USD 197.5 million
Report ID:
SQMIG35J2056 |
Region:
Global |
Published Date: February, 2025
Pages:
219
|Tables:
69
|Figures:
75
Global Cannula System Market size was valued at USD 197.5 million in 2023 and is poised to grow from USD 212.43 million in 2024 to USD 380.56 million by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
One of the primary drivers of the global cannula market is the rising prevalence of diabetes. The increasing incidence of diabetes, particularly type 2 diabetes, is fueling the demand for efficient and accurate blood glucose monitoring systems. Additionally, the growing awareness about the importance of regular glucose monitoring among diabetic patients is contributing to market growth. Technological advancements play a crucial role in the market expansion of blood glucose monitoring devices. Innovations such as continuous glucose monitoring (CGM) systems, which provide real-time glucose readings, have gained significant popularity. These devices offer improved accuracy, convenience, and better glucose control for individuals with diabetes. Furthermore, the integration of advanced features like smartphone connectivity and data analysis capabilities is enhancing the user experience and driving market growth.
US Cannula System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 197.5 million
Largest Segment
Nasal Cannulas
Fastest Growth
Nasal Cannulas
Growth Rate
7.6% CAGR
To get more reports on the above market click here to Buy The Report
Global Cannula System Market is segmented by Product, Type, Material, Size, End-use and region. Based on Product, the market is segmented into Cardiac, Dermatology, Nasal and Others. Based on Type, the market is segmented into Neonatal cannula, Straight cannula, Winged cannula, Wing With Port and Winged With Stop Cork. Based on Material, the market is segmented into Plastic, Metal and Silicone. Based on Size, the market is segmented into 14G, 16G, 18G, 20G, 22G, 24G and 26G. Based on End-use, the market is segmented into Hospital, Ambulatory Surgical Centers and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Nasal cannulas are widely used in various medical applications, including oxygen therapy, providing a comfortable and efficient delivery of oxygen to patients. Thus, this segment dominated the market in 2022. The high prevalence of respiratory disorders, such as chronic obstructive pulmonary disease (COPD) and asthma, contributes to the strong demand for nasal cannulas. Additionally, the increasing adoption of home healthcare settings further drives the market for nasal cannulas, as they are commonly used in long-term oxygen therapy for patients with respiratory conditions.
On the other hand, the fastest growing type in the global cannulas market is dermatology cannulas. Dermatology cannulas are specifically designed for various dermatological procedures, such as dermal fillers, lip augmentation, and wrinkle reduction. These cannulas offer advantages over traditional needles, including reduced trauma, minimized bruising, and improved precision during aesthetic treatments. The growing demand for minimally invasive cosmetic procedures and the increasing awareness of the benefits offered by dermatology cannulas are driving their rapid growth in the market.
Cardiovascular surgery held the position of dominance in the global cannulas market in 2022. This can be attributed to the critical role of cannulas in cardiovascular procedures such as coronary artery bypass grafting (CABG), valve replacement, and angioplasty. The increasing prevalence of cardiovascular diseases, coupled with the growing adoption of minimally invasive surgical techniques, has contributed to the dominance of cardiovascular surgery as the primary application for cannulas.
On the other hand, plastic surgery is expected to be the fastest-growing application in the global cannulas market. The rising demand for cosmetic and reconstructive procedures has propelled the growth of plastic surgery, driving the demand for cannulas. Cannulas are widely used in procedures such as liposuction, breast augmentation, facelifts, and rhinoplasty. The advancements in cannula design and the development of innovative techniques have further fueled the growth of plastic surgery as the fastest-growing segment in the cannulas market.
To get detailed analysis on other segments, Request For Free Sample Report
In terms of dominance, North America emerged as the most dominant region in the global cannulas market in 2022. This can be attributed to several factors, including well-established healthcare infrastructure, high healthcare expenditure, and the presence of key market players. The region is home to technologically advanced healthcare facilities and a large patient pool, contributing to the significant demand for various types of cannulas.
While North America dominates the cannulas market, the Asia Pacific region is witnessing the fastest growth. The market growth in Asia Pacific can be attributed to factors such as a large population base, increasing healthcare expenditure, and growing awareness about the benefits of minimally invasive surgeries. Additionally, emerging economies like China and India are witnessing rapid urbanization and improving healthcare infrastructure, which further propels the demand for cannulas.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Growing Demand for Minimally Invasive Procedures
Availability of Alternative Products
Request Free Customization of this report to help us to meet your business objectives.
