Global Sternal Closure Systems Market Segmentation, By Product (Closure Devices, Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Fixation Techniques (Wiring Fixation Techniques, Plate-Screw Systems, Interlocking Systems, Cementing, Vacuum Assisted Closure), Material (Stainless Steel, PEEK, Titanium, Others), End Users (Hospitals, Specialized Surgical Centres) – Industry Trends and Forecast to 2031
Sternal Closure Systems Market Analysis
Median sternotomy procedure is one of the most popular technique for cardiac exposure due to the easy and quick access to heart vessels and valves. Sternal closure and sternotomy occur prior to and post cardiac surgery.
Sternal Closure Systems Market Size
Global sternal closure systems market size was valued at USD 2.35 billion in 2023 and is projected to reach USD 3.72 billion by 2031, with a CAGR of 5.93% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Sternal Closure Systems Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Zimmer Biomet (US), Medical Devices Business Services, Inc. (US), KLS Martin Group (Germany), Acute Innovations LLC (US), IDEAR S.R.L (Argentina), A&E Medical Corporation (US), Praesidia (Italy), Kinamed Incorporated (US), JACE Medical, LLC (US), Dispomedica (Germany), ABYRX, INC. (US), JEIL MEDICAL CORPORATION (South Korea), Changzhou Waston Medical Appliance Co., Ltd. (China), Teleflex Incorporated (US), B. Braun Melsungen AG (Germany), Sklar Surgical Instruments (US) among others
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Market Opportunities
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Global Sternal Closure Systems Market Definition
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.
Sternal Closure Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Geriatric Population
The increase in the geriatric population is one of the major factors driving the growth of sternal closure systems market owing to the rise in elderly population undergoing open-heart surgery through median sternotomy.
- Technological Advancements
The rise in the technological advancements in sternotomy techniques to enhance the procedure accelerate the market growth.
- Rise in Surgical Procedures
The surge in target patient population along with the subsequent increase in the number of surgical procedures further influence the market.
Opportunities
Furthermore, research activities for sternal closure procedures extend profitable opportunities to the market players in the forecast period of 2024 to 2031. Also, rise in in public healthcare infrastructure will further expand the market.
Restraints/Challenges Global Sternal Closure Systems Market
On the other hand, procedural risks associated with sternal closure and legislations for medical devices are expected to obstruct market growth. Also, lack of awareness among healthcare providers about novel sternal closure techniques and dearth of skilled or technicians are projected to challenge the sternal closure systems market in the forecast period of 2024-2031.
This sternal closure systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on sternal closure systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Sternal Closure Systems Market
COVID-19 had a negative impact on the sternal closure systems market owing to the decline in elective surgeries. Hospital access was restricted to non-essential care, and O&P clinics were temporarily closed during the pandemic. The implementation of social distancing, lockdown of the population and limited access to clinics greatly affected the market. The slow-down in patient flow and referrals, and decline in trauma and workplace injuries also impacted the market growth. However, market will resume its growth in the post-pandemic due to the easing in restrictions that were imposed earlier.
Global Sternal Closure Systems Market Scope
The sternal closure systems market is segmented on the basis of product, type and material. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Closure Devices
- Wires
- Plates and Screws
- Cables and Clips
- Bone Cement
Procedure
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
Fixation Techniques
- Wiring Fixation Techniques
- Plate-Screw Systems
- Interlocking Systems
- Cementing Vacuum Assisted Closure
Material
- Stainless Steel
- Polyether Ether Ketone (PEEK)
- Titanium
- Others
End User
- Hospitals
- Specialized Surgical Centres
Sternal Closure Systems Market Regional Analysis
The sternal closure systems market is analyzed and market size insights and trends are provided by country, product, procedure, fixation techniques, material and end user as referenced above.
The countries covered in the sternal closure systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sternal closure systems market because of the prevalence of heart-related disorders such as cardiac arrest and valvular heart disease within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2024 to 2031 due to the growing awareness about cardiac diseases and treatment in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Sternal Closure Systems Market Share
The sternal closure systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sternal closure systems market.
Sternal Closure Systems Market Leaders Operating in the Market Are:
- Zimmer Biomet (US)
- Medical Devices Business Services, Inc. (US)
- KLS Martin Group (Germany)
- Acute Innovations LLC (US)
- IDEAR S.R.L (Argentina)
- A&E Medical Corporation (US)
- Praesidia (Italy)
- Kinamed Incorporated (US)
- JACE Medical, LLC (US)
- Dispomedica (Germany)
- ABYRX, INC. (US)
- JEIL MEDICAL CORPORATION (South Korea)
- Changzhou Waston Medical Appliance Co., Ltd. (China)
- Teleflex Incorporated (US)
- B. Braun Melsungen AG (Germany)
- Sklar Surgical Instruments (US)
Latest Developments in Sternal Closure Systems Market
- Able Medical Devices announced the launch of Valkyrie Thoracic Fixation System in June’2021. The product is market’s first single-use radiolucent plating system that is specifically designed to span the osteotomy and close the sternum after open heart surgery
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