ALBANY, N.Y., Oct. 12, 2020
- Disposable trocars high on popularity, opportunities in the segment are expected to expand by 1.5X during 2019 – 2027
- Despite the revenue potential in Asia Pacific forecast to rise at remarkable pace on back of minimally-invasive surgeries, North America to still remain the leader in the global trocars market with projected ~35% share by 2027
ALBANY, N.Y., Oct. 12, 2020 /PRNewswire/ -- Technologies in trocars market are gaining clinical relevance in getting access to non-minimally intra-abdominal access in surgeries. Globally, the trocars market is expected to expand at a CAGR of ~4% from 2019 to 2027 and touch the mark of ~US$ 1.8 Bn by 2027-end.
Rise in demand for ergonomically-designed trocars in laparoscopy and other surgeries, mainly in hospitals, is a key trend behind the steady evolution of the trocars market. They are also increasingly being used in ambulatory surgical centers.
The advantages of fewer risk of trauma to patients and convenience to surgeons are key propositions for the adoption. In this light, analysts at TMR concur that players in the trocars market are relentlessly focused on technological developments in their product, notably including valves and better designs.
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Key Findings of Trocars Market Report
Explore 196 pages of top-notch research, incisive insights, and detailed country-level projections on Trocars Market (Product: Disposable Trocars, Reusable Trocars, Reposable Trocars, Accessories; Tip: Bladeless Trocars, Optical Trocars, Blunt Trocars, Bladed Trocars; Application: General Surgery, Gynecological Surgery, Laparoscopy, Urological Surgery, Pediatric Surgery, Others; End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/54585
Trocars Market: Key Driving Factors and Promising Avenues
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Trocars Market: Regional Assessment
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Trocars Market: Competitive Assessment
The global trocars market is characterized by a moderate degree of fragmentation among stakeholders, with the top four or five players accounting for the majority of shares. Companies engaged in manufacturing and selling trocars are increasingly focused on proactive approach for reducing the chances of product recalls. To this end, they are offering detailed product documentation. Top brands are keen on retaining their customers to maintain a stronghold.
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The trocars market is segmented based on:
Trocars Market by Product
Trocars Market by Tip
Trocars Market by Application
Trocars Market by End User
Trocars Market by Region
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Laparoscopy Devices Market: According to the report, the global laparoscopy devices market was valued at US$ 5.3 Bn in 2019. It is projected to expand at a CAGR of ~7% from 2020 to 2030. Increase in incidence of target conditions for laparoscopic surgery is anticipated to drive the global laparoscopy devices market in the near future
Endosurgery Devices Market: The demand for laparoscopic procedures is witnessing a notable growth across the world, owing to a range of benefits, such as less morbidity, faster healing, swift recovery, improved outcome, and low degree of discomfort. Surge in the adoption of these procedures has directly impacted the demand for endosurgery devices.
Thoracic Drainage Devices Market: According to the report, the global thoracic drainage devices market was valued at ~US$ 615 Mn in 2018. The global thoracic drainage devices market is expected to expand at a CAGR of ~5% from 2019 to 2027. Rise in the prevalence of cardiovascular diseases, increase in burden of spontaneous pneumothorax, and surge in health insurance coverage are the key factors likely to boost the growth of the global thoracic drainage devices market during the forecast period.
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