Global Trocars Market By Type (Disposable, Reusable, Reposable), By Application (General Surgery, Urology, Pediatric), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 44167 | Published Date: May 2024 | No. of Pages: 10 | Base Year for Estimate: May 2024 | Format:
The global trocars market is an essential segment within the chemical and material industry, primarily serving the healthcare sector. Trocars are surgical instruments that consisting of a sharp pointed tip attached to a hollow tube, often with a handle for manipulation. These devices are crucial in minimally invasive surgeries (MIS) such as laparoscopic procedures. The increasing adoption of MIS due to their benefits like reduced post-operative pain, shorter hospital stays, and quicker recovery times is driving the demand for trocars.
The Trocars market was valued at USD 708.2 million in 2023 and is USD 1.2 billion by 2031, growing at a CAGR of 6.4%. The COVID-19 pandemic had a big effect on the market and a large number of elective surgeries were cancelled or postponed to reduce the spread of the coronavirus. As a result, the industry's need for trocars declined which had somewhat impacted the global trocars market.
Premium Insights:
The shift towards minimally invasive surgical techniques is a significant driver, as these procedures necessitate the use of specialised instruments like trocars.
Innovations in trocar design, such as bladeless and optical trocars, enhance safety and efficiency during surgical procedures, reducing the risk of complications.
Global Trocars Market Dynamics:
Drivers: Rising MIS procedures, emphasis on cost-effective and value-based care and growing geriatric population
The increasing adoption of minimally invasive surgical techniques across various specialities is a major driver. Trocars are essential instruments for accessing the body cavity during laparoscopic and robotic surgeries, offering numerous advantages over traditional open surgery methods.
Hospitals and healthcare providers are increasingly focused on cost-effective solutions. Trocar manufacturers are developing disposable or single-use trocars that offer a balance between cost and functionality, catering to this trend.
The global population is ageing, leading to a higher prevalence of chronic conditions requiring surgical intervention. As minimally invasive procedures are often preferred for elderly patients due to faster recovery times and reduced complications, the demand for trocars is likely to rise.
Restraints: Expensive advanced trocars, Reimbursement Challenges and Stringent Regulations, Competition from Established Players and Generic Alternatives
While disposable trocars offer a cost-effective option, advanced trocars with features like self-sealing mechanisms or robotic compatibility can be expensive. This may limit their adoption in budget-constrained healthcare settings.
Reimbursement policies for laparoscopic procedures and trocars can vary by region. Stringent regulatory requirements for approval of new trocar technologies can also hinder market entry for innovative products.
The market is dominated by a few established trocar manufacturers. The emergence of generic or lower-cost alternatives may create competition and potentially put pressure on prices.
Opportunities: Emerging Markets, Development of Trocars for Specific Surgical Applications and Integration with Surgical Robotics and Digital Technologies
Developing regions with expanding healthcare infrastructure and increasing adoption of minimally invasive procedures present significant market opportunities for trocar manufacturers.
Trocar design can be tailored for specific surgical procedures, such as bariatric surgery or urology. Focusing on niche applications with specialised trocars can cater to specific surgeon needs.
The growing use of surgical robots and digital technologies in minimally invasive surgery opens doors for developing trocars that integrate seamlessly with these systems, potentially enhancing precision and efficiency.
Market By Trocars Market Type Insights:
Based on Product type the market for Trocars can be segmented into Disposable, Reusable and Reposable trocars. Among these, the disposable trocar section dominates the market due due to its cost-effectiveness and ease of use. Disposable trocars are ideal for routine laparoscopic procedures and are preferred in settings with high infection control protocols.
Based on Tip-Type the market is segmented into bladed, bladeless and optical trocars. Among these, the traditional bladed type uses a sharp blade to pierce the abdominal wall for trocar insertion. While effective, they can cause inadvertent tissue damage. Their market share is declining as surgeons increasingly opt for safer alternatives.
Market By End Use Insights:
Hospitals are the primary end-users of trocars, driven by the high volume of surgical procedures performed in these settings. The demand in this segment is fueled by the need for advanced surgical instruments to improve patient outcomes.
Market By Region Insights:
Based on regional coverage, the global trocars market is segmented into North America Asia-Pacific, Europe, and the Rest of the World. North America is expected to have the largest market share in the global trocars market in 2024. This is due to a number of factors, like, well-established healthcare infrastructure, high healthcare expenditure and presence of key market players.
Competitive Scenario:
Major players include Johnson & Johnson Services Inc., Medtronic, The Cooper Companies Inc., Conmed Corporation, Braun Melsungen AG, Teleflex Incorporated, GENICON INC.,
Applied Medical Resources Corporation and Laprosurge
Scope of Work-Global Trocars Market
Key Market Developments:
September 2022 - Teleflex Incorporated announced the launch of its comprehensive line of Weck Vista disposable trocars that offer ergonomic designs and enhanced visualisation for improved surgical outcomes
April 2021- A new EVA AVETA trocar cannula system from DORC has a more stable intra-operative IOP, a smaller working size, and an enhanced flow rate.
July 2020- A trocar with a single pack was introduced by Oertli Instrumente AG. Because of the integrated lock membrane in the trocar, BSS, air, and oil cannot escape, maintaining a stable IOP throughout the process. Strong holding power and ideal shaft length make the Caliburn trocar system even safer and more comfortable. The infusion tube has even more flexibility because of its unique snap-lock mechanism, which enables it to be moved at any time while in use.
Frequently Asked Questions (FAQs)
What are the main drivers of the trocars market?
Ans. Key drivers include rising MIS procedures, emphasis on cost-effective and value-based care and a growing geriatric population
What challenges does the trocars market face?
Ans. Challenges include expensive advanced trocars, Reimbursement Challenges and Stringent Regulations, Competition from Established Players and Generic Alternatives
Who are the key players in the trocars market?
Ans. Prominent players include Johnson & Johnson Services Inc., Medtronic, The Cooper Companies Inc., Conmed Corporation, Braun Melsungen AG, Teleflex Incorporated, GENICON INC., Applied Medical Resources Corporation and Laprosurge
What opportunities exist in the trocars market?
Ans. Opportunities include emerging Markets, Development of Trocars for Specific Surgical Applications and Integration with Surgical Robotics and Digital Technologies
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