Arterial Cannula Market Analysis 2028 - Size, Share, Growth, Trends, and Industry Insights
The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Arterial Cannula Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Arterial Cannula Industry (2023-2028):
According to the latest report, The Arterial Cannula Market is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Arterial Cannula industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2023-28
· CAGR (2023-2028): 6.5%
What are the major Driver the Arterial Cannula industry?
Prevalence of Cardiovascular and Cardiopulmonary Illnesses Resulting in Immediate Need for By-Pass Surgeries: According to the study, The Global Burden of Cardiovascular Diseases and Risk, published by JACC, Journal of the American College of Cardiology in December 2022, Cardiovascular diseases (CVDs) have collectively remained the leading causes of death globally, substantially contributing to the loss of health and additional costs on the health system. The more frequent instances of kidney dysfunction, dietary risks, tobacco smoking, secondhand tobacco smoke, high systolic blood pressure, high LDL-C, high body mass index (BMI), high fasting plasma glucose, high alcohol use, and low physical activity as the possible risk factors are anticipated to raise the chances of such diseases.
Given the criticality of such conditions and the immediate urge to minimize them, invasive and efficacious surgical techniques are surfacing, giving rise to innovative medical devices, including arterial cannulae, by numerous manufacturers. For instance,
Medtronic plc, an American medical device company, has come up with product variations to facilitate a variety of surgical techniques and to accommodate varying patient anatomies. In fact, citing the need for distinct devices for pediatrics and adults, the company offers arterial cannulae sizes from 6 Fr to 24 Fr in various tip configurations, lengths, and connector sizes.
Thus, rising cardiovascular conditions and pulmonary illnesses has increased the number of bypass surgeries and other similar procedures, particularly among the geriatric population, significantly elevating the demand for cannulae market.
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Arterial Cannula Market Segmentation
The Arterial Cannula Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product
- Cardiac Cannulas
- Nasal Cannulas
- Vascular Cannulas
- Dermatology Cannulas
- Arthroscopy Cannulas
- Arthroscopy Cannulas
- By Type
- Neonatal Cannulas
- Straight Cannulas
- Winged Cannula
- Wing with Port Cannula
- Others
- By Size
- 14G
- 16G
- 18G
- 20G
- 22G
- 24G
- 26G
- By Material
- Plastic (PVC) Cannulas
- Silicone Cannulas
- Metal Cannulas (Stainless Steel)
- By Application
- Cardiovascular Surgery
- Oxygen Therapy
- General Surgery
- Cosmetic/Plastic Surgery
- Orthopedic Surgery
- Others
- By End User
- Hospitals
- Ambulatory Surgery Centers (ASCs)
- Others
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Arterial Cannula Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Arterial Cannula Market
Boston Scientific Corporation, CONMED Corporation, Edwards Lifesciences , LivaNova Plc, Medtronic Plc , Smith & Nephew PLC, Smiths Medical Inc., Teleflex Incorporated, Terumo Corporation, others
Others Reports:
The Arterial Cannula Industry Recent Development
In April 2023, Boston Scientific Corporation announced its intention to acquire Shockwave Medical, a company specializing in interventional cardiovascular procedures. This acquisition is part of Boston Scientific's strategy to expand its range of cardiovascular devices, as Shockwave Medical is a leading medical device manufacturer, based in California.
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