Access Devices Market Size, Share & COVID-19 Impact Analysis | Global | 2020-2026 | MedCore | Includes: Trocars & Single Port Access Devices
- Year: 2020
- Scope: 10 Years
- Region: Global
- Published Date: 09/21/2020
- Type: MedCore
The global access devices market size is expected to reach nearly $1.1 billion by 2026, with the single port access devices segment showing the highest growth. Currently, over one-third of the global market share is controlled by Applied Medical, Medtronic, and Ethicon.
Laparoscopic access devices are used for puncturing the body to allow a laparoscope, as well as other instruments, to be inserted into the abdominal cavity. Trocars are a particular type of access device that consists of three primary components, namely the cannula, the seal, and the obturator. The trocar segment generated the vast majority of the global access device market, primarily driven by disposable products. The use of reposable and reusable devices is limited by their higher cost and the need for sterilization given the associated risk of infection.
Historically, the single-port access devices generate a modest portion of the global access device market value, primarily limited by its high selling prices and complex technique that requires additional training. However, there is increasing interest in this market, due to the many benefits this product provides. By using a single incision, single-port access allows for fewer wounds and does not require as many trocars per procedure as would a normal laparoscopy procedure.
How’s COVID-19 Impacting The Access Device Market?
In 2020, the global direct energy device market size saw a major decline of nearly 20% when compared to the valuation of $1.1 billion in 2019. The global market is expected to reach its pre-COVID levels in early 2023 and fully recover.
This market analysis considered different rates of canceled/postponed elective surgeries between specialties and also by regions, estimated for the three-month peak of the pandemic. The lowest share of postponed elective surgeries is estimated in Africa at slightly over 60% of elective surgeries. However, the same cannot be said for the European, North American, Latin American, and Asia Pacific regions.
What Are The Top Access Device Companies?
Globally, over 30% of the access device market share is controlled by Applied Medical, Medtronic, and Ethicon.
Applied Medical continues to lead the global access device market, primarily driven by its strong presence in both the trocar and single port access segments. The company secured its leading position in the trocar market with the Kii® product line, offering a wide variety of trocars that can be used in bariatric, colorectal, urological, gynecological, and pediatric surgeries. The company primarily competes in the disposable segment, with a focus on a safe pneumoperitoneum and minimal intrusion into the abdominal cavity, combined with affordable price options.
Medtronic and Ethicon both competed for the second-leading position in the global access device market, with different positions across the global regions. For instance, in North America, Medtronic holds the second leading position in the market. Medtronic competes in the single port access device segment with the SILS™ Access Port and with the VersaStep™ Trocar in the reposable trocar market. In Europe, Ethicon is the leading competitor in the access device market, slightly ahead of Applied Medical. The company has a broad portfolio that includes the ENDOPATH® and FLEXIPATH® trocar product lines, which offer bladeless, dilating tip, blunt tip, and universal sleeve devices.
Top Global Access Device Companies Analyzed
Market Segmentation Summary
This market research takes a look at the largest segments within the global access device market and provides a forecast of the Units Sold, Average Selling Prices, Market Sizes, and more. The segments included are:
- Trocars Market | Global | 2020-2026 – The market analysis is further broken down by:
- Device Type*: Reusable, Disposable, and Reposable Trocars.
- Single Port Access Devices Market | Global | 2020-2026 – The chapter includes an in-depth analysis of the global single port access devices market.
*Market coverage might vary by region. Please request a Complimentary Executive Summary to learn more.
Global Research Scope Summary
|Regions||North America (Canada, United States)
Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela, and more)
Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K., and more)
Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine, and more)
Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, and more)
Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam, and more)
Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda, and more)
|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, Clinical Trials, 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.|
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Top Global Access Device Companies Analyzed
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