The global medical cannula market is on a trajectory of significant expansion, driven by the growing demand for minimally-invasive medical procedures. According to recent market analysis, the medical cannula market is projected to achieve a robust valuation of USD 783.5 million by 2030, reflecting a notable Compound Annual Growth Rate (CAGR) of 7.3%.
As of 2022, the market was valued at USD 445 million. This growth is attributed to the rising preference for minimally-invasive surgical techniques, which are increasingly favored for their benefits including reduced trauma, quicker recovery times, and improved patient outcomes. The shift towards less invasive procedures is a key factor propelling the demand for medical cannulas, as healthcare providers and patients alike seek methods that minimize surgical impact and enhance overall recovery experiences.
“This projected growth underscores the pivotal role of medical cannulas in modern healthcare practices,” stated FMI. “As the industry embraces advancements in minimally-invasive technologies, the market for medical cannulas is set to expand significantly, catering to the rising demand for more efficient and patient-friendly surgical solutions.”
The surge in demand for medical cannulas is reflective of broader trends in healthcare, where innovation continues to drive improvements in patient care and procedural outcomes. With ongoing advancements in medical technology and a growing preference for less invasive interventions, the global medical cannula market is poised to play a crucial role in shaping the future of surgical practices worldwide.
Key Takeaways: Global Medical Cannula Market
- The global medical cannula market is expected to reach USD 783.5 million by 2030, driven by a growing preference for minimally invasive surgeries (7.3% CAGR).
- North America leads the market (45.5% share in 2022) due to a high prevalence of diseases, advanced medical technology, and strong healthcare infrastructure.
- Europe follows with a significant market share (25.8% in 2022) due to continuous research and development and a large patient population.
- Asia Pacific is projected to experience the fastest growth due to rising awareness of minimally invasive surgeries, particularly in China, India, and Japan. China’s large population and government healthcare support play a key role in this growth.
- Latin America and the Middle East & Africa are expected to see increasing market share, though from a smaller base (7.4% and 2.3% in 2022, respectively).
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Competitive Landscape:
Prominent companies in the medical cannula market employ a variety of strategies to enhance revenue across diverse regions, including acquisitions, mergers, expansions, collaborations, and product launches.
These companies are increasingly focusing on developing and underdeveloped regions, aiming to broaden their product portfolios in emerging and low-income countries.
Key Companies Profiled:
- Boston Scientific Corporation
- Medtronic plc.
- Becton, Dickinson and Company
- Teleflex Incorporated
- Conmed Corporation
- Stryker Corporation
- B. Braun Melsungen
- Terumo Corporation
- Smith & Nephew
- Getinge Group
- LivaNova plc.
- Ypsomed Holding AG
- Harsoria Healthcare Pvt. Ltd.
- Beaver-Visitec International
- DTR Medical Ltd.
- CosmoFrance Inc.
Key Segments of Medical Cannula Industry Survey:
Medical Cannula Market by Product:
- Guedel
- Yankauer
- Berman
- Frazier
- Spackmann
- Barron
- Novak
- Poole
- Robertazzi
- Bellucci
- Brackman
- Karman
- Others
Medical Cannula Market by Medical Procedure:
- Vascular Access
- Surgery
- Intubation
- Lipofilling
- Suction
- Irrigation
- Biopsy
- Insufflation
- Hysterography
- Insemination
- Cardioplegia
Medical Cannula Market by Size:
- 14G Medical Cannulas
- 16G Medical Cannulas
- 18G Medical Cannulas
- 20G Medical Cannulas
- 22G Medical Cannulas
- 24G Medical Cannulas
- 26G Medical Cannulas
Medical Cannula Market by Material:
- Latex Medical Cannulas
- Latex-free Medical Cannulas
- Neoprene Medical Cannulas
Medical Cannula Market by End User:
- Hospitals
- Ambulatory Surgical Center
- Clinics
- Others
Medical Cannula Market by Region:
- North America Medical Cannula Market
- Latin America Medical Cannula Market
- Europe Medical Cannula Market
- East Asia Medical Cannula Market
- South Asia & Pacific Medical Cannula Market
- Middle East & Africa (MEA) Medical Cannula Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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