Global Trocar Market Report 2021: Growth and Change Linked to COVID-19
The major players in the trocar market are Johnson & Johnson Medical Devices, B. Braun Melsungen AG, Medtronic, Teleflex Incorporated, CooperSurgical Inc., CONMED Corporation, Applied Medical Resources Corporation, LaproSurge, Purple Surgical, Unimax medical systems Inc and Olympus Corporation.
New York, September 24, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Trocars Global Market Report 2021: COVID-19 Growth And Change” – https://www.reportlinker.com/p06152587/? Utm_source = GNW
The global trocar market is expected to grow from $ 642.8 million in 2020 to $ 686.7 million in 2021 at a compound annual growth rate (CAGR) of 6.8%. The growth is mainly driven by companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 949.8 million in 2025 at a CAGR of 8.4%.
The trocar market consists of the sales of trocars by the entities (organizations, sole proprietorships and partnerships) that manufacture trocars. A trocar is a medical or veterinary device made up of a punch, a cannula and a seal.
Trocars are sharp surgical devices that perforate a body cavity and provide intra-abdominal access when used with a cannula. It is a type of instrument used in surgery to insert various surgical instruments into the blood vessels and to allow the escape of gases and fluids from the organs of the body.
The main types of products contained in trocars are disposable trocars, reusable trocars, reusable trocars and accessories. Disposable trocars can only be used once, disposable, and then discarded.
Disposable trocars typically have valve designs that allow instrumentation to pass easily and safety mechanisms that minimize the likelihood of visceral injury from the tip of the trocar. The different types of tips include bladeless trocars, optical trocars, blade trocars, blunt trocars and are used in general surgery, gynecologic surgery, urologic surgery, bariatric surgery, etc.
North America was the largest region in the trocar market in 2020. Europe was the second largest region in the trocar market.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East & Africa.
Growing technological advancements are shaping the trocar market. Companies in the market are investing more and more in improving trocar technology, which reduces the scope of errors and improves the procedure.
For example, in March 2019, Fujifilm, a Japanese provider of minimally invasive surgical solutions, launched the Fujifilm InterLock trocar based on Chip-on-Tip technology. The Fujifilm InterLock Trocar is a new tandem motion visualization device that allows a surgeon to simultaneously manipulate a laparoscope and hand instrument with one hand.
In March 2021, Vernacare, a UK-based manufacturer of hygiene and infection control products, acquired Robinson Healthcare for an undisclosed amount. The acquisition continues Vernacare’s buy and build strategy and brings the group’s revenue to $ 167.5 million (£ 120 million) per year. Robinson Healthcare is a UK-based company that manufactures single-use surgical instruments such as trocars, injection-molded sterile single-use devices and steel-polymer composite devices.
The increasing aging of the population is expected to increase the prevalence of age-related conditions, thereby contributing to the growth of the trocar market in the coming years. The elderly population is increasing rapidly around the world and is expected to continue during the forecast period.
Several routine surgical procedures are gradually being replaced by laparoscopic techniques in the older population. During laparoscopic surgery, trocars are inserted into the abdomen to cause minimal invasion in a patient.
According to the World Population Aging Report, in 2019, the global population of people aged 65 and over was 703 million, and the number of people aged 65 and over is expected to double to 1.5 billion by 2050. Hence, the increasing aging of the population is driving the growth of the trocar market.
Countries Covered in the Trocars Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom United and the United States.
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