SAN FRANCISCO, December 3, 2018
SAN FRANCISCO, December 3, 2018 /PRNewswire/ --
The global cannula market size is expected to reach USD 212.0 million by 2026 at a 7.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for minimally invasive surgeries, growing number of surgeries among geriatric population, advancement in healthcare facilities, and rising government support and R&D investments are anticipated to drive the cannula market.
The market is also driven by increasing prevalence of lifestyle-related diseases such as obesity. Market players are continuously involved in introducing new technologies to cater to this trend. PROTEK Duo cannula, new injection molding technology and single-use cannulas for surgery, is one such example.
Key players operating in the market are using different strategies such as new product development, investment in R&D, acquisitions, partnerships, joint ventures, and agreements to increase their foothold in this market.
The cannula market in developed economies, such as U.S., Germany, France, and Australia, is comparatively mature owing to presence of well-established market players in these countries and high demand for such products.
On the other hand, developing countries in Asia and Latin America currently have a moderate adoption rate of these products, thus presenting more scope for market expansion. Growth of medical tourism and rising patient awareness in these countries are anticipated to propel the market. Manufacturing companies investing in these rapidly developing markets are expected to grow at a lucrative rate, provided pricing and distribution activities are undertaken efficiently.
Browse full research report with TOC on "Cannula Market Size, Share & Trends Analysis Report By Product (Dermatology, Cardiac, Nasal), By Type, By Material, By Size, By End Use (Hospital, ASC), And Segment Forecasts, 2018 - 2026" at: https://www.grandviewresearch.com/industry-analysis/cannulas-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global cannula market report on the basis of product, type, material, size, end use, and region:
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About Grand View Research
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