Cannula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cannula Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global cannula market size reached US$ 149.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.1 Million by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

A cannula is a small hollow tube with a sharp and retractable inner core that is inserted into a vein, artery or body cavity to administer medication and draw off fluids. Several types of cannula are available for performing different procedures. For instance, an intravenous cannula is used in cardiac surgery by establishing cardiopulmonary bypass. Similarly, a nasal cannula is utilized for administering oxygen by running the plastic tubing beneath the nose. Additionally, it is widely used for injecting fillers as it causes lesser pain, reduces the risk of bleeding and bruising, and provides greater flexibility as compared to hypodermic needles. Owing to its numerous attributes, it finds extensive applications in hospitals, ambulatory surgery centers (ASCs), blood banks, laboratories and pathology labs across the globe.

Cannula Market Trends:
The growing global population, which is more susceptible to chronic medical disorders, represents one of the key factors positively influencing the demand for cannulas. In addition, changing dietary patterns and the rising prevalence of lifestyle diseases, such as obesity, diabetes, and hypertension, are increasing the number of surgical procedures, which, in turn, is contributing to the market growth. Along with this, rising incidences of cardiovascular diseases and the shifting preference toward minimally invasive surgeries (MIS) are propelling the market growth. Besides this, the increasing influence of social media and the growing traction of cosmetic surgeries are creating a positive outlook for the market. Furthermore, governments of various countries are introducing numerous policies for providing primary healthcare services, coupled with continuous advancements in healthcare facilities, which are further bolstering the market growth. Moreover, increasing investments by leading market players in research and development (R&D) activities to introduce more advanced product variants are anticipated to drive the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cannula market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application, type, size, material and end user.

Breakup by Product:

Cardiac Cannulas
Nasal Cannulas
Vascular Cannulas
Dermatology Cannulas
Arthroscopy Cannulas
Others

Cardiac cannulas currently represent the largest market segment due to the growing global population and the rising prevalence of cardiovascular diseases across the globe.

Breakup by Type:

Neonatal Cannulas
Straight Cannulas
Winged Cannula
Wing with Port Cannula
Others

Straight cannulas are the most used variants as they are equipped with an extra sharp needle that makes it easier to insert into veins or arteries.

Breakup by Size:

14G
16G
18G
20G
22G
24G
26G

18 G cannulas account for the majority of the global cannula market share as they are extensively used in hospitals to infuse products and deliver medications.

Breakup by Material:

Plastic (PVC) Cannulas
Silicone Cannulas
Metal Cannulas (Stainless Steel)

Plastic (PVC) cannulas currently hold the largest market share due to their widespread adoption in both in-patient and out-patient procedures.

Breakup by Application:

Cardiovascular Surgery
Oxygen Therapy
General Surgery
Cosmetic/Plastic Surgery
Orthopedic Surgery
Others

Breakup by End-User:

Hospitals
Ambulatory Surgery Centers (ASCs)
Others

Hospitals presently dominate the market on account of the rising prevalence of chronic medical disorders and increasing accidents and the hospitalization rate.

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Boston Scientific Corporation, CONMED Corporation, Edwards Lifesciences, Medtronic Plc, Smith & Nephew PLC, Smiths Medical Inc., LivaNova Plc, Teleflex Incorporated, Terumo Corporation, etc.

Key Questions Answered in This Report

1. What was the size of the global cannula market in 2022?
2. What is the expected growth rate of the global cannula market during 2023-2028?
3. What are the key factors driving the global cannula market?
4. What has been the impact of COVID-19 on the global cannula market?
5. What is the breakup of the global cannula market based on the product?
6. What is the breakup of the global cannula market based on the type?
7. What is the breakup of the global cannula market based on size?
8. What is the breakup of the global cannula market based on the material?
9. What is the breakup of the global cannula market based on the end user?
10. What are the key regions in the global cannula market?
11. Who are the key players/companies in the global cannula market?