Reusable Trocar Market - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC2474

A trocar is a medical device that is made up of an awl and is used with a cannula to puncture a body cavity and to provide intra-abdominal access.

Market Dynamics

Gradual increase in number of patients suffering from chronic urological disorder across the globe, rapid technological advancements in medical devices and availability of favorable reimbursement policies by the government are major factors expected to drive the growth of global reusable trocar market. There is substantial increase in number of inpatients in hospital suffering from various urological disorders. Over 15 million people in the United States suffer from urinary incontinence. Availability of advanced surgical procedures and insurance policies from the government is resulting in consumer’s inclination towards laparoscopy this is increasing demand for reusable trocars. Government of developing countries is spending high on the development of present healthcare infrastructure in order to facilitate the R&D activities and easy adoption of advanced devices. Manufacturers are investing high for product development their approach towards introduction of new products in order to attract new customers is expected to impact the growth of reusable trocar market.

Major players focus on business expansion through strategic partnerships and agreements which is also expected to help the company to enhance the customer base this is expected to augment the growth of reusable trocar market.

In 2020, Aesculap, Inc. a global sterile processing and operating room solution provider partnered with Ascendco Health with the focus to deliver unparalleled solution for modernizing surgical operations. This partnership is expected to help the company to enhance the business presence.

In 2017, Genicon, Inc. a global provider of surgical instruments partnered with Greenpine Pharma. The partnership was a distribution agreement with the focus to distribute company products in China. This helped the company to increase the business presence in China and increase the customer base.

Increasing healthcare expenditure and flourishing medical tourism in emergence economies such as Malaysia and Singapore is expected to increase demand for reusable trocar. In addition, major players approach towards tracking the untapped market in emerging economies this is anticipated to boost the growth of global reusable trocar market. Factors such as high cost of devices and increase in number of cases of product failure/recall are expected to hamper the growth of global reusable trocar market. In addition, stringent government regulations related to product approval is expected to challenge the growth of target market. However, factors such as increasing awareness among consumers related to advanced products and high investment by major players for product development are expected to create new opportunities for players operating in the reusable trocar market. In addition, increasing partnership and agreements between regional and international players is expected to support the revenue transaction of reusable trocar market.

Segment Analysis By Region

The market in North America is expected to account for major revenue share in the global reusable trocar market due to rise in number of patients opting for laparoscopy. In addition, availability of advanced healthcare infrastructure for adoption of advanced devices and favorable insurance policies is expected to impact the revenue growth of regional market.
Presence of large number of players operating in the country and focus on new product launches. Along with increasing merger & acquisition activities by major players are factors responsible to augment the reusable trocar market growth.
The market in Asia Pacific is expected to witness faster growth in the target market due to high government spending on development of healthcare sector. Favorable government business policies and emergence of small & mid-size enterprises with innovative solution are factors expected to boost the growth of regional market.

Competitive Landscape

The global reusable trocar market is highly competitive due to the presence of a large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market

Global Reusable Trocar Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Tips, Application, End Use and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis


Reusable Trocar Market Segment Analysis, 2019

The global reusable trocar market is segmented into tips, application, and end use. The tips segment is bifurcated into bladeless trocars, optical trocars, blunt trocars, and bladed trocars. Among tips the optical trocars segment is expected to witness faster growth in the reusable trocar market due to rapid technological advancement. The end use segment is divided into hospitals and other. Among the end use hospital segment is expected to account for major revenue share in the target market due to high government spending on development of hospital infrastructure in order to deliver better and advanced care to patients. The players profiled in the report are CONMED Corporation; The Cooper Companies Inc.; Teleflex Incorporated, GENICON, INC; Medtronic; B. Braun Medical Inc.; Johnson & Johnson.

Market Segmentation

Market By Tips

Bladeless Trocars
Optical Trocars
Blunt Trocars
Bladed Trocars

Market By Application

General Surgery
Gynecological Surgery
Urological Surgery
Pediatric Surgery
Other

Market By End Use

Hospitals
Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa


Frequently Asked Questions

Gradual increase in number of patients suffering from chronic urological disorder across the globe, rapid technological advancements in medical devices and availability of favorable reimbursement policies by the government are major factors expected to drive the growth of global reusable trocar market.

In tips the optical trocars segment is growing at faster pace.

In the global market the Asia Pacific region is expected to grow faster.

Some of the players considered in the report scope are CONMED Corporation; The Cooper Companies Inc.; Teleflex Incorporated, GENICON, INC; and Medtronic.

The North America is expected to account for major revenue share in the global market.

In end use the hospitals segment is growing at faster pace.

Factors such as high cost of devices and increase in number of cases of product failure/recall are expected to hamper the growth of global reusable trocar market.

Cart Summary


60