LONDON - March 19, 2019 - (Newswire.com)
According to this latest publication from Meticulous Research®, the global trocars market will grow at a CAGR of 6.8% from 2019 to reach $968.5 million by 2024. This growth is primarily driven by increasing adoption of minimally invasive surgical procedures, increasing aging population and thereby rising prevalence of chronic diseases, growing obesity ratio and rising adoption of laparoscopic bariatric procedures, and technological advancements in the field of laparoscopy. However, many major complications like vascular injury and vesicular injury; and minor side effects such as trocar site infection, herniation, bleeding and post-operative pain are associated with the use of trocars. Such side effects and the shortage of skilled healthcare professionals and surgeons across the globe may inhibit the use of trocars to a certain extent during the forecast period.
The global trocars market is mainly segmented by product type, (disposable trocars, reusable trocars, and reposable trocars), type of tip (bladeless trocar, blunt trocar, bladed Trocar, and optical trocar), application, (general surgery, gynaecological surgery, urological surgery, bariatric surgery, and others), and end user (hospitals, and home care).
For more insights on global Trocars Market , download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=4948
On the basis of product type, disposable trocars held the largest share. The disposable trocars are easy and comfortable to handle and hence enables surgeons to ensure safety at lower per piece cost, attributing to their higher adoption and large share.
In 2018, on the basis of type of trocar tip, bladeless trocars dominated the global trocar market with. The higher adoption of these products is majorly attributed to the comfort in usage of bladeless tip offering higher stability and reducing the chances of trauma to abdominal walls and vessels.
On the basis of application, general surgery segment commanded the largest share of the global trocars market in 2018. This is mainly attributed to rising incidence & prevalence of diseases like hernia, colorectal cancer, appendicitis, and gastroesophageal reflux diseases; and rising adoption of laparoscopic procedures for the treatment of these diseases.
Geographically, this market is segmented into North America (U.S., and Canada), Europe (Germany, France, U.K., Italy, Spain, and RoE), Asia Pacific (Japan, China, India, and RoAPAC), Latin America, and Middle East & Africa. North America dominated the global trocars market, followed by Europe and Asia-Pacific. This is mainly due to remarkably advanced healthcare industry with higher healthcare spending, higher adoption of innovative technologies and MIS surgical procedures; increasing prevalence & incidence of many chronic diseases with expanding proportion of elderly population; and presence of leading players in the market in this region.
The global trocars market is oligopolistic in nature with top 3 players holding more than half of the market share in 2018. The leading players operating in this market are Ethicon Inc. (J&J), Medtronic PLC, Applied Medical Resources Corporation, Aesculap, Inc. (B. Braun Melsungen AG), Genicon Inc., Xion GmbH, LaproSurge Ltd., Peters Surgical, Teleflex Incorporated, Conmed Corporation, Purple Surgical, The Cooper Companies, Inc., Alesi Surgical Limited, Victor Medical, MetroMed Healthcare, Seemann Technologies, Sejong Medical Co., Ltd., Sferamed, Ackermann Instrumente GmbH, Guangzhou T.K Medical Instrument Co., Ltd., Hangzhou Optcla Medical Instrument Co., Ltd., Specath, Elmed Incorporated, and Olympus Corporation.
Browse in-depth Report on https://www.meticulousresearch.com/product/trocars-market/247/
Key Topics Covered in This Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increasing Adoption of Minimal Invasive Surgery
4.2.2. Increasing Aging Population and Rising Incidence & Prevalence of Chronic Diseases
4.2.3. Increasing Obesity Ratio and Rising Adoption of Laparoscopic Bariatric Procedures
4.2.4. Technological Advancements in the Field of Laparoscopy
4.3. Restraints
4.3.1. Complications Associated With the Use of Trocars
4.3.2. Lack of Skilled Professionals
4.4. Opportunities
4.4.1. Emerging Economies: Latin America, Asia, and Africa
4.5. Challenges
4.5.1. Increasing Agreements with GPO and Rise in Product Bundling for Sales
4.6. Market Share Analysis
5. Trocars Market, by Product Type
5.1. Introduction
5.2. Disposable Trocars
5.3. Reusable Trocars
5.4. Reposable Trocars
5.5. Accessories
6. Trocar Market, by Type of Tip
6.1. Introduction
6.2. Bladeless Trocars
6.3. Blunt Trocars
6.4. Bladed Trocars
6.5. Optical Trocars
7. Trocar Market, by Application
7.1. Introduction
7.2. General Surgery
7.3. Gynaecological Surgery
7.4. Urological Surgery
7.5. Bariatric Surgery
7.6. Others
8. Trocar Market, by End Users
8.1. Introduction
8.2. Hospitals
8.3. Ambulatory Surgery Centers
9. Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. Introduction
9.2.2. U.S.
9.2.3. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Rest of Asia Pacific (RoAPAC)
9.5. Rest of World
9.5.1. Latin America
9.5.2. Middle East and Africa
10. Company Profiles (Includes Business Overview, Recent Financials, Product Portfolio, and Recent Developments)
10.1. Medtronic PLC
10.2. Applied Medical Resources Corporation
10.3. B. Braun Melsungen AG
10.4. Genicon, Inc.
10.5. Xion GmbH
10.6. Laprosurge Ltd.
10.7. Peters Surgical
10.8. Teleflex Incorporated
10.9. Conmed Corporation
10.10. Ethicon, Inc.
10.11. Purple Surgical
10.12. The Cooper Companies, Inc.
10.13. Alesi Surgical Limited
10.14. Victor Medical
10.15. Metromed Healthcare
10.16. Seemann Technologies
10.17. Sejong Medical Co., Ltd.
10.18. Sferamed
10.19. Ackermann Instrumente GmbH
10.20. Guangzhou T.K Medical Instrument Co., Ltd.
10.21. Hangzhou Optcla Medical Instrument Co., Ltd. (Mindray Company)
10.22. Specath (Foshan Special Medical Co., Ltd.)
10.23. Elmed Incorporated
10.24. Olympus Corporation
11. Appendix
11.1. Questionnaire
11.2. Available Customization
For more insights on global Trocars Market , download sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=4948
Contact Info:
Khushal Bombe
Email: sales@meticulousresearch.com
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
+91 744-7780008 (Asia-Pacific)
Related Links
Trocars Market - Global Opportunity Analysis and Industry Forecast (2019 - 2024)
Trocars Market will be worth $968.5 million by 2024
Press Release Service by Newswire.com
Original Source: Trocars Market to Be Worth $968.5 Million by 2024- Exclusive Report by Meticulous Research®
