Market Overview: Global Arterial Cannula Market
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Arterial Cannula Market Insights 2023-28
The Global Arterial Cannula Market is projected to grow at a CAGR of around 6.6.5% during the forecast period, i.e., 2023-28.
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Top Players 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
Segmentation Analysis of Arterial Cannula Market
Arterial Cannula Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By End User
Hospitals
Ambulatory Surgery Centers (ASCs)
Others
Among the three, Hospitals dominated the industry with the highest market share during the historical period and are expected to prevail in the same trend by garnering the largest market share in the forecast period. It is aided by the exponential number of surgeries being performed in hospital settings. Besides, the increasing number of development in the healthcare sector in numerous developing and developed countries to expand and secure the health of the populace is likely to bode well for the market. Moreover, ever-increasing admissions in hospitals due to the rising number of chronic disorders and health issues are likely to bode well for the market revenue.
Contrarily, Ambulatory Surgery Centers (ASCs) are also projected to experience considerable industrial expansion in the forthcoming years, accredited by the increasing preference towards ASCs to benefit from reduced cost and stay. Furthermore, favorable government initiatives to strengthen the quality of ASCs are adding to the market value.
-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
A Comprehensive Geographical Analysis:
-By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Globally, North America is anticipated to garner the highest market share in the forecasting. The market growth is accredited to the rising cardiac surgeries and the high prevalence of chronic kidney diseases in the region. Moreover, the presence of developed and highly advanced healthcare further adds to the market value. Additionally, the industry is also driven by the presence of big pharma companies and major market players. Numerous research and development in the medical industry coupled with the heavy investment by the government and the market participants are likely to bode well for the industry.
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