Trocars Market Research Report- Forecast till 2027

Trocars Market Research Report by Product (Disposable Trocars, Reusable Trocar, Reposable Trocar), Tip (Bladeless, Optical, Blunt, Bladed), Application (General Surgery, Urological Surgery, Pediatric Surgery, Other), End User, and Region- Forecast till 2027

Q: Which product segment will lead the trocars market?

Disposable trocars segment will lead the trocars market. . Read More

Q: Which factors may limit the trocars market growth?

Product recalls may limit market growth. . Read More

ID: MRFR/MED/5177-HCR | February 2021 | Region: Global | 90 pages

Trocars Market Scenario

The Trocars Market is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 578.9 million in 2017 and is projected to grow at a CAGR of 7.5% over the forecast period. A trocar is a surgical instrument used to insert various surgical implements into a blood vessel. The factors such as increasing preference for minimally invasive surgeries, growing prevalence of chronic disorders which requires surgery, and favorable reimbursement policies for various surgeries are expected to drive the growth of the market during the forecast period. As per the annual plastic surgery procedural statistics, about 17.5 million surgical and minimally invasive cosmetic procedures performed in the US in 2017. However, the factors such as product recalls and failure and strict government regulation and time-consuming approval process may restrain the market growth.

Currently, a large number of players operate in the trocars market. The prominent players in the market are engaged in strategic acquisitions and collaborations to strengthen its market position. For instance, in 2018, GENICON, INC. entered in a distribution agreement with Greenpine Pharma headquarter in China to distribute its complete range of products in China.

Segmentation

The Trocars Market has been segmented into product, tip, application, and end user.

By product, the market has been segmented into disposable trocars, reusable trocars, Reposable trocars, and accessories.

By tip, the market has been segmented into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. On the basis of tip, the bladeless trocars segment is expected to hold the largest market share owing to the advantages such as easy usage of bladeless trocars and no trauma caused to the internal body or organ.

On the basis of application, the market has been segmented into general surgery, gynecological surgery, urological surgery, laparoscopy surgery, pediatric surgery, and others.

On the basis of end user, the market has been segmented into hospitals and others.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The trocars market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European trocars market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The trocars market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The trocars market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

Johnson & Johnson Services, Inc., Medtronic, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, GENICON, INC., Applied Medical Resources Corporation, Laprosurge, and Purple Surgical are some of the key players in the trocars market.

Regional Market Summary Global Trocars Market Share (%), by Region, 2017

Source: Cancer Statistics, White Papers, Company Presentations, Annual Reports

Geographically, the Americas is anticipated to dominate the global trocars market owing to the growing prevalence of several diseases such as cancer and hernia in the region and the availability of reimbursement. According to the Cancer Statistics 2017, estimated new cancer cases in males was 836,150 and 852,630 in females in the US in 2017. Additionally, the developed healthcare infrastructure and increasing geriatric population are expected to contribute to the market growth in the region.

Europe is expected to hold the second largest position in the global trocars market. The market growth in this region is attributed to the increasing prevalence of chronic diseases and well-developed healthcare sector in the region. According to the Cancer Research UK, about 359, 960 new cases of cancer were reported in the UK.

The trocars market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be the fastest growing region owing to the growing prevalence of obesity, cancer, and various other diseases requiring surgery and developing healthcare infrastructure. According to the World Health Organization, in 2016, the prevalence of overweight among adults aged above 18 years was 57.1% in Russia, 32.3% in China, and 19.7% in India.

The Middle East & Africa has the lowest share of the market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the presence of well-developed healthcare sector and growing government initiatives for the healthcare sector.

Trocars Market, by Product

Disposable Trocars

Reusable Trocars

Reposable Trocars

Accessories

Trocars Market, by Tip

Bladeless Trocars

Optical Trocars

Blunt Trocars

Bladed Trocars

Trocars Market, by Application

General Surgery

Gynecological Surgery

Laparoscopy Surgery

Urological Surgery

Pediatric Surgery

Others

Trocars Market, by End User

Hospitals

Others

Trocars Market, by Region

Americas
- North America
  - US
  - Canada
- South America

Europe
- Western Europe
  - GermanyFrance
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- JapanChinaIndia
- Australia
- South Korea
- Rest of Asia-Pacific

Middle East & Africa
- Middle East
- Africa

Intended Audience

Manufacturers and vendors of laparoscopic instrumentsproducts

Distributors of laparoscopic & minimally invasive surgery products

Pharmaceutical and biotechnology manufacturers

Contract research organizations (CROs)

Contract manufacturing organizations (CMOs)

Report Scope:

Report Attribute/Metric	Details
Market Size	2017: USD 578.9 Million 2027: Significant Value
CAGR	7.5% (2018-2023)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Tip, Application, End User
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Johnson & Johnson Services, Inc., Medtronic, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, GENICON, INC., Applied Medical Resources Corporation, Laprosurge, and Purple Surgical
Key Market Opportunities	New product launches and R&D Amongst major key Players
Key Market Drivers	Increasing preference for minimally invasive surgeries Growing prevalence of chronic disorders Favorable reimbursement policies for various surgeries

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Frequently Asked Questions (FAQ) :

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Trocars Market, by Product

6.1 Introduction

6.2 Disposable Trocars

Market Estimates & Forecast, by Region, 2020-2027