Cannula Market Size, Share, Competitive Landscape, and Trend Analysis Report by Product, Application, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2024-2033

The cannula market was valued at $172.90 million in 2023 and is estimated to reach $ 318.77 million by 2033, exhibiting a CAGR of 6.7% from 2024 to 2033.

Market Definition and Overview

A cannula is a thin tube inserted into a vein or body cavity to administer medication, drain fluid, or insert a surgical instrument. The word "cannula" comes from the Latin word "canna," meaning "reed" or "tube," reflecting its shape and function. Cannulas are widely used in medical procedures. For instance, in intravenous therapy, a cannula is used to provide a passage for fluid infusions, medications, or to draw blood. They come in various sizes and types depending on their specific application, such as nasal cannulas for oxygen delivery or intravenous cannulas for fluid administration.

The design of a cannula typically includes a hollow, flexible tube that allows for the passage of fluids or instruments, making it an essential tool in both medical and surgical settings.

Key Takeaways

• The cannula market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($million) for the projected period from 2024 to 2033.
• More than 1,500 product literatures, industry releases, annual reports, and other such documents of major cannula industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
• The study integrates high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach intends to provide a balanced view of global markets and assist stakeholders in making informed decisions in order to achieve their most ambitious growth objectives.

Industry Trends

• An article in PubMed, published in December 2021, reported that high-flow oxygen therapy delivered via a nasal cannula (HFNC) aided breathing by maintaining airway moisture, and it has proven to be safe and effective in clinical settings. Consequently, increasing use of nasal cannulas for respiratory support is predicted to drive the demand for high-flow nasal cannulas, contributing to market growth during the forecast period.
• An article published in December 2022 in the BMC journal indicated that using HFNC as initial ventilatory support was linked to reduced incidence of intubation in critically ill COVID-19 patients, though more than half of these patients still experienced HFNC failure.

Key Market Dynamics

Greater awareness and more extensive screening programs for various diseases have increased the diagnosis rates, thereby increasing the number of patients requiring medical interventions that involve the use of cannulas. The trend towards minimally invasive surgical techniques, which often require specialized cannulas, is another significant market driver. These techniques offer benefits such as reduced recovery time and lower risk of complications, making them popular choices in modern medical practice. The expansion of home healthcare services has also fueled the demand for cannulas. Many patients who require regular medical treatments prefer home care, necessitating the availability of cannulas for routine medication administration and other therapies at home. Thes factors are anticipated to drive the market growth.

The presence of alternative methods for drug delivery and fluid management, such as oral medications, patches, or less invasive devices, can limit the demand for cannulas. Healthcare providers might opt for these alternatives due to ease of use, lower cost, or patient preference. In many parts of the world, economic constraints limit healthcare spending. This can affect the procurement of medical devices, including cannulas, particularly in public healthcare settings or low-income regions. These factors are anticipated to restrain the market growth.

Beyond traditional uses, the expanding applications of cannulas in emerging fields such as regenerative medicine, stem cell therapy, and aesthetic procedures (like liposuction) offer new growth avenues. The versatility of cannulas makes them suitable for various medical and cosmetic procedures, broadening their market potential. Advances in cannula design and materials offer significant opportunities. Development of more flexible, biocompatible, and minimally invasive cannulas can enhance patient comfort and safety, driving higher adoption rates. Innovations like antimicrobial-coated cannulas can reduce infection risks and attract more users. These factors are anticipated to drive the market opportunity.

Parent Market Analysis

The cannula market is a segment within the larger medical devices industry, specifically focusing on devices used for various medical purposes such as drug delivery, fluid infusion, and surgical procedures. Cannulas are thin tubes inserted into the body for these purposes, often used in conjunction with needles or other medical instruments.

The medical devices market is influenced by factors such as technological advancements, healthcare infrastructure development, regulatory policies, and demographics. As healthcare needs evolve and populations age, there's a growing demand for innovative medical devices, including cannulas, to improve patient care and outcomes.

Market Segmentation

The cannula market is segmented into product, application, end user, and region. On the basis of product, the market is divided into nasal cannula, vascular cannula, venous cannula, cardiac cannula, arthroscopy cannula, intravenous cannula, dermatology cannula, and others. As per application, the market is segregated into orthopedics surgery, general surgery, cardiovascular surgery, plastic surgery, oxygen therapy, and others. On the basis of end user, the market is segmented into hospitals, clinics, ambulatory surgery centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Regional Market Outlook

The cannula market in the Asia-Pacific region is projected to show the fastest growth during the forecast period. The aging population in Asia-Pacific is contributing to the expansion of the healthcare sector. Elderly individuals often require medical interventions and surgeries, which boosts the demand for cannulas for various treatments and procedures. The region is experiencing a rise in chronic diseases like cardiovascular diseases, diabetes, and respiratory disorders. Cannulas are essential components in the treatment and management of these conditions.

