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Stainless Steel Kirschner Wires Market Size

  • Report ID: GMI10933
  • Published Date: Aug 2024
  • Report Format: PDF

Stainless Steel Kirschner Wires Market Size

Stainless Steel Kirschner Wires Market size was valued at around USD 881.7 million in 2023 and is expected grow at a CAGR of 5.1% from 2024 and 2032. The global market is experiencing significant growth driven by the rising prevalence of orthopedic problems and bone-related diseases.

 

The aging population, increasing incidence of osteoporosis, trauma and accidents, sports-related injuries, advancements in orthopedic devices, and improved healthcare access collectively contribute to the heightened demand for these essential surgical tools. Osteoporosis, characterized by weakened bones and increased fracture risk, is a major driver of demand for surgical fixation devices. For instance, the International Osteoporosis Foundation estimates that over 200 million people worldwide suffer from osteoporosis, leading to millions of fractures annually. In the U.S. alone, osteoporosis causes approximately 1.5 million fractures each year. These trends underscore the importance of Kirschner wires in managing and treating a wide range of orthopedic conditions, supporting market growth globally.
 

Stainless steel Kirschner wires (K-wires) are slender, pointed wires made of stainless steel, used in orthopedic surgery to hold bone fragments together, provide skeletal traction, and fixate bone during the healing process. Named after the German surgeon Martin Kirschner, these wires are essential tools in various orthopedic and trauma procedures.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global stainless steel Kirschner wires industry was valued at USD 881.7 million in 2023 and is anticipated to register 5.1% CAGR between 2024 and 2032, driven by the rising prevalence of orthopedic problems and bone-related diseases.

The hand and wrist surgery segment in the market held 51.5% revenue share in 2023 due to their vulnerability in various activities and accidents.

North America stainless steel Kirschner wires market accounted for USD 475.8 million in 2023 due to increasing participation in sports and recreational activities along with rising incidence of sports-related injuries.

Allegra Orthopaedics, Arthrex, Custom Wire technologies, Inc., DePuy Synthes, Hallmark Surgical, IMECO, Narang Medical Limited, Orthomed, Ortosintese, Shangdong Hangwei, and Stryker, among others.

Stainless Steel Kirschner Wires Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 259
  • Countries covered: 23
  • Pages: 130
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