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Rising Aging Population Fuels Future Growth of Trocars Market: Increasing Prevalence of Age-Related Ailments in a Rapidly Growing Elderly Demographic Worldwide
Trocars Market
The Business Research Company's Trocars Global Market Report 2023 the increase in ageing population is the major driver for the trocars market's growth in the forecast period. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. Several routine surgical procedures are being gradually replaced by laparoscopic techniques in the older population. During laparoscopic surgery, trocars are inserted through the abdomen to cause minimal invasion to the patient. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, the population over 65 is expected to increase from 9.3% in 2020 to about 16.0% in 2050.
The global trocars market size grew from $0.7 billion in 2022 to $0.77 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The trocars market size is expected to grow to $1.1 billion in 2027 at a CAGR of 9.5%.
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Major competitors in the trocars market are Johnson & Johnson Medical Devices, B. Braun Melsungen AG, Medtronic, Teleflex Incorporated, CooperSurgical Inc., CONMED Corporation, Applied Medical Resources Corporation.
A key trend in the trocars market includes growing technological advancements. The companies in the market are increasingly investing in improving the technology of trocars, which reduces the scope of error and makes the procedure better. For instance, in March 2022, Dutch Ophthalmic Research Center (DORC), a Netherlands-based manufacturer of automated interferometers and inspection equipment, launched EVA NEXUS. With the introduction of EVA NEXUS, numerous advancements in surgical effectiveness and efficiency are made, including SmartIOP, which integrates with the current EquiPhaco technology for improved control in cataract surgery.
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The trocars market is segmented -
• By Product: Disposable Trocars, Reposable Trocars, Reusable Trocars, Accessories
• By Tip: Bladeless Trocars, Optical Trocars, Bladed Trocars, Blunt Trocars
• By Application: General Surgery, Gynaecological Surgery, Urological Surgery, Bariatric Surgery, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the trocars market.
The Business Research Company's "Global Trocars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Trocars Market Include:
1. Executive Summary
2. Trocars Market Characteristics
3. Trocars Market Trends And Strategies
4. Trocars Market - Macro Economic Scenario
5. Trocars Market Size And Growth
……………
27. Trocars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Trocars Market
29. Trocars Market Future Outlook And Potential Analysis
30. Appendix
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