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Sternal Closure Systems Market 2023 Global Analysis by Product, Procedure, Material, Fixation Techniques, End Users, Competitive Landscape, and Key Drivers

07-31-2023 04:16 PM CET | Health & Medicine

Press release from: Delvens

"Sternal Closure Systems Market"

"Sternal Closure Systems 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 2023-2030. 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.

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The widespread use of innovative closure techniques due to the increase in the number of cardiothoracic surgical procedures can also be explained by the increase in the number of elderly people undergoing open heart surgery via median antrectomy. Because of its simplicity and rapid access to the valves and blood vessels, the median sternotomy remained the most commonly used method to expose the heart cavity. Accelerating technological improvements, including the use of biocompatible polymers such as polyether ether (PEEK) and kryptonite bone cement, as well as pre-sternotomy plates and the emergence of minimally invasive median sternotomy procedures, are also likely to drive the expansion of the industry. The demand for surgical instruments has increased dramatically due to the increase in the number of surgical operations worldwide. In addition, the older population is at greater risk of cardiovascular disease due to poor diet and lack of exercise.

In addition, due to the increase in non-communicable diseases and serious injuries, developing countries also spend significantly on public medical infrastructure, which in turn significantly increases the number of surgical procedures here.

The prominent players in the Sternal Closure Systems market are

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
Kinamed Incorporated
Jace Medical
B Braun SE
Orthofix Holdings Inc
Abyrx Inc
Medical Devices Business Services, Inc.
Acute Innovations LLC
A&E Medical Corporation
Dispomedica
JEIL MEDICAL CORPORATION
Teleflex Incorporated
Changzhou Waston Medical Appliance Co., Ltd
Sklar Surgical Instruments

Sternal Closure Systems Market Recent Developments:

• In 2022, Evonik Venture Capital announced its investment in CircumFix Solutions which is a Tennessee-based startup that developed a sternal closure device to improve patient recovery after open chest surgery. The device used n implant-grade polyetherether (PEEK) from Evonik for better results.

• In 2021, NEOS Surgery presented their implantable surgical device known as STERN Fix which is made of a Carbon Peek Matrix at the 35th European Association for Cardio Thoracic Surgery (EACTS) annual meeting held from 13 to 16 October in Barcelona.

• In 2020, Zimmer Biomet announced the acquisition of A&E Medical for USD 250 Million which enhances Zimmer Biomet's Dental, Spine & Craniomaxillofacial, and Thoracic businesses.

Make an Inquiry Before Buying at: https://www.delvens.com/Inquire-before-buying/sternal-closure-systems-market-trends-forecast-till-2030

Scope of the Report:

The Sternal Closure Systems Market is segmented into various segments such product, procedure, material, fixation technique, end user and region:

Based on product, the sternal closure systems market is segmented into:

Closure Device
Wires
Plates and Screws
Cable
Clips
Others
Bone Cement

Based on procedure, the sternal closure systems market is segmented into:

Median Sternotomy
Hemisternotomy
Bilateral Thoracosternotomy

Based on the material, the sternal closure systems market is segmented into:

Stainless Steel
Polyether Ether
Titanium

Based on the fixation techniques, the sternal closure systems market is segmented into:

Wiring Fixation Techniques
Plate-Screw Systems
Interlocking Systems
Cementing
Vacuum Assisted Closure

Based on end users, the sternal closure systems market is segmented into:

Hospitals
Specialized Surgical Centres

Based on region, the sternal closure systems market is segmented into:

Asia Pacific

Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe

South America

Brazil
Argentina
Chile
Colombia
Rest of South America

Middle East & Africa

South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa

Direct Purchase of the Sternal Closure Systems Market Research Report at: https://www.delvens.com/checkout/sternal-closure-systems-market-trends-forecast-till-2030

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About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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