Wilmington, Delaware, United States: According to Transparency Market Research’s latest market report on the trocars market for the historical period of 2017–2018 and forecast period of 2019–2027, rise in the demand for minimally-invasive surgeries is anticipated to drive the global trocars market.
Wilmington, Delaware, United States: According to Transparency Market Research’s latest market report on the trocars market for the historical period of 2017–2018 and forecast period of 2019–2027, rise in the demand for minimally-invasive surgeries is anticipated to drive the global trocars market.
According to the report, the global trocars market was valued at ~US$ 1.3 Bn in 2018 and is expected to expand at a CAGR of ~4% from 2019 to 2027.
Rise in Demand of Minimally-invasive Surgeries: A Key Driver
- A minimally-invasive surgery does not need as large of a dose of pain relievers because the incision during the surgery is much smaller. The procedure involves minimizing surgical incisions to reduce trauma to the body. This type of surgery is usually performed using thin needles and an endoscope to visually guide the surgery.
- Minimally-invasive surgeries (MIS) has experienced a surge in popularity over the past few decades, owing to rapid technological advancements and growing consensus in the clinical community. According to a report on laparoscopic devices, 7.5 million laparoscopies were performed around the world in 2015.
- The market for this procedure is growing due to new findings and advancements in minimally-invasive surgeries.
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Global Trocars Market: Development
- Rise in the demand of minimally-invasive surgeries, increase in the incidence of target conditions for laparoscopic surgery, and rise in the geriatric population are the main factors that are anticipated to boost the growth of the global trocars market.
- Fluid in the abdomen gets deposited on the camera lens, trocar, and trocar valve, and obscures the view. When removed, both need to be cleaned. Currently, surgeons use cotton-tipped applicators or a 4X4 gauze on an instrument. Trocar Sweep was developed by an advanced laparoscopic surgeon. After pulling out the lens to clean the trocar, the surgeon uses the Trocar Sweep to quickly clean it. It reduces operating time and decreases time without visualization.
Product Failure and Recalls Hamper Global Trocars Market
- Manufacturers can experience stop signals from product recalls for many years after the event. Many test their products to determine how they might fail in the future. This proactive approach helps manufacturers refine their processes and ensures that labels and assembly directions are clear.
- For instance, Class 2 Device AppleHunt Secondary Cannula/Pyramidal Tip Trocar of CooperSurgical, Inc. was put on recall on March 12, 2018. The reason for the recall was that, the products were packaged with the wrong trocar length type.
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Global Trocars Market: Stringent Government Rules and Regulations
- Product recalls due to inadequate documentation and incorrect packaging hamper the sales of laparoscopic products. Product recalls affect product sales, and consumers are likely to switch to other brands.
Global Trocars Market: Competition Landscape
This report profiles the major players in the global trocars market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments.
The trocars market is moderately fragmented, with the presence of a few large-scale players present in international markets, and numerous small-scale players in regional markets. The top four to five players hold a majority share of the global trocars market.
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Prominent players operating in the global trocars market include
- J&J (Ethicon US, LLC.)
- B. Braun Melsungen AG
- Medtronic
- Teleflex Incorporated
- CooperSurgical Inc.
- CONMED Corporation
- Applied Medical Resources Corporation
- LaproSurge
- Purple Surgical
- Unimax medical systems Inc.
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