Market Analysis:
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.
The global Trocars
Market was valued USD 578.9
million in 2017 and is likely to grow at a 7.5%
CAGR between 2018- 2023, reveals
the new Market Research Future (MRFR) report.
Trocars Market
Drivers and Restraints:
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.
Key Players:
Medtronic, Purple
Surgical, Laprosurge, Applied Medical Resources Corporation, GENICON, INC.,
Teleflex Incorporated, B. Braun Melsungen AG, Conmed Corporation, and Johnson
& Johnson Services, Inc.
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.
·
By end user, the
global trocars market is segmented into hospitals & others.
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.
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