Cannula Market Research Report: by Product (Cardiac, Nasal, Vascular, Dermatology, Arthroscopy, Other), by Material (Plastic, Silicone, Metal), by Application (Cardiovascular Surgery, Oxygen Therapy, General Surgery, Other), End User - Forecast Till 2027
Cannula market share is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 113 Million in 2017 and is projected to grow at a CAGR of 6.7% over the forecast period. Cannula is a bendable hollow tube with a retractable and sharp inner core. It is inserted into a vein or an artery or in other body cavities of a patient for the removal or delivery of fluids during surgeries or medical investigational procedures like infusing medication or obtaining blood samples. Demand for surgical procedures is increasing across the world as surgery has become standard treatment for various health conditions. It is noted that the rising number of surgical procedures is the key factor driving the cannula market.
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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.
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 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).
Americas
The report indicates that the global marketplace is set to be dominated by North America over the assessment period. Increasing healthcare expenditure in conjunction with rising demand for medical services is poised to revolutionize the growth trajectory of the cannula market in the region. Furthermore, the presence of developed healthcare infrastructure is poised to have a favorable impact on the expansion of the regional market.
Europe
Europe is expected to hold the second position through the forecast period, and its growth can be ascribed to the accelerated research & development activities. Asia Pacific is likely to exhibit the fastest growth due to the presence of a huge patient population in the region. It is also projected to benefit from advancements in healthcare services in the region.
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