Trocars Market 2020 Global Industry Extensive Competitive Landscape on Size, Volume, Trends, Share and Revenue| Regional Forecast By 2023

2020 Research Report on Global Trocars Market is a professional and comprehensive report on the Trocars industry.

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Key Players: 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).

"The global trocars market is projected to grow at a CAGR of 7.2% during the forecast period."

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%. The major driving factors for this market include preference form in imally invasive surgeries over conventional open surgeries and rising prevalence of cancer, hernia, and appendicitis. Emerging economies such as India and China provides an opportunity for the players operating in the trocars market.

"The hospitals segment dominated the market in 2018"

On the basis of end user, the trocars market has been segmented into hospitals and other end users. The other end users segment includes ASCs and nursing homes. In 2018, the hospitals segment is estimated to register the largest share of the trocars market, by end user, as the majority of the patients prefer hospitals for surgical procedures.

"The general surgeries segment is estimated to grow at a rapid rate during the forecast period."

Based on application, the trocars market has been segmented into general surgery, gynecological surgery, pediatric surgery, urological surgery, and other surgeries. In 2018, the general surgery segment is estimated to account for the largest market share. The large share of this segment is primarily attributed to the rising number of bariatric and hernia treatment procedures performed worldwide.

"Asia Pacific is estimated to register the highest CAGR during the study period."

In this report, the trocars market is segmented into four major regional segments--North America, Europe, Asia Pacific, and the Rest of the World. The trocars market in the Asia Pacific is projected to register the highest growth rate during the forecast period. Factors such as improving healthcare infrastructure, growing awareness regarding advanced treatment methods, and rising disposable income.

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In the end, the Global Trocars Market report's conclusion part notes the estimation of the industry veterans.

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