{"id":7583,"date":"2021-06-19T16:06:02","date_gmt":"2021-06-19T10:36:02","guid":{"rendered":"https:\/\/www.niir.org\/blog\/?p=7583"},"modified":"2021-06-19T16:06:02","modified_gmt":"2021-06-19T10:36:02","slug":"india-iv-cannula-market-growth-rate-covid-19-impact-economic-impact-size-share-trend-drivers-competitive-landscape-opportunity-limitations-technological-landscape-regulatory-framework-pes","status":"publish","type":"post","link":"https:\/\/www.niir.org\/blog\/india-iv-cannula-market-growth-rate-covid-19-impact-economic-impact-size-share-trend-drivers-competitive-landscape-opportunity-limitations-technological-landscape-regulatory-framework-pes\/","title":{"rendered":"India IV Cannula Market- Growth Rate, Covid 19 Impact, Economic Impact, Size, Share, Trend, Drivers, Competitive Landscape, Opportunity, Limitations, Technological Landscape, Regulatory Framework, PESTEL Analysis, PORTERs Analysis and Demand Forecast upto 2027"},"content":{"rendered":"

India IV Cannula Market- Growth Rate<\/a><\/p>\n

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The India IV Cannula Market is likely to boost due to the growing number of minimally invasive surgery procedures, increased demand for easy administration of medications or drugs, and reduced need for infections and needle pricks.<\/strong><\/p>\n

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The India IV cannula market size was valued at USD 8.99 million in 2019 and projected to reach USD 14.42 million by 2027, growing at a CAGR of 6% during the forecast period, 2020-2027. It is due to the increasing patient pool, rise in the number of hospitalizations and increasing number of surgeries. Further, the rise in investigational medical procedures like infusing medication or obtaining blood samples will augment the growth of the India IV cannula industry in the forecast periods. Additionally, the rising number of minimally invasive surgery (MIS) procedures and surging geriatric population is expected to foster market growth.<\/p>\n

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Related project:- Business Plan for Set up Manufacturing Unit of Intravenous (IV) Cannulas<\/a><\/strong><\/p>\n

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The development of IV cannula by leading players such as the next-generation cannula designed to reduce health risks related to needle injuries and reduce the overall cost substantially will bolster India IV cannula market share in the coming years. Moreover, the increasing healthcare expenditure by the government bodies and rising incidence of chronic & lifestyle-related diseases will stimulate the market share. Furthermore, the increased implementation of product bundling strategy, rising parenteral drug approval rate and growing demand for injectable drugs will accelerate the growth of the India IV cannula industry.<\/p>\n

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Related books:- Disposable Products (Medical, Surgical, Thermocol, Plastic, Paper, Domestic And General Products) – Use And Throw Items, Single Use Items, Disposable Take-Away Packaging, Disposable Items Manufacturing<\/a><\/strong><\/p>\n

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Product <\/strong>Overview in the India IV Cannula Market<\/strong><\/p>\n

Based on the product type, the India IV cannula market is segregated into IV cannula with wings with injection port, IV cannula with wings without injection port and IV cannula without wings without injection port. The IV cannula with wings with injection port segment holds the largest market share with 56% in 2019 and is estimated to generate maximum revenue of USD 8 million by 2027. It is due to high adoption for surgical procedures because of its ability to offer a convenient and safe intravenous infusion of medicational fluid. It provides extra support while insertion and an additional injection port for the infusion of medicines or fluids without interfering with the current ongoing therapy. In addition, the wings offer easy fixation and prevent slipping & rolling of cannula over the patient’s body, and the injection port facilitates extra medication and prevents backflow.<\/p>\n

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Related book:- Handbook on Medical and Surgical Disposable Products (Blood Bags, Plastic Gloves, I.V. Cannula, Infusion Set, Gowns, Masks, Catheter, Cotton and Bandage, Surgical Wear, Syringes)<\/a><\/strong><\/p>\n

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Application <\/strong>Overview in the India IV Cannula Market<\/strong><\/p>\n

Based on the application, the India IV cannula market is classified into hospital, clinics, ambulatory care centers, and others. The hospital segment accounted for a maximum market share in 2019 and is projected to generate maximum revenue by 2027. It is attributed to the rising prevalence of chronic diseases, a rise in hospitalization rate, and the subsequent increase in the number of patients. Moreover, the hospitals have several departments that are equipped to treat a wide array of medical issues and can admit patients for different types of surgical procedures, which leads to the growing demand for hospital treatment.<\/p>\n

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