Trocar Market is composed of three components, a cannula, placed in the patient in order to allow access to the abdominal cavity, a seal which is placed at the tip of the cannula and allows the instrument to pass through the cannula that helps maintain desired air pressure, and an obturator that does a function of allowing the cannula to penetrate the abdomen.
Global Trocars Market is anticipated to have held a market value of USD 578.9 million in the year 2017 and is expected to grow at a CAGR of 7.5% during the forecast period.
Some of the prominent players in the global trocars market are Johnson & Johnson Services, Inc., The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, GENICON, INC., Applied Medical Resources Corporation, Laprosurge, Purple Surgical, and Medtronic.
The Global Trocars Market has been segmented into product, tip, application, and end user.
On the basis of product, the global market has been segmented into disposable trocars, reusable trocars, reposable trocars, and accessories. The disposable trocars segment is anticipated to hold major market share to its cost-effectiveness and safety which has led to its growing adoption as compared to other trocar products.
By tip, the market has been segmented into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. On the basis of tip, the bladeless trocars segment is expected to hold largest market share owing to the advantages such as easy usage of bladeless trocars and no trauma caused to the internal body or organ.
On the basis of application, the market has been segmented into general surgery, gynecological surgery, urological surgery, laparoscopy surgery, pediatric surgery, and others.
On the basis of end user, the global trocars market has been segmented into hospitals and others.
Many companies are operating in the global trocars market. The prominent players in the market are engaged in strategic collaborations, acquisitions, regional expansion, and new product launches to strengthen their market position. For instance, in 2018, B. Braun Melsungen AG opened five new production and administration facilities in Penang, Malaysia. B. Braun Melsungen AG will manufacture medical devices for infusion therapy, pharmaceutical solutions, and surgical instruments in these facilities. Additionally, in December 2015, Johnson & Johnson Services, Inc. announced the formation of Verb Surgical Inc. in collaboration with Verily Life Sciences LLC.
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By region, the global market is segmented on the basis of Americas, Europe, Asia-Pacific (APAC), and the Middle East & Africa (MEA).
Geographically, the Americas is expected to dominate the global market owing to the presence of well-established players and growth in pharmaceutical and medical device companies. Europe is expected to hold the second largest position in the global market. Asia-Pacific is expected to be the fastest growing market owing to the increasing adoption of the technologies. Furthermore, the Middle Eastern and African region is expected to account for the least market share in the global market.
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