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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Cannula Market By Product Type, By Application, By End User and Geography
Cannula Market By Product Type, By Application, By End User and Geography
Cannula Market size was valued at US$ 145.9 Million in 2023 and is expected to grow at a significant CAGR of 6.1% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by Product type, Application, and End-User. By product, the market has been segmented into General, Nasal Cannula, Vascular Cannula, Venous Cannula, Cardiac Cannula, Arthroscopy Cannula, Intravenous Cannula, Dermatology Cannula, Others. The Nasal Cannula segment is likely to be the largest and fastest-growing segment in terms of type. Based on Application market is segmented into Orthopedics Surgery, General Surgery, Cardiovascular Surgery, Plastic Surgery, Oxygen Therapy, Others. Among these, the Orthopedics Surgery segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgery Centers, and Others. The hospitals segment accounts for the largest share in 2021. Clinics is the second-largest share during the forecast period 2024-2030 according to Precision Business Insights.
In May 2020, Medtronic announced the U.S. launch of Kyphon Assist Directional Cannula for balloon kyphoplasty. The market players are also focusing on market consolidation activities such as acquisitions and strategic partnerships which will help them to hold a dominant position in the market.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The increase in demand for minimally invasive surgeries, the rise in the number of surgeries among the geriatric population, and the significant increase in the prevalence of chronic lifestyle-related diseases such as diabetes and cardiovascular diseases are the primary factors that are driving the growth
In 2023, North America emerged as the dominant player in the market, boasting the highest revenue share at 39.94%. Furthermore, it is anticipated that North America will continue to thrive, projected to experience a Compound Annual Growth Rate (CAGR) of 7.6% throughout the forecast period. Meanwhile, the Asia Pacific region is poised for remarkable growth in the coming years. This optimism stems from a significant upsurge in the geriatric population within the region, resulting in a substantial patient demographic characterized by individuals grappling with chronic ailments, including cardiovascular diseases and diabetes
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
6.1% |
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BY Product Type |
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By Application |
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By End User |
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By Region |
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The global cannula market size was valued at US$ 145.9 million in 2023 and is expected to grow at a significant CAGR of 6.1% from 2024 to 2030.
The major players in the market are Medtronic, Smith & Nephew, Edwards Life sciences Corporation, Terumo Cardiovascular System Corporation, LivaNova PLC, CONMED Corporation, McKesson Medical-Surgical Inc., ISPG Inc., Denex International, Smiths Medical.
Asia-Pacific is the fastest-growing region for Cannula Market
| 1. Executive Summary |
| 2. Global Cannula Market Introduction |
| 2.1. Global Cannula Market - Taxonomy |
| 2.2. Global Cannula Market -Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Application |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Cannula Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Cannula Market Dynamic Factors - Impact Analysis |
| 3.6. Global Cannula Market - Competition Landscape |
| 4. Global Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Cannula Market, By Product Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Nasal Cannula |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Vascular Cannula |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Venous Cannula |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Cardiac Cannula |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Arthroscopy Cannula |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Intravenous Cannula |
| 5.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Dermatology Cannula |
| 5.7.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Others |
