Business

Cannula Market – Industry analysis and forecast

Written by pallavivn

Cannula Market is expected to reach US$ XX Mn by 2027 at a CAGR of XX % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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The cannula is a thin tube inserted into a vein or body cavity to administer medication, drain off fluid, or insert a surgical instrument. The aim of the cannula are improving patient outcomes by decreasing the potential complications that occur thanks to peripheral cannulation, and decreasing staff anxiety with regard to routinely re-siting cannulas in patients with poor peripheral vascular access.

An increasing number of surgeries, advancement in the healthcare facilities, increased investment in R&D, a large pool of patients, rising government funding, and Increasing minimally invasive surgery (MIS) procedures would create commercial market opportunities. However, an uncertain regulatory framework in the medical devices industry and inadequate cannula stabilization are the major hindrances of the cannula market growth. The possibility of infection is the major challenge faced by the cannula market.

Based on the application, the cosmetic/plastic surgery segment is expected to be the fastest-growing segment on account of increasing health consciousness and the growing number of obesity cases, leading to the increasing number of cosmetic surgeries.

In terms of the material segment, silicone and metal is considered attractive market segment and is expected to hold a significant share of the market in the coming years along with growth can be attributed to factors such as rising adoption of technology advancement.

According to the product, nasal cannulas are considered attractive market segment and is expected to hold a significant share of the market in the coming years along with growth can be attributed to factors such as increasing number of respiratory disorders and soaring popularity.

Region-wise, the North America region is expected to grow at the highest CAGR of XX% during the forecast period because of an increase in the number of patients undergoing various surgical procedures and increase the change in lifestyle-related diseases such as obesity. The Asia Pacific region is expected to grow at the highest CAGR of XX% during the forecast period thanks to increasing government support, growth in the purchasing power in the middle-class population, and increasing awareness about MIS techniques in different surgical procedures

In the Cannula market, Medtronic plc. holds the leadership position because of production capacity expansion, brand portfolio expansion, collaborations, M&A. Over the past three years, the company has adopted new product launches, product enhancements, and geographic growth as its crucial business plans to certify its dominance in this market.

The objective of the report is to present a comprehensive analysis of the Global Cannula Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Cannula Market dynamics, structure by analyzing the market segments and project the Global Cannula Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Cannula Market make the report investor’s guide.

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Cannula Market – Industry analysis and forecast (2019-2027) by product, material, application, end user and region.

The Scope of the Cannula Market: Inquire before buying

Cannula Market, by Product

• Cardiac Cannulas
• Vascular Cannulas
• Nasal Cannulas
• Arthoscopy Cannulas
• Dermatology Cannulas
• Others (Floating Spinal Cannulas, Vitreoretinal Cannulas, and Hysterosalpingography Cannulas)
Cannula Market, by Application

• Cardiovascular Surgery
• Oxygen Therapy
• General Surgery
• Cosmetic/Plastic Surgery
• Orthopedic Surgery
• Others (diabetes treatment, ophthalmology, gynecology, and neurology.)
Cannula Market, by Material

• Plastic
• Metal
• Silicone
Cannula Market, by End Users

• Hospitals
• Ambulatory Surgical Centers
• Others (Blood Banks and Home Healthcare Facilities)
Cannula Market, by region

• North America
• Europe
• APAC
• Latin America
• MEA
Key Players of the Cannula Market:

• Medtronic PLC
• Edward Lifescience Corporation
• Terumo Corporation
• Sorin Group
• Smith & Nephew PLC.
• Conmed Corporation
• Smiths Medical
• Teleflex Incorporated
• Maquet Holding B.V. & CO. KG

 

This Report Is Submitted By : Maximize Market Research Company

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