The Trocars Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Trocars Global Market Report 2024, The trocars market size has grown rapidly in recent years. It will grow from $0.79 billion in 2023 to $0.88 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to minimally invasive surgery adoption, rising surgical volumes, safety and infection control, aging population, regulatory compliance..
The trocars market size is expected to see rapid growth in the next few years. It will grow to $1.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to single-incision surgery, robot-assisted surgery, disposable trocars, patient-centered care, healthcare quality metrics. Major trends in the forecast period include robotic-assisted surgery, enhanced visualization, miniaturization of trocars, emerging materials, specialized trocars.
The increase in ageing population is expected to increase the prevalence of age-related ailments thus contributing to the growth of the trocars market over coming years. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. Several routine surgical procedures are being gradually replaced by laparoscopic techniques in the older population. During laparoscopic surgery, trocars are inserted through the abdomen to cause minimal invasion to the patient. For instance, according to a World Health Organization factsheet issued in October 2021, 1.4 billion people over the age of 60 will live on the planet by 2030, up from 1 billion in 2020. Therefore, the increasing aging population drives the growth of the trocars market.
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The trocars market covered in this report is segmented –
1) By Product: Disposable Trocars, Reposable Trocars, Reusable Trocars, Accessories
2) By Tip: Bladeless Trocars, Optical Trocars, Bladed Trocars, Blunt Trocars
3) By Application: General Surgery, Gynaecological Surgery, Urological Surgery, Bariatric Surgery, Other Applications
The growing technological advancements are shaping the trocars market. The companies in the market are increasingly investing in improving the technology of trocars, which reduces the scope of error and makes the procedure better. For instance, in March 2022, Dutch Ophthalmic Research Center (DORC), a Netherlands-based manufacturer of automated interferometers and inspection equipment, launched EVA NEXUS. With the introduction of EVA NEXUS, numerous advancements in surgical effectiveness and efficiency are made, including SmartIOP, which integrates with the current EquiPhaco technology for improved control in cataract surgery. It includes a revolutionary trocar cannula system called EVA AVETA. It includes a chamfered cannula for easier insertion, a laser-etched shaft for scleral retention, a push-fit connection, and a Hi-Flow infusion connection.
The trocars market report table of contents includes:
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