent Developments & Regional Insights: Global Trocars Market

Based on product type, the trocars market is bifurcated into disposable and reusable trocars. Disposable trocars are the more preferred ones. The segment is estimated to dominate the market throughout the forecast horizon, owing to increasing penetration of laparoscopic surgery. In addition, benefits offered by them, such as lower post-operative infection and ease of usage, are contributing to the growth of the segment.

The reusable trocar segment, on the other hand, is projected to exhibit a higher CAGR during the forecast period. Factors such as cost efficiency and easy access to internal structure of the body are supplementing the growth of the segment. However, higher chance of getting post-operative infection can impede the growth of the segment.

Regional Insights

North America is expected to command the leading share in the market through 2025. The region is anticipated to be followed by Europe during the same period. Increasing preference for laparoscopic surgeries to open surgeries and swelling competition among prominent market participants in terms of product innovation are augmenting the market in North America. The U.S. is the leading revenue contributor in the region. Rising awareness regarding benefits of minimally invasive surgeries and laparoscopic procedures and increasing healthcare expenditure are encouraging the growth of the regional market.

Asia Pacific is poised to be the most promising region in the global arena. The growth of the region can be attributed to untapped opportunities and growing geriatric population. Factors such as increasing healthcare expenditure and technological advancements are responsible for a higher adoption of trocars in APAC countries. Furthermore, government initiatives are also playing a vital role in the growth of the market. For instance, the Ministry of Health, China is taking initiatives to conduct training programs for surgeons on laparoscopic surgery. This, in turn, is promoting the demand for trocars in this region.

Trocars Market Share Insights

Some of the key players in the market are CONMED Corporation; The Cooper Companies Inc.; Teleflex Incorporated; GENICON, INC; Medtronic; B. Braun Medical Inc.; and Johnson & Johnson. Key players adopt strategies such as product launch, collaborations, and mergers & acquisitions and enter into partnerships to strengthen their position in the market. For instance, in November 2017, B. Braun established its own subsidiary in Zambia, South Africa that marks geographical expansion of the company.

Key Insights Covered: Global Trocars Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Trocars industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Trocars industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Trocars industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Trocars industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Trocars industry.

Research Methodology: Global Trocars Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other