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

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

Global Wire Cerclage 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.

Wire Cerclage Sternal Closure Systems Market

Wire Cerclage Sternal Closure Systems Market Analysis and Size

Sternal closure systems are utilized to close the breastbone after heart and thoracic cavity surgeries. For all bone reconstructions, with the exception of those following sternotomies, rigid bone fixation is the standard of treatment. In comparison to wire cerclage, rigid fixation with plates during sternal reconstruction following median sternotomy may promote bone healing and lessen pain.

Data Bridge Market Research analyses that the wire cerclage sternal closure systems market which was USD 2,092.74 million in 2021, would rocket up to USD 3816.50 million by 2029, and is expected to undergo a CAGR of 7.80% during the forecast period 2022 to 2029. 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 also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Wire Cerclage Sternal Closure Systems Market Scope and Segmentation    

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

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 (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), Sklar Surgical Instruments (U.S.)

Market Opportunities

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

Market Definition

Sternal closure systems are utilized to close the breastbone, after heart and thoracic cavity surgeries. With the use of various approaches, these treatments fix and stabilize the anterior chest wall and encourage fusion. Sternal closure systems support increased bone stability, healing, and pain management. sternal cables composed of braided metallic material are often used in heart surgery. Steel wires are now available from manufacturers to patients having elective heart surgery to prevent bone rupture during median sternotomies.

Wire Cerclage Sternal Closure Systems Market Dynamics

Drivers

  • Older Adult Population

The rise in senior people having open-heart surgery using median sternotomies, the geriatric population is one of the main factors propelling the market for sternal closure devices.

  • Technological Progress

The market's expansion is accelerated by the surge in technological developments in sternotomy techniques to improve the operation.

  • Increase in Surgical Operations

The market is also affected by the rise in the target patient population and the concomitant rise in surgical operations.

  • Rising rates of CVDs

One of the main factors driving the growth of the sternal closure systems market globally is the rising rates of CVDs caused by sedentary lifestyles, the rising number of smokers, and the rising percentage of people with alcohol use disorder. The rise in the number of patients having open heart surgery is another factor contributing to the market expansion.

Opportunities

Additionally, the market players have lucrative potential to research projects on sternal closure techniques during the projected period of 2022 to 2029. The market will grow much more as public healthcare infrastructure improves.

Restraints/Challenges

On the other hand, regulations for medical devices and procedural hazards related to sternal closure are anticipated to limit market expansion. The market for sternal closure systems is expected to face challenges from a shortage of qualified technicians and healthcare professionals' lack of knowledge of novel sternal closure procedures during the forecast period of 2022–2029.

This wire cerclage 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 the wire cerclage 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 Wire Cerclage Sternal Closure Systems Market

COVID-19 had a detrimental effect on the market for sternal closure systems, because fewer elective procedures were performed after covid. O and P clinics were briefly shuttered during the epidemic, and hospital access was limited to non-essential care. Social exclusion, population control, and restricted access to clinics significantly impacted the market. The market growth was also influenced by the slowdown in patient flow, referrals, trauma, and industrial injuries. The market will, however, start to expand again after the epidemic because the earlier limits have been loosened.

Recent Development

  • In June 2021, Able Medical Devices announced the release of the ValkyrieTM Thoracic Fixation System. The device is the first single-use radiolucent plating system on the market that is intended just for use following open heart surgery to span the osteotomy and close the sternum.

Global Wire Cerclage Sternal Closure Systems Market Scope

The wire cerclage sternal closure systems market is segmented on the basis of product, type and material. The growth amongst these segments will help you analyze meagre 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

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

Wire Cerclage Sternal Closure Systems Market Regional Analysis/Insights

The wire cerclage sternal closure systems market is analysed and market size insights and trends are provided by country, product, type and material as referenced above.

The countries covered in the wire cerclage 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 wire cerclage sternal closure systems market due to the prevalence of heart-related disorders such as cardiac arrest and valvar heart disease within the region.

Asia-Pacific is expected to grow at the highest growth rate in 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 wire cerclage 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 Global wire cerclage sternal closure systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the wire cerclage sternal closure systems market. The data is available for historic period 2010-2020.

Competitive Landscape and Wire Cerclage Sternal Closure Systems Market Share Analysis

The wire cerclage 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 wire cerclage sternal closure systems market.

Some of the major players operating in the wire cerclage sternal closure systems market are:

  • 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)
  • Sklar Surgical Instruments (U.S.)


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Frequently Asked Questions

The wire cerclage sternal closure systems market value was USD 2,092.74 million in 2021.