Cannula Market - Global Industry Analysis

Table Of Content

Methodology

Free Analysis

Cannulas are hollow tubes with a retractable, shrill inner core, which are inserted into the body (veins, arteries, or any other body cavities) either for fluid delivery/ removal or for blood collection. These tubes are also used to surround the inner or outer shell of a three-sided cutting point needle, which helps in extending the needle length by minimum half the length of the original needle. There are mainly four types of cannulas, i.e., arterial, nasal, venous, or oral-nasal. An arterial cannula is inserted in arteries in major operations like bypass surgeries. One can also use these cannulas to monitor heartbeat to measure blood pressure. Venous cannulas are injected in veins for removing or administrating blood. Nasal cannulas or oral nasal cannulas are inserted in nostrils and mouth for providing oxygen.

The global cannula market is growing rapidly due to the increasing demand for minimally invasive surgery (MIS), rising infant mortality rate, growing number of hospitals and clinics, and ongoing improvements in healthcare infrastructure in developing economies. Favorable government initiatives to provide vital healthcare services at reasonable rates and rising consumer awareness are also predicted to boost the cannula market growth globally. In addition, an increasing number of medical ailments arising due to inactive lifestyle is positively contributing to product sales. However, the lack of skilled or trained physicians, inadequate cannula stabilization, and high surgery costs may limit the market.

The global cannula market is fragmented based on product, application, material, size, and end-use. The product segment of the market is divided into dermatology, cardiac, nasal, and vascular. Cardiac held the major market share in 2018, whereas dermatology is expected to show the highest CAGR in the upcoming years. By material, the cannula market is categorized into plastic, metal, and silicon. Plastic held a substantial market share in 2018. On the basis of application, the cannula market includes orthopedic surgery, oxygen therapy, cardiovascular surgery, general surgery, and cosmetic/plastic surgery. Cosmetic/plastic surgery held the major market share in 2018, due to increasing health consciousness and growing number of obesity cases, leading to a rising number of cosmetic surgeries. Based on size, the market is classified into 14G, 16G, 18G, 20G, 22G, 24G, and 26G. Different colors represent different sized cannulas. The 18G segment held the notable market share in 2018. Based on end-use, the cannula market comprises hospitals, blood banks, ambulatory surgical centers, and others. Hospitals held a substantial cannula market share in 2018.

The Asia Pacific region is expected to be the fastest growing cannula market globally over the projected time period. Countries like China, India, and Japan are showing increasing cognizance about MIS techniques and growing purchasing capacity of the middle-class population, which are contributing majorly toward the Asia Pacific cannula market growth.

Some key players in the global cannula market are Medtronic, Terumo Corporation, Edward Lifesciences Corporation, Action Medical, Boston Scientific, Conmed Corporation, Maquet Holding, Sidapharm, Smith & Nephew, and Smiths Medical.