Trocar Devices - Global Markets to 2023: Projected to Grow at a CAGR of 5.81% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Global Trocar Devices Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global trocar devices market is estimated to register a CAGR of 5.81% over the forecast period of 2017-2023.
The growth in the market may be attributed to the increasing prevalence of minimally invasive procedures as they lower the risk of postoperative infections and complications, ensures quick recovery with rapid results and requires limited hospital stay.
Rising incidences of diseases such as obesity, hernia, appendicitis and gynaecological disorders where laparoscopic procedures are preferred treatment of choice will drive the market during the given time frame.
Advancement in technology and enhanced surgical expertise of the clinicians are also the major factors augmenting the growth of the market. For instance, radially expanding access (REA) trocar was developed to minimize tissue trauma leading to fewer vascular and visceral injuries.
Rising adoption of surgical trocars due to its cost effectiveness, user-friendliness and safety will also boost the market growth during the forecast period.
Increasing investment in the research and development and improving healthcare infrastructure will provide lucrative opportunities for the companies in the market. However, high cost of the laparoscopic procedure might restrain the market during the forecast period.
Geographically, North America holds the significant share owing to the rising number of the laparoscopic procedures in the region. Effective and favourable reimbursement policies and well developed healthcare infrastructure coupled with the availability of skilled healthcare professionals will also augment the growth of the market in the region.
Asia Pacific will also show a robust growth during the given period owing to the improving healthcare infrastructure and rising health awareness regarding the minimally invasive procedures.
Companies FeaturedGENICON Medtronic Olympus Corporation Ethicon Inc. CONMED Corporation B. Braun Melsungen AG Teleflex Incorporated Adroit Manufacturing Co. Alfa Corpuscles Purple Surgical Medline Industries Inc.
For more information about this report visit https://www.researchandmarkets.com/research/92qgvm/trocar_devices?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005407/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Surgical Devices
INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 06:10 AM/DISC: 12/03/2018 06:10 AM