Trocars Market Size Worth $991.1 Million by 2026 | CAGR 4.3%: Grand View Research, Inc.

Trocars Market Size Worth $991.1 Million by 2026 | CAGR 4.3%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, December 3, 2018

SAN FRANCISCO, December 3, 2018 /PRNewswire/ --

The global trocars market size is estimated to reach USD 991.1 million by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.3% during the forecast period. Rising geriatric population, increasing reliance on laparoscopic surgeries, and favorable reimbursement policies in developed countries are some of the primary growth stimulants for the market.

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Favorable reimbursement policies by governments and key players for surgical devices and instruments are projected to boost the growth of the market over the forecast period. Key players are providing favorable reimbursement policies in order to promote minimally invasive surgeries, laparoscopic surgeries, and bariatric surgeries. For instance, Ethicon (subsidiary of Johnson & Johnson) conducts Reimbursement Support Program to help healthcare providers with reimbursement related to laparoscopic surgeries and minimally invasive surgeries. These initiatives are most likely to help healthcare providers to take up these procedures instead of traditional ones. Thus, these factors are likely to drive the market over the forecast period.

In addition, the volume of surgeries has increased manifolds due to increasing geriatric population worldwide. Geriatric population are prone to various diseases, which require various surgical interventions for treatment. According to estimates published by WHO, the global elderly population is likely to increase from 841.0 million in 2014 to more than 2.0 billion by 2050.

Browse full research report with TOC on "Trocars Market Size, Share & Trends Analysis Report By Product (Disposable, Reusable), By Tip (Bladeless, Optical, Blunt, Bladed), By Application, By Region, and Segment Forecasts, 2018 - 2026" at: https://www.grandviewresearch.com/industry-analysis/trocars-market

Further Key Findings From the Report Suggest: 

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Grand View Research has segmented the global trocars market on the basis of product, tip, application, and region: 

Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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