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Global Trocars Market Estimated To Be Valued US$ 580.5 Mn In 2018 And Poised To Grow At Significant CAGR Over 2018-2023

Global Trocars Market: By Product Type (Disposable Trocars, Reposable Trocars, Reusable Trocars, and Accessories), By Tip Type (Bladeless Trocars, Optical Trocars, Blunt Trocars, and Bladed Trocars), By Application (General Surgery, Gynecological Surgery, Urological Surgery, Pediatric Surgery, and Other Surgeries), By End User (Hospitals and Other End Users), and Region (North America, Europe, Asia Pacific and Rest of the World) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024

Global Trocars Market

 

Global Trocars Market Report Description:

Global trocars market report gives comprehensive outlook on trocars market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific and Rest of the World. The report on global trocars market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, tip type, application, end user, and region. This report studies global trocars market dynamics elaborately to identify the current market trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global trocars market report includes regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global trocars market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global trocars market report include suppliers, manufacturers, marketers, policy makers, and health care service providers engaged in global trocars market products usage or advocacy.

 

The global trocars market estimated to be valued US$ 580.5 Mn in 2018 and poised to grow at significant CAGR over 2018-2023. Market for global trocars projected to reach US$ XX Mn by 2023 due to growing prevalence of cancer, obesity and hernia as well as the favorable reimbursement scenario in matured markets. The rise in awareness about the advanced treatment methods in emerging markets also driving the market positively.

 

Increase in Prevalence of Obesity, Cancer and Hernia

Increase in prevalence of obesity, cancer and hernia around the globe expected to fuel the market for trocars over the forecast period. Apart from above mentioned dynamics, factors like growing awareness about advanced treatment methods are expected to boost the trocars Market. Moreover, Launch of newer products in various countries enables the growth of trocars market over the forecast years.

 

Availability of Reimbursements for Laparoscopic Surgeries

Availability of reimbursements for laparoscopic surgeries and surge in awareness regarding different kinds of advanced treatment methods are expected to drive the revenue growth of trocars market. Moreover, greater adoption of trocars and government initiatives to support overall health care are the reasons anticipated to accelerate the market revenue growth over the forecast period.

 

North America Accounts for Larger Market Revenue Share in Global Trocars Market

North America accounted for larger revenue share in global trocars market with moderate CAGR due to increase in the prevalence and incidence of appendectomy, cancer and hernia in the region. Asia Pacific market projected to grow at highest growth rate over the forecast years due to presence of large patient population and increasing awareness. Europe trocars market projected to reach US$ XX Mn by 2023 owing to increase awareness about advanced technology and reimbursement for health care services anticipated to drive the market growth over forecast years.

 

Competition Assessment

Key players profiled in the Global Trocars Market include:

  • Medtronic (Ireland)
  • Ethicon (U.S.)
  • Braun (Germany)
  • Applied Medical (U.S.)
  • Cooper Companies (U.S.)
  • Teleflex (U.S.)
  • CONMED (U.S)
  • LaproSurge (U.K.)
  • Purple Surgical (U.K.)
  • GENICON (U.S.)

 

Global trocars market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, In January 2017, Ethicon Endo Surgery, Inc. has announced the acquisition of Megadyne Medical Products, Inc. Moreover, players in the global trocars market coming up with launch of newer products to garner larger market share in the market. For instance, in 2016, Teleflex has launched a second generation Percuvance percutaneous surgical system, which is used to execute laparoscopic procedures.

 

Key Findings of the Report:

 

  •  Global Trocars Market expanding at significant CAGR over 2018 to 2023 to reach market value of US$ 834.2 Mn by 2023 owing to increase in prevalence of obesity, cancer and hernia and awareness of advanced treatment methods
  • Bladeless trocars segment garnered larger revenue share in 2018 due to high adoption of bladeless trocars high stability offered by ergonomic design of trocars

 

Key Features of the Report:

 

  •  The report provides granular level information about the market size, regional market share, historic market (2012-2017) and forecast (2018-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

 By Product Type

  • Disposable Trocars
  • Reposable Trocars
  • Reusable Trocars
  • Accessories

 

By Tip Type

  • Bladeless Trocars
  • Optical Trocars
  • Blunt Trocars
  • Bladed Trocars

 

By Application

  • General Surgery
  • Gynecological Surgery
  • Urological Surgery
  • Pediatric Surgery
  • Other Surgeries

 

By End User

  • Hospitals
  • Other End Users

 

Geography

  • North America
  • S
  • Canada
  • Europe
  • Germany
  • France
  • K
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America
  • Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

 

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