Medical Cannula Market Outlook (2022 to 2030)

[280 Pages Report] The global medical cannula market size is forecast to reach USD 445 Million in 2022. Rising preference for minimally-invasive medical procedures across the world is expected to drive the market at a high 7.3% CAGR to reach a valuation of USD 783.5 Million by 2030.

Attributes Details
Medical Cannula Market Size (2022) USD 445 Million
Revenue Forecast (2030) USD 783.5 Million
Global Market Growth Rate (2022 to 2030) 7.3% CAGR
Dominant Regional Market North America (45.5%)

Medical cannula sales currently account for 3.6% share in the global IV equipment market. Demand for medical cannulas is predicted to rise due to increasing incidence of infectious diseases around the world and the need to treat them effectively.

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How The Market Progressed Till June 2022?

Particulars Details
H1, 2021 7.17%
H1, 2022 Projected 7.33%
H1, 2022 Outlook 7.23%
BPS Change - H1, 2022 (O) - H1, 2022 (P) (-) 10 ↓
BPS Change - H1, 2022 (O) - H1, 2021 (+) 06 ↑

The variation between the BPS values observed within this market in H1, 2022 - outlook over H1, 2022 projected reflects a decline of 10 BPS units. However A positive BPS growth in H1-2022 over H1-2021 by 06 Basis Point Share (BPS) is demonstrated by the market.

The decline in the BPS values for the market are associated with the growing volumes of disposable medical waste, causing hazardous concerns towards the environment. Moreover, lower preference towards disposable medical cannulas has further reduced adoption of products within the market, thus resulting in BPS drop.

However, with the development of re-usable peripheral intravenous access IV cannulas, the market is expected to witness a positive growth in terms of adoption and procedure outcomes.

The market for medical cannulas is subject to changes as per the regulatory and environmental dynamics, with respect to the industry and macroeconomic considerations. Key developments in the market include updates on existing product profiles, such as with needle safety guards to prevent needlestick injuries, and patenting of upgraded products by manufacturers, in order to preserve, and enhance their market stance.

Medical Cannula Consumption Analysis (2015 to 2021) Vs Market Outlook (2022 to 2030)

Cannulas have undergone significant technological advancements over the years. The introduction of needle-stick safety-equipped devices, enhanced lubrication technology, and use of multi-hole suction cannulas have all driven demand for disposable cannulas around the world.

The medical cannula market expanded at a CAGR of 7.1% from 2015 to 2021

High-flow nasal cannulas are expected to see extensive use in high-flow oxygen treatment for acute respiratory failures. The distinct advantages of high-flow nasal cannulas as well as increased acceptability of this approach among patients is expected to boost their market share.

As the incidence of infectious diseases and communicable disorders rises, demand for disposable and reusable syringes and cannulas are predicted to rise. The number of vaccination drives sponsored by government and non-government organizations has increased significantly, resulting in increased demand for syringes and cannulas. Furthermore, an increase in the number of medical operations that require cannulas is predicted to boost demand.

Medical Cannula Market

Improvements in healthcare infrastructure are contributing to an increase in the number of clinics in undeveloped countries. Syringes and cannulas will expand in popularity as the number of medical device producers in developing countries increases.

Medical cannula demand is predicted to surge at a CAGR of 7.3% from 2022 to 2030, with the global market expected to close in on a valuation of USD 783.5 Mn by 2030.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

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What is Driving Medical Cannula Demand Growth?

“Increasing Cases of Diabetes & Obesity Fuel Demand for Medical Cannulas”

According to the National Center for Biotechnology Information, over 234 million procedures are conducted each year around the world. Medical cannulae are required for the delivery of therapeutic and diagnostic chemicals, as well as anaesthetic operations, suction, and irrigation.

Furthermore, a substantial portion of the population prefers minimally invasive procedures. According to the National Center for Biotechnology Information, providing a proper surgical package (including medical cannulae) has the potential to prevent 6-7 percent of deaths.

Obesity rates have risen dramatically over the world in recent years. As a result of the rising incidence of lifestyle disorders such as obesity and diabetes, the number of surgical procedures conducted around the world is expanding, bolstering the expansion of the cannula market.

Furthermore, the expanding elderly population, as well as the growing preference for minimally invasive procedures (MIS), are propelling the market forward.

