North America 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 (U.S., Canada, Mexico), Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Sternal Closure Systems Market
North America sternal closure systems market is expected to be expanding in terms of market capitalization at a potential rate of 6.7% in the forecast period of 2020 to 2027. The market valuation is expected to be driven by the growing prevalence of applicable disorders of these systems, along with the rising presence of cardiac/cardiothoracic surgical procedures.
Sternal closure systems are the different medical products constituting of devices, services and solutions all combined to help physicians carry out sternotomy procedures during cardiac/cardiothoracic surgeries. These products help improve the ease of sternum closure by providing innovative and advanced closure systems. Majorly these systems involve the utilization of stainless steel wires and hooks designed to help close up the sternum as efficiently and as effectively as possible without any pain for the patient.
Advancements of technologies and availability of favourable reimbursement scenarios for the target surgeries is expected to propel the market’s capitalization in the forecasted period of 2020 to 2027. Another factor that is affecting the market growth in a positive manner is the growth of applications for these systems in obese patient groups.
Regulations and strict compliances in relation to the product approvals and commercialization of these systems are restricting the growth of the market. A number of major manufacturers have recalled their products amid increasing cases of complications and risk arising with the usage of their products. These factors in combination are acting as major restraints of the market growth.
This sternal closure systems market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Sternal Closure Systems Market Scope and Market Size
Sternal closure systems market is segmented on the basis of product, procedure, fixation techniques, material and end user. Each individual segment’s growth is analysed and these insights are subsequently considered before providing you with the market overview which can help you in understanding and identification of your core applications in the broad market.
On the basis of product, sternal closure systems market has been segmented into closure devices and bone cement. Closure devices have been sub-segmented as wires, plates & screws, cables and clips.
Based on procedure, 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 wiring fixation techniques, plate-screw systems, interlocking systems, cementing and vacuum assisted closure.
Based on material, 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.
Sternal Closure Systems Market Country Level Analysis
Sternal closure systems market is analysed and market size information is provided by country, product, procedure, fixation techniques, material and end user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America.
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 new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
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 of 2010 to 2018.
Competitive Landscape and Sternal Closure Systems Market Share Analysis
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, regional presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to sternal closure systems market.
The major players covered in the report are Zimmer Biomet, Medical Devices Business Services, Inc., KLS Martin Group, Acute Innovations LLC, A&E Medical Corporation, Kinamed Incorporated, JACE Medical, LLC, ABYRX, INC., Teleflex Incorporated, B. Braun Melsungen AG, Sklar Surgical Instruments, Péters Surgical among other domestic players. Market share data is available for U.S., Canada and Mexico separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Sternal Closure Systems Market
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