Medical Cannula Market size was valued at USD 1.23 Billion in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 2.45 Billion by 2033.
The global medical cannula market was valued at approximately USD 2.5 billion in 2022, with a compound annual growth rate (CAGR) of around 6.1% from 2023 to 2030. This growth is driven by the increasing demand for minimally invasive surgeries, the rising prevalence of chronic diseases, and advancements in medical technology. North America held the largest market share in 2022, accounting for over 40% of the global revenue. This dominance is attributed to the high adoption of advanced healthcare technologies, well established healthcare infrastructure, and the rising number of surgical procedures. The regions market was valued at over USD 1 billion in 2022, and it is expected to maintain steady growth due to continuous innovations in cannula designs and the rising geriatric population. In the Asia Pacific region, the market is projected to witness significant growth, with a CAGR of over 7% from 2023 to 2030. This is attributed to the expanding healthcare industry, increasing healthcare access, and the rising number of surgeries in emerging economies like China and India. The regions market was valued at approximately USD 450 million in 2022 and is expected to see rapid growth due to improving healthcare infrastructure, higher healthcare spending, and an increase in the number of surgical procedures. Additionally, Europe is anticipated to grow steadily, contributing a substantial share to the global market due to rising healthcare awareness and aging populations. The market in Europe was valued at over USD 700 million in 2022, with a steady CAGR forecast for the next few years.
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Boston Scientific
Teleflex
Conmed
Sorin Group
Edward Lifescience
Medtronic
BD
Cardinal Health
Terumo
Smith & Nephew
Getinge
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Medical Cannula Market
Intravenous Cannulas
Endotracheal Cannulas
Nasal Cannulas
Arterial Cannulas
Venous Cannulas
Polyvinyl Chloride (PVC)
Silicone
Polyurethane
Latex
Others
Fluid Administration
Blood Sampling
Medication Delivery
Respiratory Support
Surgical and Anesthetic Procedures
Hospitals
Ambulatory Surgical Centers
Home Care Settings
Clinics
Others
Direct Sales
Online Sales
Distributors
Pharmacies
Wholesalers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Medical Cannula Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Medical Cannula Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Medical Cannula Market, By Type
6. Global Medical Cannula Market, By Application
7. Global Medical Cannula Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Medical Cannula Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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