Cannulas are tubes which are inserted inside the body for the removal or delivery of fluid for treatment or medical investigational procedures such as administering medicines or obtaining blood samples. Significant factors for the rising demand of medical cannulas are shortening of procedure duration with their use and faster patient recovery times. The global cannulas market is expected to witness lucrative growth during the forecast period as there are increasing government and corporate funding in R&D, increasing pool of patients undergoing surgical procedures, advancement in healthcare facilities, increasing number of surgeries in the geriatric population, increasing demand for minimally invasive surgery (MIS) procedures, and increasing prevalence of lifestyle induced diseases such as obesity, introduction of new technology development by market partners such as single-use cannulas for surgical use, introduction of PROTEK Duo cannula, and new injection molding technology developed for the production of plastic medical needles.
The cannulas market is segmented on the basis of product, application, end users, and material. Silicone, metal and plastic cannulas are available in the market depending upon their application. Silicone cannulas are expected to witness fastest growth owing to their higher usage in oxygen therapies for maintaining continuous supply of oxygen to the patients and elderly people suffering respiratory disorders. The cannulas market offers nasal, arthroscopy, vascular, dermatology, cardiac, hysterosalpingography, vitreoretinal, floating, and spinal cannulas to be used at ambulatory surgical centers, hospitals home healthcare facilities, and blood banks. Hospitals account for the largest share of revenue for 2014 owing to increasing number of patients under surgical procedures and treatments. Cannulas find application in procedures relating to oxygen therapy, cosmetic plastic surgery, general surgery, cardiovascular surgery, orthopedic surgery, ophthalmology, gynecology, neurology and diabetic treatments. Cannulas also find further application in medical surgical procedures relating to anesthesia, irrigation, hydrodissection, lacrimal, refractive and retinal applications.
The geographical analysis of cannulas market divides it into North America, Europe, Asia-Pacific, Latin America and MEA. North America accounts for the largest market share for 2014. However, Asia-Pacific is expected to grow at a significant rate in the next six years. This expected growth can be attributed for by the increasing R&D investments, increasing government and corporate support, increasing awareness about minimally invasive surgery (MIS) in different disorders. China, India, and Japan are expected to witness lucrative growth in the Asia-Pacific region. The key participants in the cannulas market are Terumo Corporation, Medtronic plc, Edward Life sciences Corp., Sorian Group, Visitec Cannula, Boston scientific corp., Harsoria Healthcare Pvt. Ltd., La-med Healthcare. The global cannulas market is highly competitive because of the presence of well established firms and efforts made by new entrants to occupy market share.
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