Increase In General Surgical Procedures to Augment the Cannula Market Growth

A cannula is simply a long tube which is inserted into the body, most often for the removal or delivery of liquid or for the collection of bodily samples. It is attached to the outer or inner surfaces of an endoscope thus increasing the effective length of the instrument by at least helf the length of the actual needle. The tube is then slowly retracted as far as possible until the tube remains empty. The length and type of cannula depend on the material to be collected. For instance, mucus can only be collected with a cannula which is about 2 inches long.

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Market Dynamics:

Increase in general surgical procedures and the growing geriatric population worldwide is expected to propel the growth of the cannula market. For instance, according to the World Health Organization (WHO), the world's population aged 60 years and older is expected to total 2 billion by 2050, up from 900 million in 2015.

Moreover, increasing demand for cannula in the healthcare sector and increased patient preference for minimally invasive surgeries is expected to augment the growth of the cannula market. For instance, around 80% of all hospital staff can be saved from needle stick injuries if safety cannula are made mandatory in hospitals, according to WHO.

The emergence of COVID-19 (coronavirus) is expected to offer lucrative growth opportunities for players in the cannula market. For instance, in 2020, Nocca Robotics launched Noccarc H210, high-flow oxygen therapy device for critical care treatment of COVID-19 patients. Noccarc H210 helps patients with respiratory issues breathe comfortably through nasal cannula

Competitive Analysis:

Major players operating in the cannula market are Smith & Nephew, Biotek (Chetan Meditech Pvt. Ltd.), Goodhealth Inc., Micromed International, Dolphin Surgicals, Conmed Corporation, Teleflex Incorporated, Boston Scientific Corporation, Terumo Corporation, Medtronic Plc., Edward Lifescience Corporation, Sorin Group, and Maquel Holding B.V. & Co. KG.

In August 2020, 3B Medical unveiled the Freedom X, a prong-free oxygen cannula aimed at abate nose irritation for patients.

In May 2020, Medtronic launched Kyphon Assist Directional Cannula in the United States for use with its balloon kyphoplasty (BKP) products to treat vertebral compression fractures due to osteoporosis, cancer or benign lesions.

In July 2019, LivaNova launched Bi-Flow, an arterial femoral cannula, to prevent limb ischemia during cardiac surgery that requires femoral artery cannulation.

In January 2019, Hindustan Syringes and Medical Devices (HMD) launched the next-gen Cathy Safety IV Cannula with SIP CLIP, for preventing needle stick injuries.

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