Angiostomy Cannula Market - Global Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029

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Angiostomy Cannula Market - Global Industry Analysis, Size, Trends, Growth, and Forecast 2019 - 2029

Status : May, 2021 | Medical Devices

Report Digest

Global Angiostomy Cannula Market: Overview

A cannula is any tube inserted into the body cavities for targeted therapy. Angiostomy is a medical procedure whereby surgical balloons and plastic cannulas are used to open up a blocked artery. These cannulas need to be made of neutral material so as to not elicit inflammation from blood cells. This innovation has revolutionized the way heart disease is treated globally, from often unsuccessful medical intervention to better surgical procedures that ensure better recovery rates. 

The global incidence of heart disease is increasing by the day, notes TMRR. A fast paced lifestyle where people have little time to care for their own needs is to be implicated for the same, coupled with rising global age. Chronic illnesses increase with age as do heart diseases. The current COVID-19 pandemic is expected to have an adverse effect of global heart health by virtue of post infection complications. Hence, the future for the angiostomy cannulas market seems bright, especially over the forecast period of 2019 to 2029. 

Global Angiostomy Cannula Market: Competitive Landscape

A number of manufacturers are involved in the production of angiostomy cannulas. This makes the market scenario fragmented. Some of these players are-

  • Smith & Nephew
  • Maquet Holding B.V. & Co. KG.
  • Sorin Group
  • Edward Lifescience Corporation 
  • Medtronic plc
  • Terumo Corporation
  • Medline Industries, Inc.
  • Cardinal Health
  • Boston Scientific Corporation
  • Teleflex Incorporated
  • Conmed Corporation
  • Dolphin Surgicals
  • Micromed International
  • Goodhealth Inc.
  • BioTek Instruments, Inc.

These manufacturers recognize the rising demand for angiostomy cannulas and should increase production by acquisition of smaller production facilities and investing in innovation laboratories around the globe. Moreover, market outreach requires that individuals and healthcare settings alike understand the importance of this recent innovation. 

Global Angiostomy Cannula Market: Key Trends and Drivers

  • Global incidence of chronic diseases is rising as people live better and age further than their ancestors. 57% of the global population is estimated to be affected by one or more chronic illness by 2050, according to the World Health Organization. Cardiovascular diseases (CVD) make up an important part of this disease profile. Over 480 million cases of CVD were reported in the United States alone in 2017, an increase of 28.5% over the past 10 years. Medical intervention is failing drastically in such cases, and angiostomy offers hope in this regard. Thus, the angiostomy cannula market should grow steadily in the future. 
  • Healthcare spending is increasing globally. People are demanding standard healthcare from their governments as innovations and medical success stories are made public. Riding on this trend, the angiostomy cannulas market should grow concomitantly in the future. COVID-19 has been identified as an illness with not just immediate implications but also long term effects. One of these is the occurrence of blood clots a number of days after recovery. The cardiovascular system is at increased risk from such an onslaught, and angiostomy cannulas should be demanded increasingly in the near future to tackle complications of this pandemic.

Global Angiostomy Cannula Market: Regional Analysis

North America and Europe are currently global leaders in the angiostomy cannulas market. This can be attributed to the presence of a robust healthcare infrastructure that supports innovations. Also, a rising geriatric population is expected to steer this market to growth in the coming years. 

The Asia Pacific region (APAC) is expected to register the fastest growth in this market given that regional governments are increasing investment in the healthcare sector. An adoption of western styles of living is pushing people over the cliff of chronic illnesses, which gives a steady growth impetus to the angiostomy cannulas market. 

Market Segmentation:

By Type:

  • Cardiac Cannula
  • Vascular Cannula
  • Arthroscopy Cannula
  • Dermatology Cannula
  • Nasal Cannula
  • Floating Spinal Cannula
  • Vitreoretinal Cannula,
  • Hysterosalpingography Cannula

By Application:

  • Cardiovascular Surgery
  • Oxygen Therapy
  • Orthopedic Surgery
  • Diabetes Treatment
  • Neurology
  • General Surgery
  • Cosmetic/Plastic Surgery

By End User:

  • Hospital
  • Ambulatory Surgical Centers
  • Blood Banks
  • Home Healthcare Facilities

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?