Market players adopt mainly expansions and acquisitions to achieve growth in the global Trocars Market
The trocars market is expected to reach USD 762.3 million by 2023 from USD 538.5 million in 2018, at a CAGR of 7.2%. Increasing preference for minimally invasive surgeries over conventional open surgeries and rising prevalence of cancer, hernia, and appendicitis are the major factors driving the growth of the market. Emerging economies such as India and China provides opportunities for players operating in the trocars market. Prominent players in the market include Medtronic (Ireland), Ethicon (US), and The Cooper Companies (US). The key strategies followed by most companies in the trocars market are expansions, agreements, and collaborations to achieve growth in the global trocars market. The strategy of expansions accounted for the largest share of the overall growth strategies mapped from 2015 to 2018. To know about the assumptions considered for the study download the pdf brochure Medtronic Medtronic held the leading position in the trocars market in 2017. The company’s...