Sternal Closure Systems Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global Sternal Closure Systems market size was estimated at USD 2.1 billion in 2023 and is projected to reach USD 3.17 billion in 2030 at a CAGR of 5.3% during the forecast period to 2030.
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Sternal closure systems refer to the systems that are used in the fixation and stabilization of fractures of the anterior chest wall. The systems widely utilized in sternal fixation following sternal reconstructive surgical procedures for the purpose of promoting fusion.
The growth of the industry is driven by the increase in cardiac and thoracic surgeries, the introduction of innovative sternal closure systems and the increase in the number of elderly people worldwide. In addition, median sternotomy provides easy and quick access to heart valves and blood vessels, making it one of the most feasible sternal closure procedures.
North America to Dominate the Market
- North America is estimated to account for the largest market share during the forecast period because of the prevalence of heart-related disorders such as cardiac arrest and valvular heart disease within the region.
The Prominent Players in the Sternal Closure Systems Market
- Johnson & Johnson
- DePuy Synthes
- Zimmer Biomet Holdings (A&E Medical)
- KLS Martin Group
- Stryker
- Acumed, LLC (Colson Medical, LLC)
- Figure 8 Surgical
- IDEAR S.R.L
- Praesidia SRL
- A&E Medical Corporation
- Dispomedica
- JEIL MEDICAL CORPORATION
- Teleflex Incorporated
- Changzhou Waston Medical Appliance Co., Ltd
- Sklar Surgical Instruments
Key Findings
- The product segment is divided into closure devices and bone cement, with the former expected to maintain its dominant position in the industry; It also contributed the largest share of the revenue, 60% in 2022.
- The procedure segment is divided into hemisternotomy, bilateral thoracosternotomy, median sternotomy, and others. Of these, mediasteronotomy accounted for the largest share, approximately 55% in 2022. This procedure is the most common osteotomy in the world to allow easy access to the heart, lungs and surrounding structures during heart valve surgery and coronary artery bypass grafting.
- The material segment is further bifurcated into stainless steel, polyether ketone and titanium. The titanium material dominated the demand for sternal closure systems, accounting for the majority of sales. Titanium’s superiority can be attributed to its corrosion resistance, ability to efficiently enter human bones, and biocompatibility.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. With a large group of patients and well-established medical insurance programs, North America accounted for the largest significant market share.
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