Global Cannula Market Research Report: by Product (Cardiac, Nasal, Vascular, Dermatology, Arthroscopy, Other), by Material (Plastic, Silicone, Metal), by Application (Cardiovascular Surgery, Oxygen Therapy, General Surgery, Other), End User - Forecast Till 2023

ID: MRFR/MED/5472-HCR | February 2021 | Region: Global | 90 pages

Market Scenario:

Global Cannula Market share is expected to grow significantly over the forecast period. It is anticipated that the market held a valuation of USD 113 Million in 2017 and is projected to grow at a CAGR of 6.7% over the forecast period. Cannula is a bendable hollow tube with a retractable and sharp inner core. It is inserted into a vein or an artery or in other body cavities of a patient for the removal or delivery of fluids during surgeries or medical investigational procedures like infusing medication or obtaining blood samples.
Demand for surgical procedures is increasing across the world as surgery has become standard treatment for various health conditions. It is noted that the rising number of surgical procedures is the key factor driving the cannula market. According to the Australian Institute of Health and Welfare, during 2015–16, there were 10.6 million hospitalisations, and 1 in 4 hospitalisations involved a surgical procedure
Various other factors such as increasing demand of cannulas for ocular surgeries, developing healthcare infrastructure and increasing research & development activities related to healthcare are also expected to propel the growth of the market. According to a study published in the Indian Journal of Opthalmology in 2017, J-shaped cannula has shown good surgical results in the cortex removal technique.However, the strict government regulations, and lack of skilled or trained physicians can hamper the market growth over the forecast period.

Segmentation:
The Global Cannula Market has been segmented into product, material, application and end user.The market, on the basis of product, has been segmented into cardiac cannulas, nasal cannulas, vascular cannulas, dermatology cannulas, arthroscopy cannulas and others.The market, by material, has been segmented into plastic (PVC), silicone and metal (stainless steel).The market, by application, has been segmented into cardiovascular surgery, oxygen therapy, general surgery, cosmetic/plastic surgery, orthopaedic surgery and others.
The market, by end user, has been segmented into hospitals, ambulatory surgical centers and others. The hospitals segment is anticipated to hold the largest market share owing to increase in hospitalizations and large number of surgeries in hospitals. The ambulatory surgical centers are expected to grow at the highest CAGR owing to the increasing demand for modern healthcare facilities.The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Cannula Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European Cannula Market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Cannula Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Cannula market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key players:
Medtronic, Edwards Lifesciences Corporation, Terumo Cardiovascular Systems Corporation, LivaNova PLC, Smith & Nephew, CONMED Corporation, Smiths Medical, Teleflex Incorporated, Boston Scientific Corporation, McKesson Medical-Surgical Inc., Harsoria Healthcare Pvt. Ltd., ISPG Inc., ILIFE MEDICAL DEVICES PRIVATE LIMITED (INDIA), Denex International, BD and others are some of the key players in the Global Cannula Market.

Regional Market Summary

Global Cannula Market Share (%), by Region, 2017

Source: Centers for Disease Control and Prevention (CDC), Eurostat, White Papers, Company Presentations, Annual Reports

Geographically, the Americas is anticipated to dominate the Global Cannula Market owing to rising healthcare expenditure, increase in number of surgeries and developing healthcare infrastructure. According to Centers Medicare and Medicaid Services, National Healthcare Expenditure grew by 4.3% to USD 3.3 trillion in 2016 from the previous year.
Europe is expected to hold the second largest position in the global cannula market. The market growth in this region is attributed to the government support and improving healthcare related research & development activities.
The Cannula Market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to the increasing demand for minimally invasive surgeries and rising healthcare spending. According to the World Bank Group, India spent 3.89% of its Gross Domestic Product (GDP) on health.
The Middle East & Africa are expected to hold the least share of the market. The market growth in this region is expected to be driven by a developing healthcare infrastructure.

Global Cannula Market, by Product:

Cardiac Cannulas

Nasal Cannulas

Vascular Cannulas

Dermatology Cannulas

Arthroscopy Cannulas

Others

Global Cannula Market, by Material:

Plastic (PVC)

Silicone

Metal (Stainless Steel)

Global Cannula Market, by Application:

Cardiovascular Surgery

Oxygen Therapy

General Surgery

Cosmetic/Plastic Surgery

Orthopedic Surgery

Others

Global Cannula Market, by End User:

Hospitals

Ambulatory Surgical Centers

Others

Global Cannula Market, by Region:

Americas
- North America
  - US
  - Canada
- South America

Europe
- Western Europe
  - Germany
  - France
  - Italy
  - Spain
  - UK
  - Rest of Western Europe
- Eastern Europe

Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific

The Middle East & Africa
- Middle East
- Africa

Global Cannula Market, by Key Players:

Medtronic

Edwards Lifesciences Corporation

Terumo Cardiovascular Systems Corporation

LivaNova PLC

Smith & Nephew

CONMED Corporation

Smiths Medical

Teleflex Incorporated

Boston Scientific Corporation

McKesson Medical-Surgical Inc.

Harsoria Healthcare Pvt. Ltd.

ISPG Inc.

ILIFE MEDICAL DEVICES PRIVATE LIMITED (INDIA)

Denex International

Intended Audience:

Medical Device Suppliers

Research and Development Organization

Medical Device Manufacturers

Healthcare Organizations

Academics and Research Institutes

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Product Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Cannula Market, by Product

6.1 Introduction

6.2 Cardiac Cannula