Sternal Closure Systems Market Statistics, Emerging Demands
and Forecast

Sternal
Closure Systems Market Growth Trend & Forecast with latest research
study released by Delvens evaluating the market risk side analysis,
highlighting opportunities, and leveraging strategic and tactical
decision-making support. The report provides information on market trends and
development, growth drivers, technologies, and the changing investment
structure of the Global market, the global Sternal Closure Systems market size
was estimated at USD 2.1 billion in 2023 and is projected to reach USD 3.17
billion in 2030 at a CAGR of 5.3% during the forecast period to 2030.

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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.

The growth of the industry is driven by the increase in
cardiac and thoracic surgeries, the introduction of innovative sternal closure
systems and the increase in the number of elderly people worldwide. In
addition, median sternotomy provides easy and quick access to heart valves and
blood vessels, making it one of the most feasible sternal closure procedures.

North America to
Dominate the Market

·       
North America is estimated to account for the
largest market share during the forecast period because of the prevalence of
heart-related disorders such as cardiac arrest and valvular heart disease within
the region.

The Prominent Players
in the Sternal Closure Systems Market

·       
Johnson & Johnson

·       
DePuy Synthes

·       
Zimmer Biomet Holdings (A&E Medical)

·       
KLS Martin Group

·       
Stryker

·       
Acumed, LLC (Colson Medical, LLC)

·       
Figure 8 Surgical

·       
IDEAR S.R.L

·       
Praesidia SRL

·       
A&E Medical Corporation

·       
Dispomedica

·       
JEIL MEDICAL CORPORATION

·       
Teleflex Incorporated

·       
Changzhou Waston Medical Appliance Co., Ltd

·       
Sklar Surgical Instruments

Key Findings

·       
The product segment is divided into closure
devices and bone cement, with the former expected to maintain its dominant
position in the industry; It also contributed the largest share of the revenue,
60% in 2022.

·       
The procedure segment is divided into
hemisternotomy, bilateral thoracosternotomy, median sternotomy, and others. Of
these, mediasteronotomy accounted for the largest share, approximately 55% in
2022. This procedure is the most common osteotomy in the world to allow easy
access to the heart, lungs and surrounding structures during heart valve
surgery and coronary artery bypass grafting.

·       
The material segment is further bifurcated into
stainless steel, polyether ketone and titanium. The titanium material dominated
the demand for sternal closure systems, accounting for the majority of sales.
Titanium's superiority can be attributed to its corrosion resistance, ability
to efficiently enter human bones, and biocompatibility.

·       
The market is also divided into various regions
such as North America, Europe, Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for the largest market share
during the forecast period. With a large group of patients and well-established
medical insurance programs, North America accounted for the largest significant
market share.

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