Cannula Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Cannula Market: Global Opportunity Analysis and Industry Forecast, 2020-2027
Request Now !A Cannula is a thin tube or hose that can be inserted in a cavity or duct in the body. It is used to drain out a fluid or introduce a new substance in the body for medicinal purpose. The cannula is available in various sizes such as 24 gauge that is used for Chemotherapy and neonates and 14 gauge used for trauma type environment that can administer 1 liter of fluid in 2 minutes. 20 Gauge Cannula is used on a day-to-day basis for fluid antibiotics. Cannula is inserted through three ways, which are peripheral, central line and midline.
There are different types of cannulas such as cardiac cannulas, dermatology cannulas, nasal cannulas, and intravenous cannulas. Cannula is placed inside a vein to provide venous access; this process is called intravenous cannulation. Cannula is also used for nasal, oral as well as veterinary purposes. It is also used for blood transfusion, drug transfusion and chemotherapy. Cannula is used in various surgeries such as cardiovascular surgery, plastic surgery, orthopedic surgery, general surgery, diabetic treatments and others.
Market scope and structure analysis:
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Report Metric |
Details |
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 Market size available for years |
 2019–2027 |
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 Base year considered |
 2019 |
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 Forecast period |
 2020–2027 |
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 Forecast units |
 Value (USD) |
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 Segments covered |
 Product, Application, End User, and Region |
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 Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
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 Companies covered |
Major players analyzed include Medtronic, Smith & Nephew, Edwards Life sciences Corporation, Terumo Cardiovascular System Corporation, LivaNova PLC, CONMED Corporation, McKesson Medical-Surgical Inc., ISPG Inc., Denex International, and Smiths Medical. |
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COVID-19 scenario analysis:Â
To take care of infected population the demand for medical supplies is increasing. Monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market.
Owing to such factors, COVID-19 is expected to have a significant impact on the cannula market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The development of the cannula market is majorly effected by changes in the Government policies and funding provided by the Government for the betterment of the healthcare sector. This has resulted in the enhancement of health facilities. It is also evident that there has been increase in the number of patients going for surgical procedures in the past few years, the perception of the patients is changing toward the surgeries and they are ready to accept as the risk in the surgeries is decreasing and lifestyle-related diseases, which has fuelled the demand for cannula. Upgrading technology, introduction of new single use cannula which is mostly used in surgeries now is helping the growth of the cannula market. On the other hand, there is variation seen in the market for the demand of cannula, which is positively impacting the growth of the cannula market. If there is any mistake during the application of cannula on the person’s skin, it can lead to injuries and heavy blood loss and this has led to some protest by the end-users for ensuring safer usage of cannula. Patients also had some complaints with infection in the area where the cannula was inserted. These are the factors hampering the growth of the cannula market. .
New product launches to flourish the market:
Smith & Nephew has launched two new cannula systems Clear- TRAC Complete and Clear- TRAC Flexible. ProtekDuo cannula has been introduced by LivaNova to address Corona Virus as per the U.S.FDA indications.
Surge in usage in hospital applications:
Cannulas are used in various healthcare facilities such as hospitals, ASGs, clinics, blood banks, pathology labs, and others. According to the World Health Organization, about 234.2 million surgeries are performed every year. At an average, around 1 million patients go through cardiac surgeries and around 18 million people opt for plastic surgery annually. This shows that the hospitals are the biggest end-users for cannulas in the market. .
Various Health care providers are also trying to increase their capacity for patients, which will lead to an increase in demand for Cannula.
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Key benefits of the report:
- This study presents the analytical depiction of the global cannula industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cannula market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the cannula market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. The report provides a detailed global cannula market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the Cannula Market research report:
- Who are the leading market players active in the cannula market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
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