FactMR today released its latest report on the Cannula Market, providing comprehensive insights into the global market’s robust growth driven by the rising demand for minimally invasive procedures, increasing prevalence of chronic diseases, and advancements in medical device technology. Valued at USD 211.1 million in 2024, the market is projected to grow at a compound annual growth rate (CAGR) of 6.6%, reaching USD 426.3 million by 2035. This expansion, representing an incremental dollar opportunity of USD 201.3 million, underscores the critical role of cannulas in medical procedures across hospitals, ambulatory surgery centers, and other healthcare settings.
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Market Outlook and Growth Projections
The global cannula market is poised for substantial growth from 2025 to 2035, fueled by the increasing adoption of minimally invasive surgeries and the rising burden of chronic diseases such as cardiovascular disorders and diabetes. Cannulas, which are hollow tubes used for fluid delivery, removal, or medication administration, are essential in procedures like cardiac surgeries, cosmetic treatments, and oxygen therapy. The report projects the market to grow from USD 211.1 million in 2024 to USD 426.3 million by 2035, with a CAGR of 6.6%. This growth is driven by technological advancements, growing healthcare infrastructure, and the rising geriatric population, creating significant opportunities for manufacturers and healthcare providers.
For more information, visit https://www.factmr.com/report/cannula-market
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