The global cannula market size reached US$ 149.3 Million in 2022. Looking forward, the analyst expects the market to reach US$ 219.1 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
A cannula is a small hollow tube with a sharp and retractable inner core that is inserted into a vein, artery or body cavity to administer medication and draw off fluids. Several types of cannula are available for performing different procedures. For instance, an intravenous cannula is used in cardiac surgery by establishing cardiopulmonary bypass. Similarly, a nasal cannula is utilized for administering oxygen by running the plastic tubing beneath the nose. Additionally, it is widely used for injecting fillers as it causes lesser pain, reduces the risk of bleeding and bruising, and provides greater flexibility as compared to hypodermic needles. Owing to its numerous attributes, it finds extensive applications in hospitals, ambulatory surgery centers (ASCs), blood banks, laboratories and pathology labs across the globe.
2. What is the expected growth rate of the global cannula market during 2023-2028?
3. What are the key factors driving the global cannula market?
4. What has been the impact of COVID-19 on the global cannula market?
5. What is the breakup of the global cannula market based on the product?
6. What is the breakup of the global cannula market based on the type?
7. What is the breakup of the global cannula market based on size?
8. What is the breakup of the global cannula market based on the material?
9. What is the breakup of the global cannula market based on the end user?
10. What are the key regions in the global cannula market?
11. Who are the key players/companies in the global cannula market?
A cannula is a small hollow tube with a sharp and retractable inner core that is inserted into a vein, artery or body cavity to administer medication and draw off fluids. Several types of cannula are available for performing different procedures. For instance, an intravenous cannula is used in cardiac surgery by establishing cardiopulmonary bypass. Similarly, a nasal cannula is utilized for administering oxygen by running the plastic tubing beneath the nose. Additionally, it is widely used for injecting fillers as it causes lesser pain, reduces the risk of bleeding and bruising, and provides greater flexibility as compared to hypodermic needles. Owing to its numerous attributes, it finds extensive applications in hospitals, ambulatory surgery centers (ASCs), blood banks, laboratories and pathology labs across the globe.
Cannula Market Trends:
The growing global population, which is more susceptible to chronic medical disorders, represents one of the key factors positively influencing the demand for cannulas. In addition, changing dietary patterns and the rising prevalence of lifestyle diseases, such as obesity, diabetes, and hypertension, are increasing the number of surgical procedures, which, in turn, is contributing to the market growth. Along with this, rising incidences of cardiovascular diseases and the shifting preference toward minimally invasive surgeries (MIS) are propelling the market growth. Besides this, the increasing influence of social media and the growing traction of cosmetic surgeries are creating a positive outlook for the market. Furthermore, governments of various countries are introducing numerous policies for providing primary healthcare services, coupled with continuous advancements in healthcare facilities, which are further bolstering the market growth. Moreover, increasing investments by leading market players in research and development (R&D) activities to introduce more advanced product variants are anticipated to drive the market.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global cannula market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application, type, size, material and end user.Breakup by Product:
- Cardiac Cannulas
- Nasal Cannulas
- Vascular Cannulas
- Dermatology Cannulas
- Arthroscopy Cannulas
- Others
Breakup by Type:
- Neonatal Cannulas
- Straight Cannulas
- Winged Cannula
- Wing with Port Cannula
- Others
Breakup by Size:
- 14G
- 16G
- 18G
- 20G
- 22G
- 24G
- 26G
Breakup by Material:
- Plastic (PVC) Cannulas
- Silicone Cannulas
- Metal Cannulas (Stainless Steel)
Breakup by Application:
- Cardiovascular Surgery
- Oxygen Therapy
- General Surgery
- Cosmetic/Plastic Surgery
- Orthopedic Surgery
- Others
Breakup by End-User:
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being Boston Scientific Corporation, CONMED Corporation, Edwards Lifesciences, Medtronic Plc, Smith & Nephew PLC, Smiths Medical Inc., LivaNova Plc, Teleflex Incorporated, Terumo Corporation, etc.Key Questions Answered in This Report
1. What was the size of the global cannula market in 2022?2. What is the expected growth rate of the global cannula market during 2023-2028?
3. What are the key factors driving the global cannula market?
4. What has been the impact of COVID-19 on the global cannula market?
5. What is the breakup of the global cannula market based on the product?
6. What is the breakup of the global cannula market based on the type?
7. What is the breakup of the global cannula market based on size?
8. What is the breakup of the global cannula market based on the material?
9. What is the breakup of the global cannula market based on the end user?
10. What are the key regions in the global cannula market?
11. Who are the key players/companies in the global cannula market?
Table of Contents
1 Preface3 Executive Summary14 Value Chain Analysis16 Price Indicators
2 Scope and Methodology
4 Introduction
5 Global Cannula Market
6 Market Breakup by Product
7 Market Breakup by Type
8 Market Breakup by Size
9 Market Breakup by Material
10 Market Breakup by Application
11 Market Breakup by End-User
12 Market Breakup by Region
13 SWOT Analysis
15 Porters Five Forces Analysis
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Boston Scientific Corporation
- CONMED Corporation
- Edwards Lifesciences
- Medtronic Plc
- Smith & Nephew PLC
- Smiths Medical Inc.
- LivaNova Plc
- Teleflex Incorporated
- Terumo Corporation
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | October 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 149.3 Million |
Forecasted Market Value ( USD | $ 219.1 Million |
Compound Annual Growth Rate | 6.6% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |