The global arterial cannula market garnered a market value of USD 21 Billion in 2023 and is expected to accumulate a market value of USD 40 Billion by registering a CAGR of 6.6% in the forecast period 2022 to 2033.
Because of the growing utilization of these cannulas in extracorporeal membrane oxygenation, which owns the largest market share in the arterial cannula market in terms of application, the 20-22 Fr is likely to dominate the market.
During cardiopulmonary bypass (CPB), arterial cannulae are used to perfuse the ascending aorta. These are manufactured of a variety of materials, including biocompatible materials, silicone, polyurethane, polyvinyl chloride (PVC), and others.
Cannulas are typically flexible, translucent, and have hard or smooth plastic tips, as well as a connection. A cannula's tip can be straight or curved. It has a vent plug to de-air the cannula during cannulation. Some cannulas incorporate wire reinforcement, which reduces the danger of kinking and reduces wall thickness.
The worldwide arterial cannula market is predicted to increase at an exponential rate during the forecast period, owing primarily to the rising prevalence of cardiovascular illnesses. According to the American Heart Association, approximately half of all individuals in the USA had some kind of cardiovascular disease in 2019. Furthermore, according to the CDC, around 20.1 million persons aged 20 and older in the USA had coronary artery disease in 2020, accounting for approximately 7.2% of the overall population.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 21 Billion |
| Anticipated Forecast Value (2033) | USD 40 Billion |
| Projected Growth Rate (2023 to 2033) | 6.6% CAGR |
The global demand for arterial cannula is projected to increase at a CAGR of 6.6% during the forecast period between 2022 and 2033, reaching a total of USD 40 Billion in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 5%.
From 2023 to 2033, the worldwide arterial cannula market is expected to increase significantly during the forecast period. The increasing number of operations, advances in healthcare centers, increased Research and Development investment, rising government financing, and a broad patient pool are projected to drive the global arterial cannula market.
In addition, the rising popularity of minimally invasive surgery (MIS) is expected to fuel the worldwide arterial cannula market. Furthermore, the growth of a number of medical conditions caused by sedentary lifestyles, poor eating habits, alcohol use, smoking, and the development of healthcare systems in developing markets are expected to drive the worldwide arterial cannula market.
Rise in the Frequency of Cardiopulmonary Illnesses to Improve Maintenance and Performance
The rise in the frequency of cardiopulmonary illnesses, which leads to an increase in the number of bypass surgeries done globally, is driving the expansion of the global arterial cannulae market.
Furthermore, growing healthcare expenditures, advancements in healthcare facilities in emerging nations, and the general population's sedentary lifestyle, which leads to heart illnesses and obesity, are the primary drivers driving the market growth of arterial cannulae.
Technological Improvements and Innovations to Accelerate Market Growth
The penetration of regional local companies with low-cost devices is expected to boost the market growth in emerging markets. During the projection period, technological improvements and innovations in the artery cannula such as moveable suture rings, tapered collars, and straight tips are projected to boost the adoption rate of arterial cannulae.
High Cost of Equipment to Hinder Market Growth
The high cost of equipment and a scarcity of trained surgeons are two major factors impeding the growth of the worldwide arterial cannulae market.
Capitalize on the rising Vehicle Output to Widening Profit Margins
Due to advancements in healthcare facilities, higher Research and Development investment, a huge population base suffering from cardiovascular illnesses, and rising government spending in the healthcare sector, Asia Pacific is expected to grow at a considerable CAGR over the forecast period.
The Asia Pacific cannula market is predicted to rise due to a major increase in the region's older population, which provides a huge patient pool with individuals suffering from chronic conditions such as cardiovascular disease and diabetes. Furthermore, the government's increased attempts to pass favorable healthcare laws, particularly in rural regions, are expected to help this region's market expansion. As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.1% in the assessment period 2023 to 2033.
Presence of Prominent Market Players to Accelerate Market Growth
Because of the presence of prominent market players and the availability of robust healthcare institutions in the area, North America is likely to contribute considerably to the cannula market during the forecast period. Furthermore, the increased frequency of lifestyle problems in the area is expected to boost regional market development.
Increased awareness of minimally invasive treatments and rising acceptance of cosmetic operations are expected to drive regional market growth in this area. According to the American Society of Plastic Surgeons, cosmetic operations in the United States will cost around USD 15.7 billion in 2020.
North America is expected to dominate the worldwide arterial cannulae market during the projected period, owing to the increasing prevalence of cardiovascular diseases as a result of a sedentary lifestyle, the increasing adoption of minimally invasive techniques, and the rising number of surgeries. As per Future Market Insights, North America is expected to grow at a CAGR of 6.5% in the assessment period 2023 to 2033.
Expanding Government Efforts fuelling sales of Arterial Cannula
In terms of revenue, Europe had the second-largest proportion. Factors such as an aging population, particularly in nations like Italy, expanding government efforts, and advantageous reimbursement situations support the region's growth.
According to MedTech Europe, the European trade group for medical technology, France, for example, established the 2018 to 2022 National Health Strategy for the prevention of cardiovascular risks by encouraging people to change their lifestyle patterns. As per Future Market Insights, Europe is expected to grow at a CAGR of 6.3% in the assessment period 2023 to 2033.
The ECMO sector to enhance Sales Prospects
The sector has been further subdivided based on applications into cardiopulmonary bypass surgery, ECMO, and others. In 2022, the ECMO sector led the worldwide industry. This is due to the high frequency of cardiovascular illnesses and lung failures.
According to the American Lung Association, around 37 million Americans will have chronic lung disease by 2022, including COPD, asthma, chronic bronchitis, and emphysema. COPD, an obstructive lung condition that makes breathing difficult over time, has been identified in around 15 million American adults. This shows that the rising prevalence of respiratory disorders, which can lead to lung failure, is a key reason for the ECMO segment's domination.
The Hospitals Segment to Widen Growth Prospects
The global industry has been subdivided into hospitals, Ambulatory Surgical Centers (ASCs), and others based on end-users. In 2022, the hospital's segment led the industry.
This was mostly due to the enormous number of procedures conducted in these settings. Furthermore, the segment's expansion is likely to be fueled by the availability of various sorts of experienced specialists and surgical instruments. The increased number of admissions due to an increase in chronic illnesses is also predicted to drive segment growth throughout the projection period.
Key start-up players in the Arterial Cannula are offering new and innovative product lines to consolidate their market presence, these aforementioned start-ups have left no stone unturned. One of the key Arterial Cannula start-ups is as follows:
Key businesses are intent on executing strategic activities, such as acquisitions and partnerships, and collaborations that will help them increase their industry footprint and achieve a solid market position. Furthermore, with the introduction of new goods and regulatory clearances, important companies want to extend their portfolio and enhance their position.
Key players in the automotive axles market are Medtronic, plc. LivaNova plc, Edward Lifesciences, Getinge AB, Fresenius Medical Care, BD, Nipro Corp., Andocor, Freelife Medical GmbH, Surgical Holdings, and Kangxin Medical.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 21 Billion |
| Market Value in 2033 | USD 40 Billion |
| Growth Rate | CAGR of 6.6% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Application, Size, End Use, Region |
| Regions Covered |
North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Thailand, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled |
Medtronic, plc.; LivaNova plc; Edward Lifesciences; Getinge AB; Fresenius Medical Care; BD; Nipro Corp.; Andocor; Freelife Medical GmbH; Surgical Holdings; Kangxin Medical |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 15: Europe Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 16: Europe Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 17: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: South Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 19: South Asia Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 20: South Asia Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 23: East Asia Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 24: East Asia Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 25: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Oceania Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 27: Oceania Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 28: Oceania Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Table 29: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: MEA Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 31: MEA Market Value (US$ Million) Forecast by Size, 2018 to 2033
Table 32: MEA Market Value (US$ Million) Forecast by End-use, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Size, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by End-use, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Size, 2023 to 2033
Figure 19: Global Market Attractiveness by End-use, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Size, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by End-use, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 37: North America Market Attractiveness by Application, 2023 to 2033
Figure 38: North America Market Attractiveness by Size, 2023 to 2033
Figure 39: North America Market Attractiveness by End-use, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Size, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by End-use, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Size, 2023 to 2033
