Global Cannula Market Expected to Rise at 7% CAGR during 2021-2026


Posted May 12, 2021 by zayaroy18

According to IMARC group, the global cannula market is expected to expected the market to grow at a CAGR of around 7% during the forecast period .
 
The global cannula market is being driven by research and development (R&D) activities by manufacturers, resulting in the introduction of innovative product variants. A cannula can be defined as a hollow, flexible tube with a sharp, retractable inner core that can be inserted into a vein, body cavity or artery. It is used to remove fluids or gather samples from the body or deliver fluids to the body. There are different kinds of cannulas available for a range of procedures in different sizes. Cannulas are now also being used over hypodermic needles for injecting fillers due to their associated benefits like greater flexibility, less risk of bruising or bleeding, and reduced pain. As a result, they find applications in blood banks, hospitals, pathology labs, and ambulatory surgery centers (ASCs).

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Cannula Market Trends:

One of the major factors impelling the market growth is the continuing spread of the coronavirus disease (COVID-19). The pandemic has led to a spike in the hospitalization of the affected patients, which, in turn, has stimulated the demand for cannulas. Apart from this, the rising cases of cardiovascular diseases over the past decade and the increasing inclination toward minimally invasive surgeries (MIS) are also contributing to the market growth. Furthermore, several manufacturers are introducing advanced cannulas, which is creating a positive outlook for the market. For instance, Uni-flo2 Single Nasal Cannula by UPODS, LLC and 3B Medical’s Freedom X oxygen cannula are designed to offer maximum comfort to the patients while receiving oxygen. Similarly, Medtronic has launched Kyphon Cannula in 2020 for balloon kyphoplasty surgeries in the United States. Some of the other factors bolstering the market growth are the rising popularity of cosmetic surgeries, increasing advancements in medical sciences, and favorable government policies for offering primary healthcare services.

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Global Cannula Market 2021-2026 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Boston Scientific Corporation, CONMED Corporation, Edwards Lifesciences, Medtronic Plc, Smith+Nephew, Smiths Medical Inc., LivaNova Plc, Teleflex Incorporated, Terumo Corporation, etc.

The report has segmented the market on the basis of product, Type, Size, Material, Application,User and Region.

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

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Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Issued By Robert Smith
Business Address 30 N Gould St Ste R Sheridan, WY 82801 USA
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Categories Health , Internet , News
Tags cannula market report , cannula market share , cannula market size
Last Updated May 12, 2021