U.S. Cannula Market Size & Outlook, 2024-2030
Related Markets
U.S. cannula market highlights
- The U.S. cannula market generated a revenue of USD 62.7 million in 2023 and is expected to reach USD 107.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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.
Cannula market data book summary
| Market revenue in 2023 | USD 62.7 million |
| Market revenue in 2030 | USD 107.5 million |
| Growth rate | 8% (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, U.S. accounted for 35.2% 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 North America, U.S. cannula market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 107.5 million by 2030.
Cardiac was the largest segment with a revenue share of 46.25% in 2023. Horizon Databook has segmented the U.S. cannula market based on cardiac, dermatology, nasal covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. held the largest share of North America cannula market. This growth can be attributed to presence of large patient pool and increase in the number of surgeries being performed. As per ASPS, minimally invasive cosmetic procedures have increased around 200% since 2000. Among the 17.5 million surgeries performed in 2017, around 15.7 million were minimally invasive cosmetic procedures.
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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 |
U.S. cannula market size, by type, 2018-2030 (US$M)
U.S. Cannula Market Outlook Share, 2023 & 2030 (US$M)
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