Disposable Endoscopic Trocar Industry Report, 2017 – Production, Revenue, Price, Market Share and Growth Rate: Radiant Insights

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Radiant Insights, Inc has announced the addition of the “Global Disposable Endoscopic Trocar Industry 2017 Market Research Report” report to their offering.

According to a report available on Radiant Insights, Inc.; the worldwide disposable endoscopic trocar market is anticipated to attain high revenue by 2022. It is projected to exhibit a significant CAGR during the forecast period (from 2012 to 2022). Demand for laparoscopic surgeries is anticipated to be a huge factor influencing market growth. Rising need to prevent infections during minimally Invasive Surgeries (MIS) is projected to drive market demand.

Endoscopic trocars are the medical instruments used as a medium to insert other instruments during laparoscopic surgery. Other applications include embalming and veterinary surgery. Disposable trocars are preferred over reusable trocars on account of low sterilization procedures and their ability to prevent infections of diseases. Technological Advancements as well as their potential application in MIS can drive market over the forecast period.

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Innovations to lower the prices of existing products are anticipated to further support the market for disposable endoscopic trocar. The implementation of 3D laparoscopy has been integrated to provide further depth to surgeons. In 2013, Olympus Surgical Technologies launched the Endoeye Flex 3D Videoscope for this prime purpose. Bellluscura LLC launched Passport, a unique trocar compatible with its robotic surgical assistance systems, Da Vinci S and Si, in 2017. Its proprietary SmartTip technology controls the blade to prevent any injuries inside the patient’s body. 

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The global endoscopic trocar market is segmented on the basis of product, end-user, and region. By product, the market is divided into 5 mm, 8 mm, 10 mm, 12 mm, and 15 mm. All the instruments have applications based on the depth of penetration. For instance, recently, Applied Medical launched a 5 mm blunt tip system, Kii Balloon Tip System. It can minimize the defect size and can be used for prolonged period during surgeries. Fengh Medical recently launched an endoscopic linear cutter and stapler which is compatible with 12 mm trocars.

Major market end-users are laparoscopic surgery and others. ‘Others’ includes urology, gynecology, and general surgery. Laparoscopic surgery is anticipated to be the biggest end-user throughout the forecast period due to the demand from bariatric surgeries. Robot-assisted surgery has been gaining prominence, majorly in urological and gynecological surgeries.

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Geographically, the disposable endoscopic trocar market is split into India, China, Japan, Southeast Asia, North America, and Europe. North America is expected to gain a high market share during the forecast period. Steady rise in bariatric procedures like the sleeve gastrectomy surgery can further impel the regional market. Prevalence of obesity in the United States (U.S.) can further drive the regional market growth. China and India are projected to register a high CAGR due to a large patient pool and untapped growth potential. Europe is anticipated to exhibit a steady growth rate similar to North America due to adoption of latest devices.

Some of the key market players are B. Braun Medical Inc.; Medtronic PLC; KARL STORZ Endoscopy America Inc.; Ackermann Instrumente GmbH; and Olympus Surgical Technologies Europe. The market is highly competitive with innovations and novel product launches taking place on an annual basis. Medtronic is one of the leaders in the market, but Applied Medical is gaining by providing these devices at ergonomic prices.

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About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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