The latest research study “Cannula Market Trends: Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that The global cannula market size reached US$ 138.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 206.6 Million by 2027, exhibiting a CAGR of 7.4% during 2022-2027.
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Industry Definition and Application:
A cannula is a tiny hollow tube with a sharp and retractable inner core inserted into a vein, artery, or body cavity to administer medication and draw out body fluids. Various types of cannula are used to perform multiple procedures, including an intravenous cannula in surgeries and nasal cannula for providing artificial oxygen. Moreover, it is often used to inject fillers as it causes minimal pain, reduces the risk of bleeding and bruising, and offers more flexibility than hypodermic needles. As a result, they are widely used in hospitals, ambulatory surgery centers (ASCs), blood banks, laboratories, pathology labs, etc.
Global Cannula Market Industry Trends and Drivers:
The growing incidences of several chronic diseases coupled with the increasing number of medical surgeries are driving the demand for cannula. Additionally, the rising geriatric population, along with elevating inclination towards minimally invasive surgeries (MIS), also propels the market growth. The increasing influence of social media trends, coupled with the growing consumer consciousness towards physical appearance, is augmenting the utilization of cannula in cosmetic surgeries. Furthermore, the establishment of severe government rules governing product safety requirements has resulted in the development of sterile and high-quality cannulas.
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Cannula Market 2022-2027 Competitive Analysis and Segmentation:
The report has been segmented the market into the following categories:
Breakup by Product:
Breakup by Type:
Wing with Port Cannula
Breakup by Size:
Breakup by Material:
Plastic (PVC) Cannulas
Metal Cannulas (Stainless Steel)
Breakup by Application:
Breakup by End-User:
Ambulatory Surgery Centers (ASCs)
Middle East and Africa
List of Major Key Players:
Boston Scientific Corporation (NYSE: BSX)
CONMED Corporation (NYSE: CNMD)
Edwards Lifesciences (NYSE: EW)
Medtronic Plc (NYSE: MDT)
Smith & Nephew PLC (LON: SN)
Smiths Medical Inc (NASDAQ: ICUI)
LivaNova Plc (NASDAQ: LIVN)
Teleflex Incorporated (NYSE: TFX)
Terumo Corporation (TYO: 4543)
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