CANNULA MARKET ANALYSIS

North America is expected to contribute the major market share followed by Asia Pacific to the increase in the rate of geriatric population due to the increase in population size, increase in number of patients undergoing various surgical procedures and increase change in lifestyle related diseases such as obesity. Cannulas which are used in healthcare for surgical use in the major factor driving the growth of cannula market.

As per the data published by Organization for Economic Co-operation and Development (OECD), the geriatric population in 2014, was around 17.26% and 14.50% of the overall population in the U.K. and U.S. respectively, and the number is expected to increase steadily in the near future.

Also, the growth in number of surgical procedures around the globe expected to support the cannula market in the near future. As per the stats published by Organization for Economic Co-operation and Development (OECD), in 2014, around 814,969 total surgical procedures were performed around the globe. According to the American Society of Plastic (ASPS) in the U.S. there were around 15.9 million cosmetic surgeries were performed in the year 2015 were as the top 5 minimally invasive procedures such as soft tissue fillers was around 2.3 million and chemical peel were around 1.2million in 2014.