Global Trocars Market was valued US$ 619.91 Mn in 2019 and is expected to reach US$ 1012 Mn by 2027, at a CAGR of 7.25 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
A trocar is a surgical instrument used to insert various surgical apparatuses into a blood vessel. Growth potential of developing economies is a key opportunity of the trocars market. Rising preference for minimally invasive surgeries, an increasing rate of target conditions for laparoscopic surgery and growing awareness programs are driving the growth of the Global Trocars Market. However, product failures & recalls, strict governing framework & time-consuming approval process is limiting the growth of the global trocars market.
The bladeless trocars segment is expected to account for the XX% market share during the forecast period, owing to ease-of-use of bladeless tip trocars, no trauma to the interior body organs & vessels and a fewer chance of getting the infection. Multipurpose applicability, flexible usage, and distinctive mode of entry in the stomach cavity during laparoscopic surgeries are the major factors rising the growth of the bladeless trocars segment.
Multinational companies are proactively discovering the new opportunities in the bladeless trocars segment by adopting strategies such as the acquisition of start-up companies and forming deal to establish their presence in the market.
The general surgery segment is projected to the highest growth rate during the forecast period owing to the rising number of obesity, growing reliance on minimally invasive surgeries hernia, and appendicitis cases. Disposable trocars transport high-quality medical output and the chance of post-operative infection is low.
Growing healthcare sector and technological advancements are responsible for higher adoption of trocars in Asia Pacific region. The trocars market is estimated to grow in North America throughout the forecast period due to the increasing occurrence of obesity & chronic diseases such as urological & gynecological disorders and the ease of use of reimbursements for laparoscopic procedures from Medicare. The Middle East & Africa has the lowest share of the global trocars market.
Some of the prominent players in the global trocars market are Johnson & Johnson Services, Inc., The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, GENICON, INC., Applied Medical Resources Corporation, Laprosurge, Purple Surgical, and Medtronic.
The objective of the report is to present comprehensive analysis of Global Trocars Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Trocars Market dynamics, structure by analyzing the market segments, and project the Global Trocars Market size. Clear representation of competitive analysis of key players by Global Trocars Drops Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Trocars Market make the report investor’s guide.
The Scope of Global Trocars Market:
Global Trocars Market, by Product:
• Disposable Trocars
• Reposable Trocars
• Reusable Trocars
Global Trocars Market, by Tip:
• Bladeless Trocars
• Optical Trocars
• Blunt Trocars
• Bladed Trocars
Global Trocars Market, by Application:
• General Surgery
• Gynaecological Surgery
• Urological Surgery
• Pediatric Surgery
• Other Surgeries
Global Trocars Market, by End-User:
• Other End Users
Global Trocars Market, by Region:
• North America
• South America
• Middle East & Africa
Key Player Operating In the Global Trocars Market:
• Johnson & Johnson Services, Inc.
• The Cooper Companies, Inc.
• Conmed Corporation, B. Braun Melsungen AG
• Teleflex Incorporated
• GENICON, INC.
• Applied Medical Resources Corporation
• Purple Surgical
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