Press release
Medical Cannula Market is likely to reach US$ 784 million by 2030
The medical cannula market is likely to reach US$ 784 million by 2030, according to a latest report by ESOMAR-certified firm, Future Market Insights.The report offers detailed insights on the medical cannula landscape, charting the key influencing factors in 20+ countries. A comprehensive profiling of the leading players in the medical cannula market is also included in the report.
According to the study, growing preference for minimally-invasive procedures is likely to provide an impetus to market growth over the forecast period. Sensing the opportunities, manufacturers are focusing on launching affordable, yet safe products in the market.
To remain ‘ahead’ of your competitors, request for a sample - https://www.futuremarketinsights.com/reports/sample/REP-GB-1057
Advancement in technology is being tried out by medical cannula market players. For instance – bi-flow cannulation is being put into practice to facilitate simultaneous distal and systemic perfusion.
In terms of material, Arthroscopic Innovations LLC, in the year 2019, developed super-V cannula for arthroscopy. Nitinol (alloy of nickel and titanium) is used to manufacture this cannula. The distinct features include being small, superelastic, and less traumatic.
Covid-19 Impact on Medical Cannula Landscape
The impact of COVID-19 is being felt by medical cannula industry. However, as compared to other industries, the impact has been milder, as healthcare is an essential service.
The decline from hospitals has been compensated to a certain extent by homecare settings, but medical cannula manufacturers will be hoping for a quick recovery in 2021.
For critical insights, request for PDF Brochure - https://www.futuremarketinsights.com/reports/brochure/rep-gb-1057
Key Takeaways of Medical Cannula Market Study
- IV cannula accounts for nearly 75% revenue share of the medical cannula market
- Vascular access will consistently hold 30% revenue share during the assessment period
- 18G size is expected to account for close to 50% of market share followed by 20G size
- North America holds the largest revenue share due to novel product launches and approvals
Inorganic growth strategies like acquisitions are emphasized by key players to substantiate themselves in the medical cannula market.
Read Full Report - https://www.futuremarketinsights.com/reports/medical-cannula-market
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About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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