Global Cannula Market Size & Outlook, 2024-2030
Global cannula market, 2018-2030 (US$M)
Related Markets
Global cannula market highlights
- The global cannula market generated a revenue of USD 178.3 million in 2023 and is expected to reach USD 294.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.4% by 2030.
- In terms of segment, cardiac accounted for a revenue of USD 82.7 million in 2023.
- Dermatology is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 178.3 million |
| Market revenue in 2030 | USD 294.6 million |
| Growth rate | 7.4% (CAGR from 2024 to 2030) |
| Largest segment | Cardiac |
| Fastest growing segment | Dermatology |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiac, Dermatology, Nasal |
Other key industry trends
- In terms of revenue, the North America accounted for 41.0% of the global cannula market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 9.0 million by 2030.
Cardiac was the largest segment with a revenue share of 46.38% in 2023. Horizon Databook has segmented the Global cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
The prevalence of lifestyle-associated diseases has been increasing rapidly in developing countries in the last few years. Thus, the demand for healthcare services for lifestyle-associated diseases, such as diabetes, cardiovascular diseases, cancer, is anticipated to increase, thereby driving market growth. Conditions such as diabetes mellitus, obesity, hypertension, and dyslipidemia are major risk factors for cardiovascular diseases.
In the UK, lifestyle-related diseases such as diabetes, cancer, and heart disease account for 90% of deaths each year. Cardiac arrhythmia, hypertension, ischemic conditions, sleep apnea, diabetes, hyperlipidemia, asthma, and chronic obstructive pulmonary disease are other chronic conditions that are reported globally. Such rise in cases of lifestyle-related disorders is anticipated to fuel market growth.
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Cannula Market Scope
Cannula Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LivaNova PLC | View profile | 2900 | 20 Eastbourne Terrace, London, United Kingdom, W2 6LG | https://www.livanova.com |
| Edwards Lifesciences Corp | View profile | 19800 | One Edwards Way, Irvine, CA, United States, 92614 | https://www.edwards.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Boston Scientific Corp | View profile | 48000 | 300 Boston Scientific Way, Marlborough, MA, United States, 01752-1234 | https://www.bostonscientific.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Becton Dickinson & Co | View profile | 73000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | https://www.bd.com |
Global cannula market size, by region, 2018-2030 (US$M)
Top 10 countries: Cannula market size, 2023 (US$M)
Global cannula market share, by product, 2023 & 2030 (%, US$M)
Cannula market: Opportunity assessment by country
Global cannula market, by region, 2023 (US$M)
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