Cannula Market

Cannula Market Outlook (2022-2027)

Worldwide sales of cannulas are predicted to accelerate at a CAGR of 6.2% from 2022 to 2027. In 2022, the global cannula market is valued at US$ 185 million and is projected to reach a market size of US$ 250 million by 2027.

Demand for cardiac cannulas is anticipated to increase at a CAGR of 6.5% due to the high number of hospital admissions related to cardiac surgeries across the world.

Report Attributes	Details
Cannula Market Size (2022)	US$ 185 Million
Projected Market Value (2027)	US$ 250 Million
Global Market Growth Rate (2022-2027)	6.2% CAGR
Market Share of Cardiac Cannulas	45%
Key Companies Profiled	Ambler Surgical ASICO LLC Medtronic PLC Bausch & Lomb, Inc. Beacon Medical Stryker Corporation Becton, Dickinson and Company Boston Scientific Corporation Cannuflow, Inc. ConMed Corporation B. Braun Melsungen AG Edwards Lifesciences Corp. Fisher & Paykel Healthcare Ltd.

Sales Analysis of Cannulas (2017-2021) Vs. Market Estimates (2022-2027)

“Increasing Prevalence of Lifestyle-induced Diseases Driving Demand for Cannulas”

According to Fact.MR, a market research and competitive intelligence provider, demand for cannulas is expected to propel at a CAGR of 6.2% from 2022 to 2027.

A cannula is a flexible, hollow tube with a retractable inner core that is inserted into a bodily cavity such as a vein or artery. The tube allows for the intravenous administration of medication or the drawing of liquids. Typically, it is used for procedures such as administering medication or taking blood samples.

The demand for cannulas is primarily driven by the fact that their use shortens procedure times and hastens patient recovery. The medical cannula market is anticipated to grow profitably during the forecast period due to rising investments by government organizations for research and development, an increase in the number of patients undergoing surgical procedures, improvements in healthcare facilities, and an increase in the number of surgeries performed on the geriatric population.

Rising demand for minimally-invasive surgery procedures, increasing prevalence of lifestyle-induced diseases such as obesity, and the introduction of new technologically advanced products are driving the syringes and cannulas market growth.

Which are the Prominent Drivers of the Cannula Market?

“Rising Adoption of Modern Cannulas with Improved Features”

The evolution of the healthcare system in developing markets as well as the rise of a variety of health diseases caused by sedentary lifestyles, poor eating habits, alcohol consumption, smoking, and other factors are also projected to drive the global cannula market.

Demand for cannulas is also being greatly fueled by the rising popularity of aesthetic operations and the expanding influence of social media. The worldwide cannula market is also projected to be driven by improved healthcare facilities and rising policies by government organizations for delivering basic healthcare services.

One of the key factors propelling market growth is the rise in newborn mortality rates across the globe. The market also benefited from changes in consumer lifestyles, the rise in the elderly population, increased knowledge of various ailments, and rising healthcare expenditure. In addition, growing cannula demand in home healthcare and emerging markets offers lucrative prospects to cannula market competitors over the projection period.

Market expansion is attributed to the increase in the number of patients undergoing various surgical operations. Modern cannulas with improved features enable quicker patient recovery and reduced operation times. The expansion of the cannula market is also projected to be boosted by the expanding availability of such medical devices. The market will continue to rise as a result of factors such as increased consumer awareness and numerous government initiatives around the world to offer basic healthcare services at reasonable prices.

“Huge Demand for Minimally-invasive Procedures”

The popularity of minimally-invasive surgeries is rising in the healthcare sector. Demand for minimally-invasive operations for the treatment of cardiovascular disorders has rapidly increased. This is because minimally-invasive procedures result in less surgical trauma and have better cosmetic outcomes. It has benefits such as smaller scars, lower infection risks, fewer incisions, less bleeding, and less pain and trauma. As a result, people are increasingly choosing minimally-invasive procedures, which is predicted to fuel the cannula market expansion.

Additionally, increased government and corporate financing in R&D as well as increased R&D investment by manufacturers with a solid pipeline of goods and services are projected to support the expansion of the global market.

Reusable peripheral intravenous access IV cannulas are projected to have a beneficial impact on the industry in terms of procedural outcomes and acceptance.

According to environmental and regulatory dynamics, as well as industry and macroeconomic factors, the market for medical cannulas is subject to change. Improvements in existing product profiles, such as the addition of needle safety shields to minimize needlestick injuries, are the most significant advances in the market. Manufacturers are also patenting updated items to strengthen their position in the market.

Cannulas have benefited greatly from recent innovations. The development of devices with built-in needle-stick protection, improved lubrication technology, and the usage of multi-hole suction cannulas have all increased the demand for disposable cannulas globally.

In high-flow oxygen therapy for acute respiratory failures, high-flow nasal cannulas are anticipated to be widely used. It is anticipated that the particular advantages of high-flow nasal cannulas and patients' growing acceptance of this strategy are expected to boost the high-flow nasal cannula market growth.

The expansion of clinics in emerging economies is being facilitated by improvements in the healthcare infrastructure. As more developing countries create medical devices, the use of syringes and cannulas will grow in popularity.

