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Sternal Closure Systems Global Market Report 2025: Envisioning a Robust CAGR of 4.6% and 6.3% in the Historic and Forecast Period Fueled by Rising Cardiovascular Surgeries and Technological Innovations
Rapid growth in minimally invasive cardiac procedures, increasing collaboration between surgeons and device manufacturers, and escalating prevalence of cardiovascular diseases are driving the expansion of the global sternal closure systems market.What Is The Projected Market Size Of The Global Sternal Closure Systems Global Market Report 2025 And Its Growth Rate?
The global sternal closure systems market has witnessed a steady rise and is poised for robust growth:
• From $2.34 billion in 2024, the market size is projected to grow to $2.45 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 4.6%.
• The market is expected to further register strong growth in the forecast period, scaling up to reach $3.12 billion by 2029 with a CAGR of 6.3%.
What Is Driving The Growth In The Sternal Closure Systems Global Market Report 2025?
The surge in chronic diseases is a significant factor propelling the sternal closure market forward. Conditions like coronary artery disease, hypertension, and heart failure often necessitate surgical interventions such as coronary artery bypass grafting (CABG) or valve replacement. As these surgeries involve sternal incisions, the need for effective sternal closure is critical. According to the US-based biomedical research agency, National Institutes of Health (NIH), the number of people aged 50 and older with at least one chronic illness in the United States is estimated to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Additionally, the number of people with multimorbidity would rise by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Thus, the escalating incidence of chronic conditions fuels market growth.
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Who Are the Key Players Driving Sternal Closure Systems Global Market Report 2025 Growth?
• Zimmer Biomet
• Johnson & Johnson
• B. Braun Melsungen AG
• Depuy Synthes
• KLS Martin Group
• Medtronic PLC
• A&E Medical Corporation
• Stryker Corporation
• Kinamed Incorporated
• Acumed LLC
• Peters Surgical
• Orthofix Medical Inc.
• Praesidia SRL
• Waston Medical
• ABYRX Inc.
• Jeil Medical Corporation
• Jace Medical
• Changzhou Waston Medical Appliance Co. Ltd.
• GPC Medical
• Ulrich GmbH & Co. KG
• Biomet Microfixation
• Idear SRL
• Dispomedica GmbH
• Scanlan International Inc.
• ELLA-CS, s.r.o.
• Praesidia SRL
• Teleflex Incorporated
• Invibio Biomaterial Solutions
• Eagle BioMedical Inc.
• Z-Medical GmbH & Co. KG
What Are The Key Trends In The Sternal Closure Systems Global Market Report 2025?
Key trends for the forecast period include:
• Technological innovations in device materials.
• Advances in surgical techniques.
• Minimally invasive approaches.
• Sternum fixation technologies.
• Wireless remote monitoring.
• Customization and patient-specific solutions.
What Are The Segments Of The Global Sternal Closure Systems Global Market Report 2025?
1) By Product: Closure Devices, Bone Cement
2) By Procedure: Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, Other Procedures
3) By Material: Titanium, Polyether Ether ket*one (PEEK), Stainless Steel, Other Materials
4) By End User: Hospitals and Clinics, Research Institutes, Other End Users
Which Region Leads The Sternal Closure Systems Global Market Report 2025?
North America dominated the sternal closure system market in 2024. However, the Asia-Pacific region is slated to register the most rapid growth in the global sternal closure system market report during the forecast period. The report covers a broad market landscape including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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The Sternal Closure Systems Global Market Report 2025 Global Market Report covers an in-depth analysis including Market Size, Segmentation Analysis, Key Player Focus, Growth Trends Analysis, Market Contribution, Growth Drivers, Industry Challenges and Competitive Developments.
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