Product Description
Overall, the global access device market was valued at just over $900 million in 2023. This is expected to increase over the forecast period at a CAGR of 3% to reach over $1.1 billion.
Throughout this medical market research, we analyzed over 25 access device companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for access devices extends its projections up to the year 2030, thereby providing a comprehensive and anticipatory understanding of the market trends and trajectories for the given period.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Access Device Market Insights
In the future, the overall growth of the access device market is expected to be robust throughout the forecast period, propelled by its close connection to the increasing volume of laparoscopic procedures. The widely recognized benefits associated with the laparoscopic approach, such as expedited patient recovery and reduced hospital stays, offer hospitals valuable advantages in terms of resource conservation.
Global Access Device Market Share Insights
- Applied Medical secured the top spot in both the disposable and overall access device markets, primarily attributed to its cost-effective and budget-friendly disposable trocars.
- Ethicon emerged as the second major player in the global access device market. While Ethicon provides hybrid/reposable trocars, its focus primarily revolves around disposable products, often pricing them at a premium well beyond the market average. Ethicon relies on the superior quality of its offerings to drive sales, in contrast to Applied Medical and Medtronic, which position their products at prices below the market average.
- Medtronic claimed the third position among access device market competitors. Notably, Medtronic‘s SILS™ Access Port competes in the single-port access device segment. Moreover, the company offers a diverse range of trocars, including its Versaport™ device, VersaOne™ access system, and the VersaStep™ reposable trocar.
Market Segmentation Summary
- Trocar Market
- Single-Port Access Device Market
Global Research Scope Summary
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2023 |
| Forecast | 2024-2030 |
| Historical Data | 2020-2023 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
CONTACT US FOR ADDITIONAL INFORMATION
For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.
