Brazil Cannula Market Size & Outlook, 2023-2030
Brazil cannula market, 2018-2030 (US$M)
Related Markets
Brazil cannula market highlights
- The Brazil cannula market generated a revenue of USD 6.3 million in 2023 and is expected to reach USD 10.1 million by 2030.
- The Brazil market is expected to grow at a CAGR of 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 6.3 million |
| Market revenue in 2030 | USD 10.1 million |
| Growth rate | 7% (CAGR from 2023 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, Brazil accounted for 3.5% 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 Latin America, Brazil cannula market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 3.2 million by 2030.
Cardiac was the largest segment with a revenue share of 46.03% in 2023. Horizon Databook has segmented the Brazil cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
Growing healthcare expenditure, improving healthcare services, and technological advancements in the country are expected to contribute to the growth of the market during the forecast period. For instance, according to the World Bank, private and public healthcare expenditure in Brazil was 8.5% of GDP in 2016.
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Cannula Market Scope
Cannula Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil cannula market size, by product, 2018-2030 (US$M)
Brazil Cannula Market Outlook Share, 2023 & 2030 (US$M)
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