Market Highlights:
The Global Cannula Market is anticipated to hold a market value of USD 113 million in the year 2017 and is expected to grow at a CAGR of 6.7% during the forecast period. Cannula is a thin tube entered into a vein or body cavity in order to administer medication or to drain off fluid or to insert some surgical instrument.
Anticipated to expand at a CAGR of 6.7% Over the Forecast Period. The exponentially rising geriatric population is expected to reflect on the growth pattern of the healthcare sector. It is further expected to have a positive influence on the expansion of the cannula market in the forthcoming years. On the flip side, the factors such as lack of trained physicians and the implementation of strict regulations are anticipated to restrict market expansion over the next couple of years.
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Competitive Dashboard:
The prominent players of the global cannula market profiled in this MRFR report are
- Medtronic,
- Terumo Cardiovascular Systems Corporation,
- Edwards Lifesciences Corporation,
- LivaNova PLC, Smith & Nephew,
- Smiths Medical,
- CONMED Corporation,
- Teleflex Incorporated,
- McKesson Medical-Surgical Inc.,
- Boston Scientific Corporation,
- Harsoria Healthcare Pvt. Ltd.,
- ILIFE MEDICAL DEVICES PRIVATE LIMITED (INDIA),
- ISPG Inc.,
- Denex International.
Market Research Future (MRFR) has projected in its latest report that the global Cannula Market, valued at USD 113 Mn in 2017. A cannula is a hollow retractable tube which is used for removal or delivery of fluids through insertion into vein, arteries or other body cavities. Increasing healthcare services centers in conjunction with the rising patient population is expected to favor market growth in the years to come.
The rising incidences of life-threatening diseases such as cancer, liver cirrhosis, cardiovascular diseases, diabetes, etc. have led to an exponential rise in the demand for medical facilities. The advanced nature of these diseases has led to an increase in demand for long-term or lifetime access to healthcare services. This, in turn, is forecasted to augment the global cannula market over the next couple of years.
Market Segmentation:
By application, the global cannula market has been segmented into
- cardiovascular surgery,
- oxygen therapy,
- general surgery,
- cosmetic/plastic surgery,
- orthopedic surgery
By end-user, the cannula market has been segmented into
- hospitals,
- ambulatory surgical center
By product, the global cannula market has been segmented into
- cardiac cannulas,
- nasal cannulas,
- vascular cannulas,
- dermatology cannulas,
- arthroscopy cannulas
By material, the cannula market has been segmented into
- plastic (PVC),
- silicone
- metal (stainless steel).
Regional Analysis:
By region, the global cannula market has been segmented into
- Americas,
- Europe,
- Asia Pacific,
- Middle East & Africa (MEA).
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