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Over $968.5 million, Trocars market - 2024, Ethicon Inc. (J&J), Medtronic PLC, and Applied Medical Resources Corporation are the leading players in the global market
Meticulous Research®– one of the leading global market research companies published a research report titled “Trocars market by Product Type (Disposable, Reusable, Reposable), Type of Tip (Bladeless, Optical, Bladed, Blunt), Application (General Surgery, Gynecology, Urology, Bariatric Surgery), and End User (Hospitals and ASCs) - Global Forecast to 2024”The global market for trocars is expected to grow at a CAGR of 6.8% from 2019 to reach $968.5 million by 2024. This is primarily driven by increasing adoption of minimally invasive surgical procedures, increasing aging population and rising prevalence of chronic diseases, increasing obesity ratio and rising adoption of laparoscopic bariatric procedures, and technological advancements in the field of laparoscopy. According to the United Nations (UN), by 2050, people aged 60 years or over will account for more than 20% of world’s population.
Browse in-depth Report on https://www.meticulousresearch.com/product/trocars-market/247/
On the basis of product type, disposable trocars commanded the largest share of the global trocars market in 2018. The disposable trocars are easy and comfortable to handle and hence enable surgeons to ensure safety at lower per piece cost attributing to their higher adoption and large share.
On the basis of type of trocar tip, bladeless trocars dominated the global trocar market in 2018. The higher adoption of these products is majorly attributed to the comfort in usage of bladeless tip offering higher stability and reducing the chances of trauma to abdominal walls and vessels.
By tip, trocars market segment is segmented into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. In 2018, the disposable trocars segment accounted for the largest market share. 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, general surgery segment commanded the largest share of the global trocars market in 2018. This is mainly attributed to rising incidence & prevalence of diseases like hernia, colorectal cancer, appendicitis, and gastroesophageal reflux diseases; and rising adoption of laparoscopic procedures for the treatment of these diseases.
Geographically, North America region is expected to dominate the global trocars market in 2018, followed by Europe and Asia-Pacific. This is mainly due to remarkably advanced healthcare industry with higher healthcare spending, higher adoption of innovative technologies and MIS surgical procedures; increasing prevalence & incidence of many chronic diseases with expanding proportion of elderly population; and presence of leading players in this region.
The global trocars market is oligopolistic in nature with top 3 players holding more than half of the market share in 2018. Ethicon Inc. (J&J), Medtronic PLC, and Applied Medical Resources Corporation are the leading players in the global trocars market. The other key players in the global trocars market are Aesculap, Inc. (B. Braun Melsungen AG), Genicon Inc., Xion GmbH, LaproSurge Ltd., Peters Surgical, Teleflex Incorporated, Conmed Corporation, Purple Surgical, The Cooper Companies, Inc., Alesi Surgical Limited, Victor Medical, MetroMed Healthcare, Seemann Technologies, Sejong Medical Co., Ltd., Sferamed, Ackermann Instrumente GmbH, Guangzhou T.K Medical Instrument Co., Ltd., Hangzhou Optcla Medical Instrument Co., Ltd. (Mindray Company), Specath (Foshan Special Medical Co., Ltd.), Elmed Incorporated, and Olympus Corporation.
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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