Global Trocars Market

Market Analysis: Global Trocars Market

The global trocars market is expected to rise from its initial estimated value of USD 540.5 million in 2018 to an estimated value of USD 964.0 million by 2026 registering a CAGR of 7.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the increasing incidence of chronic disorders that requires surgery and rising need for minimally invasive surgeries.

Market Definition: Global Trocars Market

Trocar is an instrument used in surgeries to insert different surgical implements into blood vessel. They function as a portal for subsequent placement of various other instruments like staplers, scissors, graspers etc. Trocars can also be used to allow the escape of fluid or gas from organs within the body.

Market Drivers:

• Rising geriatric population has increased the demand for these instruments in the market
• Favorable reimbursement policies for several surgeries will act as a major factor

Market Restraints:

• Product failure and recalls is acting as a major restraint for the market
• Stringent government rules and regulations is also acting as a major market restraint.

Segmentation: Global Trocars Market

• By Product
  • Disposable Trocars
  • Reposable Trocars
  • Reusable Trocars
  • Accessories
• By Tip
  • Bladeless Trocars
  • Optical Trocars
  • Blunt Trocars
  • Bladed Trocars
• By Application
  • General Surgery
  • Gynaecological Surgery
  • Urological Surgery
  • Pediatric Surgery
  • Other Surgeries
• By End User
  • Hospitals
  • Other End Users
• By Geography
  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

• In 2018, B. Braun., Melsungen AG Company expanded its administration and production facilities by opening 5 new centers in Panang in order to cater the end users in Malaysia.
• In April, 2018, GENICON expanded its distribution facilities in China by signing an agreement with Greenpine Pharma.

Competitive Analysis: Global Trocars Market

The global trocars market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of trocars market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Trocars Market

Few of the major market competitors currently working in the trocars market are Johnson & Johnson, Medtronic, Ethicon USA LLC., B. Braun Melsungen AG, Applied Medical Resources Corporation, The Cooper Companies Inc., Teleflex Incorporated, CONMED Corporation, LaproSurge, Purple Surgical, GENICON, Bharat Surgical Co., ELMED Incorporated, Poly Medicure Limited, Jay Shakti Industries, Mortech Manufacturing Company Inc., NovaProbe Inc., Unimicro Medical Systems Co., Ltd., Unimax Medical Systems Inc. and Surkon Medical Co. Ltd.