Suture Passers Market Research Report | Global Size, Share, Analysis, Trends and Forecast 2028

Suture needle is an instrument used for suture of various tissues. It consists of three basic parts, namely needle tip, needle body and needle eye. According to the shape of the needle tip, there are three types: round, triangular and shovel heads. The needle body has three types: round, triangular and shovel-shaped. The needle eye is the hole for the lead, there are two kinds of ordinary hole and bullet hole. Suture passers are the handheld instruments designed to insert sutures into tissue edges and to close the wound during surgery. Suture passers hold the prosthetic device and stitches in place throughout the surgical procedure. The demand for Suture passers has greatly increased because the product can help surgeons eliminate inconvenience and reduce operation time.

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Disposable products mainly refer to non-reusable products. Reusable products mainly refer to reusable needle-based suture passers and reusable penetrating suture passers. ASCs are modern healthcare facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. Hospital is a health care institution providing patient treatment with specialized medical and nursing staff and medical equipment. In these medical places, there are places where the suture passers play a role. Among them, the hospital has the largest proportion because it accepts the most patients.

The Current Situation of Global Suture Passers Industry Market

North America was the largest revenue market with a market share of 41.31% in 2015 and 41.20% in 2019, a decrease of 0.11%. In 2019, the Europe market share was 31.54%, ranking second. Development of economy, increase downstream demand, technology innovation progress in these areas will promote the Suture Passers market. Suture Passers industry concentrate rate is high. The top three companies are Arthrex, Smith & Nephew, DePuy Mitek with the revenue market share of 22.27%, 11.06%, 8.86% in 2019.

As the number of surgical operations performed in the Asia-Pacific region continues to increase, it is expected that the Asia-Pacific region will experience rapid growth during the forecast period. In Japan and China, the aging of the population is becoming more serious, and the proportion of elderly population is high, which is the reason for the increasing incidence of fracture and spinal fusion surgery in the Asia Pacific region. People's preference for minimally invasive surgery and the advancement of suture passers technology have given the market of surgical suture passers a development opportunity. In addition, the improvement of medical reimbursement policies in developing countries in the Asia-Pacific region is expected to inject full potential into the market.

Global Suture Passers Industry Market Development Forecast

According to our research, the Global Suture Passers market has a total revenue of 96.02 M USD back in 2015, and increased to 127.42 M USD in 2019. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, we made the prediction that the value of Suture Passers markets can be 206.72 M USD by 2026. The CAGR of Suture Passers is 7.97% from 2020 to 2026.

The introduction of technologically advanced and reusable suture passersby market participants is an important trend to promote market development. For example, Stryker launched of its reusable suture passing technology for use in rotator cuff repair, Cobra in 2018. This first-of-its-kind technology leverages novel needle manufacturing and an innovative jaw design to produce the first reusable needle technology. Compared to other suture passers on the market, Cobra offers improved needle stiffness to address issues associated with intraoperative misfires and distal tip needle breakages. In addition, the value-based robust needle technology offers customers a more cost effective solution.

In surgical operation, wound suture is one of the essential links, and the speed of suture directly affects the progress of the operation. During the operation, different suture needles and sutures are required according to the patient's surgical incision, location of trauma, depth and body tissue. Suture passers fix and suture the prosthesis in place throughout the surgical procedure. These are specifically designed for specific types of surgeries with different variations and shapes. They use large sewing needles connected to the instrument to help the surgeon pass the suture through the tissue. Suture passers can eliminate the inconvenience and time and can help the surgeon.

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Heavy physical labor, poor sitting and standing posture, and long-term strain are all likely to cause joint pain and reduce the patient's quality of life. There are many treatment methods for joint pain, but not all joint pain can be relieved by conservative treatment. All treatment plans must be formulated according to the patient's condition. For severe symptoms, arthroscopic minimally invasive surgery is required. Small surgical incision is the biggest advantage of arthroscopic minimally invasive surgery. Disease diagnosis and surgical operations can be completed by only small incisions, which meets the patient's aesthetic requirements and has fewer sequelae after surgery. Arthroscopic surgery stimulates the demand for suture passers because they allow surgeons to work effectively in extremely confined spaces. With the popularization of national fitness exercises, the amount of avulsion injuries of joint soft tissues such as tendons, ligaments, and joint capsules caused by exercise is increasing year by year. Once injury occurs, it will inevitably bring a lot of inconveniences to patients' lives. In addition, the ability of joint soft tissue regeneration is poor, and repair often takes months or even years. Therefore, more and more patients choose surgical repair. Suture passers are an indispensable material during surgery. They play a mechanical support role during the repair of joint soft tissues and have an important impact on the repair effect.

Competition among medical device companies has become increasingly fierce. To maintain a leading position in the market, a company needs to have a keen sense of the market and the ability to acquire new trend-leading technologies. With the continuous emergence of new and reusable products with advanced technology, the market competition for suture passers has become increasingly fierce. For example, Stryker has also been through acquisitions to deploy new technologies, and will organically integrate the foreign technologies obtained through acquisitions with independent product development. Any treatment method has two sides, and arthroscopic minimally invasive surgery is no exception. The main disadvantage is that various small and fragile tools are required to operate during the operation, which can easily damage the articular cartilage. The occurrence of incidents such as distal tip needle breakage and intraoperative misfires during wound suture has a negative impact on the development of the market.