What Impact Does High Number of Manufacturers Have on Market Dynamics?

“Easy-to-Manufacture & High In-demand make Medical Cannulas Attractive Choice for Manufacturers”

The healthcare industry is seeing an increase in the use of syringes and cannulas in all regions. Because these goods are easier to make than other medical equipment, there is a greater chance that more manufacturers will enter the market and profit handsomely.

The fact that the market is highly fragmented, with many regional and local firms, is also relevant. As a result, it is extremely competitive, posing a danger to current companies in the scene. As a result, leading players are always working on strategic developments and releasing new goods, which is a market driving force.

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What Challenges are Faced by Medical Cannula Providers?

“Lack of Medical Professionals May Impede Medical Cannula Market Growth”

Medical cannulae are unavoidable in surgical procedures, however poor cannulation can lead to hypersensitivity, extravasation, infiltration, phlebitis, and systemic or local infections.

Furthermore, if a newborn is subjected to IV cannulation, it could be excruciatingly unpleasant if not handled with care. In addition, only a few institutes around the world offer medical cannulation training. In the projection term, a lack of competent labour, along with cannulation errors, is likely to stymie market expansion.

Which Regions are Most Lucrative for Medical Cannula Manufacturers?

“Advanced Healthcare Facilities Makes North America Dominant Regional Market”

This medical cannula market data provides highlights for North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

North America is expected to hold 45.5% of the global market share in 2022. The dominance is attributable to a larger prevalence of a variety of diseases and disorders, advanced technology, and a well-established healthcare infrastructure that can implement MIS approaches.

Following North America, Europe is predicted to create the second-highest market revenue, accounting for around 25.8% of the global market share, due to factors such as continuous R&D activities and the region's large patient pool, which generates significant demand for surgeries.

The Asia Pacific regional market is expected to develop at the quickest rate over the projected period, owing to increased awareness of MIS techniques in China, India, and Japan. Because of its large population and extensive government backing for the healthcare sector, China plays a critical role. East Asia, South Asia, and Oceania together are expected to account for 19.1%the of global market share in 2020.

At present, the market for medical cannulas in Latin America accounts for 7.4% of the global market share. Latin America and the Middle East & Africa are likely to see an increase in market share. MEA is expected to account for 2.3% of the global market share (2022).

Country-wise Analysis

Will the U.S. Continue to Be a Major Market for Medical Cannulas?

“Presence of Strong Market Players Boosts Demand for Medical Cannula”

The U.S. is expected to be the most profitable place for cannulas. With more significant players in the country, the United States is a primary contributing country to North America.

The United States has a high rate of approval and commercialization for cannulas, accounting for nearly all of North America's income. Furthermore, the country's established healthcare infrastructure has attracted a huge number of patients seeking sophisticated operations, boosting the market growth.

How Attractive is India's Market for Medical Cannula Suppliers?

“Increasing Cases of Diabetes Driving Sales of Medical Cannula Devices”

Diabetes Mellitus is becoming a major public health concern in India. Monday, December 6, 2021, published on downtoearth.org.in According to the Union Minister of Health and Family Welfare, the predicted number of diabetes patients in the 20-79 age range is 74.2 million in 2021 and is expected to rise to 124.8 million in 2045.

India is also known as the diabetes mellitus epicentre. Because of the high number of diabetics in the country, sales of insulin syringes and cannulas are strong, making this one of the most appealing markets for syringes and cannulas.

Category-wise Analysis

Why Do Hospitals Dominate Demand for Medical Cannulas?

“Increasing Number of Chronic Disease Admissions in Hospitals Augment Demand for Medical Cannulas”

Minimally invasive surgery is a type of surgery that uses small incisions rather than large incisions to complete the process. The rising number of surgical procedures and the rise in the incidence of chronic disease are predicted to drive up demand for minimally invasive surgery.

Hospitals are expanding due to an increase in the number of patients and the number of persons receiving minimally invasive procedures. As a result, hospitals are likely to dominate a higher part of the market.

Competitive Landscape

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., and CosmoFrance Inc., are key players in the medical cannula market.

Acquisitions, mergers, expansion, collaborations, and product releases are among the primary strategies used by prominent companies in the medical cannula market to boost revenue across different geographies.

