Cannula Market Size

Cannula Market Size

Cannula Market size was valued at USD 162.1 million in 2022 and is projected to reach USD 335 million by 2032. Cannulas are commonly used in medical procedures to deliver or remove fluids, gases, or medications to or from different parts of the body. They are often used in intravenous (IV) equipment to administer fluids, medications, or blood products directly into a vein. Cannulas can also be used for drainage, such as removing excess fluids or gases from body cavities or organs.

Additionally, the rising incidence of infections, growing number of geriatric population base, immunocompromised patients, and chronic illness patients. For instance, according to the World Health Organization (WHO), infection affects an estimated 49 million individuals and causes 11 million deaths globally, every year. Further, around half (49%) of patients with sepsis in intensive care units acquire infection in the hospital, annually.
 

Furthermore, rising geriatric population base is significantly impacting the expansion of the industry. For instance, 30% of the population base in Japan is already over 60 years of age. In addition, a sedentary lifestyle, lack of physical activities, and unhygienic conditions will further increase the disease burden among geriatric people. Thus, the growing disease burden will upsurge the demand for surgical and non-surgical procedures which increases the requirement for cannulas in healthcare settings.