The global Kirschner Wire Market is estimated to be valued at US$ 2,135.2 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Kirschner wires, commonly known as K-wires, are medical pins made of stainless steel or titanium used in orthopedic fixation and fracture repair. They provide stabilization and support for fractures and dislocations by holding the bone fragments in compression.
Market key trends:
One of the key trends in the Kirschner wire market is the rising adoption of bioresorbable wires. Bioresorbable K-wires are made of materials like polylactic acid that dissolve after healing, eliminating the need for removal surgery. This reduces trauma and morbidity for patients. Several companies are focusing on developing improved bioresorbable materials and surface coatings to enhance fracture healing and reduce infections. For instance, DePuy Synthes launched a resorbable fixation system called REDEFIX in 2020, offering multiple options for fixation like bioresorbable wire.
Segment Analysis
The global Kirschner wire market is dominated by the surgical wires sub-segment. Kirschner wires are commonly used in orthopedic surgeries to fix pins, wires, or screws through bones. They help hold broken bones in place until they are fully healed. The surgical wires sub-segment holds the largest share as Kirschner wires find extensive usage for fracture fixation and bone stabilization procedures.
Key Takeaways
The global Kirschner wire market is expected to witness high growth, exhibiting CAGR of 5.1% over the forecast period, due to increasing incidence of bone fractures and rise in trauma cases.
Regional analysis
North America dominated the global Kirschner wire market in 2023, owing to factors such as high prevalence of neurological disorders and rise in orthopedic surgeries in the region. However, Asia Pacific is expected to grow at the fastest rate during the forecast period due to rising healthcare spending and increasing medical tourism in countries like China and India.
Key players
Key players operating in the Kirschner wire market are Stryker Corporation, Johnson & Johnson Services, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Orthofix Medical Inc., Smith & Nephew plc, Medline Industries, Inc., Becton, Dickinson and Company, DePuy Synthes Companies (a subsidiary of Johnson & Johnson), Arthrex, Inc., Teknimed SA, Wright Medical Group N.V., Integra LifeSciences Corporation, KLS Martin Group, Acumed LLC.
Read more: https://www.ukwebwire.com/kirschner-wire-market-insights-trends/
Comments
0 comment