Cannula Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Cannula Industry Prospective:

The cannula market size was worth around USD 165.01 Million in 2023 and is predicted to grow to around USD 301.33 Million by 2032 with a compound annual growth rate (CAGR) of roughly 6.92% between 2024 and 2032.

The report covers a forecast and an analysis of the cannula market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints of the cannula market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cannula market on a global and regional level.

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In order to give the users of this report a comprehensive view of the cannula market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Cannula Market: Overview

Cannulas are hollow tubes with a retractable, shrill inner core, which are inserted into the body (veins, arteries, or any other body cavities) either for fluid delivery/ removal or for blood collection. These tubes are also used to surround the inner or outer shell of a three-sided cutting point needle, which helps in extending the needle length by minimum half the length of the original needle. There are mainly four types of cannulas, i.e., arterial, nasal, venous, or oral-nasal. An arterial cannula is inserted in arteries in major operations like bypass surgeries. One can also use these cannulas to monitor heartbeat to measure blood pressure. Venous cannulas are injected in veins for removing or administrating blood. Nasal cannulas or oral nasal cannulas are inserted in nostrils and mouth for providing oxygen.

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The report provides company market share analysis to give a broader overview of the key players in the cannula market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the cannula market on a global and regional basis.

Cannula Market: Growth Factors

The global cannula market is growing rapidly due to the increasing demand for minimally invasive surgery (MIS), rising infant mortality rate, growing number of hospitals and clinics, and ongoing improvements in healthcare infrastructure in developing economies. Favorable government initiatives to provide vital healthcare services at reasonable rates and rising consumer awareness are also predicted to boost the cannula market growth globally. In addition, an increasing number of medical ailments arising due to inactive lifestyle is positively contributing to product sales. However, the lack of skilled or trained physicians, inadequate cannula stabilization, and high surgery costs may limit the market.

Cannula Market: Segmentation 

The study provides a decisive view of the cannula market by segmenting it based on product, application, material, size, end-use, and region.

The product, segment of the market is divided into dermatology, cardiac, nasal, and vascular. Cardiac held the major market share in 2023, whereas dermatology is expected to show the highest CAGR in the upcoming years. By material, the cannula market is categorized into plastic, metal, and silicon. Plastic held a substantial market share in 2023.

On the basis of application, the cannula market includes orthopedic surgery, oxygen therapy, cardiovascular surgery, general surgery, and cosmetic/plastic surgery. Cosmetic/plastic surgery held the major market share in 2023, due to increasing health consciousness and growing number of obesity cases, leading to a rising number of cosmetic surgeries.

Based on size, the market is classified into 14G, 16G, 18G, 20G, 22G, 24G, and 26G. Different colors represent different sized cannulas. The 18G segment held the notable market share in 2018.

Based on end-use, the cannula market comprises hospitals, blood banks, ambulatory surgical centers, and others. Hospitals held a substantial cannula market share in 2023.

The regional, segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Cannula Market: Report Scope

Cannula Market: Regional Insights

The Asia Pacific region is expected to be the fastest growing cannula market globally over the projected time period. Countries like China, India, and Japan are showing increasing cognizance about MIS techniques and growing purchasing capacity of the middle-class population, which are contributing majorly toward the Asia Pacific cannula market growth.

Cannula Market: Competitive Space

Some key players in the global cannula market are

• Medtronic
• Terumo Corporation
• Edward Lifesciences Corporation
• Action Medical
• Boston Scientific
• Conmed Corporation
• Maquet Holding
• Sidapharm
• Smith & Nephew
• Smiths Medical
• And Others

This report segments the global cannula market into:

Global Cannula Market: By Product

• Cardiac
  • Arterial
  • Venous
  • Cardioplegia
  • Femoral
• Dermatology
• Nasal

Global Cannula Market: By Material

• Plastic
• Metal
• Silicon

Global Cannula Market: By Application

• Cardiovascular Surgery
• Oxygen Therapy
• General Surgery
• Cosmetic/Plastic Surgery
• Orthopedic Surgery

Global Cannula Market: By Size

• 14G
• 16G
• 18G
• 20G
• 22G
• 24G
• 26G

Global Cannula Market: By End-Use

• Hospitals
• Ambulatory Surgical Centers
• Blood Banks
• Others

Global Cannula Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa