November 23rd, 2018 Market Research Future Releases
Global 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 growing preference for minimally invasive surgeries, the rising 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. On the other hand, product recalls, and failure, trocars associated complications, and stringent government regulation and time-consuming approval process may hinder the growth of the 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.
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Geographically, the Americas is anticipated to dominate the global trocars market owing to the growing prevalence of several diseases such as cancer, hernia in the region and the availability of reimbursement. 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. 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. The Middle East & Africa has the lowest share of the market.
The Global Trocars Market has been segmented into product, tip, application, and end user.
On the basis of product, the global market has been segmented into disposable trocars, reusable trocars, reposable trocars, and accessories. The disposable trocars segment is anticipated to hold major market share to its cost-effectiveness and safety which has led to its growing adoption as compared to other trocar products.
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 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 global trocars market has been segmented into hospitals and others.
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Chapter 6. Global Trocars Market, By Product
Chapter 7. Global Trocars Market, By Tip
Chapter 8. Global Trocars Market, By Application
Chapter 9. Global Trocars Market, By End User
Chapter 10. Global Trocars Market, By Region
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