Rising Demand for Injectable Drugs Driving the Cannula Market Growth; to Witness a CAGR of 8.3% During 2019-2025

World News: . []

NEW YORK, July 12, 2019 (GLOBE NEWSWIRE) -- The is expected to grow significantly from to , at a . Factors driving the market growth are; growing demand for injectable drugs, rising infant mortality rates, and growing number of surgeries across the globe. In addition, rising aging population and increasing incidence of chronic diseases, growing number of offline and online distribution channels and adoption of minimally invasive surgeries is further propelling the industry growth.

Cannula is a hollow tube that can be inserted into the body, often for the delivery or removal of fluids. It has a fitting that can connect to more tubing or a port for medication, and is also used to obtain blood samples for testing. Cannula is available in the market in different sizes with colors coding.

Intravenous therapy is treatment that infuses intravenous solutions and medications directly into a vein. IV therapy is an effective and faster way to deliver medication treatment in emergency cases. Owing to the increasing use of IV therapy among patients, the deployment for cannula is growing at a rapid pace, exhibiting a positive impact on market growth. Moreover, increasing product development by major players such as the next-generation cannula, which is designed to minimize health risks associated with needle injuries, and also helps bring down the overall cost substantially. Furthermore, major players are also using different strategies such as investment in R&D, partnerships, new product development, and acquisitions. In addition, government initiatives to boost the healthcare sector in developing countries are further expected to propel the industry growth.

The report provides the market value for the base year 2018 and a yearly forecast till 2025 in terms of revenue (USD Million).

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Globe Newswire: 10:21 GMT Friday 12th July 2019

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