Dublin, May 06, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/q3bhqw/cannulas_market) has announced the addition of the "Cannulas Market by Product (Nasal, Arterial, Arthroscopy, Ophthalmic, Cardioplegia, Suction, Femoral, Injector, Infusion, Venous, Microcannula), Material (Plastic, Metal) & End Users (Hospitals, Ambulatory Surgical Centers) - Global Forecast to 2020" report to their offering.
The global cannulas market is expected to grow at a CAGR of 5.6% from 2015 to 2020 to reach $135.5 million by 2020 from $97.6 million in 2014.The market is expected to grow in the forecast period owing to increased investment in R&D, growing demand of minimally invasive surgery (MIS) procedures, large pool of patients, and increasing number of surgeries. However uncertain regulatory framework is hindering the growth of cannula market.
On the basis of products, the market is divided into the global cannulas market is segmented into cardiac cannulas, vascular cannulas, nasal cannulas, arthroscopy cannulas, dermatology cannulas and others (floating spinal cannulas, vitreoretinal cannulas, hysterosalpingography cannulas). On the basis of end users, the market is divided into hospitals, ambulatory surgical centers, and others (blood banks and home healthcare facilities). Hospitals segment accounted the largest share of the cannula market as compared to ambulatory surgical centers, and others. On the basis of material, the market is divided into plastic, silicone, and metal. Silicone is expected to be the fastest-growing segment, owing to the increasing usage of silicone-based cannulas in oxygen therapies to provide continuous oxygen supply to the elderly population and patients suffering from respiratory disorders.
Geographically, the cannulas market is dominated by North America, followed by Europe. However, the Asia-Pacific region is expected to be the fastest growing region in cannula market during the forecast period. Increasing awareness about MIS techniques in countries such as China, India, and Japan, increasing purchasing power of the middle class population are augmenting the growth of this market in Asia-Pacific region.
The key players in cannulas market include Medtronic plc (U.S.), Edward Lifesciences Corp. (U.S.), Terumo Corporation (Japan), Sorin Group (Italy), and Maquet Holding B.V. & Co. KG (Germany).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Cannulas Market, By Application
8 Cannula Market, By Product
9 Global Cannulas Market, By Material
10 Global Cannulas Market, By End User
11 Cannulas Market, By Region
12 Competitive Landscape
13 Company Profiles
- Boston Scientific Corporation
- Conmed Corporation
- Edward Lifescience Corporation
- Maquet Holding B.V. & Co. KG.
- Medtronic PLC.
- Smith & Nephew PLC.
- Smiths Medical
- Sorin Group
- Teleflex Incorporated
- Terumo Corporation
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