Press release
Pectus Bar System Market Size Worth US$ 147.47 Million by 2034 at CAGR of 8.3%: Fact.MR Report
Pectus Bar System Market
A less invasive technique for fixing chest wall deformities, the nuss procedure is becoming increasingly popular due to its faster recovery times, minimal scarring, and higher success rates. Broader use is stimulated by innovations in pectus bar materials and design, further enhancing outcomes and longevity of these procedures.
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Growth Drivers
Drives Health Awareness and Broad Treatment Options
The increasing number of patients, the increased adoption of minimally invasive pectus excavatum repair, and the increased rate of pectus excavatum and other abnormalities of the sternum are all likely to make significant contributions towards the phenomenal growth of the global pectus bar system market in the near future. The increased demand due to the efficiency of the Nuss procedure also acts as an important driving factor for the expansion of the market during the forecasting period.
Improved Medical Research Providing Support for Development in the Market
Medical research has been critical in facilitating growth in this system through the presentation of evidence-based data regarding the safety, efficacy, and long-term results of the procedure.
Research studies have assisted in the identification of the best patient selection criteria for the system, best surgical methods, post-operative care, and rehabilitation protocols. This has resulted in better patient outcomes and an increased success rate of the procedure.
Key Players
Examples of some of the key players in the worldwide market are Reid Healthcare, IDEAR S.R.L., Inc., Biotech GmbH., Zimmer Biomet, and Others. Product launch, acquisitions, mergers, strategic partnerships, and technology are crucial in driving the growth of the worldwide market.
Regional Outlook
North America is anticipated to dominate the global market as a result of new product developments, and producers are focusing on developed markets because of the high rate of adoption of minimally invasive surgery in this market, and increasing product awareness as a result of medical conferences.
Europe is anticipated to be the second dominant market for the pectus bar system market because of its emphasis on aesthetic look and extensive research centers. The Asia Pacific market also anticipated to increase at a faster growth rate because of increased awareness about the pectus excavatum treatment, particularly the Nuss procedure and government efforts for enhancing the quality of patient care and good work culture for caregivers working in hospitals.
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Segment wise Insights
In terms of the product type, the implant is likely to be the leading segment in the market given the increasing adoption and entry of new product candidates.
Steel and Titanium are Commonly Used Materials in Pectus Bar System Development
Steel is durable and strong enough to resist the chest wall forces, and so it is the perfect material to be used for the pectus bar system. Stainless steel bars are preadjusted during the procedure to achieve a desired shape for the chest wall.
Segmentation of Pectus Bar System Market Research
By Product Type :
Instruments
Pectus Bender
Pectus Flipper
Pectus Introducer
Others
Implants
Others
By Material Type :
Titanium
Nickel
Stainless Steel
By End User :
Hospitals
Ambulatory Surgical Centers
Specialty Clinics
By Region :
North America
Western Europe
Eastern Europe
Latin America
East Asia
South Asia & Pacific
Middle East & Africa
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Pectus bar system is widely used in pectus excavatum minimally invasive procedures, where approximately more than 1 in 1,000 people are affected by most common thoracic deformity. This deformity is described by a symmetric or asymmetric sternal concavity. While most of the medical procedures are performed for corrective purposes and to enhance the social existence of patients, in later evaluations, pathology presents dangers of cardiopulmonary illness.
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