Market Forecast By Product Type (Nasal cannula, Straight cannula, Winged cannula, Cannulas with wings and ports, Cannulas with integrated stop cock, Others), By Material (Plastic, Silicone, Others), By Patient (Adult, Paediatric), By End-use (Hospitals, Ambulatory surgical centers, Diagnostic laboratories, Clinics, Others) And Competitive Landscape
Product Code: ETC105897 | Publication Date: Jun 2021 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Turkey Cannula market currently, in 2023, has witnessed an HHI of 1069, Which has decreased slightly as compared to the HHI of 1120 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Turkey Cannula Market |
Forecast period | 2025-2031 |
CAGR | 6.5% |
Growing Sector | Healthcare |
The Turkey Cannula Market report thoroughly covers the market by Material, Product Type, Patient, and End-Use. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Turkey cannula market is projected to grow at a steady rate in the coming years. This growth is driven by the rising incidence of chronic diseases and the increased use of cannulas in medical procedures for precise delivery of medication or removal of bodily fluids.
According to 6Wresearch, the Turkey Cannula Market size is expected to grow at a significant CAGR of 6.5% during 2025-2031. One of the major drivers of this market is the growing popularity of minimally invasive surgeries. These procedures offer several benefits such as reduced scarring, shorter recovery time, and lower risk of complications. As a result, there has been an increased adoption of cannulas in surgical procedures, leading to a rise in demand. Additionally, the increasing disposable income and changing lifestyle of the population in Turkey have also contributed to the growth of this market.
However, despite these drivers, the market is expected to face certain challenges in its growth. One such challenge is the high cost associated with medical devices and procedures. This can lead to limited access for patients from lower socio-economic backgrounds. Moreover, stringent regulations regarding the use and sale of medical devices also hinder the growth of the market. Moreover, lack of skilled professionals and limited awareness about the benefits of minimally invasive procedures among the general population also pose challenges for the market.
One of the leading players in the cannula market in Turkey is Medtronic, a multinational medical device company based in Ireland. The company offers a wide range of cannulas for various medical procedures and has a strong presence in the Turkish market. Becton Dickinson (BD), another major player in the global healthcare industry, also has a significant presence in the Turkish cannula market. BD offers high-quality cannulas for various medical applications and has established partnerships with local distributors to cater to the growing demand in Turkey. Other notable players include Terumo Corporation, Covidien (now a part of Medtronic), and Smiths Medical.
The Turkish government has implemented several initiatives to promote the use of high-quality medical devices, including cannulas. One such initiative is the National Innovation System aims to support innovative products and technologies in various sectors, including healthcare. The government also offers incentives for local production of medical devices, encouraging manufacturers to invest in their facilities and produce high-quality cannulas locally. Additionally, Turkey has implemented regulations to ensure the safety and quality of medical devices, including cannulas. The Turkish Medicines and Medical Devices Agency (TITCK) oversees the registration, licensing, and post-market surveillance of medical devices in the country.
The cannula market in Turkey is expected to grow significantly in the future due to several factors. One key driver is the increasing demand for minimally invasive procedures, which require the use of cannulas. This trend is driven by a growing elderly population and rising prevalence of chronic diseases in Turkey. Technological advancements are also fueling market growth, as new and improved cannulas with better features are introduced in the market. The shift towards disposable and single-use cannulas is another factor driving market growth. Additionally, the Turkish government's emphasis on promoting local production of medical devices is expected to further boost the cannula market. With continuous investments in healthcare infrastructure and increasing awareness about advanced medical treatments, the future of the cannula market in Turkey looks promising.
According to Ravi Bhandari, Research Head, 6Wresearch, the Nasal Cannula segment holds the largest share in the Turkey Cannula Market. The increasing prevalence of respiratory diseases and chronic obstructive pulmonary disease (COPD) is driving the demand for nasal cannulas.
In terms of material, the plastic segment is expected to witness significant growth due to its cost-effectiveness and wide availability.
In terms of end-use, hospitals are projected to hold the largest share in the Turkey Cannula Market due to their high demand for medical devices and procedures.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Turkey Cannula Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Cannula Market Revenues & Volume, 2020 & 2030F |
3.3 Turkey Cannula Market - Industry Life Cycle |
3.4 Turkey Cannula Market - Porter's Five Forces |
3.5 Turkey Cannula Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Turkey Cannula Market Revenues & Volume Share, By Material, 2020 & 2030F |
3.7 Turkey Cannula Market Revenues & Volume Share, By Patient, 2020 & 2030F |
3.8 Turkey Cannula Market Revenues & Volume Share, By End-use, 2020 & 2030F |
4 Turkey Cannula Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Cannula Market Trends |
6 Turkey Cannula Market, By Types |
6.1 Turkey Cannula Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Turkey Cannula Market Revenues & Volume, By Product Type, 2020 & 2030F |
6.1.3 Turkey Cannula Market Revenues & Volume, By Nasal cannula, 2020 & 2030F |
6.1.4 Turkey Cannula Market Revenues & Volume, By Straight cannula, 2020 & 2030F |
6.1.5 Turkey Cannula Market Revenues & Volume, By Winged cannula, 2020 & 2030F |
6.1.6 Turkey Cannula Market Revenues & Volume, By Cannulas with wings and ports, 2020 & 2030F |
6.1.7 Turkey Cannula Market Revenues & Volume, By Cannulas with integrated stop cock, 2020 & 2030F |
6.1.8 Turkey Cannula Market Revenues & Volume, By Others, 2020 & 2030F |
6.2 Turkey Cannula Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Turkey Cannula Market Revenues & Volume, By Plastic, 2020 & 2030F |
6.2.3 Turkey Cannula Market Revenues & Volume, By Silicone, 2020 & 2030F |
6.2.4 Turkey Cannula Market Revenues & Volume, By Others, 2020 & 2030F |
6.3 Turkey Cannula Market, By Patient |
6.3.1 Overview and Analysis |
6.3.2 Turkey Cannula Market Revenues & Volume, By Adult, 2020 & 2030F |
6.3.3 Turkey Cannula Market Revenues & Volume, By Paediatric, 2020 & 2030F |
6.4 Turkey Cannula Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Turkey Cannula Market Revenues & Volume, By Hospitals, 2020 & 2030F |
6.4.3 Turkey Cannula Market Revenues & Volume, By Ambulatory surgical centers, 2020 & 2030F |
6.4.4 Turkey Cannula Market Revenues & Volume, By Diagnostic laboratories, 2020 & 2030F |
6.4.5 Turkey Cannula Market Revenues & Volume, By Clinics, 2020 & 2030F |
6.4.6 Turkey Cannula Market Revenues & Volume, By Others, 2020 & 2030F |
7 Turkey Cannula Market Import-Export Trade Statistics |
7.1 Turkey Cannula Market Export to Major Countries |
7.2 Turkey Cannula Market Imports from Major Countries |
8 Turkey Cannula Market Key Performance Indicators |
9 Turkey Cannula Market - Opportunity Assessment |
9.1 Turkey Cannula Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Turkey Cannula Market Opportunity Assessment, By Material, 2020 & 2030F |
9.3 Turkey Cannula Market Opportunity Assessment, By Patient, 2020 & 2030F |
9.4 Turkey Cannula Market Opportunity Assessment, By End-use, 2020 & 2030F |
10 Turkey Cannula Market - Competitive Landscape |
10.1 Turkey Cannula Market Revenue Share, By Companies, 2023 |
10.2 Turkey Cannula Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |