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The trocars market share is expected to increase by USD 264.1 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.48%.
This trocars market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers trocars market segmentations by product (cutting trocars and dilating trocars) and geography (North America, Europe, Asia, and Rest of World (ROW)). The trocars market report also offers information on several market vendors, including Ackermann Instrumente GmbH, B Braun Melsungen AG, BNR Co.Ltd., Changzhou Ankang Medical Instrument Co.Ltd., Conmed Corp., Eberle GmbH and Co. KG, GENICON Inc., Johnson and Johnson, LaproSurge Ltd., LocaMed Ltd., Medtronic Plc, Novatech, Peters Surgical, Purple Surgical, Seemann Technologies GmbH, SURKON MEDICAL, The Cooper Companies Inc., UNIMAX MEDICAL SYSTEMS Inc., Victor Medical Instruments Co.Ltd., and XION GmbH among others.
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The rising volume of laparoscopic procedures is notably driving the trocars market growth, although factors such as complications associated with trocars may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the trocars industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Trocars Market Driver
The rising volume of laparoscopic procedures is one of the key drivers supporting the trocars market growth. The rising demand for laparoscopy has increased the demand for various diagnostic and therapeutic procedures such as appendectomy, bowel resection, cholecystectomy, hernia repair, and other related procedures. On average, over 7.5 million laparoscopic procedures are performed annually worldwide. Further, the volume of laparoscopic procedures is high in the US, followed by Europe and Japan, owing to high awareness about the benefits of laparoscopy and the easy availability of skilled surgeons who can perform them. Thus, the growing volume of laparoscopic procedures will contribute to the growth of the global trocars market during the forecast period.
Key Trocars Market Trend
The emergence of balloon BTT is one of the key trocars market trends that is contributing to the market growth. Various complications associated with laparoscopy have created the need for technological advances in terms of the design and material used for manufacturing trocars. Complications associated with laparoscopy cholecystectomy when accessing the peritoneal cavity may damage with the use of another available type of trocars. Therefore, vendors conduct R&D to provide better clinical outcomes. Many pure players and key manufacturers offer balloon BTT, which facilitates the entire laparoscopic procedure smoothly and avoids possible complications. Thus, such rapid innovation in balloon BTT will drive its demand globally during the forecast period. Such increasing demand is propelling the trocars market growth.
Key Trocars Market Challenge
Complications associated with trocars is one of the factors hindering the trocars market growth. The accurate insertion of trocars is crucial as it is associated with multiple risks and injuries, especially to intra-abdominal viscera and both intra and retroperitoneal vessels. Injuries in the bowels and vasculature often occur during the insertion of trocars. In most cases, injuries cannot be diagnosed at the initial stage. This delay in diagnosis becomes fatal and sometimes leads to the death of patients. Despite technological advances, several cases of injuries and deaths are reported every year due to the incorrect insertion of trocars. Apart from these, several life-threatening complications such as wound infection and incisional hernia are also reported. These complications may hinder the trocars market growth during the forecast period.
This trocars market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global trocars market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the trocars market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the trocars market encompasses successful business strategies deployed by the key vendors. The trocars market is fragmented and the vendors are deploying growth strategies such as adopting advanced technologies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The trocars market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the trocars market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the trocars market in North America. Market growth in this region will be slower than the growth of the market in Asia.
The constant rise in the number of laparoscopic procedures and the growing demand for disposable trocars will facilitate the trocars market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 impacted the demand for trocars negatively. However, the US government has not imposed any lockdown, which will lead to the continuation of the manufacturing of trocars during the forecast period and thereby driving the market growth.
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The trocars market share growth by the cutting trocars segment will be significant during the forecast period. The global cutting trocars market is expected to grow steadily during the forecast period owing to the growing number of laparoscopic procedures worldwide, the introduction of lancet features in bladed trocars, and the launch of transconjunctival 23 and 25-gauge trocar systems with a self-sealing option. Vendors are upgrading their existing cutting trocars with features like reduced penetrating force while making changes in design and edge. Thus, they have introduced lancet-bladed trocars that have low piercing and cutting force, symmetrical wound architecture, and linear wound apposition. These strategies will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the trocars market size and actionable market insights on post COVID-19 impact on each segment.
Trocars Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.48% |
Market growth 2022-2026 |
$ 264.1 million |
Market structure |
Fragmented |
YoY growth (%) |
5.29 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Canada, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ackermann Instrumente GmbH, B Braun Melsungen AG, BNR Co.Ltd., Changzhou Ankang Medical Instrument Co.Ltd., Conmed Corp., Eberle GmbH and Co. KG, GENICON Inc., Johnson and Johnson, LaproSurge Ltd., LocaMed Ltd., Medtronic Plc, Novatech, Peters Surgical, Purple Surgical, Seemann Technologies GmbH, SURKON MEDICAL, The Cooper Companies Inc., UNIMAX MEDICAL SYSTEMS Inc., Victor Medical Instruments Co.Ltd., and XION GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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