Sternal Closure System Market Size Worth USD 4.36 Billion in 2032 | Emergen Research

The global sternal closure system market size was USD 2.30 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.4% during the forecast period. Innovations in sternal closure systems, coupled with the rising geriatric population and increasing prevalence of cardiovascular diseases (CVDs), are propelling significant growth in the global sternal closure system market, according to recent market research.

The market analysis highlights the pivotal role of technological advancements, particularly in material innovation. Introducing biocompatible polymers like PEEK and Kryptonite bone cement has notably enhanced strength, durability, and imaging compatibility in sternal closure systems. These advancements are reshaping the landscape of sternal closure systems, fostering efficiency, quality improvement, and hastening development processes.

Get Free Sample Report and Related Graphs & Charts @https://www.emergenresearch.com/request-sample/2850

The escalating prevalence of CVDs globally is a driving factor, with CVDs being the leading cause of mortality worldwide. As CVD cases surge, so does the demand for open-heart surgeries, directly influencing the need for sternal closure systems and boosting market revenue.

Elderly individuals, who are more prone to CVDs, often necessitate open-heart surgeries. This demographic's higher risk of complications from traditional sternal closure methods prompts a growing demand for minimally invasive techniques like cable systems and clips, promising faster recovery times and reduced pain.

The introduction of innovative products like MONTAGE by Abyrx underscores the transformative potential of technological advancements in cardiac procedures. MONTAGE, a settable bone putty, boasts unprecedented ease of handling during surgery, rapid adherence to bleeding bone, and quicker hardening, promising faster recovery and reduced pain for patients.

Market Segmentation Insights

Product Segment:

Closure devices dominate the market, offering advantages in minimizing tissue disruption, postoperative pain, and infection rates compared to bone cement. Within closure devices, sternal closure wires, plates, screws, cables, and clips segments exhibit substantial growth potential owing to their minimally invasive nature and better patient outcomes.

Bone cement, while steadily growing, appeals to cost-sensitive healthcare systems, especially in developing countries, due to its lower infrastructure costs. Advancements in biocompatible materials enhance bone cement's appeal for complex fractures and patients with poor bone quality, promoting stability and proper healing.

Procedure Segment:

Median sternotomy procedures lead the market, fueled by their common usage in accessing the heart and major blood vessels for surgeries like Coronary Artery Bypass Grafting (CABG) and valve replacements. Hemi sternotomy procedures show moderate growth, driven by their preference in minimally invasive cardiac surgeries, promising quicker recovery times and reduced pain.

Request A Discount On The Report @https://www.emergenresearch.com/request-discount/2850

Material Segment:

Titanium emerges as the dominant material choice, offering exceptional strength-to-weight ratio, biocompatibility, and compatibility with imaging modalities, ensuring proper bone healing and minimal interference.

In summary, the global sternal closure system market is witnessing robust growth, propelled by technological innovations, rising CVD cases, and an aging population. While challenges persist, the market is poised for further expansion, driven by a focus on patient outcomes, efficiency, and material advancements.

Sternal Closure System Top Companies and Competitive Landscape

The global sternal closure system market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective sternal closure system solutions.

• Zimmer Biomet
• GE HealthCare
• Johnson & Johnson Private Limited
• Acute Innovation SA-
• Orthofix US LLC
• KLS Martin Group
• Kinamed Incorporated
• Acumed LLC
• ABYRX, INC
• JEIL MEDICAL CORPORATION

Sternal Closure System Latest Industry News

• On 20 January 2023, Able Medical Devices announced the launch of Valkyrie Looped Sternotomy Sutures for chest closure after open heart surgery. These innovative stainless-steel sutures ditch the single wire approach and instead come with a looped design, doubling the surface area for a stronger, more robust closure. These sutures come in two sizes (48mm and 55mm) and three different needle configurations to adapt to various needs. In addition, these sutures seamlessly integrate with Able Medical's existing Valkyrie Thoracic Fixation System, offering surgeons a complete package for secure and reliable chest closure.

• On 1 December 2020, Zimmer Biomet announced the acquisition of A&E Medical Corporation. This acquisition gives access to their diverse portfolio of products, including sutures, cables, rigid fixation systems, and even temporary pacing wires and surgical punches. This move strengthens Zimmer Biomet's position in the growing sternal closure market, allowing to offer a complete suite of solutions catering to various patient needs and surgical approaches. In addition, rigid fixation expertise from A&E Medical set a new standard in sternal closure.

Request Customization Of The Report @https://www.emergenresearch.com/request-for-customization/2850

Sternal Closure System Segment Analysis

For the purpose of this report, Emergen Research has segmented global the global sternal closure system market on the basis of product, procedure, material, and region:

• Product Outlook (Revenue, USD Billion; 2019-2032)
o Closure Devices
1. Sternal Closure Wires
2. Sternal Closure Plates and screws
3. Sternal Closure Clips
4. Sternal Closure Cables
o Bone Cement
o Others

• Procedure Outlook (Revenue, USD Billion; 2019-2032)
o Median Sternotomy
o Hemi Sternotomy
o Bilateral Thoracosternotomy

• Material Outlook (Revenue, USD Billion; 2019-2032)
o Titanium
o PEEK
o Stainless Steel
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of Middle East & Africa

Find More Competitor in TOC with Profile Overview Share Growth Analysis @ https://www.emergenresearch.com/industry-report/sternal-closure-system-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

This release was published on openPR.