Medical Cannula Market Expected to Expand at a Steady Cagr Through 2025

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Date Submitted: 12/21/2015 10:49 PM

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Cannula is a flexible hollow tube with a retractable and sharp inner core that is inserted into a vein or an artery or in other body cavities of a patient for the removal or delivery of fluids for treatment or medical investigational procedures like infusing medication or obtaining blood samples. Key factors for the increasing demand of medical cannulas are reducing the duration of procedure with their use and faster recovery times of patients. Medical cannulas which are present in the global market are manufactured by using plastic, metal, silicon. Silicon cannulas market is expected to grow with the highest growth rate over the forecast period due to their non-irritant nature of material and high usage in the oxygen therapies for regular supply of oxygen to respiration disorder patients and in elderly people. Additionally, silicon cannulas are more soft and flexible in nature owing to which its application is manageable and comfortable for the doctors as well as patients.

Medical Cannula Market: Drivers & Restraints

The key factors for the lucrative growth of global medical cannula market are increasing corporate and government funding in research and development field, increasing number of patients undergoing various surgical procedures, enhancement in health facilities, rise in pool of surgeries in the geriatric population, growing requirement for minimally invasive surgery procedures and increasing change in lifestyle related diseases such as obesity. Introduction of modern technology by market competitors such as single use cannulas which are being used by the health care professionals for surgical use is another factor driving the growth of medical cannula market. Recently new injection molding technology introduced in the global medical cannula market for the manufacturing of plastic medical needles is expected to enhance the global cannula market over the period of forecast. The limitations in the growth of global medical cannula market...