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(MoneyNewsWire.Net, November 21, 2017 ) North America Cannula Market was worth USD 55 billion in 2016 and estimated to be growing at a CAGR of 5.51%, to reach USD 72 billion by 2021. Cannula is a tube which is inserted into the body for purposes such as injection of fluid, removal of fluid and collection of data. A cannula can cover the inner and outer layers of a trocar needle, thus increasing the effective length of the needle by about half the original length of the needle.
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In veterinary applications, it is used to relieve cattle from bloating and pressure in abdomen which is most commonly caused by the accidental consumption of legume. They are also used in the insertion of verichip. In aesthetic medicine, it finds its application in the form of blunt-tip cannula which has a small tube with an edge which is used for subdermal injection of gels or fluids. It is also used in liposuction procedures for injecting cosmetic wrinkle filters like collagen and hyaluronic acid. A push-pull cannula which can both inject and withdraw fluid is used to study the effects of different chemicals on a cell.
The driving factors of North America Cannula market are advancements in healthcare facilities, rising number of surgeries, large number of patients, growing investment in research and development, rising investments by government and growing number of minimally invasive procedures among others. However, the market is constrained by factors like uncertain frameworks in regulations.
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The Cannula market is divided on the basis of application into oxygen therapy, general surgery, cardiovascular surgery, plastic surgery, orthopaedic surgery and other applications. Plastic surgery has the highest growth rate in the segment. By product, the market is segmented into vascular cannulas, cardiac cannulas, arthoscopy cannulas, nasal cannulas, dermatology cannulas and other products. Dermatology cannulas segment is expected to be the fastest growing in the segment. On the basis of material, the market is segmented into metal, silicone and plastic. By end users, the market is divided into hospitals, ambulatory surgical centres and other end users.
The North America Cannula market is divided based on geography into United States and Canada. North America has the leading market for cannula in the world by share. In the North America region, United States is expected to have the largest share. Factors such as rising number of surgical procedures and large number of patients is expected to drive the market growth in the region.
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Some of the major players in the market are Medtronic plc (U.S.), Edward Lifesciences Corp. (U.S.), Terumo Corporation (Japan), Sorin Group (Italy), and Maquet Holding B.V. & Co. KG (Germany) among others.
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