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 Sales, Average Selling Prices, Market 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
