Suture Passer Market Analysis | Global | 2024-2030 | MedCore: Reusable-Disposable Needle-Based Suture Passer, Reusable-Penetrating Suture Passer and Disposable-Retrieving Suture Passer

  • Year: 2024
  • Scope: 2024 - 2030
  • Region: Global
  • Type: MedCore

Product Description

Overall, the global suture passer market was valued at $144 million in 2023. This is expected to increase over the forecast period at a CAGR of 5.3% to reach over $206 million.

Throughout this medical market research, we analyzed several suture passer companies globally and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.

Data Types Included

  • Unit SalesAverage Selling PricesMarket Value & Growth Trends
  • Forecasts Until 2030, and Historical Data to 2020
  • Market Drivers & Limiters for Each Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • COVID19 Impact
  • Disease Overviews and Demographic Information
  • Company Profiles, Product Portfolios and SWOT for Top Competitors

Global Suture Passer Market Insights

Suture passers minimize the number of surgical steps required and provide a fast and precise means of passing sutures. These benefits have driven the adoption of suture passers over the past decade, causing the value of the suture passer market to appreciate considerably. In 2023, the disposable-retrieving suture passer segment represented nearly 30% of the total market value. Primarily used in arthroscopic shoulder instability procedures, this segment’s growth is constrained by the stable volume of these procedures expected over the forecast period, impacting unit sales and the overall suture passer market.

Global Drill Guide System and Disposables Market Share Insights

Arthrex was the leading competitor in the global suture passer market in 2023. The company competes with its Scorpion™ product family.

In 2023, Smith & Nephew was the second-leading competitor in the global suture passer market. FIRSTPASS® and TRUEPASS® are among the company’s most popular suture passers.

DePuy Synthes was the third-leading competitor in the global suture passer market in 2023. The company competes with its EXPRESSEW® III Flexible suture passer.

Global Research Scope Summary

Report Attribute Details
Regions North America(Canada, United States)
Latin America(Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
Western Europe(Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
Central & Eastern Europe(Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
Middle East(Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
Asia Pacific(Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
Africa(Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year 2023
Forecast 2024-2030
Historical Data 2020-2023
Quantitative Coverage Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data Sources Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.

This MedCore is also found in the full report suite titled Global Market Report Suite for Arthroscopic Devices – MedSuite

 

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Suture Passer Market 382
14.1 Executive Summary 382
14.1.1 Global Suture Passer Market Overview 382
14.1.2 Competitive Analysis 384
14.1.3 Markets Included 385
14.1.4 Regions Included 386
14.2 Introduction 388
14.3 Market Overview 389
14.3.1 By Segment 390
14.3.2 By Region 392
14.4 Market Analysis and Forecast 394
14.4.1 Total Suture Passer Market 394
14.4.2 Reusable-Disposable Needle-Based Suture Passer Market 398
14.4.3 Reusable-Penetrating Suture Passer Market 402
14.4.4 Disposable-Retrieving Suture Passer Market 406
14.5 Drivers and Limiters 410
14.5.1 Market Drivers 410
14.5.2 Market Limiters 410
14.6 Competitive Market Share Analysis 411
Arthrex
Smith & Nephew
DePuy Synthes
Stryker
Zimmer Biomet
CONMED
Others
Chart 14‑1: Suture Passer Market, Global, 2023 & 2030 383
Chart 14‑2: Suture Passer Units Sold, Global, 2023 383
Chart 14‑3: Suture Passer Market by Segment, Global, 2020 – 2030 391
Chart 14‑4: Suture Passer Market by Region, Global, 2020 – 2030 393
Chart 14‑5: Leading Competitors, Suture Passer Market, Global, 2023 414
Figure 14‑1: Suture Passer Markets Covered 385
Figure 14‑2: Suture Passer Regions Covered, Global (1 of 2) 386
Figure 14‑3: Suture Passer Regions Covered, Global (2 of 2) 387
Figure 14‑4: Suture Passer Market by Segment, Global, 2020 – 2030 (US$M) 390
Figure 14‑5: Suture Passer Market by Region, Global, 2020 – 2030 (US$M) 392
Figure 14‑6: Suture Passer Market, Global, 2020 – 2030 394
Figure 14‑7: Units Sold by Region, Suture Passer Market, Global, 2020 – 2030 395
Figure 14‑8: Average Selling Price by Region, Suture Passer Market, Global, 2020 – 2030 (US$) 396
Figure 14‑9: Market Value by Region, Suture Passer Market, Global, 2020 – 2030 (US$M) 397
Figure 14‑10: Reusable-Disposable Needle-Based Suture Passer Market, Global, 2020 – 2030 398
Figure 14‑11: Units Sold by Region, Reusable-Disposable Needle-Based Suture Passer Market, Global, 2020 – 2030 399
Figure 14‑12: Average Selling Price by Region, Reusable-Disposable Needle-Based Suture Passer Market, Global, 2020 – 2030 (US$) 400
Figure 14‑13: Market Value by Region, Reusable-Disposable Needle-Based Suture Passer Market, Global, 2020 – 2030 (US$M) 401
Figure 14‑14: Reusable-Penetrating Suture Passer Market, Global, 2020 – 2030 402
Figure 14‑15: Units Sold by Region, Reusable-Penetrating Suture Passer Market, Global, 2020 – 2030 403
Figure 14‑16: Average Selling Price by Region, Reusable-Penetrating Suture Passer Market, Global, 2020 – 2030 (US$) 404
Figure 14‑17: Market Value by Region, Reusable-Penetrating Suture Passer Market, Global, 2020 – 2030 (US$M) 405
Figure 14‑18: Disposable-Retrieving Suture Passer Market, Global, 2020 – 2030 406
Figure 14‑19: Units Sold by Region, Disposable-Retrieving Suture Passer Market, Global, 2020 – 2030 407
Figure 14‑20: Average Selling Price by Region, Disposable-Retrieving Suture Passer Market, Global, 2020 – 2030 (US$) 408
Figure 14‑21: Market Value by Region, Disposable-Retrieving Suture Passer Market, Global, 2020 – 2030 (US$M) 409
Figure 14‑22: Leading Competitors, Suture Passer Market, Global, 2023 413

iData’s 9-Step Research Methodology

Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.

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Suture passers are arthroscopic devices that are used to pass sutures through a variety of tissues, such as rotator cuff and labrum. Currently, there are three main types of suture passers available for surgeons: reusable-disposable needle-based suture passers, reusable-penetrating suture passers and disposable-retrieving suture passers.

  • 2024
  • 2024 - 2030
  • Global
  • MedCore
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