According to Data Bridge Market Research new Market report, global trocars market will account to an estimated USD 540.45 million in 2018 growing at a CAGR of 7.5% during the forecast period of 2019 to 2026.
The Global Trocars Market report contains basic, secondary and advanced information pertaining to the Trocars Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2019 – 2026. The statistics are represented in graphical format for a clear understanding on facts and figures. The readers will find this report very helpful in understanding the Global Trocars Market in depth. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Key Market Competitors: Global Trocars Market
Few of the major competitors currently working in the trocars market are Johnson & Johnson, Medtronic, Ethicon USA LLC., B. Braun Melsungen AG, Applied Medical Resources Corporation, The Cooper Companies Inc., Teleflex Incorporated, CONMED Corporation, LaproSurge, Purple Surgical, GENICON, Bharat Surgical Co., ELMED Incorporated, Poly Medicure Limited, Jay Shakti Industries, Mortech Manufacturing Company Inc., NovaProbe Inc., Unimicro Medical Systems Co., Ltd., Unimax Medical Systems Inc. and Surkon Medical Co. Ltd.
Key Developments in the Market:
- In 2018, B. Braun., Melsungen AG Company expanded its administration and production facilities by opening 5 new centers in Panang in order to cater the end users in Malaysia.
- In April, 2018, GENICON expanded its distribution facilities in China by signing an agreement with Greenpine Pharma.
Global Trocars Market
Trocar is a surgical instrument or a medical device that is used as a joining device for scissors, staplers, etc. in surgical procedures. It usually involves three-sided instrument attached to its body and an open tube like structure for the disposal and excrement of gas and fluids. Traditionally, it was used to relieve the pressure built-up in the human body, but with modern times it has been used in laparoscopic procedures, and with it the structure of it has also changed.
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Segmentation: Global Trocars Market
- By Product
- Disposable Trocars
- Reposable Trocars
- Reusable Trocars
- By Tip
- Bladeless Trocars
- Optical Trocars
- Blunt Trocars
- Bladed Trocars
- By Application
- General Surgery
- Gynaecological Surgery
- Urological Surgery
- Pediatric Surgery
- Other Surgeries
- By End User
- Other End Users
- By Geography
- North America
- South America
- Middle East and Africa
FACTORS DRIVING GROWTH IN TROCARS MARKET
Rising Geriatric Population
According to United Nations Department of Economic and Social Affairs/Population Division; in 2017, estimated population of people with age 60 or above was 962 million, which means around 13 per cent of the population. This age bracket or group is growing at a rate of 3 per cent every year. Presently, Europe is leading the other regions in terms of population consisting of this age group. This brisk speed of ageing is expected to carry on in other regions as well, which projects that by the end of 2050 excluding Africa all regions of the world would have more than a quarter share of their total population at an age of 60 years and above. The population of this age group is projected to reach around 1.40 billion in 2030 and 2.10 billion in 2050, and could ultimately rise up to 3.10 billion in 2100.
This rising levels of age of population, is expected to be one of the major factors for the growth of trocars globally, as they are used as a joiner for scissors, staplers in various surgical procedures.
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