Suture Passer Market report plays vital part in the development of a business and provides information in an organized way to collect & document information about key industry player or market customers. In this Suture Passer Market report, the market data about industries that cover figures and facts has been collected, evaluated, and presented. These insights are presented in well format so that it can work as a support tool in various business activities, improve profits & develop qualitative work. Companies can seek market report before they begin production, when launching a new product or diversify businesses.
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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.
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.
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.
Segmentation: Global Suture Passer Market
Suture Passer Market : By Product Type
- Reusable-Disposable Needle-Based Suture Passers
- Reusable-Penetrating Suture Passers
- Disposable-Retrieving Suture Passers
Suture Passer Market : By Procedure
- Ophthalmic Surgery
- Cardiovascular Surgery
- Orthopedic Surgeries
- Gynecological Surgeries
- Cosmetic & Plastic Surgeries
- Neurological Surgery
Suture Passer Market : By End User
- Ambulatory Centers
- Specially Clinics
Suture Passer Market : By Geography
- North America
- South America
- Middle East & Africa
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Key Developments in the Suture Passer 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
Suture Passer Market Drivers
- 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
Suture Passer Market Restraints
- 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
Competitive Analysis: Suture Passer Market
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.
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)
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