Medical Cannula Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Medical Cannula Market Analysis

During the time frame of the forecast, the medical cannula market is expected to grow at a CAGR of 6.5%.

At the start of the pandemic, the health care system was severely affected by things like surgeries being canceled, appointments being late, and long wait times.The surgeries were put off, and the number of surgeries went down, which had a big effect on how fast the medical cannula market grew.For example, a study published in December 2021 in PubMed found that the number of surgeries and other elective procedures in the US dropped by 48% during the first shutdown compared to the same time period after the pandemic.This decline in surgical procedures notably impacted the demand for medical cannulas. However, as hospital admissions of chronic disease patients increased in the later stages of the pandemic, the market studied is likely to grow.

The main things that drive the studied market are things like the growing number of patients, the growing number of surgeries and minimally invasive procedures, and the growing number of technological advances.For instance, as per the AIHW Elective Surgery Activity Report, the number of patients for elective surgeries added in 2020-21 (893,200) was a 6.6% increase from the previous year. Hence, an increase in the number of surgeries is likely to create a demand for medical cannulas used during surgeries, thereby contributing to market growth.

Also, the market is likely to grow because of improvements in technology and research studies that show how the medical cannula can be useful in different situations. For instance, as per the article published in October 2022 in ScienceDirect, the study showed the implantation and support for terminal heart failure in pediatric patients using the Berlin Heart EXCOR Venous Cannula. Because of this, these kinds of research studies and case presentations are likely to increase the demand for medical cannulas and help the market grow.

Also, microcannulas make it easier to remove more fat during cosmetic surgeries, so they are used a lot in plastic surgery and cosmetic surgery.As the target population around the world became more interested in how they looked, so did the demand for cosmetic and plastic surgery.For example, the ISAPS report, which came out in January 2022, said that breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), rhinoplasty (852,554), and abdominoplasty (765,248) were the top 5 cosmetic surgeries done around the world in 2020.Cannulas used in aesthetic procedures are likely to become more popular because there are so many surgeries in the field of aesthetics.

Due to the rise in surgical procedures and the number of studies showing the benefits of medical cannulas, the market is expected to grow at a healthy rate over the next few years. However, the risk of injury to the nerves and other complications due to improper stabilization of the cannula is predicted to hinder market demand.

Medical Cannula Market Trends

This section covers the major market trends shaping the Medical Cannula Market according to our research experts:

Nasal Cannula Segment is Expected to Witness a Significant Growth in the Market Over the Forecast Period

Medical Cannula Industry Segmentation

As per the scope of the report, a medical cannula is a hollow, flexible surgical tube with a sharp inner core that is inserted into an artery or a vein or another body cavity to draw off the fluid or to introduce medication intravenously for treatment or medical investigational procedures like infusing medication or obtaining blood samples. The Medical Cannula Market is Segmented by Product (Cardiac, Vascular, Arthroscopy,aNasal,d Others), Type (Neonatal, Straight, WinWinged,nd Others), Application (Cardiovascular, Oxygen Therapy, Orthopaedic, NeNeurology,and Others), Material (Silicone, PPlastic, and Metal), End User (Hospital, Ambulatory Surgical Centers, and Others),, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) and Nasal and Others), Type (Neonatal, Straight, Winged and Others), Application (Cardiovascular, Oxygen Therapy, Orthopaedic, Neurology and Others), Material (Silicone, Plastic and Metal), End User (Hospital, Ambulatory Surgical Centers, and Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.