Cannula Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Cannula market size is expected to be worth around US$ 312.0 million by 2030, according to a new report by Vision Research Reports.

The global Cannula market size was valued at US$ 212.4 million in 2020 and is anticipated to grow at a CAGR of 9.5% during forecast period 2021 to 2030.

Growth Factors

Increasing demand for minimally invasive surgeries, a growing number of surgeries among the geriatric population, advancement in healthcare facilities, and rising government support and R&D investments are anticipated to drive the cannula market.

The market is also driven by the increasing prevalence of lifestyle-related diseases such as obesity. Market players are continuously involved in introducing new technologies to cater to this trend. PROTEK Duo cannula, new injection molding technology, and single-use cannulas for surgery is one such example.

Key players operating in the market are using different strategies such as new product development, investment in R&D, acquisitions, partnerships, joint ventures, and agreements to increase their foothold in this market.

The cannula market in developed economies, such as the U.S., Germany, France, and Australia, is comparatively mature owing to the presence of well-established market players in these countries and high demand for such products.

Report Highlights

On the basis of product, the market can be segmented into cardiac (arterial, venous, cardioplegia, and femoral), dermatology, nasal, and others. The cardiac segment held a lucrative market share in terms of revenue in 2017. This may be attributed to the high prevalence rate of cardiovascular diseases.

The dermatology segment is anticipated to gain significant market share over the forecast period, exhibiting the fastest CAGR through 2026. The segment held over 20.0% of the total market in 2020. This growth can be attributed to the increasing use of microcannula in order to avoid complications during and after procedures. Additionally, a rise in cosmetic surgery is likely to boost this segment. In the U.S., nearly 15.7 million cosmetic minimally invasive surgeries were performed in 2020 alone. This increasing penetration of MIS will benefit segment growth over the forecast period.

Based on type, the market is segmented into neonatal, straight, winged, wing with port, and winged with stop cork. Straight cannulas held a lucrative market share in 2020. This can be attributed to its simple and straight design. Its extra-sharp needle makes it easier to insert.

Neonatal cannulas are anticipated to grow at a steady pace over the forecast period due to the increasing prevalence of respiratory problems among newborns. Its soft and flexible nature makes it suitable for neonatal use in high flow oxygen therapy.

On the basis of material, the market is segmented into plastic, metal, and silicone. The plastic segment held the dominant share of over 50.0% in 2020. Its extensive usage in general surgeries, in both in-patient and out-patient procedures, is the key factor driving this segment.

The silicone segment is expected to grow at the fastest rate in the global cannula market. This is due to their high usage rate in oxygen therapies, to ensure a continuous supply of oxygen to patients during surgery and people suffering from respiratory disorders. In addition, silicon cannulas are flexible and soft, making them a preferred choice for application among doctors as well as patients.

The market is fragmented based on gauge size into 14G, 16G, 18G, 20G, 22G, 24G, and 26G. Different sized cannulas are represented by specific colors. For instance, orange and green represent the sizes 14G and 18G, respectively. The 18G sized segment accounted for the largest market share in 2020. This is the most commonly used product in hospitals for adults and adolescents.

The 22G sized segment is anticipated to witness the fastest growth throughout the forecast period, owing to its small gauge size, which allows the faster flow of fluid in children and in patients with complicated veins.

Cannulas are used in hospitals, ambulatory surgical centers (ASC), blood banks, laboratories, pathology labs, and other healthcare settings. The hospital segment held the dominant share of 53.5% in 2020. This market share is attributed to an increase in the hospitalization rate. In hospitals, cannulas are used in general surgery, orthopedic surgery, cardiovascular surgery, dermatology, neurology, gynecology, oxygen therapy, and many more.

Ambulatory surgical centers are expected to gain significant market share over the forecast period, which can be attributed to increasing demand for modern healthcare facilities that do not require an overnight stay.

North America led the global market in 2020 and is anticipated to witness the same trend over the forecast period. This can be attributed to the availability of advanced healthcare infrastructure and greater awareness about minimally invasive surgeries among patients and physicians.

Key Players

Medtronic, Becton Dickinson (BD), Edward Lifesciences, LivaNova, Smiths Medical, and Boston Scientific Corporation

Market Segmentation

  • Product Outlook 

    • Cardiac

      • Arterial

      • Venous

      • Cardioplegia

      • Femoral

    • Dermatology

    • Nasal

    • Others

  • Type Outlook 

    • Neonatal

    • Straight

    • Winged

    • Wing with port

    • Winged with stop cork

  • Material Outlook 

    • Plastic

    • Metal

    • Silicone

  • Size Outlook 

    • 14G

    • 16G

    • 18G

    • 20G

    • 22G

    • 24G

    • 26G

  • End-use Outlook 

    • Hospital

    • Ambulatory Surgical Centers

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

The Cannula market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Cannula market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Cannula market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cannula market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cannula market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Cannula capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Cannula by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cannula market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cannula market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cannula market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Cannula industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The 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 Cannula market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cannula market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cannula market. These factors have benefited the growth of the global market for Cannula. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cannula. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Cannula are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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