Germany Cannula Market Size & Outlook, 2024-2030
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Germany cannula market highlights
- The Germany cannula market generated a revenue of USD 10.9 million in 2023 and is expected to reach USD 18.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, cardiac was the largest revenue generating product in 2023.
- Dermatology is the most lucrative product segment registering the fastest growth during the forecast period.
Cannula market data book summary
| Market revenue in 2023 | USD 10.9 million |
| Market revenue in 2030 | USD 18.2 million |
| Growth rate | 7.7% (CAGR from 2024 to 2030) |
| Largest segment | Cardiac |
| Fastest growing segment | Dermatology |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiac, Dermatology, Nasal |
| Key market players worldwide | Medtronic PLC, Becton Dickinson & Co, Edwards Lifesciences Corp, LivaNova PLC, Smiths Group PLC, Boston Scientific Corp |
Other key industry trends
- In terms of revenue, Germany accounted for 6.1% of the global cannula market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK cannula market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 15.4 million by 2030.
Cardiac was the largest segment with a revenue share of 45.87% in 2023. Horizon Databook has segmented the Germany cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
The demographics and presence of a large patient pool in Germany are driving the demand for medical technologies in the market. Germany’s aging population, which accounts for almost 20% of the total population in Western Europe, has led to an increase in the demand for diagnostics, advanced technologies, minimally invasive surgeries, and therapeutics. This makes German medical devices market the largest in Europe and the third largest in the world.
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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 |
Germany cannula market size, by product, 2018-2030 (US$M)
Germany Cannula Market Outlook Share, 2023 & 2030 (US$M)
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