Market Overview:
The global Kirschner wire market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of bone fractures and growing demand for minimally invasive surgeries. Additionally, the rising geriatric population is also contributing to the growth of this market. Based on type, the global Kirschner wire market is segmented into stainless steel wires and nitinol wires. Stainless steel wires are expected to account for a larger share of this market than nitinol wires during the forecast period. This can be attributed to their high strength and durability as compared to nitinol wires.
Product Definition:
A Kirschner wire (K-wire) is a small, straight metal wire that is used to stabilize and hold bones in place while they heal.
Stainless Steel Wires:
Stainless steel wires are used in Kirschner wire market as an alternative to copper wires. They have a high electrical resistance and can be easily used in any application where copper is preferred but due to its softness it cannot be used everywhere. It has many advantages over copper such as less chance of arcing, no risk of absorbing energy from the surroundings, less chances of getting contaminated by bacteria or viruses and lastly it does not absorb heat from the surroundings like other metals do.
Nitinol Wires:
Nitinol wires are made from a special form of nickel and they have the ability to transform electrical energy into heat. Nitinol is a metal alloy of 95% Nickel and 5% Chromium. It has high thermal conductivity, low electrical conductivity, high hardness, ductility & flexibility properties. These wires are used in Kirschner Wire Market for making an electric arc that produces light by heating the end piece which is then connected to the bulb or lamp.
Application Insights:
The hand and wrist segment held the largest market share of over 30% in 2017. The application is driven by rising incidence of trauma cases due to road accidents, falls and violence. According to a study published in the journal of Trauma Surgery & Orthopedic Rehabilitation, there were nearly 617,000 lower limb injuries treated in U.S. emergency rooms in 2014.
Regional Analysis:
Europe was the largest market for kirschner wires, accounting for a share of more than 30.0% in 2017 owing to the presence of large number of orthopedic and neurological surgery centers in Germany. In addition, increasing road accidents are also anticipated to boost product demand over the forecast period.
In 2016, China witnessed an increase in per capita disposable income by nearly 15%, which is expected favorably impact consumer purchasing power thereby driving growth over next eight years.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising demand for lightweight materials in automobiles
- Growing popularity of Kirschner wire in orthopedic surgeries
- Technological advancements in the manufacturing process of Kirschner wire
- Rising disposable income levels of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Kirschner Wire Market Research Report
By Type
Stainless Steel Wires, Nitinol Wires
By Application
Foot & Ankle, Hand & Wrist
By Companies
Zimmer Biomet, Stryker, Arthrex, DePuy Synthes, Allegra Orthopaedics, Modern Grinding, Hallmark Surgical, Shangdong Hangwei, Jinhuan Medical, Orthomed, Ortosintese, IMECO, Micromed Medizintechnik, Sklar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Kirschner Wire Market Report Segments:
The global Kirschner Wire market is segmented on the basis of:
Types
Stainless Steel Wires, Nitinol Wires
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Foot & Ankle, Hand & Wrist
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zimmer Biomet
- Stryker
- Arthrex
- DePuy Synthes
- Allegra Orthopaedics
- Modern Grinding
- Hallmark Surgical
- Shangdong Hangwei
- Jinhuan Medical
- Orthomed
- Ortosintese
- IMECO
- Micromed Medizintechnik
- Sklar
Highlights of The Kirschner Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel Wires
- Nitinol Wires
- By Application:
- Foot & Ankle
- Hand & Wrist
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Kirschner Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Kirschner Wire is a type of electrical wire that is made from a mixture of copper and nickel. This wire has a higher resistance than other types of electrical wires, which makes it perfect for use in electric vehicles. Kirschner Wire also has a low melting point, which means it can be easily formed into shapes without becoming brittle.
Some of the key players operating in the kirschner wire market are Zimmer Biomet, Stryker, Arthrex, DePuy Synthes, Allegra Orthopaedics, Modern Grinding, Hallmark Surgical, Shangdong Hangwei, Jinhuan Medical, Orthomed, Ortosintese, IMECO, Micromed Medizintechnik, Sklar.
The kirschner wire market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Kirschner Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Kirschner Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Kirschner Wire Market - Supply Chain
4.5. Global Kirschner Wire Market Forecast
4.5.1. Kirschner Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Kirschner Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Kirschner Wire Market Absolute $ Opportunity
5. Global Kirschner Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Kirschner Wire Market Size and Volume Forecast by Type
5.3.1. Stainless Steel Wires
5.3.2. Nitinol Wires
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Kirschner Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Kirschner Wire Market Size and Volume Forecast by Application
6.3.1. Foot & Ankle
6.3.2. Hand & Wrist
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Kirschner Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Kirschner Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Kirschner Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Kirschner Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Kirschner Wire Demand Share Forecast, 2019-2026
9. North America Kirschner Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Kirschner Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Kirschner Wire Market Size and Volume Forecast by Application
9.4.1. Foot & Ankle
9.4.2. Hand & Wrist
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Kirschner Wire Market Size and Volume Forecast by Type
9.7.1. Stainless Steel Wires
9.7.2. Nitinol Wires
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Kirschner Wire Demand Share Forecast, 2019-2026
10. Latin America Kirschner Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Kirschner Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Kirschner Wire Market Size and Volume Forecast by Application
10.4.1. Foot & Ankle
10.4.2. Hand & Wrist
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Kirschner Wire Market Size and Volume Forecast by Type
10.7.1. Stainless Steel Wires
10.7.2. Nitinol Wires
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Kirschner Wire Demand Share Forecast, 2019-2026
11. Europe Kirschner Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Kirschner Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Kirschner Wire Market Size and Volume Forecast by Application
11.4.1. Foot & Ankle
11.4.2. Hand & Wrist
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Kirschner Wire Market Size and Volume Forecast by Type
11.7.1. Stainless Steel Wires
11.7.2. Nitinol Wires
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Kirschner Wire Demand Share, 2019-2026
12. Asia Pacific Kirschner Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Kirschner Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Kirschner Wire Market Size and Volume Forecast by Application
12.4.1. Foot & Ankle
12.4.2. Hand & Wrist
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Kirschner Wire Market Size and Volume Forecast by Type
12.7.1. Stainless Steel Wires
12.7.2. Nitinol Wires
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Kirschner Wire Demand Share, 2019-2026
13. Middle East & Africa Kirschner Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Kirschner Wire Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Kirschner Wire Market Size and Volume Forecast by Application
13.4.1. Foot & Ankle
13.4.2. Hand & Wrist
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Kirschner Wire Market Size and Volume Forecast by Type
13.7.1. Stainless Steel Wires
13.7.2. Nitinol Wires
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Kirschner Wire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Kirschner Wire Market: Market Share Analysis
14.2. Kirschner Wire Distributors and Customers
14.3. Kirschner Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Zimmer Biomet
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Arthrex
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DePuy Synthes
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Allegra Orthopaedics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Modern Grinding
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hallmark Surgical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shangdong Hangwei
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jinhuan Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orthomed
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ortosintese
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. IMECO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Micromed Medizintechnik
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sklar
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
