Global Cannula Market, By Product (Vascular Cannula, Cardiac Cannula, Arthroscopy Cannula, Dermatology Cannula, Nasal Cannula, Others), Type (Neonatal, Straight, Winged, Wing with Port, Winged with Stop Cork), Material (Plastic Cannulas, Silicone Cannulas, Metal Cannulas), Size (14G, 16G, 18G, 20G, 22G, 24G, 26G), Application (Oxygen Therapy, Cardiovascular Surgery, General Surgery, Orthopedic Surgery, Cosmetic/Plastic Surgery, Diabetes Treatment, Neurology, Others), End-Users (Hospitals, Cardiac Centers, Ambulatory Surgical Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The cannula market is expected to witness market growth at a rate of 6.55% in the forecast period of 2021 to 2028 and is expected to reach USD 33,787.91 million by 2028. Data Bridge Market Research report on cannula market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the rate of surgeries globally is escalating the growth of cannula market.
Cannula refers to a flexible hollow tube is sharp and has a retractable inner core implanted into an artery or a vein, or other body cavity. The tube enables drawing of the fluid or provides medication intravenously. It is generally utilized for procedures such as medication or obtaining blood samples. They extensively used for cases of cardiovascular diseases.
The increase in the infant mortality rate across the globe acts as one of the major factors driving the growth of the cannula market. The initiatives taken by the government with the purpose of providing primary healthcare services at affordable rates to the people and rise in the in awareness about minimally invasive surgeries accelerate the cannula market growth. The emergence of number of medical ailments because of sedentary lifestyle, consumption of alcohol, smoking and unhealthy eating habits and the improving healthcare infrastructure in emerging economies further influence the cannula market. Additionally, the change in lifestyles of people, growing geriatric population, rise in awareness regarding various diseases and surge in healthcare expenditure positively affect the cannula market. Furthermore, rise in demand of cannula in home healthcare and emerging nations extend profitable opportunities to the cannula market players in the forecast period of 2021 to 2028.
On the other hand, uncertain regulatory framework in the medical device sector is expected to obstruct the cannula market growth. The high competition is projected to challenge the cannula market in the forecast period of 2021-2028.
This cannula market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cannula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cannula Market Scope and Market Size
The cannula market is segmented on the basis of product, type, material, size, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the cannula market is segmented into vascular cannula, cardiac cannula, arthroscopy cannula, dermatology cannula, nasal cannula and others.
- On the basis of type, the cannula market is segmented into neonatal, straight, winged, wing with port and winged with stop cork.
- On the basis of material, the cannula market is segmented into plastic cannulas, silicone cannulas and metal cannulas.
- On the basis of size, the cannula market is segmented into 14G, 16G, 18G, 20G, 22G, 24G and 26G.
- On the basis of application, the cannula market is segmented into oxygen therapy, cardiovascular surgery, general surgery, orthopedic surgery, cosmetic/plastic surgery, diabetes treatment, neurology and others.
- On the basis of end-users, the cannula market is segmented into hospitals, cardiac centers, ambulatory surgical centers and others.
Global Cannula Market Country Level Analysis
The cannula market is analyzed and market size insights and trends are provided by country, product, type, material, size, application and end-users as referenced above.
The countries covered in the cannula market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cannula market because of the availability of advanced healthcare infrastructure and high awareness about minimally invasive surgeries among patients and physicians. Asia-Pacific is estimated to grow in the forecast period of 2021-2028 due to the presence of a massive patient pool, favorable government policies to transform healthcare practices and high proportion of geriatrics suffering from chronic disease in the region.
The country section of the cannula market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The cannula market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cannula market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cannula market. The data is available for historic period 2011-2019.
Competitive Landscape and Cannula Market Share Analysis
The cannula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cannula market.
The major players covered in the cannula market report are Medtronic, Edward Lifescience Corporation, La-med Healthcare Pvt. Ltd, Terumo Corporation, GENERAL ELECTRIC COMPANY, Boston Scientific Corporation, DePuy Synthes, Denex International, LivaNova PLC, Smith & Nephew, MRK Healthcare Pvt. Ltd., BVI, Harsoria Healthcare Private Limited, CONMED Corporation, Smiths Medical, Inc., Teleflex Incorporated, ILIFE MEDICAL DEVICES PRIVATE LIMITED and Global Medikit Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.