The medical cannula market is likely to reach US$ 783.5 million by 2030, according to the latest report by Future Market Insights. The report offers detailed insights on the medical cannula landscape, charting the key influencing factors in 20+ countries. Comprehensive profiling of the leading players in the medical cannula market is also included in the report.
According to the study, the growing preference for minimally-invasive procedures is likely to provide an impetus to market growth over the forecast period. Sensing the opportunities, manufacturers are focusing on launching affordable, yet safe products in the market.
List Of Key Players Covered in Medical Cannula Market are:
Advancement in technology is being tried out by medical cannula market players. For instance – bi-flow cannulation is being put into practice to facilitate simultaneous distal and systemic perfusion.
In terms of material, Arthroscopic Innovations LLC, in the year 2019, developed super-V cannula for arthroscopy. Nitinol (alloy of nickel and titanium) is used to manufacture this cannula. The distinct features include being small, superelastic, and less traumatic.
Covid-19 Impact on Medical Cannula Landscape
The impact of COVID-19 is being felt by medical cannula industry. However, as compared to other industries, the impact has been milder, as healthcare is an essential service.
The decline from hospitals has been compensated to a certain extent by homecare settings, but medical cannula manufacturers will be hoping for a quick recovery in 2021.
Key Takeaways of Medical Cannula Market Study