Trocars Market To Reach $2.32 Billion By 2030 | CAGR: 7.10%

Trocars Market Growth & Trends

The global trocars market size is estimated to reach USD 2.32 billion by 2030, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.10% from 2024 to 2030. Rising geriatric population, increasing reliance on laparoscopic surgeries, and favorable reimbursement policies in developed countries are some of the primary growth stimulants for the market.

Favorable reimbursement policies by governments and key players for surgical devices and instruments are projected to boost the growth of the market over the forecast period. Key players are providing favorable reimbursement policies in order to promote minimally invasive surgeries, laparoscopic surgeries, and bariatric surgeries. For instance, Ethicon (subsidiary of Johnson & Johnson) conducts Reimbursement Support Program to help healthcare providers with reimbursement related to laparoscopic surgeries and minimally invasive surgeries. These initiatives are most likely to help healthcare providers to take up these procedures instead of traditional ones. Thus, these factors are likely to drive the market over the forecast period.

In addition, the volume of surgeries has increased manifolds due to increasing geriatric population worldwide. Geriatric population are prone to various diseases, which require various surgical interventions for treatment. According to estimates published by WHO, the global elderly population is likely to increase from 841.0 million in 2014 to more than 2.0 billion by 2050.

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Trocars Market Report Highlights

• Based on product type, the disposable trocars segment led the market with largest revenue share of 63.90% in 2023. The dominance can be attributed to its growing importance in laparoscopic surgery and diagnostic laparoscopy.

• Based on tip, the bladeless trocars segment held the market with largest revenue share in 2023. In upcoming years, bladeless trocars are possibly going to be the most well-known market category.

• North America market dominated the market with a revenue share of a 31.52% in 2023. In North America, the market is being further enhanced by rising preference for laparoscopic procedures over open procedures and increased competition among major players in terms of new product development.
  

Trocars Market Segmentation                    

Grand View Research has segmented the global trocars market on the basis of product type, tip, application, and region

Trocars Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Disposable Trocars

• Reusable Trocars

Trocars Tip Outlook (Revenue, USD Million, 2018 - 2030)

• Bladeless Trocars

• Optical Trocars

• Blunt Trocars

• Bladed Trocars

Trocars Application Outlook (Revenue, USD Million, 2018 - 2030)

• General Surgery

• Gynecological Surgery

• Urological Surgery

• Pediatric Surgery

• Other Surgeries

Trocars Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Trocars Market

• CONMED Corporation

• The Cooper Companies Inc.

• Teleflex Incorporated

• GENICON, INC.

• Medtronic plc

• B. Braun Medical Inc.

• Johnson & Johnson Service Inc.

• Purple Surgical

• Applied Medical Resources Corporation

• LaproSurge