Europe Sternal Closure Systems Market, 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), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights: Europe Sternal Closure Systems Market
The sternal closure systems market is expected to witness market growth at a rate of 7.10% in the forecast period of 2022 to 2029. Data Bridge Market Research report on sternal closure systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the advancements in the healthcare sector globally is escalating the growth of sternal closure systems market.
Sternal closure systems refers to a type of surgical procedure that is utilized for performing cardiac and cardiothoracic surgery. These systems are specifically designed for the sternotomy procedure that removes sternum when the surgery is performed the sternum is fixed by using steel wires.
The increase in the number of surgical procedures across the globe acts as one of the major factors driving the growth of sternal closure systems market. Technological advancements in sternotomy techniques and surge in target patient population accelerate the market growth. The availability of medical reimbursements across various sectors and surge in investments by key players further influence the market. Additionally, high disposable income, rise in the health consciousness, surge in healthcare expenditure and advancements in healthcare infrastructure positively affect the sternal closure systems market. Furthermore, increase in research activities for sternal closure procedures extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, procedural risks associated with sternal closure, and excise duty, taxes, and legislations for medical devices are expected to obstruct the market growth. Limited awareness among healthcare providers about novel sternal closure techniques is projected to challenge the sternal closure systems market in the forecast period of 2022-2029.
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.
Europe Sternal Closure Systems Market Scope and Market Size
The sternal closure systems market is segmented on the basis of product, procedure, fixation techniques, material and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, Europe sternal closure systems market has been segmented into closure devices and bone cement. Closure devices have been sub-segmented as wires, plates and screws, cables and clips.
- Based on procedure, Europe sternal closure systems market has been segmented into median sternotomy, hemisternotomy and bilateral thoracosternotomy.
- Sternal closure systems market has been segmented on the basis of fixation techniques into wirings fixation techniques, plate-screw systems, interlocking systems, cementing and vacuum assisted closure.
- Based on material, Europe sternal closure systems market has been segmented into stainless steel, polyether ether ketone (PEEK), titanium and others. Others consist of tritium and nitinol.
- Sternal closure systems market has also been segmented into hospitals and specialized surgical centres on the basis of end user.
Europe Sternal Closure Systems Market Country Level Analysis
The sternal closure systems market is segmented on the basis of product, procedure, fixation techniques, material and end user.
The countries covered in the Europe sternal closure systems market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe sternal closure systems market due to the technological advancements 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The sternal closure systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for sternal closure systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the sternal closure systems market. The data is available for historic period 2010-2020.
Competitive Landscape and Europe Sternal Closure Systems Market Share Analysis
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.
Some of the major players operating in the sternal closure systems market report are Medical Devices Business Services, Inc., KLS Martin Group, A&E Medical Corporation, Praesidia, Dispomedica GmbH, Teleflex Incorporated, B. Braun Melsungen AG, and Péters Surgical among others.