Trocars Market Is Projected To Reach $1,080.9 Million By 2027 | CAGR: 7.2% | Top Companies Are Medtronic, Ethicon, & B. Braun

CITY – Northbrook, Country – USA, 2020-Feb-04 — /EPR Network/ —

The global trocars market size is expected to reach USD 762.3 million by 2023 from USD 538.5 million in 2018, at a CAGR of 7.2% during the forecast period. The major factors driving the growth of this market are the increasing prevalence of cancer, hernia, and appendicitis and growing preference for minimally invasive surgeries.

Browse 63 market data Tables and 32 Figures spread through 108 Pages and in-depth TOC on “Trocars Market – Global Forecast to 2027”

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Increasing preference for minimally invasive surgeries over conventional open surgeries and rising prevalence of cancer, hernia, and appendicitis are the major factors driving the growth of the market. Emerging economies such as India and China provides opportunities for players operating in the trocars market.

The company’s leadership position in the market can be attributed to its strong geographic presence in over 155 countries and diversified product portfolio, which includes bladeless, optical, blunt, and bladed trocars. The company focuses on organic strategies such as expansions to strengthen its position in the market. For instance, in 2016, the company established new Asia Pacific regional headquarters in Singapore. The expansion strengthened the company’s business operations in 80 locations across the Asia Pacific region.

By product, the trocars market is classified into disposable trocars, reposable trocars, reusable trocars, and accessories. The disposable trocars segment is estimated to command the largest market share in 2018. Their cost-effectiveness, user-friendliness, and safety have resulted in their greater adoption, as compared to reusable trocars.

By tip, trocars market segment segmented into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. In 2018, the disposable trocars segment is estimated to account for 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.

The general surgery segment is estimated to grow at the highest CAGR during the forecast period

The application segment is further segmented into general surgery, gynecological surgery, pediatric surgery, urological surgery, and other surgeries. The general surgery segment is estimated to register the highest growth during the forecast period. The key factors driven by the growth of this segment is the rising prevalence of obesity, hernia, and appendicitis.

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Key players in the trocars market include 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).

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