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The stainless steel Kirschner wires industry is fragmented, with various large multinationals and small to mid-sized companies competing in the market. The development and launch of novel devices with improved efficiency and cost-effectiveness are key strategies for leading players in the market, driving competition and innovation within the industry. This focus on innovation aims to address evolving clinical needs and medical supply demands, positioning companies to gain market share and meet the growing demand for advanced stainless steel Kirschner wires.
Some of the eminent market participants operating in the stainless steel Kirschner wires industry include:
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.
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.
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.
Allegra Orthopaedics, Arthrex, Custom Wire technologies, Inc., DePuy Synthes, Hallmark Surgical, IMECO, Narang Medical Limited, Orthomed, Ortosintese, Shangdong Hangwei, and Stryker, among others.