Expected Revenue Growth:

[108 Pages Report] The trocars market is expected to reach USD 762.3 million by 2023 from USD 502.8 million in 2017, at a CAGR of 7.2% during the forecast period. The base year for this study is 2017 and the forecast period is 2018–2023.

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What This Report Will Provide?

Top-down and bottom-up approaches were used to estimate and validate the size of the Trocars industry and to estimate the size of various other dependent submarkets.

The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by product, tip, application, and end user) through percentage splits from secondary and primary research.

Major Growth Boosters:

The increasing incidence of targeted conditions for laparoscopic surgery is a significant factor in expanding the market growth as the popularity of minimally invasive surgery increases and the applicability of trocars in laparoscopic surgery increases. The increasing number of chronic diseases such as gynecological and urological diseases and the growing geriatric population are major factors driving the trocar market.

Regional Growth Analysis:

The market is dominated by North America, followed by Europe, Asia Pacific. North America will continue to dominate the market during the forecast period. The increasing incidence of various diseases such as cancer, hernia, and obesity in this region and availability of reimbursement in this region are the major factors supporting the growth of the market in North America.

Key Market Players

The major players in the trocars market include Medtronic (Ireland), Ethicon (US), B. Braun (Germany), Applied Medical (US), Cooper Companies (US), Teleflex (US), CONMED (US), LaproSurge (UK), Purple Surgical (UK), and GENICON (US).

Target Audience for this Report:

  • Manufacturers and vendors of laparoscopic instruments products
  • Distributors of laparoscopic & minimally invasive surgery products
  • Venture capitalists
  • Various research and consulting firms
  • Hospitals and ambulatory surgery centers
  • Government associations dedicated to laparoscopic and minimally invasive surgeries

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