18-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Cannula Market by Product (Cardiac, Vascular, Dermatology, and Nasal), By Application (Cardiovascular Surgery, Oxygen Therapy, General Surgery, Cosmetic/Plastic Surgery, and Orthopedic Surgery), By Material (Plastic, Metal, and Silicon), by Size (14G, 16G, 18G, 20G, 22G, 24G, and 26G), and by End-Use (Hospitals, Ambulatory Surgical Centers, Blood Banks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cannula market was approximately USD 275 million in 2018 and is expected to generate around USD 433 million by 2025, at a CAGR of around 6.68% between 2019 and 2025.
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. The global cannula market is growing rapidly due to the increasing demand for minimally invasive surgery (MIS), rising infant mortality rate, a 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.
Browse the full “Cannula Market by Product (Cardiac, Vascular, Dermatology, and Nasal), By Application (Cardiovascular Surgery, Oxygen Therapy, General Surgery, Cosmetic/Plastic Surgery, and Orthopedic Surgery), By Material (Plastic, Metal, and Silicon), by Size (14G, 16G, 18G, 20G, 22G, 24G, and 26G), and by End-Use (Hospitals, Ambulatory Surgical Centers, Blood Banks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cannula-market
The global cannula market is fragmented based on the 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 a growing number of obesity cases, leading to a rising number of cosmetic surgeries. Based on the 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.
This report segments the global cannula market into:
Global Cannula Market: By Product
Global Cannula Market: By Material
Global Cannula Market: By Application
Global Cannula Market: By Size
Global Cannula Market: By End-Use
Global Cannula Market: By Region
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