Figure 59: Latin America Market Attractiveness by End-use, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) by Size, 2023 to 2033
Figure 63: Europe Market Value (US$ Million) by End-use, 2023 to 2033
Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 69: Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 70: Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 71: Europe Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 72: Europe Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 73: Europe Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 74: Europe Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 75: Europe Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 76: Europe Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 77: Europe Market Attractiveness by Application, 2023 to 2033
Figure 78: Europe Market Attractiveness by Size, 2023 to 2033
Figure 79: Europe Market Attractiveness by End-use, 2023 to 2033
Figure 80: Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: South Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 82: South Asia Market Value (US$ Million) by Size, 2023 to 2033
Figure 83: South Asia Market Value (US$ Million) by End-use, 2023 to 2033
Figure 84: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: South Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 89: South Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 92: South Asia Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 95: South Asia Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 96: South Asia Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 97: South Asia Market Attractiveness by Application, 2023 to 2033
Figure 98: South Asia Market Attractiveness by Size, 2023 to 2033
Figure 99: South Asia Market Attractiveness by End-use, 2023 to 2033
Figure 100: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 101: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 102: East Asia Market Value (US$ Million) by Size, 2023 to 2033
Figure 103: East Asia Market Value (US$ Million) by End-use, 2023 to 2033
Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 109: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 112: East Asia Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 114: East Asia Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 115: East Asia Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 116: East Asia Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 117: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 118: East Asia Market Attractiveness by Size, 2023 to 2033
Figure 119: East Asia Market Attractiveness by End-use, 2023 to 2033
Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 121: Oceania Market Value (US$ Million) by Application, 2023 to 2033
Figure 122: Oceania Market Value (US$ Million) by Size, 2023 to 2033
Figure 123: Oceania Market Value (US$ Million) by End-use, 2023 to 2033
Figure 124: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: Oceania Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 129: Oceania Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 131: Oceania Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 132: Oceania Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 134: Oceania Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 135: Oceania Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 136: Oceania Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 137: Oceania Market Attractiveness by Application, 2023 to 2033
Figure 138: Oceania Market Attractiveness by Size, 2023 to 2033
Figure 139: Oceania Market Attractiveness by End-use, 2023 to 2033
Figure 140: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 141: MEA Market Value (US$ Million) by Application, 2023 to 2033
Figure 142: MEA Market Value (US$ Million) by Size, 2023 to 2033
Figure 143: MEA Market Value (US$ Million) by End-use, 2023 to 2033
Figure 144: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: MEA Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 149: MEA Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 150: MEA Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 151: MEA Market Value (US$ Million) Analysis by Size, 2018 to 2033
Figure 152: MEA Market Value Share (%) and BPS Analysis by Size, 2023 to 2033
Figure 153: MEA Market Y-o-Y Growth (%) Projections by Size, 2023 to 2033
Figure 154: MEA Market Value (US$ Million) Analysis by End-use, 2018 to 2033
Figure 155: MEA Market Value Share (%) and BPS Analysis by End-use, 2023 to 2033
Figure 156: MEA Market Y-o-Y Growth (%) Projections by End-use, 2023 to 2033
Figure 157: MEA Market Attractiveness by Application, 2023 to 2033
Figure 158: MEA Market Attractiveness by Size, 2023 to 2033
Figure 159: MEA Market Attractiveness by End-use, 2023 to 2033
Figure 160: MEA Market Attractiveness by Country, 2023 to 2033
FMI projects the global arterial cannula market to expand at a 6.6% value CAGR by 2033
The global arterial cannula market is estimated at a market value of USD 21 Billion
The global arterial cannula market is expected to garner a market value of USD 40 Billion
North America is expected to be the most lucrative for arterial cannula market growth
Medtronic, plc. LivaNova plc, Edward Lifesciences, Getinge AB, Fresenius Medical Care, BD, Nipro Corp., Andocor, Freelife Medical GmbH, Surgical Holdings, and Kangxin Medical are some prominent arterial cannula manufacturers
As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6.1% in the assessment period 2023 to 2033.
As per Future Market Insights, Europe is expected to grow at a CAGR of 6.3% in the assessment period 2023 to 2033.
The hospital segment is expected to hold the largest market share for arterial cannulas in the forecast period 2023 to 2033.
Arterial Cannula Market
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