What Obstacles Do Cannula Providers Need to Overcome?

“Lack of Skilled Professionals & Cannulation Mistakes”

Patient resistance and the injuries and consequences related to poor cannula stabilization are hampering market growth.

The uncertain regulatory environment in the medical device business is preventing this market from expanding. A shortage of skilled professionals and cannulation mistakes are projected to impede market expansion over the projection period.

How are New Market Entrants Increasing their Revenue Share?

“Start-ups Making Investments in R&D Projects to Offer Top-notch Products”

New entrants are making investments in R&D projects to release top-notch products. New companies are focusing on creating products that are both inexpensive and of excellent quality.

• Masimo introduced softFlow high-flow nasal cannula therapy in the U.S. To help patients who are actively breathing, it delivers high-flow, warmed, and humidified nasal respiratory gases. The system creates a steady high flow of warm, humidified air or an air/oxygen combination for adult patients who require high-flow respiratory support using a soft nasal cannula.

Aspiring market players should follow such advancements to increase their revenue share.

Why is Demand for Cannulas Higher in North America?

“Rising Adoption of Modern Healthcare Services Boosting Cannula Market Share in North America”

North America leads the cannula market. The market is expanding due to factors such as rising demand for aortic cannula systems, a well-established healthcare infrastructure, and an increase in the number of infectious diseases and disorders.

The market is expanding as a result of the rising adoption of modern healthcare services and increasing awareness of minimally-invasive procedures among patients and clinicians.

Country-wise Insights

How is the Market for Cannulas Progressing in the U.S.?

“Supportive Government Efforts for Development of Medical Devices”

Cannulas are approved and commercialized at a high rate in the U.S. The developed healthcare system in the country has also attracted a significant number of patients seeking complex procedures, spurring market expansion.

Market growth is being fueled by rising demand for nasal cannulas and silicone cannulas, the existence of important industry players, the availability of strong healthcare facilities, supportive government efforts for the development of medical devices, and the rising adoption of cosmetic surgeries.

Why is China Witnessing High Sales of Cannulas?

“Increase in Lifestyle-related Disorders Driving Market Value in China”

The cannula market in China is expected to rise at a CAGR of 9% over the forecast period. The market is increasing as a result of an increase in lifestyle-related disorders, including obesity, an increase in population, and the strong backing of the government in the health sector.

The geriatric population in China is likely to increase significantly, creating a huge patient pool with people suffering from chronic conditions such as diabetes and cardiovascular disease. As a result, the cannula market in China is anticipated to rise. Increased government attempts to implement advantageous healthcare policies, particularly in rural regions, and the growing usage of arthroscopy cannulas are the factors supporting market expansion.

Category-wise Insights

Which Cannula Type Will Reinforce Overall Industry Growth?

“Increasing Prevalence of Cardiovascular Disorders Driving Demand for Cardiac Cannulas”

Based on product, the cannula market is divided into cardiac, dermatology, nasal, and others. Cardiac cannulas account for 45% share of the global market owing to the prevalence of cardiovascular disorders.

The prevalence of cardiovascular disease is increasing as a result of factors such as an increased shift toward unhealthy lifestyles, intake of packaged foods, and lower levels of exercise. Additionally, a considerable increase in cardiovascular illnesses is being caused by an increase in the senior population, which is more likely to develop these diseases. Therefore, the primary cause of the cardiac segment's dominance in the cannula market is the increase in the prevalence of cardiovascular disorders.

Why are Straight Cannulas Most Widely Utilized?

“Growing Usage of Straight Cannulas Owing to Their User-friendly Design”

Based on type, the cannula market is classified into straight, winged, wing with port, winged with stop cork, and neonatal.

Straight cannulas are expected to register the highest CAGR during the forecast period due to their user-friendly design. Additionally, the product's extra-sharp needle makes insertion simpler. Therefore, these cannulas are utilized in cardiac procedures to prevent errors and reduce needless waiting time that could lengthen the overall procedure.

Will Hospitals Continue to Hold a Significant Market Share?

“Availability of Wide Range of Specialty Departments in Hospitals”

The cannula market is segmented into hospitals, ambulatory surgery centers, and others based on the end user.

An increase in hospitalizations for a variety of conditions and therapies and a rise in the number of patients and people undergoing minimally-invasive operations are the factors driving the demand for cannulas in hospitals. In hospitals, cannulas are utilized in a wide range of specialty departments, including cosmetology, cardiothoracic surgery, gynecology, neuroscience, orthopedic surgery, and many more.

Competitive Landscape

Major players in the cannula market are concentrating on introducing new items that will allow them to build a robust portfolio and solidify their market position. Key manufacturers are making an effort to diversify their product lines into emerging economies.

For instance :

• LivaNova released a new range of femoral arterial cannulas named Bi-Flow to ensure constant bidirectional perfusion and the only femoral artery cannula created to prevent limb ischemia.

Key Segments Covered in Cannula Industry Research

• By Product :

  • Cardiac
  • Dermatology
  • Nasal
  • Others

• By Type :

  • Straight
  • Winged
  • Wing with Port
  • Winged with Stop Cork
  • Neonatal

• By Material :

  • Plastic
  • Metal
  • Silicone

• By End User :

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa