Global Sternal Closure Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Closure Devices - Sternal closure wires, Sternal closure plates & screws and Bone Cement.

By Material;

Titanium, Polyether Ether Ketone (PEEK), Stainless Steel and Others.

By Procedure;

Median Sternotomy, Hemisternotomy and Bilateral Thoracosternotomy.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn128780922 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Sternal Closure Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Sternal Closure Systems Market was valued at USD 2,583.31 million. The size of this market is expected to increase to USD 3,654.41 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The Sternal Closure Systems market has seen significant growth attributed to factors such as the rising prevalence of open-heart surgeries among the elderly population. With an increasing number of older adults undergoing median sternotomy procedures, there's a corresponding demand for effective sternal closure systems. The simplicity and efficiency of the median sternotomy technique, offering swift access to the heart's vital components, have sustained its position as the preferred method for cardiac exposure, thereby bolstering the market for sternal closure systems.

Technological advancements in sternal closure systems have further propelled market expansion. Innovations aimed at enhancing the safety, efficacy, and ease of use of these closure systems have garnered attention from healthcare providers and patients alike. This continuous evolution in product development contributes to the market's growth by addressing the evolving needs of cardiac surgery procedures.

The increasing awareness about the importance of cardiac health and the growing adoption of advanced surgical techniques drive the demand for sternal closure systems. As healthcare infrastructure continues to improve globally, particularly in emerging economies, there's a greater accessibility to cardiac surgeries, boosting the utilization of sternal closure systems. This trend underscores the significant opportunities present in the market for stakeholders to innovate and meet the rising demand for efficient cardiac surgical solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Material
    3. Market Snapshot, By Procedure
    4. Market Snapshot, By Region
  4. Global Sternal Closure Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Open-heart surgeries
        2. Median sternotomy
        3. Elderly population
        4. Cardiac exposure
      2. Restraints
        1. Limited Reimbursement
        2. Alternative Treatment Options
        3. Regulatory Hurdles
        4. Surgical Complications
      3. Opportunities
        1. Aging Population
        2. Emerging Markets
        3. Minimally Invasive Techniques
        4. Patient-Centric Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Sternal Closure Systems Market, By Product, 2020 - 2030 (USD Million)
      1. Closure Devices
        1. Sternal closure wires
        2. Sternal closure plates
        3. Sternal closure clips
        4. Sternal closure cables & screws
      2. Bone Cement
    2. Global Sternal Closure Systems Market, By Material, 2020 - 2030 (USD Million)
      1. Titanium
      2. Polyether Ether Ketone (PEEK)
      3. Stainless Steel
      4. Others
    3. Global Sternal Closure Systems Market, By Procedure, 2020 - 2030 (USD Million)
      1. Median Sternotomy
      2. Hemisternotomy
      3. Bilateral Thoracosternotomy
    4. Global Sternal Closure Systems Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Depuy Synthes
      2. Zimmer Biomet Holdings
      3. Orthofix International N.V.
      4. A&E Medical
      5. Kinamed Incorporated
      6. Abyrx
      7. Jace Medical
      8. Jeil Medical Corporation
      9. Acute Innovations
  7. Analyst Views
  8. Future Outlook of the Market

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