Medical Cannula Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Medical Cannula Market is Segmented by Product (Cardiac, Vascular, Arthroscopy, Nasal, and Others), Type, Application, Material, End-User, and Geography

Market Snapshot

Medical Cannula Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >6.5 %
Medical Cannula Market Key Players

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Market Overview

The major factors attributing to the growth of the market are the increasing number of patients undergoing minimally invasive surgery (MIS) procedures along with the rise in the geriatric population, reduced duration of time, and quicker patient recuperation. Also, the increasing prevalence of lifestyle-induced diseases such as obesity, cardiac, and diabetic diseases which demand the requirement for cannula are expected to contribute to lucrative growth during the forecast period. For instance, “Global Health And Wellness Report,” says that about 40% of the adult population in the United States have been diagnosed with a cardiovascular condition. Furthermore, an increase in the R&D investment by manufacturers with a strong pipeline of products and services along with increasing government and corporate funding in R&D are likely to fuel the growth of the global market.

However, the growth of the medical cannula market is expected to restain due to injuries and complications associated with improper cannula stabilization causing reluctance to patients.

Scope of the Report

As per the scope of the report, Medical Cannula is a hollow, flexible surgical tube with a sharp inner core that is inserted into an artery or a vein, or another body cavity to draw off the fluid or to introduce medication intravenously for treatment or medical investigational procedures like infusing medication or obtaining blood samples.

Product
Cardiac
Vascular
Arthroscopy
Nasal
Others
Type
Neonatal
Straight
Winged
Others
Application
Cardiovascular
Oxygen Therapy
Orthopaedic
Neurology
Others
Material
Silicone
Plastic
Metal
End-User
Hospital
Ambulatory Surgical Centers
Others
Geography
North America
United states
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Cardiac Cannula in Product Segment is Expected to Hold the Largest Market Share in the Medical Cannula Market

The cardiac cannula segment has been accounted for the largest market share in recent years and expected to do so over the forecast period. This dominance is owing to the high incidence rate of cardiovascular diseases and the huge number of hospital admissions associated with cardiac conditions. For instance, according to The American Heart Association, in 2018, nearly 92.1 million individuals in the U.S. suffered from cardiovascular diseases resulted in higher demand for the cardiac cannula, which drives the market in the region.

Medical Cannula Market Key Trends

North America Dominates the Market and Expected to do Same in the Forecast Period.

North America is expected to dominate the Medical Cannula market, throughout the forecast period. The dominance is due to a higher rate of numerous diseases and disorders, highly advanced technology, and established healthcare infrastructure providing the MIS techniques.

Followed by North America, Europe accounts for the second-highest market revenue due to factors such as the ongoing research and development activities and huge patient pool in the region which generates high demand for surgeries.

Asia Pacific region is set to grow at the fastest rate during the forecast period, driven by enhanced awareness about MIS techniques in countries such as China, India, and Japan. China plays a pivotal role due to its high population and high extent of government support to the healthcare sector.

Medical Cannula Market Growth by Region

Competitive Landscape

The medical cannula market is moderately competitive and consists of several major players. Some of the companies are expanding their market position and while others are adopting various strategies such as acquisitions, mergers, and introducing new products to maintain their market share. For Instance, In July 2019, LivaNova introduced a new line of femoral arterial cannula called Bi-Flow, designed to allow stable bidirectional perfusion, and the only femoral arterial cannula designed to prevent limb ischemia. This new device is available in several markets, including Europe and Canada. Also, the company is looking forward to expanding its market in the US, increasing its market share in the industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Number of Surgeries and Minimally Invasive Procedures Along with Rising Patient Pool

      2. 4.2.2 Recent Developments in Cannula that Ensure Reduced Procedural Time Enabling Quicker Patient Recuperation

    3. 4.3 Market Restraints

      1. 4.3.1 Risk of Injury to Nerve and Other Complications Such as Niddlestick Injury Due to Improper Stabilization of Cannulae

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Cardiac

      2. 5.1.2 Vascular

      3. 5.1.3 Arthroscopy

      4. 5.1.4 Nasal

      5. 5.1.5 Others

    2. 5.2 Type

      1. 5.2.1 Neonatal

      2. 5.2.2 Straight

      3. 5.2.3 Winged

      4. 5.2.4 Others

    3. 5.3 Application

      1. 5.3.1 Cardiovascular

      2. 5.3.2 Oxygen Therapy

      3. 5.3.3 Orthopaedic

      4. 5.3.4 Neurology

      5. 5.3.5 Others

    4. 5.4 Material

      1. 5.4.1 Silicone

      2. 5.4.2 Plastic

      3. 5.4.3 Metal

    5. 5.5 End-User

      1. 5.5.1 Hospital

      2. 5.5.2 Ambulatory Surgical Centers

      3. 5.5.3 Others

    6. 5.6 Geography

      1. 5.6.1 North America

        1. 5.6.1.1 United states

        2. 5.6.1.2 Canada

        3. 5.6.1.3 Mexico

      2. 5.6.2 Europe

        1. 5.6.2.1 Germany

        2. 5.6.2.2 United Kingdom

        3. 5.6.2.3 France

        4. 5.6.2.4 Italy

        5. 5.6.2.5 Spain

        6. 5.6.2.6 Rest of Europe

      3. 5.6.3 Asia-Pacific

        1. 5.6.3.1 China

        2. 5.6.3.2 Japan

        3. 5.6.3.3 India

        4. 5.6.3.4 Australia

        5. 5.6.3.5 South Korea

        6. 5.6.3.6 Rest of Asia-Pacific

      4. 5.6.4 Middle-East and Africa

        1. 5.6.4.1 GCC

        2. 5.6.4.2 South Africa

        3. 5.6.4.3 Rest of Middle East and Africa

      5. 5.6.5 South America

        1. 5.6.5.1 Brazil

        2. 5.6.5.2 Argentina

        3. 5.6.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 LivaNova PLC

      3. 6.1.3 Edwards Lifesciences Corporation

      4. 6.1.4 Smiths Medical

      5. 6.1.5 Becton, Dickinson and Company

      6. 6.1.6 Terumo Cardiovascular Group

      7. 6.1.7 Teleflex Incorporated

      8. 6.1.8 CONMED Corporation

      9. 6.1.9 Smith & Nephew plc

      10. 6.1.10 Boston Scientific Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Medical Cannula Market market is studied from 2018 - 2026.

The Medical Cannula Market is growing at a CAGR of >6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Edwards Lifesciences Corporation, LivaNova PLC, Medtronic PLC, Becton, Dickinson and Company, Smiths Medical are the major companies operating in Medical Cannula Market.

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