Cannula Market Focusing on Key Participants as Medtronic, Edwards Lifesciences Corporation, Terumo Cardiovascular Systems Corporation, LivaNova PLC, Smith & Nephew, CONMED Corporation, Smiths Medical, etc

Market Research Future (MRFR)’s latest study reveals that the “Global Cannula Market”. By Product, by Material, by Application, End User - Forecast Till 2023

The Cannula Market is expected to have accounted for the market value of USD 113 million in 2017 and is projected to grow at a CAGR of 6.7% over the assessment period. Cannula is a thin tube used to administer medication, to remove fluid or to insert any surgical instrument in the body. Rising advancements in healthcare facilities, increasing prevalence of cardiovascular diseases and increasing number of general surgical procedures is anticipated to boost the growth of the market during the assessment period.

According to the World Health Organization, 17.9 million people died due to cardiovascular diseases (CVDs) in 2016. On the other hand, stringent government regulations may hinder the market growth during the forecast period.

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Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in product approvals, strategic collaborations and acquisitions to strengthen their market position. For instance, in November 2015, MC3 cardiopulmonary acquired the surgical cannula line of Terumo Cardiovascular Systems Corporation.

On the regional basis, the global market in the Americas is segmented into two major regions, i.e., North America and South America. The North American region is likely to hold the major share in the global cannula market owing to the rapid adoption of new technologies and rising number of different types of surgeries.

Segments:

The global cannula market has been segmented into product, material, application and end user.

According to a report published by The American Society for Aesthetic Plastic Surgery, aesthetic surgical procedures increased by 11% in 2017. The European region is anticipated to be the second largest due to well-developed healthcare infrastructure and rising adoption of new technologies. The Asia-Pacific region is anticipated to be the fastest growing region due to the rising patient pool and increasing technological advancements. Middle East and Africa is anticpated to hold the least market share.

Top players:

Some of the prominent players in the global cannula market are 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.

Regional Analysis:

Geographically, the Americas is expected to dominate the global market owing to the easy availability of advanced healthcare infrastructure and rising awareness about minimally invasive surgeries. According to a report published by the American Society of Plastic Surgeons, in the US, total cosmetic minimally-invasive procedures performed were 15,714,118 in 2017. This number was 2% more as compared to 2016.

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Europe is expected to hold the second largest position in the global market owing to the rising number of cardiovascular surgeries. Asia-Pacific is expected to be the fastest growing market owing to the presence of a large patient pool and increasing geriatric population requiring surgeries.

According to an article published by the Asian Development Bank in January 2017, Asia’s elderly population is estimated to reach nearly 923 million by the middle of the century. Moreover, the Middle East and Africa region is expected to account for the least market share in the global market.

Some Points from TOC of Cannula Market Research Report - Global Forecast till 2023:



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

TOC CONTINUED….

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