Trocars Market Estimated to Generate a Value of US $622.673 by the End of the Forecast Period, 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 26, 2019--
The “Trocars Market - Forecasts from 2019 to 2024” report has been added to ResearchAndMarkets.com’s offering.
The global trocars market is estimated to be valued at USD 572.509 million in 2018 and is expected to register a CAGR of 1.41% to reach the value of USD 622.673 million in 2024.
Trocars are the specific cannulas that are introduced through the abdominal wall to facilitate operating for laparoscopic procedures in line with the camera while maintaining a comfortable operating position for the surgeon with triangulation of the instruments around the surgical focal point within the abdomen. The growth in the market may be attributed to the increasing prevalence of the minimally invasive procedures as they lower the risk of postoperative infections and complications, ensures quick recovery with rapid results recovery and requires a limited hospital stay. Rising incidences of diseases such as obesity, hernia, appendicitis and gynecological disorders where laparoscopic procedures are preferred treatment of choice will drive the market during the given time frame.
Advancement in technology and enhanced surgical expertise of the clinicians are also the major factors augmenting the growth of the market. For instance, radially expanding access (rea) trocar was developed to minimize tissue trauma leading to fewer vascular and visceral injuries. Rising adoption of surgical trocars due to its cost-effectiveness, user-friendliness, and safety will also boost the market growth during the forecast period. Increasing investment in the research and development and improving healthcare infrastructure will provide lucrative opportunities for the companies in the market. However, the high cost of the laparoscopic procedure might restrain the market during the forecast period.
Geographically, North America holds a significant share owing to the rising number of laparoscopic procedures in the region. Effective and favorable reimbursement policies and well-developed healthcare infrastructure coupled with the availability of skilled healthcare professionals will also augment the growth of the market in the region. Asia Pacific will also show robust growth during the given period owing to the improving healthcare infrastructure and rising health awareness regarding the minimally invasive procedures.
Major players in the global trocars market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the trocars market.
Key Topics Covered:
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.6. Base, And Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Trocars Market By Type
5.1. Optical Trocars
5.2. Bladed Trocars
5.3. Blunt Tip Trocars
5.4. Bladeless Trocars
6. Trocars Market By Application
6.1. Gynaelogical Surgeries
6.2. Urological Surgeries
6.3. Thoracic Surgery
7. Trocars Market By End-User
7.2. Ambulatory Care Settings
8. Trocars Market By Geography
8.1. North America
8.2. South America
8.4. Middle East And Africa
8.5. Asia Pacific
9. Competitive Intelligence
9.1. Competitive Benchmarking And Analysis
9.2. Recent Investments And Deals
9.3. Strategies Of Key Players
10. Company Profiles
10.3. Olympus Corporation
10.4. Ethicon Inc.
10.5. Conmed Corporation
10.6. B. Braun Melsungen Ag
10.7. Teleflex Incorporated
10.8. Adroit Manufacturing Co.
10.9. Alfa Corpuscles
10.10. Purple Surgical
10.11. Medline Industries, Inc
For more information about this report visit https://www.researchandmarkets.com/r/ndmmn9
View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005551/en/
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INDUSTRY KEYWORD: HEALTH SURGERY MEDICAL SUPPLIES MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 11/26/2019 09:35 AM/DISC: 11/26/2019 09:35 AM