Global Neoprene Medical Cannulas Market Growth 2024-2030

Global Neoprene Medical Cannulas Market Growth 2024-2030

Neoprene medical cannulae are used in the delivery of medical and diagnostic chemicals, as well as in anesthesia procedures, suction and irrigation procedures. Doctors use them to drain fluids, administer drugs, or provide oxygen.

The global Neoprene Medical Cannulas market size is projected to grow from US$ 124.3 million in 2023 to US$ 205.9 million in 2030; it is expected to grow at a CAGR of 7.5% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Neoprene Medical Cannulas Industry Forecast” looks at past sales and reviews total world Neoprene Medical Cannulas sales in 2023, providing a comprehensive analysis by region and market sector of projected Neoprene Medical Cannulas sales for 2024 through 2030. With Neoprene Medical Cannulas sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neoprene Medical Cannulas industry.

This Insight Report provides a comprehensive analysis of the global Neoprene Medical Cannulas landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Neoprene Medical Cannulas portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neoprene Medical Cannulas market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neoprene Medical Cannulas and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Neoprene Medical Cannulas.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment. Cannulation has undergone significant technological advancements over the years. Introduction of needle stick safety devices, enhanced lubrication techniques, and use of porous suction cannula are driving the demand for disposable cannula across the world. With the development of reusable peripheral venous access intravenous cannula, the market is expected to witness positive growth in terms of adoption and procedural outcomes. The medical intubation market is likely to change based on regulatory and environmental dynamics, industry and macroeconomic factors. Major developments in the market include updates to existing product profiles, such as needle safety guards to prevent needlestick injuries, and patenting of upgraded products by manufacturers to maintain and enhance their market positions. With rising incidence of infectious diseases and infectious diseases, the demand for disposable and reusable syringes and cannulas is also expected to increase. The number of vaccination campaigns sponsored by governments and NGOs has increased significantly, resulting in an increased demand for syringes and cannulae. Moreover, rising number of medical procedures requiring intubation is expected to fuel demand. Improvement in healthcare infrastructure contributes to increase in number of clinics in underdeveloped countries. Syringes and cannulae will grow in popularity as the number of medical device producers in developing countries increases.

This report presents a comprehensive overview, market shares, and growth opportunities of Neoprene Medical Cannulas market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
14G Medical Cannula
16G Medical Cannula
18G Medical Cannula
24G Medical Cannula

Segmentation by application
Hospitals
Ambulatory Surgical Center
Clinics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Boston Scientific Corporation
Medtronic
BD
Teleflex
Conmed
Stryker
B. Braun Melsungen
Terumo
Smith & Nephew
Getinge Group
LivaNova
Ypsomed
DTR Medical
CosmoFrance

Key Questions Addressed in this Report

What is the 10-year outlook for the global Neoprene Medical Cannulas market?

What factors are driving Neoprene Medical Cannulas market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Neoprene Medical Cannulas market opportunities vary by end market size?

How does Neoprene Medical Cannulas break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.