DUBAI, U.A.E, Aug. 24, 2020
DUBAI, U.A.E, Aug. 24, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the medical cannula market is forecasted to expand at a healthy CAGR of 7% between 2020 and 2030.
According to the National Center for Biotechnology Information (NCBI), over 234 Mn surgeries are conducted every year globally and the number continues to increase annually. This is expected to play a crucial role in the growth of the global medical cannula market for the years to come.
Medical cannula finds adoption in applications associated with surgeries such as the delivery of therapeutic & diagnostic agents, anesthetic procedures, suction, and irrigation. Along similar lines, inclination among patients towards minimally invasive surgeries is further fuelling the demand for medical cannula.
Furthermore, the patient-pool suffering from cardiovascular disorders and other chronic diseases such as diabetes and hypertension is proliferating, thereby necessitating medical cannula in treatment. This will continue to drive the global medical cannula market on a remunerative path through the forecast period.
"Market players across the globe are tapping on the demand among diabetes patients. Moreover, the outbreak of Covid-19 is catalyzing the growth of the market and the uptrend is expected to prevail through the first two quarters of 2021", says FMI analyst.
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Medical Cannula Market - Key Takeaways
Medical Cannula Market - Key Trends
Medical Cannula Market - Regional Analysis
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Medical Cannula Market - Competitive Landscape
Some of the key players operating in the market include Medtronic plc, Becton, Dickinson and Company, Stryker Corporation, Boston Scientific Corporation, Teleflex Incorporated, Conmed Corporation, B. Braun Melsungen AG., Smith & Nephew, Getinge AB, Ypsomed Holding AG, Terumo Corporation, and Harsoria Healthcare Pvt. Ltd. Market players are focusing on expanding their product portfolio by launching new products to gain a competitive edge. On these lines,
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Medical Cannula Market - Taxonomy
Middle East & Africa
Get Valuable Insights into the Medical Cannula Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global medical cannula market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the medical cannula market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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