Key players in the cannulas market are indulging in strategic initiatives such as mergers and acquisitions, partnerships, collaborations, and product launches to gain a competitive edge and expand their market presence. These players focus on developing innovative and technologically advanced cannulas to meet the evolving needs of healthcare professionals and improve patient outcomes. Manufacturers in the cannulas market often compete based on factors such as product quality, performance, reliability, and cost-effectiveness. They invest in research and development activities to enhance their product portfolios and introduce new cannula designs and materials. Companies also emphasize maintaining regulatory compliance to ensure their products meet the necessary safety and quality standards.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cannulas market analysis, it is witnessing substantial growth due to factors such as the increasing prevalence of chronic diseases, the rise in surgical procedures, and the demand for minimally invasive surgeries. The market is segmented based on product type, material, application, end-user, and region. North America dominates the market, while Europe, Asia Pacific, and other regions also offer growth opportunities. Key players in the industry strive for product innovation and strategic collaborations to maintain a competitive edge. As the healthcare landscape continues to evolve, the cannulas market is expected to flourish, driven by advancements in technology and the increasing demand for efficient and minimally invasive medical procedures.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 197.5 million |
Market size value in 2032 | USD 380.56 million |
Growth Rate | 7.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Cannula System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cannula System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cannula System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cannula System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
Cannula System Market size was valued at USD 16.57 Billion in 2023 and is poised to grow from USD 18.21 Billion in 2024 to USD 38.76 Billion by 2032, growing at a CAGR of 9.90% during the forecast period (2025-2032).
Key players in the cannulas market are indulging in strategic initiatives such as mergers and acquisitions, partnerships, collaborations, and product launches to gain a competitive edge and expand their market presence. These players focus on developing innovative and technologically advanced cannulas to meet the evolving needs of healthcare professionals and improve patient outcomes. Manufacturers in the cannulas market often compete based on factors such as product quality, performance, reliability, and cost-effectiveness. They invest in research and development activities to enhance their product portfolios and introduce new cannula designs and materials. Companies also emphasize maintaining regulatory compliance to ensure their products meet the necessary safety and quality standards. 'Medtronic (Ireland)', 'Johnson & Johnson (US)', 'Becton, Dickinson and Company (US)', 'Teleflex Incorporated (US)', 'Smiths Medical (UK)', 'Terumo Corporation (Japan)', 'Edwards Lifesciences Corporation (US)', 'CONMED Corporation (US)', 'Boston Scientific Corporation (US)', 'B. Braun Melsungen AG (Germany)', 'Cook Medical (US)', 'Merit Medical Systems, Inc. (US)', 'Vygon (France)', 'Nipro Medical Corporation (Japan)', 'AngioDynamics, Inc. (US)', 'Romsons Group of Industries (India)', 'Medline Industries, Inc. (US)', 'Well Lead Medical Co., Ltd. (China)', 'Global Medikit Limited (India)', 'Smith & Nephew plc (UK)'
The global market for cannulas is witnessing growth due to the rising demand for minimally invasive surgical procedures like laparoscopy, arthroscopy, and cosmetic surgeries. The preference for these techniques over traditional open surgeries is driving the adoption of cannulas. Minimally invasive procedures offer advantages such as smaller incisions, quicker recovery, reduced pain, and fewer postoperative complications, leading to increased utilization of cannulas.
Rise in Success Rate of Minimally-Invasive Surgery: One prominent trend is the increasing adoption of minimally invasive surgical procedures, which has led to a growing demand for specialized cannulas. Minimally invasive techniques offer advantages such as smaller incisions, reduced scarring, faster recovery times, and lower risk of complications. As a result, healthcare providers are seeking cannulas that enable precise and controlled access to the targeted areas while minimizing tissue trauma. Manufacturers are responding to this trend by developing cannulas with advanced features such as smaller diameters, flexible designs, and improved maneuverability, enhancing their suitability for minimally invasive procedures.
In terms of dominance, North America emerged as the most dominant region in the global cannulas market in 2022. This can be attributed to several factors, including well-established healthcare infrastructure, high healthcare expenditure, and the presence of key market players. The region is home to technologically advanced healthcare facilities and a large patient pool, contributing to the significant demand for various types of cannulas.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG35J2056
sales@skyquestt.com
USA +1 351-333-4748