Government initiatives aimed at improving healthcare infrastructure, enhancing access to healthcare services, and promoting medical device manufacturing are supporting the growth of the cannula market in the Asia-Pacific region.

Efforts to address challenges in the pharmaceutical industry within the Asia-Pacific region include collaborative regulatory initiatives. Countries are working together to meet both domestic and global needs for medical products.

Competitive Landscape

The major players operating in the cannula market include Medtronic, Becton Dickinson (BD), Edward Lifesciences, LivaNova, Smiths Medical, Boston Scientific Corporation, Terumo Corporation, Fisher & Paykel Healthcare Ltd, Flexicare Medical, and Medin Medical Innovations.

Recent Key Strategies and Developments

• In January 2023, Inspira Technologies disclosed that the convertible dual lumen cannula had secured a patent from the U.S. Patent and Trademark Office (USPTO).
• In January 2023, Sterimedix showcased its advancements in aesthetic and ophthalmic cannulas during Arab Health, the global healthcare medical expo, marking a significant stride in its ongoing global expansion efforts.

Key Sources Referred

1. Company Annual Reports
2. Investor Presentations
3. Press Release
4. Research Papers
5. D&B Hoovers
6. ZoomInfo Technologies LLC
7. Health central coast local Health District
8. WHO
9. American Society of Anesthesiologists (ASA)

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the cannula market segments, current trends, estimations, and dynamics of the cannula market analysis from 2024 to 2033 to identify the prevailing cannula market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the cannula market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global cannula market Statistics.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as cannula market trends, key players, market segments, application areas, and market growth strategies.

The cannula market is witnessing significant growth and expansion globally, driven by increasing healthcare expenditure, growing prevalence of chronic diseases, and rising demand for minimally invasive surgical procedures in emerging economies. Manufacturers are expanding their presence in untapped markets, establishing strategic partnerships, and investing in research and development to capitalize on new opportunities and address unmet medical needs.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation

1.5.1. Top-down approach
1.5.2. Bottom-up approach

2. Report Scope

2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on global Cannula Market  

3. Executive Summary
4. Market Overview

4.1. Introduction
4.2. Growth impact forces

4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities

4.3. Market value chain analysis

4.3.1. List of raw material suppliers
4.3.2. List of manufacturers 
4.3.3. List of distributors

4.4. Innovation & sustainability matrices

4.4.1. Technology matrix
4.4.2. Regulatory matrix

4.5. Porter’s five forces analysis

4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity

4.6. PESTLE analysis

4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Legal
4.6.6. Environmental

4.7. Impact of COVID-19 on Cannula Market  

4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario

5. Cannula Market Analysis, by Product

5.1. Overview
5.2. Nasal Cannula

5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2023-2033
5.2.3. Market share analysis, by country, 2023-2033

5.3. Vascular Cannula

5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2023-2033
5.3.3. Market share analysis, by country, 2023-2033

5.4. Venous Cannula

5.4.1. Definition, key trends, growth factors, and opportunities
5.4.2. Market size analysis, by region, 2023-2033
5.4.3. Market share analysis, by country, 2023-2033

5.5. Cardiac Cannula

5.5.1. Definition, key trends, growth factors, and opportunities
5.5.2. Market size analysis, by region, 2023-2033
5.5.3. Market share analysis, by country, 2023-2033

5.6. Arthroscopy Cannula

5.6.1. Definition, key trends, growth factors, and opportunities
5.6.2. Market size analysis, by region, 2023-2033
5.6.3. Market share analysis, by country, 2023-2033

5.7. Intravenous Cannula

5.7.1. Definition, key trends, growth factors, and opportunities
5.7.2. Market size analysis, by region, 2023-2033
5.7.3. Market share analysis, by country, 2023-2033

5.8. Dermatology Cannula

5.8.1. Definition, key trends, growth factors, and opportunities
5.8.2. Market size analysis, by region, 2023-2033
5.8.3. Market share analysis, by country, 2023-2033

5.9. Others

5.9.1. Definition, key trends, growth factors, and opportunities
5.9.2. Market size analysis, by region, 2023-2033
5.9.3. Market share analysis, by country, 2023-2033

5.10. Research Dive Exclusive Insights

5.10.1. Market attractiveness
5.10.2. Competition heatmap

6. Cannula Market Analysis, by Application   

6.1. Orthopedics Surgery

6.1.1. Definition, key trends, growth factors, and opportunities
6.1.2. Market size analysis, by region, 2023-2033
6.1.3. Market share analysis, by country, 2023-2033

6.2. General Surgery

6.2.1. Definition, key trends, growth factors, and opportunities
6.2.2. Market size analysis, by region, 2023-2033
6.2.3. Market share analysis, by country, 2023-2033

