Competitive Landscape for Cannula Market by Global Industry Segments - 2024

Cannula is a hollow tube with a retractable, sharp inner core inserted into an artery or a vein, or another body cavity to draw off fluid or to introduce medication intravenously. Increasing number of surgeries and minimally invasive procedures coupled with rising patient pool and improving health care infrastructure and conditions in emerging economies are some of the major reasons driving the cannula market. Cannula market is segmented depending upon the types of cannula for diverse applications, sizes of the cannula and the material used for its manufacture.

In this report, the global market for cannulae has been studied on the basis of the type and size of the cannulae as well as the raw material used to manufacture them. Based on the type of cannula, the market has been classified into cardiac cannulae, arthroscopy cannulae, vascular cannulae, nasal cannulae, dermatology cannulae, and other types of cannulae such as vitreoretinal cannulae, floating spinal cannulae, and hysterosalpingography cannulae. The cardiac cannulae segment has led the overall market in the last few years, owing to the increasing incidence of cardiovascular disorders across the world.

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By raw material, the market has been segmented into silicone, metal, and plastic. The demand for cannulae made from silicone is expected to register the fastest growth in the global market for cannulae. The increasing popularity of silicone cannulae, owing to the non-irritant nature of silicone, is boosting this segment significantly. Along with this, the softness and flexibility of these cannulae, which make their application easy, are also driving the growth of this market, notes the research study.

On the basis of size, the worldwide market for cannulae has been classified into violet (26G), yellow (24G), blue (22G), pink (20G), green (18G), grey (16G), and orange (14G) in this study.

The report has also analyzed the global cannula market on the basis of its regional distribution and identified North America, Europe, Asia Pacific, and the Rest of the World as the major regional markets for cannulae. Technical advancements, as well as infrastructural developments in the medical and healthcare sector, are propelling the cannula market in North America and Europe.

Asia Pacific is also exhibiting remarkable growth in its market share owing to the rising prevalence of various chronic diseases in this region. Analysts expect this regional market to witness a steady rise over the forecast period on account of the increasing pool of patients needing surgical procedures.

Edward Lifesciences Corp., Sorin Group, Medtronic Plc, Conmed Corp., Smith & Nephew, Teleflex Inc., MAQUET Holding B.V. & Co. KG, Boston Scientific Corp., and Terumo Corp. are the leading manufacturers of cannulae in the global market, states the research report.

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