The rapidly growing global geriatric population is playing a vital role in the growth of the global cannula market. Aged people are more susceptible to chronic and infectious diseases, which leads to increased number of surgeries among them. Moreover, the growing preference towards minimally invasive surgeries is creating an upswing in the demand for cannulas. On the flip side, the complex and uncertain regulatory framework in the medical device industry is impeding the growth of the market. However, the increasing trend of home healthcare is opening new avenues for cannula manufacturers.
On the basis of material, the global cannula market can be divided into silicone, plastic, and metal. The demand for silicone in the manufacturing of cannula will remain strong throughout the forecast period. The non-irritant nature of the material, along with its flexibility and softness, is making its application more manageable and comfortable for healthcare professionals as well as patients.
Based on size, the market can be classified into violet (26G), yellow (24G), blue (22G), pink (20G), green (18G), grey (16G), and orange (14G). The size of the cannula to be applied is decided by considering patient age and physique. The smaller the gauge of the cannula, the larger is the diameter and the greater is the fluid flow. In terms of cannula type, the market is classified into nasal, dermatology, cardiac, arthroscopy, and vascular. Cardiac cannula will account for a large share in the revenue pie throughout the same period. The growing prevalence of cardiac disorders, along with high rates of hospitalization of cardiac patients, is the primary growth stimulant of the segment. According to the World Health Organization (WHO) states that cardiovascular diseases are the leading cause of deaths globally every year.
The key regions analyzed in the report are North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America. North America will be a major revenue contributor during the review period. The rising incidence of cardiac disorders and the presence of an advanced healthcare infrastructure are driving the growth of the region. Asia Pacific, on the other hand, is expected to register a noteworthy CAGR during the same period. The growth of the region can be attributed to the expanding base of middle-class population along with their increasing spending power. The rising awareness regarding MIS techniques and improving healthcare infrastructure are also contributing to the growth of the region.
Some of the prominent companies operating in the global cannula market are Teleflex Incorporated, Boston Scientific Corporation, Sorin Group, Conmed Corporation, Medtronic Plc., Edward Lifescience Corporation, Smith & Nephew Plc., Smiths Medical, Terumo Corporation, and Maquet Holding B.V. & Co. KG.
Browse Research Report on Cannula Market – http://www.transparencymarketresearch.com/cannula-market.html