Press release
Sternal Closure Systems Market Information: Product (Closure Devices & Bone Cement), Procedure (Median Sternotomy, Bilateral Thoracosternotomy), Closure Material (Stainless Steel & Titanium), and End-User (Hospitals & Clinics) - Forecast Till 2032
Report OverviewThe size of the world market for sternal closure systems was predicted to be USD 2.39 billion in 2021 and is anticipated to increase at a CAGR of 5.4% from 2022 to 2032. One of the main factors driving the market's growth is the growing number of elderly people having open-heart surgery through a median sternotomy. Due to its simplicity and speedy access to the heart's valves and blood vessels, the median sternotomy operation has remained the most widely used method for cardiac exposure to date.
Prior to and after heart surgery, sternotomies and sternal closures are performed, respectively. Additionally, the market is anticipated to increase as a result of quick technological developments, such as the use of biocompatible polymers like PEEK, tritium, and nitinol, pre-sternotomy plates, and the development of minimally invasive median sternotomy procedures.
Global Sternal Closure Systems Market Analysis and Size
In-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework are all included in the market research that has been carefully curated. Because it provides quick and simple access to the heart's arteries and valves, median sternotomy surgery is one of the most widely used methods for cardiac exposure. Before and after heart surgery, sternal closure and sternotomy are performed.
Global Sternal Closure Systems Market Definition
Systems utilised to fixate and stabilise fractures of the front chest wall are referred to as sternal closure systems. The systems that are frequently used in sternal fixation after sternal reconstructive surgeries in order to encourage fusion.
Restraints/Challenges Global Sternal Closure Systems Market
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 providers' lack of knowledge of novel sternal closure procedures during the forecast period of 2023-2032.
This market study on sternal closure systems includes information on recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, the effects of domestic and local market participants, an analysis of potential revenue pockets, changes to market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
Research Methodology
This study provides excellent insights and is the result of a thorough research approach that included thorough secondary research, demanding primary interviews with industry stakeholders, and validation and triangulation internal database and statistical techniques. The information was gathered from more than 1,000 verified secondary sources, including corporate annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and publications. To collect both the qualitative and quantitative insights, we performed over ten in-depth primary interviews with market participants along the whole value chain in each of the four areas.
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Global Sternal Closure Systems Market: Major Players
DePuy Synthes
KLS Martin Group
Acute Innovations
ABYRX
Kinamed Incorporated
Praesidia Srl
IDEAR SRL
Zimmer Biomet Holdings
A&E Medical
Orthofix International NV
Global Sternal Closure Systems Market: By Types
Closure Devices
Bone Cement
Global Sternal Closure Systems Market: By Applications
Stainless Steel
Titanium
Nitinol
Polyether Ether
Tritium
Global Sternal Closure Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Sternal Closure Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.
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COVID-19 Impact on Sternal Closure Systems Market
The global covid-19 epidemic presented serious difficulties for several industries. The market for sternal closure systems suffered as a result of supply disruptions that reduced the availability of the product.
Frequently Asked Questions About This Report
• Which segment accounted for the largest sternal closure systems market share?
• Who are the key players in the sternal closure systems market?
• What are the factors driving the sternal closure systems market?
• How big is the sternal closure systems market?
• What is the sternal closure systems market growth?
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