Global Trocars Market Size

Trocars Market Analysis

The trocars market is expected to register a CAGR of nearly 4.2% during the forecast period (2022-2027).

The COVID-19 pandemic had a significant impact on the market in the short term. A large number of elective surgeries were canceled or postponed to reduce the spread of the coronavirus. This leads to a decrease in demand for trocars in the industry. Thus, it has affected the global trocars market to a certain extent. For instance, according to the study "Impact of COVID-19 on the Outcomes of Gastrointestinal Surgery" published in April 2021, the COVID-19 pandemic has brought a paradigm shift in the treatment of various surgical gastrointestinal disorders. Various surgical departments around the world postponed elective surgeries to spare health resources for COVID-19 patients due to the rising number of patients requiring hospitalization and critical care for SARS-CoV-2 infections. As per the above-mentioned study, many abdominal surgeries, such as those for acute appendicitis and acute calculous cholecystitis, have been postponed. Elective procedures were prioritized based on the surgical procedure's urgency, the COVID-19 patients' hospital burden, and the availability of healthcare resources. Thus, COVID-19 has a significant impact on the trocars market.

The burden of chronic diseases such as diabetes, cardiovascular diseases, and obesity is rapidly increasing around the world. These chronic diseases are affecting a large proportion of the population and thus increasing the number of surgical procedures across the world. For instance, according to the American Heart Association's Heart & Stroke Statistics 2020 Update, there are more than 356,000 out-of-hospital cardiac arrests (OHCA) in the United States each year, with over 90% of these being fatal. The annual incidence of non-traumatic OHCA is estimated to be 356,461, or about 1,000 people each day. This is expected to increase the demand for cardiovascular surgeries and thereby rise in demand for trocars in the industry. This is expected to drive market growth over the forecast period.

Additionally, the rise in the geriatric population is likely to drive the demand for trocars in the industry as the geriatric population is more prone to chronic diseases, and most of the surgical procedures are performed on the geriatric population. For instance, according to the article published by the National Center for Biotechnology Information, titled 'Psychological distress among elderly surgical patients who had their surgery postponed during the COVID-19 pandemic' in 2022, approximately 53% of all surgical procedures are performed on patients over the age of 65. Additionally, as per Eurostat in 2022, more than one-fifth (20.8 %) of the European Union population was aged 65 and over 2021. Thus, the rise in the geriatric population is expected to drive the demand for surgical procedures in the industry. Thus, owing to the aforementioned factors, the trocars market is expected to register healthy growth over the forecast period.