Companies are progressively concentrating their efforts on developing and underdeveloped economies. Manufacturers in the market are attempting to expand their product offerings into emerging and low-income countries.

Medical Cannula Industry Report Scope

Attributes Details
Forecast Period 2022 to 2030
Historical Data Available for 2015 to 2021
Market Analysis USD Million for Value, Units for Volume
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA)
Key Countries Covered United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, India, Indonesia, Malaysia, Singapore, Australia, New Zealand, Turkey, South Africa, and GCC Countries
Key Market Segments Covered Product, Medical Procedure, Size, Material, End User, Region
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.
Pricing Available upon Request

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

Frequently Asked Questions

At present, what valuation does the medical cannula market enjoy?

The global medical cannula market is currently worth USD 445 Mn.

What is the estimated growth rate of the global medical cannula market?

The global medical cannula market is estimated to expand at a CAGR of 7.3% through 2030.

Which prime medical cannula players are profiled in this analysis?

Key medical cannula market players are Boston Scientific Corporation, Medtronic plc, Becton, Dickinson and Company, Teleflex Incorporated, Conmed Corporation, and Stryker Corporation.

What is the medical cannula market predicted to be worth by 2030?

The global market for medical cannulas is anticipated to reach USD 783.5 Mn by 2030.

What market share is held by North America?

The North America medical cannula market currently holds 45.5% share in the global market.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Key Market Trends
	4. Key Success Factors
	5. Global Medical Cannula Market Demand (in Volume) Analysis 2015-2021 and Forecast, 2022-2030
	6. Global Medical Cannula Market - Pricing Analysis
	7. Global Medical Cannula Market Demand (in Value or Size in US$ Mn) Analysis 2015–2021 and Forecast, 2022–2030
	8. Market Background
	9. COVID19 Crisis Analysis
	10. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, By Products
		10.1. Guedel
		10.2. Yankauer
		10.3. Berman
		10.4. Frazier
		10.5. Spackmann
		10.6. Barron
		10.7. Novak
		10.8. Poole
		10.9. Robertazzi
		10.10. Bellucci
		10.11. Brackman
		10.12. Karman
		10.13. Others
	11. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, By Medical Procedure
		11.1. Suction
		11.2. Intubation
		11.3. Surgery
		11.4. Irrigation
		11.5. Vascular Access
		11.6. Injection
		11.7. Biopsy
		11.8. Insemination
		11.9. Cardioplegia
		11.10. Hysterography
		11.11. Lipofilling
		11.12. Insertion
		11.13. Insufflation
	12. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, By Size
		12.1. 14G
		12.2. 16G
		12.3. 17G
		12.4. 18G
		12.5. 20G
		12.6. 22G
		12.7. 24G
		12.8. 26G
	13. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, By Material
		13.1. Latex
		13.2. Latex-Free
		13.3. Neoprene
	14. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, by End User
		14.1. Hospitals
		14.2. Clinics
		14.3. Ambulatory Surgical Center
		14.4. Other
	15. Global Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030, by Region
		15.1. North America
		15.2. Latin America
		15.3. Europe
		15.4. East Asia
		15.5. South Asia
		15.6. Oceania
		15.7. Middle East and Africa
	16. North America Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	17. Latin America Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	18. Europe Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	19. South Asia Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	20. East Asia Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	21. Oceania Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	22. Middle East and Africa Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	23. Key and Emerging Countries Medical Cannula Market Analysis 2015-2021 and Forecast 2022-2030
	24. Market Structure Analysis
	25. Competition Analysis
		25.1. Boston Scientific Corporation
		25.2. Medtronic plc
		25.3. Becton, Dickinson and Company
		25.4. Stryker Corporation
		25.5. B. Braun Melsungen AG.
		25.6. Smith & Nephew
		25.7. Getinge AB
		25.8. Teleflex Incorporated
		25.9. LivaNova PLC
		25.10. Ypsomed Holding AG
		25.11. Conmed Corporation
		25.12. Cook Medical LLC
		25.13. Terumo Corporation
		25.14. Innovia Medical LLC
		25.15. Beaver-Visitec International
		25.16. Harsoria Healthcare Pvt. Ltd.
		25.17. CosmoFrance Inc.
		25.18. Entrhal Medical GmbH
	26. Assumptions and Acronyms Used
	27. Research Methodology
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