Cannula Market Size - By Product (Cardiac, Nasal, Dermatology), By Type (Neonatal, Straight, Winged), By Size (14G, 16G, 18G, 20G, 22G, 24G, 26G), By Material (Plastic, Metal, Silicone), By End-use – Global Forecast to 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCannula Market Size - By Product (Cardiac, Nasal, Dermatology), By Type (Neonatal, Straight, Winged), By Size (14G, 16G, 18G, 20G, 22G, 24G, 26G), By Material (Plastic, Metal, Silicone), By End-use – Global Forecast to 2032
Cannula Market Size
Cannula Market size was valued at USD 162.1 million in 2022 and is projected to reach USD 335 million by 2032. Cannulas are commonly used in medical procedures to deliver or remove fluids, gases, or medications to or from different parts of the body. They are often used in intravenous (IV) equipment to administer fluids, medications, or blood products directly into a vein. Cannulas can also be used for drainage, such as removing excess fluids or gases from body cavities or organs.
Additionally, the rising incidence of infections, growing number of geriatric population base, immunocompromised patients, and chronic illness patients. For instance, according to the World Health Organization (WHO), infection affects an estimated 49 million individuals and causes 11 million deaths globally, every year. Further, around half (49%) of patients with sepsis in intensive care units acquire infection in the hospital, annually.
Furthermore, rising geriatric population base is significantly impacting the expansion of the industry. For instance, 30% of the population base in Japan is already over 60 years of age. In addition, a sedentary lifestyle, lack of physical activities, and unhygienic conditions will further increase the disease burden among geriatric people. Thus, the growing disease burden will upsurge the demand for surgical and non-surgical procedures which increases the requirement for cannulas in healthcare settings.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Cannula Market Size in 2022 | USD 162.1 Million |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 7.6% |
| 2032 Value Projection | USD 335 Million |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 468 |
| Segments covered | Product, Type, Size, Material, End-use, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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COVID-19 Impact
As the COVID-19 pandemic swept across the globe, hospitals were overwhelmed with patients struggling to breathe. This caused a major need for oxygen delivery and respiratory support devices, including nasal cannulas and high-flow nasal cannulas. With the focus on infection prevention, hospitals also stepped up their efforts to stop the spread of infection. This meant using more sterile and disposable medical supplies, like cannulas. As a result, the demand for particular types of cannulas shot up even further.
Cannula Market Trends
As more and more people suffer from long-lasting health problems like diabetes, heart disease, lung disease, and some cancers, the need for medical devices like cannulas is expected to grow. These conditions often require ongoing care and treatment, which often involves using cannulas to deliver medications, fluids, or other treatments. For example, it's estimated that around 8 out of 10 older people have at least one chronic condition, and more than half have at least two. As the number of people with these conditions increases, so does the demand for infection control supplies, including cannulas, since infections are more common in these populations.
Cannula Market Analysis
Based on product, the cannula market is segmented into cardiac, nasal, dermatology, and others. The cardiac segment is further subdivided into venous, arterial, and cardioplegia. The cardiac segment witnessed the largest revenue size at USD 73.2 million in 2022 and is estimated to witness USD 152.8 million by 2032. Cardiac cannulas provide access to the heart chambers and major blood vessels, allowing for various interventions. They can be inserted into the aorta, superior vena cava, inferior vena cava, and other cardiac structures, enabling delivery or removal of blood, medications, and fluids.
Moreover, some cardiac cannulas are equipped with temperature control features, such as heat exchangers or warmers. These devices allow for precise control of the patient's body temperature during cardiac surgery, which is crucial for maintaining optimal conditions and reducing the risk of complications. Furthermore, an increasing availability of cardiovascular devices along with various other businesses working towards creating novel technology.
Cannula market is bifurcated based on the type into neonatal, straight, winged, and others. The straight segment is anticipated to reach at USD 127.9 million by 2032. Straight cannulas are commonly used in conjunction with infusion sets or IV administration sets. These sets include additional components such as tubing, connectors, and control devices, and the straight cannula serves as the entry point for medication or fluid delivery. The compatibility with standard infusion sets makes straight cannulas widely used in healthcare settings.
In addition, straight cannulas are generally more cost-effective compared to more specialized or advanced cannulas. They are widely available and come at lower price points, making them suitable for routine medical procedures and healthcare facilities with budget constraints. Therefore, owing to the aforementioned factors straight cannulas are widely used. However, neonatal cannulas are anticipated to grow at highest CAGR at 7.9% by 2032. Increasing awareness regarding neonatal infant care and rising novel product launches.
The cannula market is segmented by size into 14G, 16G, 18G, 20G, 22G, 24G, and 26G. The 18G segment dominated the industry accounting for more than 25% market share in 2022 and is estimated to witness USD 88.5 million by 2032. 18G cannulas are considered versatile because they can accommodate a variety of medical procedures and applications. They are commonly used for intravenous (IV) therapy, blood transfusions, and other procedures that require the administration of fluids, medications, or blood products.
The 18G size provides an appropriate balance between flow rate and patient comfort for many routine medical interventions. Moreover, the 18G cannulas are widely available in medical settings and are a standard option in many healthcare facilities. Their widespread use has made them familiar to healthcare professionals, which contributes to ease of use and efficient insertion.
Imagine a market filled with different types of cannulas, like straws that help deliver fluids or medicines. These cannulas come in three main flavorsplastic, metal, and silicone. The plastic gang is predicted to dominate the market, like the popular kid in school. By 2032, they're expected to rake in a whopping $190.1 million. Why are they so popular? Well, they're made of flexible stuff like polyurethane or polyethylene. This means they can bend and wiggle like a snake, making them super comfy for patients. Plus, they're as soft as a marshmallow, so they won't irritate your skin. Another cool thing about plastic cannulas is that they're light as a feather compared to metal ones. This makes it easier for patients to bear with them, especially if they need a whole bunch or have to use them for a long time. Finally, plastic cannulas are relatively cheap, which makes them a favorite for budget-conscious hospitals and clinics. So, next time you need a little fluid delivery straw, you know which one to choose!
The cannula market is like a pie, divided into different slices based on where the cannulas are used. The biggest slice goes to hospitals, which take up over half of the market. Hospitals need cannulas to help their patients in emergencies and critical care situations. When a patient is in trouble, doctors and nurses use cannulas to quickly give them medicine, fluids, or blood. This makes cannulas really important in hospitals. Another reason why hospitals use so many cannulas is because they're always doing research and new tests. This means they need to use specialized cannulas for different procedures. And as people in developed countries get richer, they can afford to go to hospitals more often for checkups and treatments, which also increases the demand for cannulas.
U.S. cannula market accounted for USD 61.3 million in 2022 and will grow momentously to reach USD 124.5 million by 2032. The affordability of medical procedures among the target population base and ongoing technological developments are primarily responsible for the development of the industry value. Further, the region's high healthcare spending on health care management and rising disposable income will propel the expansion of the North America industry. Also, the substantial presence of well-established market participants and the favourable regulatory environment result in a number of product approvals and launches, particularly in the U.S.
Cannula Market Share
Some of the notable key industry 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
- Medin Medical Innovations
- Salter Labs
- Vapotherm
Cannula Industry News
- In January 2023, Sterimedix displayed the development of ophthalmic and aesthetic cannulas at Arab Health as a part of its ongoing worldwide market expansion. Such initiative offers competitive edge to the firm in the significant market.
Cannula market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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By Product (USD Million)
- Nasal
- Dermatology
- Cardiac
- Arterial
- Venous
- Cardioplegia
- Others
By Type (USD Million)
- Neonatal
- Straight
- Winged
- Others
By Size (USD Million)
- 14G
- 16G
- 18G
- 20G
- 22G
- 24G
- 26G
By Material (USD Million)
- Plastic
- Metal
- Silicone
By End-use (USD Million)
- Hospitals
- Ambulatory surgical centers
- Specialty centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Poland
- Switzerland
- Norway
- Finland
- Sweden
- Denmark
- The Netherlands
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Taiwan
- Indonesia
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Chile
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Israel
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