Future Market Insights has announced the addition of the “Medical Cannula Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 04/21/2016 -- Cannula is a flexible hollow tube with a retractable and sharp inner core that is inserted into a vein or an artery or in other body cavities of a patient for the removal or delivery of fluids for treatment or medical investigational procedures like infusing medication or obtaining blood samples. Key factors for the increasing demand of medical cannulas are reducing the duration of procedure with their use and faster recovery times of patients. Medical cannulas which are present in the global market are manufactured by using plastic, metal, silicon. Silicon cannulas market is expected to grow with the highest growth rate over the forecast period due to their non-irritant nature of material and high usage in the oxygen therapies for regular supply of oxygen to respiration disorder patients and in elderly people. Additionally, silicon cannulas are more soft and flexible in nature owing to which its application is manageable and comfortable for the doctors as well as patients.
Medical Cannula Market: Drivers & Restraints
The key factors for the lucrative growth of global medical cannula market are increasing corporate and government funding in research and development field, increasing number of patients undergoing various surgical procedures, enhancement in health facilities, rise in pool of surgeries in the geriatric population, growing requirement for minimally invasive surgery procedures and increasing change in lifestyle related diseases such as obesity. Introduction of modern technology by market competitors such as single use cannulas which are being used by the health care professionals for surgical use is another factor driving the growth of medical cannula market. Recently new injection molding technology introduced in the global medical cannula market for the manufacturing of plastic medical needles is expected to enhance the global cannula market over the period of forecast. The limitations in the growth of global medical cannula market are inadequate cannula stabilization that can injure nerve and other complications niddlestick injury.
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Medical Cannula Market: Segmentation
Medical cannula market is classified on the basis of product, application, material, end users and geography.
Based on product, the global medical cannula market is segmented into the following:
Others (Floating Spinal Cannulas, Vitreoretinal Cannulas, and Hysterosalpingography Cannulas)
Based on application, the global medical cannula market is segmented into the following:
Others (Ophthalmology, Gynecology)
Based on material, the global medical cannula market is segmented into following:
Based on end users, the global medical cannula market is segmented into following:
Ambulatory Surgical Centers
Others (Blood Banks and Home Healthcare Facilities)
Medical Cannula Market: Overview
With rapid advancement in technology and increasing number of surgical procedures, the global market of medical cannula is expected to expand at healthy CAGR during the forecast period. Medical cannulas are available in different gauge sizes in the global market (14G, 16G, 18G, 20G, 22G, 24G and 26G), these different sizes of cannulas are used according to the patient and application. The major share of medical cannulas are covered by cardiac cannulas owing to high growth rate of cardiovascular diseases and large number of hospitalized patients with cardiac conditions. Maximum share of medical cannula devices are used in hospitals.
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Medical Cannula Market: Region-wise outlook
Depending on geographic region, global medical cannula market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America held largest share in the global market of medical cannula followed by Europe, Japan and Asia Pacific owing to high occurrence of several diseases and disorders, great advancement in field of technology and developed healthcare infrastructure. The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the global medical cannula market, due to large number of surgical procedures globally.
Medical Cannula Market: Key Players
Some of the key participating global players in medical cannula global market are Boston Scientific Corporation, Teleflex Incorporated, Conmed Corporation, Sorin Group, Edward Lifescience Corporation, Medtronic plc, Terumo Corporation, Smith & Nephew and Maquel Holding B.V. & Co. KG.