About Kirschner Wire
The global Kirschner Wire market is expected to witness high demand in the forecasted period due to the increasing number of fracture and their treatment across the world. A Kirschner wire also called a K-wire. It is a thin wire or pin that can be used to stabilize bone fragments. It is sharpened, smooth stainless steel pins available in different diameters and lengths. They are used both in the surgical and conservative management of fractures. K-wires used to be used more commonly when traction was a common treatment for certain types of fractures.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Kirschner Wire market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zimmer Biomet (United States), Stryker (United States), Arthrex (United States), DePuy Synthes (United States), Allegra Orthopaedics (Australia), Hallmark Surgical (Austalia), Ortosintese (Brazil), Micromed Medizintechnik (Germany) and Sklar (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shangdong Hangwei (China) and Jinhuan Medical (China).
Segmentation Overview
AMA Research has segmented the market of Global Kirschner Wire market by , Application (Temporary Fixation, Pin Fixation, Fracture Fixation, Hand Fractures, Sacral Fractures, Treatment of Buerger’s Disease and Phalloplasty) and Region.
On the basis of geography, the market of Kirschner Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Tips Type, the sub-segment i.e. Diamond will boost the Kirschner Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Kirschner Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel Wires will boost the Kirschner Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Threaded Wire in various Surgeries and Growing Demand for Veterinary Surgeries
Market Growth Drivers:
Increasing Number of Road Accidents across the World and High Demand due to Easy Percutaneous Placement
Challenges:
The Stringent Government Regulation Related to the Medical Equipments
Restraints:
The Increasing Concern of Breakage or Bending and Growing Issues with Pin Tract Infection
Opportunities:
Growing Healthcare Expenditure in Developing Countries and Rising Incidences of the Fractures
Market Leaders and their expansionary development strategies
In December 2020, Zimmer Biomet Holdings, Inc., a global leader in musculoskeletal healthcare, announced that the company has completed the acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company, for USD150 million in cash at closing and USD100 million in cash payable in 2021.
In March 2024, Stryker , a global leader in medical technologies, announced the release of its Gamma4 Hip Fracture Nailing System in most of the European markets. The newest Gamma system will provide surgeons with the next generation of Stryker’s intramedullary nailing system.
Key Target Audience
Kirschner Wire Manufactures, Kirschner Wire Suppliers, Kirschner Wire Distributors, Government Regulatory Bodies, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.