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.
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.
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Trocars
Market Report Highlights
- The global
disposable trocars market is expected to dominate the market in 2017.
Disposable trocars deliver high quality medical output and the chance of
post-operative infection is low.
- Optical
trocars are anticipated to be the fastest growing segment with a CAGR of
over 4.5% owing to increasing demand for technologically advanced devices
for surgeries
- Gynaecological
surgery represented the largest share in 2017, with a valuation of USD
174.64 million, owing to increasing prevalence of gynaecological disorders
across the globe.
- North
America dominated the market in 2017 and accounted for approximately half
of market revenue. Rising number of surgeries, advancements in healthcare
infrastructure, and increasing demand for technologically advanced
surgical procedures are contributing to the growth of the region
- Asia Pacific
is poised to witness the highest growth in the market due to high
population, rising geriatric population, and expanding base of patients
with unmet needs
- Some of the
key companies present in the market are CONMED Corporation; The Cooper
Companies Inc.; Teleflex Incorporated; GENICON, Inc.; Medtronic; B.Braun
Medical Inc.; and Johnson & Johnson.
Related Press
Release@ Trocars
Market Report
Trocars Market Segmentation
Grand
View Research has segmented the global trocars market on the basis of product,
tip, application, and region:
Trocars Product Outlook (Revenue, USD Million, 2014 -
2026)
- Disposable
Trocars
- Reusable
Trocars
Trocars Tip Outlook (Revenue, USD Million, 2014 - 2026)
- Bladeless
Trocars
- Optical
Trocars
- Blunt
Trocars
- Bladed
Trocars
Trocars Application Outlook (Revenue, USD Million, 2014 -
2026)
- General
Surgery
- Gynecological
Surgery
- Urological
Surgery
- Pediatric
Surgery
- Other
Surgeries
Trocars Regional Outlook (Revenue, USD Million, 2014 -
2026)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
- Saudi
Arabia
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