Global Sternal Closure Systems Market Projected to Surpass $3.12 Billion by 2029 with 6% Annual Growth

What combination of drivers is leading to accelerated growth in the sternal closure systems market?
The sternal closure market is projected to expand due to the escalating prevalence of chronic illnesses. These are health conditions that persist for a minimum of one year, disrupt daily activities, require ongoing medical attention, or all of these. Surgical procedures such as coronary artery bypass grafting (CABG) or valve replacement are often required for chronic ailments like coronary artery disease, hypertension, and heart failure. Because these surgeries require sternal cuts, effective sternal closure becomes critically important. For example, data from the National Institutes of Health (NIH), a US-based biomedical research institution, forecasted in 2023 that the population of people 50 years and older with at least one chronic disease in the US is estimated to increase by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Moreover, the amount of people suffering from multiple diseases is predicted to rise by 91.16%, from 7.8304 million in 2020 to 14.968 million in 2050. Thus, the upsurge in chronic diseases is propelling growth in the sternal closure market.

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What is the projected compound annual growth rate (CAGR) of the sternal closure systems market from 2025 to 2034, and what factors influence it?
The market size for sternal closure systems has seen consistent growth in the past few years. The expected increase is from $2.34 billion in 2024, to around $2.45 billion in 2025 with a compound annual growth rate (CAGR) of 4.6%. The growth witnessed in the past can be attributed to factors such as an increase in cardiovascular procedures, a higher prevalence of heart diseases, a growing awareness surrounding sternal complications, cooperation between surgeons and device creators, as well as a focus on less invasive cardiac procedures.

The market for sternal closure systems is anticipated to experience robust growth in the coming years, expanding to a size of "$3.12 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This anticipated growth can be ascribed to the rapid increase in minimally invasive surgeries, a heightened emphasis on patient-centric healthcare, the growth of cardiac surgery in developing markets, efforts to reduce postoperative complications, and partnerships in research and development. The forecast period is expected to witness significant trends including technological innovation in device materials, advancements in surgical methods, minimally invasive techniques, sternum fixation technologies, wireless remote monitoring, and patient-specific customization solutions.

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How are the latest trends influencing the growth of the sternal closure systems market?
In an effort to enhance customer service, leading corporations are financing businesses in the sternal closure systems market. This funding could empower these businesses to create and introduce cutting-edge sternal closure systems, bolstering their competitive stance and propelling market development. For instance, CircumFix Solutions, a US-based startup that created a new sternal closure apparatus for better patient postoperative recovery, received investment from Evonik, a specialty chemicals company based in Germany, in February 2022. Crafted from a superior polymer provided by Evonik, the patented orthopedic tool securely fastens and maintains the sternum post-surgery. This investment mirrors Evonik's plan to boost its footprint in the U.S. orthopedic market and encourage the switch from metal to top-notch polymers in implantable medicinal devices. This innovative sternal closure apparatus is predicted to bolster patient recuperation and safety, underscoring Evonik's dedication to medical technology progress and patient outcome improvement.

What are the major segments of the sternal closure systems market and their role in driving growth?
The sternal closure systems market covered in this report is segmented -

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

Subsegments:
1) By Closure Devices: Sternal Wires, Plates, Clips, Other Closure Devices
2) By Bone Cement: Methacrylate-Based Bone Cement, Non-methacrylate-Based Bone Cement

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Which regions are key players in the growth of the sternal closure systems market?
North America was the largest region in the sternal closure system market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global sternal closure system market report during the forecast period. The regions covered in the sternal closure systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the sternal closure systems market?
Major companies operating in the sternal closure systems market include 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

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What Is Covered In The Sternal Closure Systems Global Market Report?

• Market Size Forecast: Examine the sternal closure systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the sternal closure systems market for a structured understanding.
• Key Players Overview: Analyze major players in the sternal closure systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sternal closure systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the sternal closure systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sternal closure systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the sternal closure systems market.
• Competitive Landscape: Review strategic developments in the sternal closure systems market, including expansions, agreements, and new product launches.

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