6.3. Cardiovascular Surgery

6.3.1. Definition, key trends, growth factors, and opportunities
6.3.2. Market size analysis, by region, 2023-2033
6.3.3. Market share analysis, by country, 2023-2033

6.4. Plastic Surgery

6.4.1. Definition, key trends, growth factors, and opportunities
6.4.2. Market size analysis, by region, 2023-2033
6.4.3. Market share analysis, by country, 2023-2033

6.5. Oxygen Therapy

6.5.1. Definition, key trends, growth factors, and opportunities
6.5.2. Market size analysis, by region, 2023-2033
6.5.3. Market share analysis, by country, 2023-2033

6.6. Others 

6.6.1. Definition, key trends, growth factors, and opportunities
6.6.2. Market size analysis, by region, 2023-2033
6.6.3. Market share analysis, by country, 2023-2033

6.7. Research Dive Exclusive Insights

6.7.1. Market attractiveness
6.7.2. Competition heatmap

7. Cannula Market Analysis, by End User

7.1. Hospitals

7.1.1. Definition, key trends, growth factors, and opportunities
7.1.2. Market size analysis, by region, 2023-2033
7.1.3. Market share analysis, by country, 2023-2033

7.2. Clinics

7.2.1. Definition, key trends, growth factors, and opportunities
7.2.2. Market size analysis, by region, 2023-2033
7.2.3. Market share analysis, by country, 2023-2033

7.3. Ambulatory Surgery Centers

7.3.1. Definition, key trends, growth factors, and opportunities
7.3.2. Market size analysis, by region, 2023-2033
7.3.3. Market share analysis, by country, 2023-2033

7.4. Others

7.4.1. Definition, key trends, growth factors, and opportunities
7.4.2. Market size analysis, by region, 2023-2033
7.4.3. Market share analysis, by country, 2023-2033

7.5. Research Dive Exclusive Insights

7.5.1. Market attractiveness
7.5.2. Competition heatmap

8. Cannula Market, by Region

8.1. North America

8.1.1. U.S.

8.1.1.1. Market size analysis, by Product, 2023-2033
8.1.1.2. Market size analysis, by Application, 2023-2033
8.1.1.3. Market size analysis, by End User, 2023-2033

8.1.2. Canada

8.1.2.1. Market size analysis, by Product, 2023-2033
8.1.2.2. Market size analysis, by Application, 2023-2033
8.1.2.3. Market size analysis, by End User, 2023-2033

8.1.3. Mexico

8.1.3.1. Market size analysis, by Product, 2023-2033
8.1.3.2. Market size analysis, by Application, 2023-2033
8.1.3.3. Market size analysis, by End User, 2023-2033

8.1.4. Research Dive Exclusive Insights

8.1.4.1. Market attractiveness
8.1.4.2. Competition heatmap

8.2. Europe

8.2.1. Germany 

8.2.1.1. Market size analysis, by Product, 2023-2033
8.2.1.2. Market size analysis, by Application, 2023-2033
8.2.1.3. Market size analysis, by End User, 2023-2033

8.2.2. UK

8.2.2.1. Market size analysis, by Product, 2023-2033
8.2.2.2. Market size analysis, by Application, 2023-2033
8.2.2.3. Market size analysis, by End User, 2023-2033

8.2.3. France

8.2.3.1. Market size analysis, by Product, 2023-2033
8.2.3.2. Market size analysis, by Application, 2023-2033
8.2.3.3. Market size analysis, by End User, 2023-2033

8.2.4. Spain

8.2.4.1. Market size analysis, by Product, 2023-2033
8.2.4.2. Market size analysis, by Application, 2023-2033
8.2.4.3. Market size analysis, by End User, 2023-2033

8.2.5. Italy

8.2.5.1. Market size analysis, by Product, 2023-2033
8.2.5.2. Market size analysis, by Application, 2023-2033
8.2.5.3. Market size analysis, by End User, 2023-2033

8.2.6. Rest of Europe

8.2.6.1. Market size analysis, by Product, 2023-2033
8.2.6.2. Market size analysis, by Application, 2023-2033
8.2.6.3. Market size analysis, by End User, 2023-2033

8.2.7. Research Dive Exclusive Insights

8.2.7.1. Market attractiveness
8.2.7.2. Competition heatmap

8.3. Asia-Pacific

8.3.1. China

8.3.1.1. Market size analysis, by Product, 2023-2033
8.3.1.2. Market size analysis, by Application, 2023-2033
8.3.1.3. Market size analysis, by End User, 2023-2033

8.3.2. Japan 

8.3.2.1. Market size analysis, by Product, 2023-2033
8.3.2.2. Market size analysis, by Application, 2023-2033
8.3.2.3. Market size analysis, by End User, 2023-2033

