Global Suture Passer Market By Product Type (Reusable-Disposable Needle-Based Suture Passers, Reusable-Penetrating Suture Passers, Disposable-Retrieving Suture Passers), Procedure (Ophthalmic Surgery, Cardiovascular Surgery, Gynecological Surgeries, Cosmetic & Plastic Surgeries, Orthopedic Surgery, Neurological Surgery, Others), End User (Hospitals, Ambulatory Centers, Specially Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Suture Passer Market
Global suture passer market is set to witness a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to increasing number of surgical procedures and burn cases.
Market Definition: Global Suture Passer Market
Suture passer is used to perform solid fixation of structures, and often used to remove structures during surgical procedures with anchoring suture through an osseous tunnel. The suture passer is also used to pass soft tissue structures and tendons through bones during reconstructive procedures. The demand for suture passer has widely increased as the product is helping surgeons by offering various benefits such as suture passer abolishes inconvenience and time and can be used in several arthroscopic procedures. Demand for suture passer is furthered expected to increase with rising accidents and burn cases.
- Increasing number of surgical procedures and burn cases is expected to drive the growth of the market
- Increasing prevalence of chronic diseases acts as a market driver
- Increasing technological advancement also drives this market growth
- Favorable reimbursement scenario in developed regions will also accelerate the market growth
- Increasing preference for minimally invasive surgeries is expected to restrict the market growth
- Lack of proper sterilization system also hampers the market growth
- Availability of alternative wound care management product is hindering the market growth
Segmentation: Global Suture Passer Market
By Product Type
- Reusable-Disposable Needle-Based Suture Passers
- Reusable-Penetrating Suture Passers
- Disposable-Retrieving Suture Passers
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgeries
- Gynecological Surgeries
- Cosmetic & Plastic Surgeries
- Neurological Surgery
By End User
- Ambulatory Centers
- Specially Clinics
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Key Developments in the Market:
- In September 2015, Ceterix Orthopaedics, Inc. received U.S. FDA 510(k) clearance for NovoStitch Plus a meniscal repair system. The product is designed to be used in orthopedic surgeries to address radial, horizontal, and other complex meniscal tears. This product approval will help company to increase product portfolio in global suture passer market
- In July 2018, Stryker launched Cobra, First reusable suture passer for arthroscopic rotator cuff repair. The Cobra is designed to offers better needle stiffness as compared to other suture passer and to resolve other problems such as intraoperative misfires and distal tip needle breakages. The new product launch will help company to increase its market presence as new product is a value-based robust needle technology to provide cost-effective solution
Global suture passer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of suture passer market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in global suture passer market are Gateway Medical Associates, HNM Medical, Integrated Endoscopy, KARL STORZ SE & Co. KG, Smith & Nephew, Arthrex, Inc., Stryker, CONMED Corporation, Medical Devices Business Services, Inc., Zimmer Biomet, Richard Wolf GmbH, The Ackermann Group, Cannuflow, Ceterix Orthopaedics, Siesta Medical, Inc., THE OR COMPANY, M.A. QADEER & NASEER SURGICAL CO. among others.
Research Methodology: Global Suture Passer Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global suture passer market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)