Cannula Market By Product (Nasal Cannula, Vascular Cannula, Venous Cannula, Cardiac Cannula, Arthroscopy Cannula, Intravenous Cannula, Dermatology Cannula,, Others) , By Application (Orthopedics Surgery, General Surgery, Cardiovascular Surgery, Plastic Surgery, Oxygen Therapy, Others) By End User (Hospitals, Clinics, Ambulatory Surgery Centers, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Cannula Market Expected to Garner $316.9 Million by 2033, Growing at a CAGR of 6.7%
The global cannula market is expected to grow primarily due to the rising prevalence of chronic diseases and the increasing awareness & adoption of minimally invasive procedures. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global cannula market was valued at $171.9 million in 2023 and is expected to register a revenue of $316.9 million by 2033 at a CAGR of 6.7% during the forecast period 2024-2033.
Dynamics of the MarketThe rise in surgical procedures, including minimally invasive, cosmetic, and cardiovascular surgeries and the growing prevalence of chronic diseases are expected to make the cannula market a highly profitable one in the forecast period. Besides, the rising medical tourism is predicted to boost the market growth.
However, according to market analysts, the high cost of cannula devices and the limited healthcare resources in certain regions might restrain the growth of the market.
Advances in material science and manufacturing technologies have led to the development of more advanced and specialized cannulas, which is predicted to offer numerous growth opportunities for the market in the forecast period. Moreover, the demand for personalized medical devices tailored to individual patient needs is increasing, which is expected to propel the cannula market forward in the coming years.
Key Players of the MarketThe major players of the cannula market include Medtronic, Edward Lifesciences, Becton Dickinson (BD), LivaNova, Boston Scientific Corporation, Smiths Medical, Terumo Corporation, Flexicare Medical, Fisher & Paykel Healthcare Ltd, and Medin Medical Innovations.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy ProductNasal Cannula
Vascular Cannula
Venous Cannula
Cardiac Cannula
Arthroscopy Cannula
Intravenous Cannula
Dermatology Cannula,
Others
By ApplicationOrthopedics Surgery
General Surgery
Cardiovascular Surgery
Plastic Surgery
Oxygen Therapy
Others
By End UserHospitals
Clinics
Ambulatory Surgery Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersMedtronic
Becton Dickinson (BD)
Edward Lifesciences
LivaNova
Smiths Medical
Boston Scientific Corporation
Terumo Corporation
Fisher & Paykel Healthcare Ltd
Flexicare Medical
Medin Medical Innovations