8.3.3. India

8.3.3.1. Market size analysis, by Product, 2023-2033
8.3.3.2. Market size analysis, by Application, 2023-2033
8.3.3.3. Market size analysis, by End User, 2023-2033

8.3.4. Australia

8.3.4.1. Market size analysis, by Product, 2023-2033
8.3.4.2. Market size analysis, by Application, 2023-2033
8.3.4.3. Market size analysis, by End User, 2023-2033

8.3.5. South Korea

8.3.5.1. Market size analysis, by Product, 2023-2033
8.3.5.2. Market size analysis, by Application, 2023-2033
8.3.5.3. Market size analysis, by End User, 2023-2033

8.3.6. Rest of Asia-Pacific

8.3.6.1. Market size analysis, by Product, 2023-2033
8.3.6.2. Market size analysis, by Application, 2023-2033
8.3.6.3. Market size analysis, by End User, 2023-2033

8.3.7. Research Dive Exclusive Insights

8.3.7.1. Market attractiveness
8.3.7.2. Competition heatmap

8.4. LAMEA

8.4.1. Brazil

8.4.1.1. Market size analysis, by Product, 2023-2033
8.4.1.2. Market size analysis, by Application, 2023-2033
8.4.1.3. Market size analysis, by End User, 2023-2033

8.4.2. Saudi Arabia

8.4.2.1. Market size analysis, by Product, 2023-2033
8.4.2.2. Market size analysis, by Application, 2023-2033
8.4.2.3. Market size analysis, by End User, 2023-2033

8.4.3. UAE

8.4.3.1. Market size analysis, by Product, 2023-2033
8.4.3.2. Market size analysis, by Application, 2023-2033
8.4.3.3. Market size analysis, by End User, 2023-2033

8.4.4. South Africa

8.4.4.1. Market size analysis, by Product, 2023-2033
8.4.4.2. Market size analysis, by Application, 2023-2033
8.4.4.3. Market size analysis, by End User, 2023-2033

8.4.5. Rest of LAMEA

8.4.5.1. Market size analysis, by Product, 2023-2033
8.4.5.2. Market size analysis, by Application, 2023-2033
8.4.5.3. Market size analysis, by End User, 2023-2033

8.4.6. Research Dive Exclusive Insights

8.4.6.1. Market attractiveness
8.4.6.2. Competition heatmap

9. Competitive Landscape

9.1. Top winning strategies, 2022

9.1.1. By strategy
9.1.2. By year

9.2. Strategic overview
9.3. Market share analysis, 2023

10. Company Profiles

10.1. Medtronic

10.1.1. Overview
10.1.2. Business segments
10.1.3. Product portfolio
10.1.4. Financial performance
10.1.5. Recent developments
10.1.6. SWOT analysis

10.2. Becton Dickinson (BD)

10.2.1. Overview
10.2.2. Business segments
10.2.3. Product portfolio
10.2.4. Financial performance
10.2.5. Recent developments
10.2.6. SWOT analysis

10.3. Edward Lifesciences

10.3.1. Overview
10.3.2. Business segments
10.3.3. Product portfolio
10.3.4. Financial performance
10.3.5. Recent developments
10.3.6. SWOT analysis

10.4. LivaNova

10.4.1. Overview
10.4.2. Business segments
10.4.3. Product portfolio
10.4.4. Financial performance
10.4.5. Recent developments
10.4.6. SWOT analysis

10.5. Smiths Medical

10.5.1. Overview
10.5.2. Business segments
10.5.3. Product portfolio
10.5.4. Financial performance
10.5.5. Recent developments
10.5.6. SWOT analysis

10.6. Boston Scientific Corporation

10.6.1. Overview
10.6.2. Business segments
10.6.3. Product portfolio
10.6.4. Financial performance
10.6.5. Recent developments
10.6.6. SWOT analysis

10.7. Terumo Corporation 

10.7.1. Overview
10.7.2. Business segments
10.7.3. Product portfolio
10.7.4. Financial performance
10.7.5. Recent developments
10.7.6. SWOT analysis

10.8. Fisher & Paykel Healthcare Ltd

10.8.1. Overview
10.8.2. Business segments
10.8.3. Product portfolio
10.8.4. Financial performance
10.8.5. Recent developments
10.8.6. SWOT analysis

10.9. Flexicare Medical

10.9.1. Overview
10.9.2. Business segments
10.9.3. Product portfolio
10.9.4. Financial performance
10.9.5. Recent developments
10.9.6. SWOT analysis

10.10. Medin Medical Innovations

10.10.1. Overview
10.10.2. Business segments
10.10.3. Product portfolio
10.10.4. Financial performance
10.10.5. Recent developments
10.10.6. SWOT analysis

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