North America Cannula Market Size & Outlook, 2023-2030
North America cannula market, 2018-2030 (US$M)
Related Markets
North America cannula market highlights
- The North America cannula market generated a revenue of USD 73.0 million in 2023.
- The market is expected to grow at a CAGR of 7.8% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 73.0 million |
| Market revenue in 2030 | USD 123.2 million |
| Growth rate | 7.8% (CAGR from 2023 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 |
| 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, North America region accounted for 41.0% of the global cannula market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55.3 million by 2030.
Cardiac was the largest segment with a revenue share of 46.44% in 2023. Horizon Databook has segmented the North America cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Cannula market in North America can be attributed to advancements in healthcare infrastructure, increase in the number of patients undergoing surgeries, rise in government support, growth in investments in R&D, and increase in the number of minimally invasive procedures being performed.
However, factors such as stringent regulatory framework in some countries may restrain the market growth. In addition, the demand for cosmetic surgery is increasing in North America. As per American Society of Plastic Surgeons (ASPS) in 2018, there was continued growth in cosmetic procedures over the last year.
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Cannula Market Scope
Cannula Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America cannula market size, by country, 2018-2030 (US$M)
North America Cannula Market Outlook Share, 2023 & 2030 (US$M)
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