Sternal Closure Systems Market Expansion Continues, with Forecast Valuation of $3.12 Billion by 2029

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Sternal Closure Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for sternal closure systems has been experiencing a consistent growth over the past few years. The market, currently worth $2.34 billion in 2024, is forecasted to increase to $2.45 billion in 2025, translating to a compound annual growth rate (CAGR) of 4.6%. Factors such as an increase in cardiovascular surgeries, a higher prevalence of cardiovascular disorders, a growing consciousness of sternal complications, partnerships between surgeons and device producers, and a shift towards minimally invasive cardiac procedures have all contributed to the growth observed in the historical period.

Sternal Closure Systems Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the sternal closure systems market is set for robust growth, anticipated to hit a valuation of "$3.12 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.3%. The projected growth during the forecast period can be ascribed to the fast-paced growth in minimally invasive surgery, an intensified focus on healthcare that prioritizes patients, expansion of cardiac surgery in developing markets, efforts to reduce postoperative complications, and combined efforts in research and development. Key market trends anticipated in the forecast period encompass advancements in device material technology, progressive surgical practices, minimally invasive methodologies, sternum fixation technologies, wireless patient monitoring, and tailor-made solutions targeting individual patients.

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What Are the Drivers Transforming the Sternal Closure Systems Market?
The escalating prevalence of chronic illnesses should invigorate the expansion of the sternal closure market in the future. Chronic diseases are defined as ailments lasting a year or more, interrupting daily tasks, requiring ongoing medical attention, or both. Chronic ailments like coronary artery disease, high blood pressure, and heart failure often require surgical operations such as coronary artery bypass grafting (CABG) or valve replacement. Given that these procedures necessitate sternal incisions, the demand for efficient sternal closure becomes essential. For example, the National Institutes of Health (NIH), a biomedical research agency in the US, published a report in 2023 forecasting that the number of inhabitants in the United States over the age of 50 suffering from at least one chronic disease is anticipated to surge by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Simultaneously, the number of individuals with multimorbidity is expected to escalate by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Thus, the increasing prevalence of chronic diseases is propelling the growth of the sternal closure market.

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What Long-Term Trends Will Define the Future of the Sternal Closure Systems Market?
Leading businesses are pouring capital into enterprises functioning within the sternal closure systems market in an effort to better cater to consumers. This financial infusion could empower companies to design and introduce cutting-edge sternal closure systems, thereby enhancing their competitive stance and propelling market expansion. For instance, in February 2022, Evonik, a specialty chemicals firm based in Germany, invested in CircumFix Solutions, an American start-up that designed a novel sternal closure apparatus to expedite patient healing after open-chest surgeries. The patented orthopedic tool, manufactured from a high-end polymer from Evonik, securely fastens and retains the sternum post-surgery. This investment aligns with Evonik's plan to consolidate its footprint in the U.S. orthopedic market and endorse the transition from metal to high-end polymers in implantable medical devices. The groundbreaking sternal closure tool is projected to bolster patient recovery and safety. Furthermore, this investment signifies Evonik's dedication to progressing medical technology and enhancing patient results.

Which Segments in the Sternal Closure Systems Market Offer the Most Profit Potential?
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 Firms Dominate the Sternal Closure Systems Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in 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

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