Overview and Scope
Trocars are sharp-pointed surgical devices that puncture a bodily cavity and offer intra-abdominal access when used with a cannula. It is a type of instrument used in surgeries to insert various surgical implements into blood vessels and to allow the escape of gas and fluid from body organs.
Sizing and Forecast
The trocars market size has grown rapidly in recent years. It will grow from <b>$0.79 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. </b> The growth in the historic period can be attributed to minimally invasive surgery adoption, rising surgical volumes, safety and infection control, aging population, regulatory compliance..
The trocars market size is expected to see rapid growth in the next few years. It will grow to <b>$1.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. </b> The growth in the forecast period can be attributed to single-incision surgery, robot-assisted surgery, disposable trocars, patient-centered care, healthcare quality metrics. Major trends in the forecast period include robotic-assisted surgery, enhanced visualization, miniaturization of trocars, emerging materials, specialized trocars.
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Segmentation & Regional Insights
The trocars market covered in this report is segmented –
1) By Product: Disposable Trocars, Reposable Trocars, Reusable Trocars, Accessories
2) By Tip: Bladeless Trocars, Optical Trocars, Bladed Trocars, Blunt Trocars
3) By Application: General Surgery, Gynaecological Surgery, Urological Surgery, Bariatric Surgery, Other Applications
<b>North America</b> was the largest region in the trocars market in 2023. <b>Europe</b> was the second-largest region the in trocars market. The regions covered in the trocars market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in ageing population is expected to increase the prevalence of age-related ailments thus contributing to the growth of the trocars market over coming years. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. Several routine surgical procedures are being gradually replaced by laparoscopic techniques in the older population. During laparoscopic surgery, trocars are inserted through the abdomen to cause minimal invasion to the patient. For instance, according to a World Health Organization factsheet issued in October 2021, 1.4 billion people over the age of 60 will live on the planet by 2030, up from 1 billion in 2020. Therefore, the increasing aging population drives the growth of the trocars market.
Key Industry Players
Major companies operating in the trocars market include <b> Johnson & Johnson, B. Braun Melsungen AG, Medtronic plc, Teleflex Incorporated, CooperSurgical Inc., CONMED Corporation, Applied Medical Resources Corporation, LaproSurge Ltd., Purple Surgical Manufacturing Ltd., Unimax Medical Systems Inc., Olympus Corporation, Medline Industries Inc., Stryker Corporation, Grena Ltd., Becton, Dickinson and Company, Maxer Endoscopy GmbH, Microline Surgical Inc., EndoMed Systems GmbH, Seemann Technologies GmbH, Ackermann Instrumente GmbH, Silex Medical LLC, Mediflex Surgical Products, SurgiQuest Inc., MedGyn Products Inc., Reda Instrumente GmbH, Taut Inc., Edwards Lifesciences Corporation, Smiths Medical International Ltd., Terumo Corporation, Intuitive Surgical Inc., ResMed Inc., Hill-Rom Holdings Inc., Varian Medical Systems Inc. </b>
The trocars market report table of contents includes:
1. Executive Summary
2.Trocars Market Characteristics
3.Trocars Market Trends And Strategies
4. Trocars market analysis
5.Trocars Market Size And Growth
6.Trocars Segmentation
7.Trocars Regional And Country Analysis
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27.Trocars Competitive Landscape And Company Profiles
28.Trocars Key Mergers And Acquisitions
29.Trocars Future Outlook and Potential Analysis
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