Global Trocars Market 2019: Global Trends, Market Size, Comprehensive Research Study, Development Status, Future Plans, Competitive Landscape Scenario, and Growth Forecast to 2033
Global Trocars Market was valued at USD 570.2 Million in 2023 and reaches USD 1068.5 Million by 2033 at a CAGR of 6.48%.
The global trocars market report has been segmented on the basis of product type, tip type, application, and region.
Trocar, also known as a trochar, is a medical or veterinary instrument, made up of a cannula, an obturator, and a seal. Trocars are used during laparoscopic surgeries. The trocar functions as an entry point for the placement of other instruments, such as scissors, graspers, staplers, etc. This device also has its application in some processes where the escape of gas or fluid from organs is necessary within the body.
Dynamics: Drivers, Challenges, Future Potential Growth, and Trending Factors
The global trocars market is expected to register significant growth over the forecast period, owing to the increasing popularity of minimally invasive surgeries. Minimally invasive surgeries are safer than conventional surgeries and offer comparatively faster recovery time, also there is a minimal chance of post-operative infections. Moreover, the increasing applicability of trocars in laparoscopic surgeries, coupled with an increasing number of laparoscopic surgeries per year is also expected to contribute to the growth of the global trocars market over the forecast period. The rising prevalence of chronic conditions such as gynecological and urological disorders is also expected to augment the growth of the global market. In addition, the growing geriatric population is expected to support the growth of the global market. Rising disposable income among the middle-class population has resulted in an increasing preference for laparoscopic surgeries, leading to increasing demand for trocars, which in turn is expected to fuel the growth of the global trocars market over the 10-year period.
High costs associated with laparoscopic surgeries, lack of health awareness among the populace, technical complications regarding use of trocars, and unavailability of medical facilities and equipment in underdeveloped regions are some factors restraining the growth of the global trocars market to a certain extent.
The invention of smart trocars and increasing applicability in medical procedures are some of the key trends observed in the industry and are expected to augment growth of the global market over the estimated time period. There is a huge potential for growth of the market in the future, owing to opportunities from untapped markets and emerging markets.
By Product Type:
Among the segments based on product types, the disposable trocars segment is expected to hold a dominant position in the global trocars market, as the adoption of disposable trocars reduces the chances of post-surgery infections thereby speeding up the recovery time and reducing a number of smart hospital visits.
By Tip Type:
Among the tip-type segments, the optical segment is anticipated to contribute a higher revenue share in the global market in terms of revenue. This can be attributable to benefits and features offered by optical tip types such as detailed view of the tissues.
Among the application segments, the gynecological surgery segment is estimated to account for a significant share in terms of revenue contribution in the global trocars market, attributable to the increasing number of surgeries performed across the globe. The general surgery segment is projected to witness notable CAGR over the next 10-year period.
Analysis by Region:
The market in North America is dominating in the global trocars market currently and is expected to grow at a substantial growth rate over the 10-year period, owing to the rising trend of early adoption of advanced technologies and the presence of prominent players in the countries in the region. The Asia Pacific market is also expected to grow at a higher CAGR over the next 10-year period, owing to developing healthcare infrastructure and rising aging population in the region. In addition, increasing government support and initiatives, and the rapidly growing medical tourism industry are other factors expected to drive the growth of the market in Asia Pacific.
Global Trocars Market Segmentation:
Segmentation by Product Type:
- Disposable Trocars
- Reusable Trocars
Segmentation by Tip Type:
- Bladeless Trocars
- Optical Trocars
- Blunt Trocars
- Bladed Trocars
Segmentation by Application:
- General Surgery
- Gynecological Surgery
- Urological Surgery
- Pediatric Surgery
- Other Surgeries
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD 570.2 Million Growth Rate 6.48% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2023-2033 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- CONMED Corporation
- The Cooper Companies Inc.
- Teleflex Incorporated
- GENICON, INC
- Medtronic plc
- Braun Medical Inc.
- Johnson & Johnson
- WISAP Medical Technology GmbH
- Unimicro Medical Systems Co. Ltd
- KARL STORZ GmbH & Co. KG
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