Cannula Market (by-product (Cardiac Cannulas, vascular Cannulas, Nasal Cannulas, Arthoscopy Cannulas, Dermatology Cannulas, Others) -by Application (Cardiovascular Surgery, Oxygen Therapy, General Surgery, cosmetic/Plastic surgery, Orthopedic Surgery, Others) –by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) – is expected to reach US$ $140.5 Bn by 2024 at a CAGR of 6.5%.
A cannula is a thin tube inserted into a vein or body cavity to administer medication, drain off fluid, or insert a surgical instrument. Which is done to draw the fluid or to provide medication intravenously. Every patient and surgical situation is different, which is why you need an arterial cannulation system that gives you flexibility and options. The aim of the cannula are improving patient outcomes by decreasing the potential complications that occur due to peripheral cannulation, and decreasing staff anxiety with regard to routinely re-siting cannulas in patients with poor peripheral vascular access..
Increasing number of surgeries, advancement in the healthcare facilities, increased investment in R&D, large pool of patients, rising government funding, and Increasing minimally invasive surgery (MIS) procedures would create commercial market opportunities. Furthermore, uncertain regulatory framework in medical devices industry and inadequate cannula stabilization are the major hindrance of the Cannula market growth. The possibility of infection is the major challenge faced by the cannula market.
Cosmetic/plastic surgery application is expected to hold the largest market share during 2016-2026
Among application, the cosmetic/plastic surgery segment is expected to be the fastest-growing segment owing to increasing health consciousness and growing number of obesity cases, leading to increasing number of cosmetic surgeries.
Material Segment to hold a major share of the Cannula market during 2016–2026
Among 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.
Nasal Cannulas product segment to hold a major share of the Cannula market during 2016–2026
Among the product, nasal cannulas 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 increasing number of respiratory disorders and soaring popularity.
North America held the largest share of the Cannula market in 2017
Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to increase in number of patients undergoing various surgical procedures and increase change in lifestyle-related diseases such as obesity. The APAC region is expected to grow at the highest CAGR during the forecast period due to increasing government support, growth in the purchasing power in the middle-class population, and increasing awareness about MIS techniques in different surgical procedures
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as include Medtronic plc (U.S.), Edward Lifesciences Corp. (U.S.), Terumo Corporation (Japan), Sorin Group (Italy), and Maquet Holding B.V. & Co. KG (Germany)
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Cannula market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Cannula market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Cannula market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on https://www.maximizemarketresearch.com/market-report/cannula-market/13045/
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