(I-BusinessNews.Com, January 15, 2020 ) Trocars market has shown strong growth pattern in recent yearÂs majorly due to increasing adoption of minimally invasive surgical procedures, increasing aging population and thereby rising prevalence of chronic diseases, growing obesity ratio and rising adoption of laparoscopic bariatric procedures, and technological advancements in the field of laparoscopy.
Meticulous ResearchÂ® in its latest publication on trocars market states that the global trocars market will increase at a CAGR of 6.8% from 2019 to 2024 to reach USD 968.5 million by 2024. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to presence of remarkably advanced healthcare industry with higher healthcare spending, higher adoption of innovative technologies and MIS surgical procedures; increasing prevalence & incidence of many chronic diseases with expanding proportion of elderly population; and presence of leading players in the market in this region.
The report provides meticulous analysis of global trocars market by segmenting it on the basis of product type, (disposable trocars, reusable trocars, and reposable trocars), type of tip (bladeless trocar, blunt trocar, bladed Trocar, and optical trocar), application, (general surgery, gynaecological surgery, urological surgery, bariatric surgery, and others), and end user (hospitals, and home care). Wherein, among product types, carmine segment commanded the largest share in this market. The largest share of this segment is primarily attributed to their easy and comfortable handling that enables surgeons to ensure safety at lower per piece cost.
TOP 10 TROCARS COMPANIES | TROCARS MARKET https://meticulousblog.org/top-10-trocars-companies/
The key players analyzed in the global trocars market are Ethicon Inc. (J&J), Medtronic PLC, Applied Medical Resources Corporation, Aesculap, Inc. (B. Braun Melsungen AG), Genicon Inc., Xion GmbH, LaproSurge Ltd., Peters Surgical, Teleflex Incorporated, Conmed Corporation, Purple Surgical, The Cooper Companies, Inc., Alesi Surgical Limited, Victor Medical, MetroMed Healthcare, Seemann Technologies, Sejong Medical Co., Ltd., Sferamed, Ackermann Instrumente GmbH, Guangzhou T.K Medical Instrument Co., Ltd., Hangzhou Optcla Medical Instrument Co., Ltd. (Mindray Company), Specath (Foshan Special Medical Co., Ltd.), Elmed Incorporated, and Olympus Corporation.
Topics Covered in this Research Report:
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Trocars Market, by Product Type
6. Trocar Market, by Type of Tip
7. Trocar Market, by Application
8. Trocar Market, by End Users
9. Global Trocar Market, by Geography
10. Company Profiles (Includes Business Overview, Recent Financials, Product Portfolio, and Recent Developments)
Key questions answered in the report:
Disposable trocars accounted for the largest share of the trocars market globally
What factors contribute to the frequent usage of disposable trocars over other products?
Which region is expected to experience the fastest growth in the usage of disposable trocars, reusable trocars, reposable trocars, and accessories?
How does the penetration of disposable trocars in hospitals differ from ambulatory surgical centers?
North America market favours both larger and local manufacturers that compete in multiple segments
Who are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
What strategies should new companies looking to enter in this market adopt to compete effectively?
What are the major drivers, restraints, opportunities, and challenges in the trocars market?
Who are the major players in various countries and what share of the market do they hold?
What are the geographical trends and high growth regions/ countries?
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