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Global Sternal Closure Systems Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global 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) – Industry Trends and Forecast to 2029.

Sternal Closure Systems Market

Global Sternal Closure Systems Market Analysis and Size

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.

The rise in the geriatric population is escalating the growth of sternal closure systems market. 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 market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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.

Market Players Covered

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

Market Opportunities

  • Increase in the geriatric population
  • Rise in the technological advancements
  • Surge in target patient population

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 2022 to 2029. 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 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.

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.

Recent Development

  • 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.

Global Sternal Closure Systems Market Scope and Market Size

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
  • Bone Cement

On the basis of product, the 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.

Procedure

  • Median Sternotomy
  • Hemisternotomy
  • Bilateral Thoracosternotomy

Based on procedure, the sternal closure systems market has been segmented into median sternotomy, hemisternotomy and bilateral thoracosternotomy.

Fixation Techniques

  • Wiring Fixation Techniques
  • Plate-Screw Systems
  • Interlocking Systems
  • Cementing Vacuum Assisted Closure

Sternal closure systems market has been segmented on the basis of fixation techniques into wiring fixation techniques, plate-screw systems, interlocking systems, cementing and vacuum assisted closure.

Material

  • Stainless Steel
  • Polyether Ether Ketone (PEEK)
  • Titanium
  • Others

Based on material, the sternal closure systems market has been segmented into stainless steel, polyether ether ketone (PEEK), titanium and others. Others consist of tritium and nitinol.

End User

On the basis of end user sternal closure systems market has also been segmented into hospitals and specialized surgical centres.

Sternal Closure Systems Market Regional Analysis/Insights

The sternal closure systems market is analysed 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 2022 to 2029 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.   

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 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 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)

Research Methodology : Global Sternal Closure Systems Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-sternal-closure-systems-market

Customization Available : Global Sternal Closure Systems Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Sternal Closure Systems Market will be projected at USD 3,388.81 million during the forecast by 2029.
The Sternal Closure Systems Market is Expected to Witness CAGR of 5.93% During the Forecast Period of 2022 to 2029.
The Major Players Operating in the Sternal Closure Systems 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), among others.
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.
The Sternal Closure Systems Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.