Press release
Sternal Closure Market 2025: Analyzed by Business Growth, Development Factors, Applications, and Future Prospects
Market Overview:Global sternal closure market is expected to reach USD 2,301.16 million by 2025 from USD 1,417.06 million in 2017, at a CAGR of 6.4% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The increased target patient population coupled with the subsequent increase in the number of surgical procedures, growing availability of medical reimbursements across major markets, and technological advancements in sternotomy techniques are expected to drive the demand for sternal closure systems during the study period. On the other hand, the procedural risks associated with sternal closure and the excise duty, taxes, and legislations for medical devices across the globe may limit market growth during the forecast period.
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Global sternal closure market competition by top players include -
Zimmer Biomet dominated the sternal closure market accounting largest market share followed by B. Braun Melsungen AG, and Depuy Synthes along with other players such as
• JACE Medical, LLC
• Péters Surgical,
• KLS Martin Group,
• A&E Medical Corporation
• Acute Innovations LLC
• Idear SRL
• Kinamed Incorporated.
• Neuro France Implants
• Mani, Inc
• JEIL MEDICAL CORPORATION
• Waston Medical Corporation
• Dispomedica
• Praesidia.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
• Based on product, the market is segmented into closure devices, bone cementing. In 2018, closure devices is likely to rule the market and is also projected to grow with the highest CAGR in the forecast period 2018-2025
• On the basis of material, market is segmented into stainless steel, polyether ether ketone, titanium, tritium and nitinol
• On the basis of fixation techniques market is segmented into wiring fixation techniques, interlocking systems, plate-screw systems, vacuum-assisted closure and cementing
• On the basis of procedures market is segmented into median sternotomy, hemisternotomy and bilateral thoracosternotomy,
• On the basis of end users, market is segmented into hospitals, specialized surgery centers.
Based on geography, the market is segmented into 5 geographical regions:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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