Market Overview:

The global sternal closure systems market is expected to exhibit a CAGR of 5.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Sternal closure systems are used for closing the breastbone after surgical procedures of the heart and the thoracic cavity. These procedures fix and stabilize the anterior chest wall and promote fusion with the help of different techniques. Sternal closure systems aid in improving bone stability, promoting healing, and reducing pain. Presently, sternal cables made using braided metallic material are gaining widespread adoption in cardiac surgery. As a result, manufacturers are offering steel wires to prevent bone rupture during the closure of median sternotomies among patients undergoing elective cardiac surgery.

The growing incidences of CVDs due to sedentary lifestyles, the increasing number of smokers, and the rising percentage of individuals who have alcohol use disorder represent one of the key factors impelling the growth of the sternal closure systems market worldwide. The market growth can also be attributed to the rising number of patients undergoing open-heart surgery. Apart from this, several manufacturers are introducing self-locking techniques to reduce reoperation risk and facilitate implant application. They are also offering sternal closure systems with titanium and stainless-steel implants, which are widely being used as an alternative for conventional wire closures. Other factors, such as increasing investments in public healthcare infrastructure and the growing access to medical services, are further contributing to the market growth. Moreover, researchers are focusing on developing techniques that can reduce the risk of deep sternal wound infection. This is anticipated to propel the demand for sternal closure systems worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global sternal closure systems market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on procedure, product, material and end user.

Breakup by Procedure:

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy
• Others
   

Breakup by Product:

• Closure Devices
  • Wires
  • Plates and Screws
  • Clips and Cables
  • Others
• Bone Cement
   

Breakup by Material:

• Titanium
• Polyether Ether Ketone (PEEK)
• Stainless Steel
• Others
   

Breakup by End User:

• Hospitals and Clinics
• Research Institutes
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abyrx Inc., Acute Innovations (Acumed LLC), B. Braun Melsungen AG (B. Braun Holding GmbH & Co.KG), IDEAR S.R.L., Jace Medical LLC, Jeil Medical Corporation, Johnson & Johnson, Kinamed Incorporated, KLS Martin Group, Orthofix Holdings Inc. and Zimmer Biomet.

Report Coverage:

Key Questions Answered in This Report:

• How has the global sternal closure systems market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global sternal closure systems market?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the material?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global sternal closure systems market and who are the key players?
• What is the degree of competition in the industry?