Global Sternal Closure Systems Market: Emerging Trends, Major Key Players DePuy Synthes and Zimmer Biomet Holdings

According to the report, he global sternal closure systems market size was estimated at USD 1.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2021 to 2028. The main factor driving the growth of the sternal closure systems is the increasing number of heart diseases in major regions such as North America and Europe. The growing awareness among the people to live a healthy life and to have a strong heart has led to the gain in popularity of the sternal closure systems.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global STERNAL CLOSURE SYSTEMS industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Sternal Closure Systems market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Sternal Closure Systems players holding highest market share include DePuy Synthes, Zimmer Biomet Holdings, A&E Medical and KLS Martin Group. These players use expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• DePuy Synthes
• Zimmer Biomet Holdings
• A&E Medical
• KLS Martin Group
• Orthofix International
• ABYRX
• Acute Innovations
• Kinamed Incorporated
• Praesidia
• IDEAR.

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of STERNAL CLOSURE SYSTEMS Market:
o Closure Devices
o Bone Cement

Market Segment By Procedure with focus on market share, consumption trend, and growth rate of STERNAL CLOSURE SYSTEMS Market:
o Median Sternotomy
o Hemisternotomy
o Bilateral Thoracosternotomy

Market Segment By Material with a focus on market share, consumption trend, and growth rate of STERNAL CLOSURE SYSTEMS Market:
o Stainless Steel
o PEEK
o Titanium

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Global Sternal Closure Systems Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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