Global Medical Cannula Market, By Product Type (Cardiac Cannula, Vascular Cannula, Arthroscopy Cannula, Dermatology Cannula, Nasal Cannula, Others), Type (Neonatal, Straight, Winged, Wing with Port, Winged with Stop Cork), Medical Procedure (Vascular Access, Surgery, Intubation, Lipofilling, Suction, Irrigation, Biopsy, Insufflation, Hysterography, Insemination, Cardioplegia), Size (14G, 16G, 18G, 20G, 22G, 24G, 26G), Material (Latex, Latex-Free, Neoprene), End Users (Hospitals, Ambulatory Surgical Center, Clinics, Others) – Industry Trends and Forecast to 2030.
Medical Cannula Market Analysis and Size
According to OECD data updated in August 2022, the number of surgeries performed in some European countries such as Portugal, Denmark, Ireland, and Norway in 2021 was 94.87, 49.33, 32.84, and 21.5 (in thousand), respectively. A large number of surgeries in developed European countries created a demand for medical cannulas used during surgeries, contributing to market growth. Furthermore, microcannulas remove more fat during aesthetic surgeries, so they are widely used in plastic and cosmetic surgery procedures.
Data Bridge Market Research analyses that the medical cannula market which is USD 445 million in 2022, is expected to reach USD 764.59 million by 2030, at a CAGR of 7.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Medical Cannula Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Cardiac Cannula, Vascular Cannula, Arthroscopy Cannula, Dermatology Cannula, Nasal Cannula, Others), Type (Neonatal, Straight, Winged, Wing with Port, Winged with Stop Cork), Medical Procedure (Vascular Access, Surgery, Intubation, Lipofilling, Suction, Irrigation, Biopsy, Insufflation, Hysterography, Insemination, Cardioplegia), Size (14G, 16G, 18G, 20G, 22G, 24G, 26G), Material (Latex, Latex-Free, Neoprene), End Users (Hospitals, Ambulatory Surgical Center, Clinics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Boston Scientific Corporation (U.S.), B. Braun SE (Germany), LivaNova PLC (U.K.), Teleflex Incorporated (U.S.), Conmed Corporation (U.S.), Sorin Group (Italy), Medtronic (Ireland), Harsoria Healthcare Pvt. Ltd. (India), Innovia Medical LLC (U.S.), Entrhal Medical GmbH (Germany), Terumo Corporation (Japan), BD (U.S.), Smith+Nephew (U.K.), Ypsomed Holding AG (Switzerland), Getinge AB (Sweden), Rose Medical (U.S.), Mondern Grinding (India) and AVALON TECHNOLOGIES LIMITED (U.S.)
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Market Opportunities
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Market Definition
Cannula is a flexible hollow tube with a sharp inner core that is implanted into an artery, vein, or other body cavity. The tube allows fluid to be drawn or medication to be given intravenously. It is typically used for procedures such as administering medication or collecting blood samples. They are widely used in cases of cardiovascular disease.
Medical Cannula Market Dynamics
Drivers
- Rising usage of medical cannula
Microcannulas remove more fat during aesthetic surgeries, so they are widely used in plastic and cosmetic surgery procedures. Globally, as the target population's interest in aesthetic appearances has grown, so the demand for aesthetic and plastic surgery rises. According to the International Society of Aesthetic Plastic Surgery (ISAPS) report published in January 2022, the top 5 aesthetic surgical procedures performed worldwide in 2020 were breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), rhinoplasty (852,554), and abdominoplasty (765,248). A high volume of aesthetic surgical procedures is expected to drive the adoption of cannulas used during aesthetic procedures. As a result, the market is expanding.
Opportunities
- Increasing number of orthopaedic surgical procedures
The increasing number of orthopaedic surgical procedures in the region's countries is expected to drive market growth during the analysis period. For instance, according to a report published in June 2021 by the Canadian Institute of Health Information (CIHI), 63,496 hip replacements and 75,073 knee replacements were performed in Canada between 2019 and 2020. According to the same source, there has been a 5% increase in knee and hip replacement procedures in the country in recent years. As a result, it is expected to fuel market growth even further.
Restraints/Challenges
- Lack of skilled labour
The undetermined regulatory framework in the medical device industry will stymie the growth of the medical cannula market from 2023 to 2030. The lack of skilled labour, combined with cannulation errors, will pose challenges to the market's growth during the forecast period.
This medical cannula market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical cannula market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2022, Gilde Healthcare, a healthcare technology investor, acquired the leading medical needle manufacturer EUROPIN to form a leading integrated contract manufacturer for tailor-made cannulas and cannula systems.
- In 2021, PDO Max launched a numbing cannula for painless PDO Thread Procedures. PDO Max's newest product, the Cannula Max, features a 21G x 100mm blunt numbing cannula that provides a convenient way to numb the track where polydioxanone (PDO) threads will be placed.
Global Medical Cannula Market Scope
The medical cannula market is segmented on the basis of product type, type, medical procedure, size, material and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Cardiac Cannula
- Vascular Cannula
- Arthroscopy Cannula
- Dermatology Cannula
- Nasal Cannula
- Others
Type
- Neonatal
- Straight
- Winged
- Wing with Port
- Winged with Stop Cork
Medical Procedure
- Vascular Access
- Surgery
- Intubation
- Lipofilling
- Suction
- Irrigation
- Biopsy
- Insufflation
- Hysterography
- Insemination
- Cardioplegia
Size
- 14G
- 16G
- 18G
- 20G
- 22G
- 24G
- 26G
Material
- Latex
- Latex-Free
- Neoprene
End Users
- Hospitals
- Ambulatory Surgical Center
- Clinics
- Others
Medical Cannula Market Regional Analysis/Insights
The medical cannula market is analyzed and market size insights and trends are provided by country, product type, type, medical procedure, size, material and end users as referenced above.
The countries covered in the medical cannula market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical cannula market because of the availability of advanced healthcare infrastructure and rising awareness about minimally invasive surgeries in this specific region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the presence of a large patient pool associated with a high proportion of geriatrics suffering from chronic diseases in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The medical cannula market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical cannula market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical cannula market. The data is available for historic period 2011-2021.
Competitive Landscape and Medical Cannula Market Share Analysis
The medical cannula market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical cannula market.
Some of the major players operating in the medical cannula market are:
- Boston Scientific Corporation (U.S.)
- B. Braun SE (Germany)
- LivaNova PLC (U.K.)
- Teleflex Incorporated (U.S.)
- Conmed Corporation (U.S.)
- Sorin Group (Italy)
- Medtronic (Ireland)
- Harsoria Healthcare Pvt. Ltd. (India)
- Innovia Medical LLC (U.S.)
- Entrhal Medical GmbH (Germany)
- Terumo Corporation (Japan)
- BD (U.S.)
- Smith+Nephew (U.K.)
- Ypsomed Holding AG (Switzerland)
- Getinge AB (Sweden)
- Rose Medical (U.S.)
- Mondern Grinding (India)
- AVALON TECHNOLOGIES LIMITED (U.S.)
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