Targeted therapy is being noted across the world. Some of these require tubes to be inserted into cavities of the body. These tubes are called cannulas. The material used in these has to be neutral to ensure there is no inflammation. It is a boon for heart patients, having revolutionized treatment with innovations. This is included in the list of things that lead to improved recovery rates. As per TMRR, the global angiostomy cannula market will grow at a massive pace.
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The growing prevalence of cardiovascular diseases is a significant growth factor, propelling the angiostomy cannula market on to an upward growth trajectory. People’s lifestyle deserves a mention here. The quality of living is deteriorating as work schedules are longer and lives are more stressful. Health is taking a backseat with more people eating out more often and taking up fast foods at that for ease of carrying and consumption.
Increasing age of the world population is another factor that cannot be ignored while evaluating positively impacting trends and drivers. By 2050, the population of people aged 60 and above will be in billions. Chronic illnesses are witnessing an increase in incidence world over as a result – including the developed nations. With the pandemic of COVID-19 going about unabated, the complication to heart patients can be massive. This will lead to increase in revenue in the angiostomy cannula market.
The vendor landscape of this market is highly reliant on technology and innovation. The fragmented environment is marked by top tier players like Smith & Nephew, Maquet Holding B.V. & Co. KG., Sorin Group, Edward Lifescience Cor, Boston Scientific Corporation, Teleflex Incorporated, Conmed Corporation, Dolphin Surgicals, Micromed International, Goodhealth Inc., and BioTek Instruments, Inc, among others. A number of these are eyeing to plug any supply gaps that are emerging from the aforementioned factors. Key alliances and better products development are also propellants of growth for individual players.
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