Cannula Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Japan, China, India, Australia, South Korea, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, Turkey, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI4525
Cannula Market size is expected to grow significantly from 2020 to 2026. Cannulas are medical devices that are generally inserted into the body to get or remove some fluid for treatment or medical investigational procedures. The cannula allows the piercing of the body to get into the intended space. There are variety of cannulas with different sizes are available in the market. The most common amongst them is intravenous cannula. These types of cannula are used in several medical and non-medical fields.
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The increasing number of patient undergoing various surgical procedures is expected to drive the market growth over the forecast period. Growing demand for minimally invasive procedures further boosts the market growth. Technologically advanced cannulas with enhanced features provide faster patient recovery with shorter procedure duration. Increasing availability of such medical devices is also likely to boost the cannula market growth. Furthermore, factors like rising consumer awareness and various government initiatives across the globe to provide primary healthcare services at affordable rates will further fuel the market growth.
The product segment is divided into nasal cannula, neonatal cannula, straight cannula, winged cannula, cannulas with wings and ports, cannulas with integrated stop cock and others. The nasal cannula market segment marked a substantial revenue share in 2019 and is projected to follow a similar trend during the forecast period. Nasal cannulas are small and flexible tube-like devices that supply supplementary oxygen from a source to the patient. Nasal cannulas are recommended for conditions such as asthma, COPD, chronic bronchitis and others. Increasing prevalence of asthma and COPD rises the adoption of nasal cannula, thereby drives the segmental revenue growth.
The material segment is divided into plastic, silicone and others. The silicone segment marked a significant growth rate in 2019. This is majorly due to the higher usage rate in oxygen therapies. Moreover, silicon cannulas are soft and flexible, that makes them a preferred choice among doctors for various application. The above-mentioned factors will contribute to the segmental revenue share.
The hospitals segment should witness significant growth during the forthcoming years. Cannulas are used in the hospital during general surgery, cardiovascular surgery, orthopedic surgery, dermatology, neurology, oxygen therapy, gynecology, and others. Increasing hospitalization rate drives the segment growth in upcoming years.
North America cannula market demand is expected to grow rapidly over the coming years. This is majorly due to the growing minimally invasive surgeries and advanced healthcare infrastructure in the U.S. These factors will fuel the North American market.
Some of the major notable players operating in the cannula market share include Becton, Dickinson and Company, Edwards Lifesciences Corporation, B. Braun Melsungen AG, Medtronic, Terumo Corporation, Smiths Group plc, Smith & Nephew, CoMedical, Braile Biomédica, LivaNova and Teleflex Incorporated. The companies are majorly focusing on business expansion in developing regions. The development and launch of technologically advanced products are expected to boost the growth of cannulas market. For instance, in 2019, LivaNova launched Bi-Flow arterial femoral cannula. The cannula designed to prevent limb ischaemia during cardiac surgery.
By Product type, 2015-2026 (USD Million)
- Nasal cannula
- Straight cannula
- Winged cannula
- Cannulas with wings and ports
- Cannulas with integrated stop cock
By Material, 2015-2026 (USD Million)
By Patient, 2015-2026 (USD Million)
By Patient, 2015-2026 (USD Million)
- Disposable cannula
- Reusable cannula
By End-use, 2015-2026 (USD Million)
- Ambulatory surgical centers
- Diagnostic laboratories
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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