Cannula Market Trends

The growing burden of chronic disease is anticipated to stimulate market value. Chronic diseases often require long-term management and treatment, which may involve the use of medical devices including cannulas. Conditions such as diabetes, cardiovascular diseases, respiratory disorders, and certain types of cancer may require regular administration of medications, fluids, or other therapies using cannulas. For instance, in 2022, as per estimates, about 80% of the elderly population base have at least one chronic condition, and approximately 60% have around two chronic conditions. Furthermore, increasing number of infections led to higher adoption rate of infection control supplies including cannula.