Cannula Market Held a Valuation of USD 113 Million till 2023 | MarketResearchFuture.com
Jan 2, 2019
MRFR is the Leading Brand in The Research Company who Recently Published Global Cannula Market Research Reports which includes Study of Growth Overview, Regional Analysis, Top Players, Major Drivers, Upcoming Trends and Foreseen to 2023.
Pune, India - January 2, 2019 /MarketersMedia/ —
Cannula Market - Overview
The Cannula Market is expected to have accounted for the market value of USD 113 million in 2017 and is projected to grow at a CAGR of 6.7% over the assessment period. Cannula is a thin tube used to administer medication, to remove fluid or to insert any surgical instrument in the body. Rising advancements in healthcare facilities, increasing prevalence of cardiovascular diseases and increasing number of general surgical procedures is anticipated to boost the growth of the market during the assessment period.
According to the World Health Organization, 17.9 million people died due to cardiovascular diseases (CVDs) in 2016. On the other hand, stringent government regulations may hinder the market growth during the forecast period.
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Currently, the global market is dominated by numerous prominent players. The key players in the market are engaged in product approvals, strategic collaborations and acquisitions to strengthen their market position. For instance, in November 2015, MC3 cardiopulmonary acquired the surgical cannula line of Terumo Cardiovascular Systems Corporation.
On the regional basis, the global market in the Americas is segmented into two major regions, i.e., North America and South America. The North American region is likely to hold the major share in the global cannula market owing to the rapid adoption of new technologies and rising number of different types of surgeries.
Cannula Market - Top players:
Some of the prominent players in the global cannula market are Medtronic, Edwards Lifesciences Corporation, Terumo Cardiovascular Systems Corporation, LivaNova PLC, Smith & Nephew, CONMED Corporation, Smiths Medical, Teleflex Incorporated, Boston Scientific Corporation, McKesson Medical-Surgical Inc., Harsoria Healthcare Pvt. Ltd., ISPG Inc., ILIFE MEDICAL DEVICES PRIVATE LIMITED (INDIA), Denex International, BD and Others.
Cannula Market - Segments:
The global cannula market has been segmented into product, material, application and end user.
According to a report published by The American Society for Aesthetic Plastic Surgery, aesthetic surgical procedures increased by 11% in 2017. The European region is anticipated to be the second largest due to well-developed healthcare infrastructure and rising adoption of new technologies. The Asia-Pacific region is anticipated to be the fastest growing region due to the rising patient pool and increasing technological advancements. Middle East and Africa is anticpated to hold the least market share.
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Cannula Market - Regional Analysis:
Geographically, the Americas is expected to dominate the global market owing to the easy availability of advanced healthcare infrastructure and rising awareness about minimally invasive surgeries. According to a report published by the American Society of Plastic Surgeons, in the US, total cosmetic minimally-invasive procedures performed were 15,714,118 in 2017. This number was 2% more as compared to 2016.
Europe is expected to hold the second largest position in the global market owing to the rising number of cardiovascular surgeries. Asia-Pacific is expected to be the fastest growing market owing to the presence of a large patient pool and increasing geriatric population requiring surgeries.
According to an article published by the Asian Development Bank in January 2017, Asia’s elderly population is estimated to reach nearly 923 million by the middle of the century. Moreover, the Middle East and Africa region is expected to account for the least market share in the global market.
LIST OF TABLES:
Table 1 Global Cannula Market Synopsis, 2018–2023
Table 2 Global Cannula Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Cannula Market, By Region, 2018–2023 (USD Million)
Table 4 Global Cannula Market, By Product, 2018–2023 (USD Million)
Table 5 Global Cannula Market, By Material, 2018–2023 (USD Million)
Table 6 Global Cannula Market, By Application, 2018–2023 (USD Million)
Table 7 Global Cannula Market, By End User, 2018–2023 (USD Million)
Table 8 North America: Cannula Market, By Product, 2018–2023 (USD Million)
Table 9 North America: Cannula Market, By Material, 2018–2023 (USD Million)
Table 10 North America: Cannula Market, By Application, 2018–2023 (USD Million)
Table 11 North America: Cannula Market, By End User, 2018–2023 (USD Million)
Table 12 US: Cannula Market, By Product, 2018–2023 (USD Million)
Table 13 US: Cannula Market, By Material, 2018–2023 (USD Million)
Table 14 US: Cannula Market, By Application, 2018–2023 (USD Million)
Table 15 US: Cannula Market, By End User, 2018–2023 (USD Million)
List of Tables Continued…!
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