Sternotomy and sternal closure are procedures performed before and after cardiac surgery, respectively. Furthermore, significant technological advances, such as the use of biocompatible polymers such as PEEK, tritium, and nitinol, pre-sternotomy plates, and the development of minimally invasive median sternotomy techniques, are projected to boost market expansion. Globally, an increase in the number of surgical procedures has increased demand for surgical tools, resulting in market growth.
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Global Sternal Closure Systems Market was valued at USD 2,092.74 million in 2021 and is expected to reach USD 3,388.81 million by 2029, registering a CAGR of 5.93% during the forecast period of 2022-2029. The rise in the senior population undergoing open-heart surgery using median sternotomy is one of the primary factors driving the growth of the sternal closure devices market. The advancement of technology in sternotomy techniques to improve the operation accelerates market expansion.
Rising prevalence of unhealthy lifestyleis expected to drive the market's growth rate
Globally, sedentary lifestyles, increased alcohol and tobacco use, and poor diet are increasing the prevalence of heart disorders. As a result, surgical operations are increasing, which will likely accelerate the use of sternal closure devices in surgeries throughout the next years. The Centres for Disease Control and Prevention found that 28.1 million adults in the U.S. had a heart disease diagnosis in 2016. This will act as a ppositive determinant for the growth of the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Zimmer Biomet (U.S.), Medical Devices Business Services, Inc. (U.S.), KLS Martin Group (Germany), Acute Innovations LLC (U.S.), IDEAR S.R.L (Argentina), A&E Medical Corporation (U.S.), Praesidia (Italy), Kinamed Incorporated (U.S.), JACE Medical, LLC (U.S.), Dispomedica (Germany), ABYRX, INC. (U.S.), JEIL MEDICAL CORPORATION (South Korea), Changzhou Waston Medical Appliance Co., Ltd. (China), Teleflex Incorporated (U.S.), B. Braun Melsungen AG (Germany), and Sklar Surgical Instruments (U.S.)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
Global sternal closure systems market is categorized into six notable segments which are based on the basis of product, material, fixation techniques, procedure, end user and distribution channel.
- On the basis of product, the global sternal closure systems market is segmented into closure devices and bone cement. In 2021, closure devices segment dominated the market with the market share of 88.06% due to the remarkable application as compared to bone cement which is used in limited procedures.
- On the basis of material, the global sternal closure systems market is segmented into stainless steel, titanium, nitinol, polyether ether ketone, tritium and others. In 2021, stainless steel segment dominated the market with the market share of 32.86% due to the considerable application in closure devices such as wires, plates and screws, cables and others.
- On the basis of fixation techniques, the global sternal closure systems market is segmented into wiring techniques, plate-screw systems, interlocking systems, cementing, vaccum assisted closure, sternal talon and others. In 2021, the wiring technique segment dominated the market with the market share of 30.51% as it is the most common technique for sternal closure. It is the conventional way of closing the sternum after cardiothoracic surgeries.
- On the basis of procedure, the global sternal closure systems market is segmented into median sternotomy, hemisternotomy and bilateral thoracosternotomy. In 2021, median sternotomy segment dominated the market with the market share of 46.13% as the most common procedure for cardiothoracic surgeries. It is primarily used in patients undergoing an open-heart surgery who also require ICD implantation.
- On the basis of end user, the global sternal closure systems market is segmented into hospitals, specialized surgical centers and others.
In 2021, the hospitals segment of end user segment dominated the sternal closure systems market
In 2021, the hospitals segment dominated the market with 66.11% market share due to the expansion of hospitals in developing nations, rising number of healthcare providers, and rapid adoption of advanced technologies by small and large hospitals all over the globe.
- On the basis of distribution channel, the global sternal closure systems market is segmented into direct tender and retail sales.
In 2021, the direct tender segment of distribution channel segment dominated the sternal closure systems market
The direct segment dominated the market with 76.98% market share as the primary source of procurement in hospitals. With the increasing cost of healthcare, hospitals are focusing on better services for customers along with the reducing the overall cost.
Major Players
Data Bridge Market Research recognizes the following companies as the major market players: Zimmer Biomet (U.S.), Medical Devices Business Services, Inc. (U.S.), KLS Martin Group (Germany), Acute Innovations LLC (U.S.), IDEAR S.R.L (Argentina), A&E Medical Corporation (U.S.), Praesidia (Italy), Kinamed Incorporated (U.S.), JACE Medical, LLC (U.S.), Dispomedica (Germany), ABYRX, INC. (U.S.), JEIL MEDICAL CORPORATION (South Korea), Changzhou Waston Medical Appliance Co., Ltd. (China), Teleflex Incorporated (U.S.), B. Braun Melsungen AG (Germany), and Sklar Surgical Instruments (U.S.).
Market Development
- In 2019, To diversify its offering for degenerative spine illnesses, DePuy Synthes introduced the CONDUIT interbody Platform with EIT cellular titanium technology.
- In 2022, Prosteomax, a synthetic bone cement with halal certification, was introduced by Granulab (M) Sdn Bhd, a KPower Bhd subsidiary. Prosteomax was certified as halal by the Malaysian Islamic Development Department and licenced with the Malaysian Medical Device Authority for use in orthopaedic, cranial, dental, and maxillofacial applications.
- In 2022, CircumFix Solutions, a Tennessee start-up that has developed a ground-breaking sternal closure device to speed up patient recovery following open chest surgery, received investment from Evonik Venture Capital.
Regional Analysis
Geographically, the countries covered in the 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 (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the sternal closure systems market during the forecast period 2022 to 2029
The high prevalence of heart disease in North America is another factor contributing to the majority of the continent. For instance, a survey by the CDC found that 28.1 million Americans have been given a diagnosis for a heart disorder, such as valvular heart disease or cardiac arrest.
Asia-Pacific is estimated to be the fastest growing region in the sternal closure systems market in the forecast period 2022 to 2029
As leading players expand their geographic presence in the region and concentrate on the marketing of their products at a reasonably low cost, Asia Pacific is anticipated to grow at a lucrative compound annual growth rate (CAGR) over the forecast period.
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