Cannula Market Size, Growth Strategies 2022-28

The global cannula market size was valued at USD 145.9 Million in 2021 and is expected to grow at a significant CAGR of 6.1% during the forecast period 2022 to 2028. A cannula is a tiny hollow tube with a pointy, retractable inner core that is put into a vein, artery, or bodily cavity to deliver medicine and take fluids out of the body. There are many cannula kinds that can be used for various surgeries. An intravenous cannula, for instance, is used in heart surgery to create cardiopulmonary bypass. Similar to this, oxygen is given through a nasal cannula by running the plastic tube under the nose. Additionally, it is frequently used for injecting fillers since, as compared to hypodermic needles, it causes less pain, lowers the chance of bleeding and bruising, and offers greater flexibility.

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Cannula Market Growth Factors:
One of the key factors propelling the growth of the cannula market is the rise in newborn mortality rates across the globe. The government's initiatives to make primary healthcare services available to the populace at accessible prices and the rise in awareness of minimally invasive procedures promote market growth for cannulas. The market for cannulas is also impacted by the rise in medical conditions brought on by sedentary lifestyles, alcohol and tobacco use, bad eating patterns, and better healthcare infrastructure in emerging nations. The cannula market is also benefited from changes in consumer lifestyles, the rise in the elderly population, increased knowledge of various ailments, and rising healthcare costs. The rise in cannula demand in home healthcare and emerging markets also present lucrative potential to the cannula market's competitors throughout the forecast period. On the other hand, it is anticipated that the medical device industry's hazy regulatory environment will restrain the expansion of the cannula market. During the forecast period of 2021-2028, the cannula market is expected to face challenges because of the intense competition.

The global cannula market segmentation:
1) By Product Type: Nasal Cannula, Vascular Cannula, Venous Cannula, Cardiac Cannula, Arthroscopy Cannula, Intravenous Cannula, Dermatology Cannula, Others.
2) By Application: Orthopedics Surgery, General Surgery, Cardiovascular Surgery, Plastic Surgery, Oxygen Therapy, Others.
3) By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Others.

Cannula Market Regional Analysis:
Due to population growth, an increase in the number of patients undergoing various surgical operations, and an increase in the prevalence of lifestyle-related disorders like obesity, North America is predicted to have the largest market share, followed by Asia Pacific. The primary reason fueling the growth of the cannula market is the usage of cannulas for surgical purposes in healthcare.

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Major players working in the global cannula market are Medtronic, Smith & Nephew, Edwards Life sciences Corporation, Terumo Cardiovascular System Corporation, LivaNova PLC, CONMED Corporation, McKesson Medical-Surgical Inc., ISPG Inc., Denex International

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