Focus on Improving Outcomes in Laparoscopic Surgeries Spur Sales in Trocars Market, Laparoscopy Segment to Touch ~US$ 560 Mn by 2027: TMR
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 ReportLaparoscopy was the leading application segment in trocars market in 2018 Hospitals accounted for the dominant share in the same year Based on on tip, bladeless trocars held the major market share in 2018 Of the various key product types, disposable held the major share Reusable has also been a prominently lucrative segment in trocars market Geographically, North America held the leading market share in 2018 Europe is the second leading regional segment in the trocars market
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 AvenuesGrowing demand for devices that enable the surgeons perform minimally invasive laparoscopic procedures is a key driver for the demand in the trocars market. Rise in number of laparoscopic surgeries imparts huge avenue for manufacturers to gear toward constant technological and design advancements in trocars. Growing adoption of trocars in general surgeries is a key trend boosting the expansion of the trocars market. Trocars have become a gateway for inserting minimally invasive instrumentation for surgeons. Patients also have been benefitting from the less trauma and faster recovery in procedures that involve trocars. Advances in valves technology are boosting the pace of technology advancements. The use of better valve design helps in controlling fluid leakage. Advances made in operation theatres instrumentation in the developing economies are boosting the prospects in the trocars market. Rapid pace of demand in disposable trocars in developed markets is also a key market trend. However, given the cost-effectiveness of reusable ones, they still have marked popularity in the global healthcare systems.
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Trocars Market: Regional AssessmentOn the regional front, Asia Pacific is a lucrative market. The demand for trocars is fueled by the demand for laparoscopic surgeries for corrective procedures in hospital settings. North America held the major share in the global trocars market in the historical year of 2018, pegged at ~40% share. Despite the tepid growth rate of opportunities in this regional market during 2019 – 2027, it is still is expected to account for the major revenue share by the end of the period. The presence of numerous aspiring manufacturers of trocars who are keen on innovations is boosting the prospects in the aforementioned regional market. Rise in awareness of the benefits of minimally invasive surgeries to the healthcare system, the regional market has been witnessing high uptake in the past few years. Europe is the second leading market. The presence of robust healthcare infrastructure is a key factor for the prominence of Europe market.
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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 ProductDisposable Trocars Reusable Trocars Reposable Trocars Accessories
Trocars Market by TipBladeless Trocars Optical Trocars Blunt Trocars Bladed Trocars
Trocars Market by ApplicationGeneral Surgery Gynecological Surgery Laparoscopy Urological Surgery Pediatric Surgery Others
Trocars Market by End UserHospitals Ambulatory Surgical Centers Specialty Clinics
Trocars Market by RegionNorth America U.S. CanadaEurope Germany U.K. France Italy Spain Croatia Greece Nordic Rest of EuropeAsia Pacific China India Japan ASEAN ANZ Rest of Asia PacificMiddle East & Africa GCC South Africa Rest of Middle East & AfricaLatin America Brazil Mexico Rest of Latin America
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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