Report ID: SQMIG35J2056
Report ID:
SQMIG35J2056 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
69 |
Figures:
75
Global Cannula System Market size was valued at USD 15.08 Billion in 2022 and is poised to grow from USD 16.57 Billion in 2023 to USD 35.27 Billion by 2031, at a CAGR of 9.90% during the forecast period (2024-2031).
One of the primary drivers of the global cannula market is the rising prevalence of diabetes. The increasing incidence of diabetes, particularly type 2 diabetes, is fueling the demand for efficient and accurate blood glucose monitoring systems. Additionally, the growing awareness about the importance of regular glucose monitoring among diabetic patients is contributing to market growth. Technological advancements play a crucial role in the market expansion of blood glucose monitoring devices. Innovations such as continuous glucose monitoring (CGM) systems, which provide real-time glucose readings, have gained significant popularity. These devices offer improved accuracy, convenience, and better glucose control for individuals with diabetes. Furthermore, the integration of advanced features like smartphone connectivity and data analysis capabilities is enhancing the user experience and driving market growth.
US Cannula System Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35J2056