| 5.8.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6. Global Cannula Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Orthopedics Surgery |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. General Surgery |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Cardiovascular Surgery |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Plastic Surgery |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Oxygen Therapy |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Cannula Market Forecast, By End User, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Clinics |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Ambulatory Surgery Centers |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Cannula Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Region, 2022 - 2028 |
| 9. North America Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Nasal Cannula |
| 9.1.2. Vascular Cannula |
| 9.1.3. Venous Cannula |
| 9.1.4. Cardiac Cannula |
| 9.1.5. Arthroscopy Cannula |
| 9.1.6. Intravenous Cannula |
| 9.1.7. Dermatology Cannula |
| 9.1.8. Others |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Orthopedics Surgery |
| 9.2.2. General Surgery |
| 9.2.3. Cardiovascular Surgery |
| 9.2.4. Plastic Surgery |
| 9.2.5. Oxygen Therapy |
| 9.2.6. Others |
| 9.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Hospitals |
| 9.3.2. Clinics |
| 9.3.3. Ambulatory Surgery Centers |
| 9.3.4. Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Country, 2022 - 2028 |
| 9.6. North America Cannula Market Dynamics - Trends |
| 10. Europe Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Nasal Cannula |
| 10.1.2. Vascular Cannula |
| 10.1.3. Venous Cannula |
| 10.1.4. Cardiac Cannula |
| 10.1.5. Arthroscopy Cannula |
| 10.1.6. Intravenous Cannula |
| 10.1.7. Dermatology Cannula |
| 10.1.8. Others |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Orthopedics Surgery |
| 10.2.2. General Surgery |
| 10.2.3. Cardiovascular Surgery |
| 10.2.4. Plastic Surgery |
| 10.2.5. Oxygen Therapy |
| 10.2.6. Others |
| 10.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Hospitals |
| 10.3.2. Clinics |
| 10.3.3. Ambulatory Surgery Centers |
| 10.3.4. Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Country, 2022 - 2028 |
| 10.6. Europe Cannula Market Dynamics - Trends |
| 11. Asia-Pacific Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Nasal Cannula |
| 11.1.2. Vascular Cannula |
| 11.1.3. Venous Cannula |
| 11.1.4. Cardiac Cannula |
| 11.1.5. Arthroscopy Cannula |
| 11.1.6. Intravenous Cannula |
| 11.1.7. Dermatology Cannula |
| 11.1.8. Others |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Orthopedics Surgery |
| 11.2.2. General Surgery |
| 11.2.3. Cardiovascular Surgery |
| 11.2.4. Plastic Surgery |
| 11.2.5. Oxygen Therapy |
| 11.2.6. Others |
| 11.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Hospitals |
| 11.3.2. Clinics |
| 11.3.3. Ambulatory Surgery Centers |
| 11.3.4. Others |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Country, 2022 - 2028 |
| 11.6. Asia-Pacific Cannula Market Dynamics - Trends |
| 12. Latin America Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Nasal Cannula |
| 12.1.2. Vascular Cannula |
| 12.1.3. Venous Cannula |
| 12.1.4. Cardiac Cannula |
| 12.1.5. Arthroscopy Cannula |
| 12.1.6. Intravenous Cannula |
| 12.1.7. Dermatology Cannula |
| 12.1.8. Others |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Orthopedics Surgery |
| 12.2.2. General Surgery |
| 12.2.3. Cardiovascular Surgery |
| 12.2.4. Plastic Surgery |
| 12.2.5. Oxygen Therapy |
| 12.2.6. Others |
| 12.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Hospitals |
| 12.3.2. Clinics |
| 12.3.3. Ambulatory Surgery Centers |
| 12.3.4. Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Country, 2022 - 2028 |
| 12.6. Latin America Cannula Market Dynamics - Trends |
| 13. Middle East and Africa Cannula Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Nasal Cannula |
| 13.1.2. Vascular Cannula |
| 13.1.3. Venous Cannula |
| 13.1.4. Cardiac Cannula |
| 13.1.5. Arthroscopy Cannula |
| 13.1.6. Intravenous Cannula |
| 13.1.7. Dermatology Cannula |
| 13.1.8. Others |
| 13.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Orthopedics Surgery |
| 13.2.2. General Surgery |
| 13.2.3. Cardiovascular Surgery |
| 13.2.4. Plastic Surgery |
| 13.2.5. Oxygen Therapy |
| 13.2.6. Others |
| 13.3. End User Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Hospitals |
| 13.3.2. Clinics |
| 13.3.3. Ambulatory Surgery Centers |
| 13.3.4. Others |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Cannula Market - Opportunity Analysis Index, By Product Type, By Application, By End User, and Country, 2022 - 2028 |
| 13.6. MEA Cannula Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Medtronic |
| 14.2.2. Smith & Nephew |
| 14.2.3. Edwards Life sciences Corporation |
| 14.2.4. Terumo Cardiovascular System Corporation |
| 14.2.5. LivaNova PLC |
| 14.2.6. CONMED Corporation |
| 14.2.7. McKesson Medical-Surgical Inc. |
| 14.2.8. ISPG Inc. |
| 14.2.9. Denex International |
| 14.2.10. Smiths Medical |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.