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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Procedure, Product, Material, End User, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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 |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sternal Closure Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Procedure
6.1 Median Sternotomy
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hemisternotomy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Bilateral Thoracosternotomy
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Product
7.1 Closure Devices
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Wires
7.1.2.2 Plates and Screws
7.1.2.3 Clips and Cables
7.1.2.4 Others
7.1.3 Market Forecast
7.2 Bone Cement
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Material
8.1 Titanium
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Polyether Ether Ketone (PEEK)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Stainless Steel
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User
9.1 Hospitals and Clinics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Research Institutes
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Abyrx Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Acute Innovations (Acumed LLC)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 B. Braun Melsungen AG (B. Braun Holding GmbH & Co.KG)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 IDEAR S.R.L.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Jace Medical LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Jeil Medical Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Johnson & Johnson
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Kinamed Incorporated
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 KLS Martin Group
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Orthofix Holdings Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Zimmer Biomet
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Sternal Closure Systems Market: Major Drivers and Challenges
Figure 2: Global: Sternal Closure Systems Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Sternal Closure Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Sternal Closure Systems Market: Breakup by Procedure (in %), 2021
Figure 5: Global: Sternal Closure Systems Market: Breakup by Product (in %), 2021
Figure 6: Global: Sternal Closure Systems Market: Breakup by Material (in %), 2021
Figure 7: Global: Sternal Closure Systems Market: Breakup by End User (in %), 2021
Figure 8: Global: Sternal Closure Systems Market: Breakup by Region (in %), 2021
Figure 9: Global: Sternal Closure Systems (Median Sternotomy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Sternal Closure Systems (Median Sternotomy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Sternal Closure Systems (Hemisternotomy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Sternal Closure Systems (Hemisternotomy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Sternal Closure Systems (Bilateral Thoracosternotomy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Sternal Closure Systems (Bilateral Thoracosternotomy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Sternal Closure Systems (Other Procedures) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Sternal Closure Systems (Other Procedures) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Sternal Closure Systems (Closure Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Sternal Closure Systems (Closure Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Sternal Closure Systems (Bone Cement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Sternal Closure Systems (Bone Cement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Sternal Closure Systems (Titanium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Sternal Closure Systems (Titanium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Sternal Closure Systems (Polyether Ether Ketone -PEEK) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Sternal Closure Systems (Polyether Ether Ketone -PEEK) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Sternal Closure Systems (Stainless Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Sternal Closure Systems (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Sternal Closure Systems (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Sternal Closure Systems (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Sternal Closure Systems (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Sternal Closure Systems (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Sternal Closure Systems (Research Institutes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Sternal Closure Systems (Research Institutes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Sternal Closure Systems (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Sternal Closure Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Sternal Closure Systems Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Sternal Closure Systems Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Sternal Closure Systems Industry: SWOT Analysis
Figure 85: Global: Sternal Closure Systems Industry: Value Chain Analysis
Figure 86: Global: Sternal Closure Systems Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Sternal Closure Systems Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Sternal Closure Systems Market Forecast: Breakup by Procedure (in Million US$), 2022-2027
Table 3: Global: Sternal Closure Systems Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Sternal Closure Systems Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 5: Global: Sternal Closure Systems Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Sternal Closure Systems Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Sternal Closure Systems Market: Competitive Structure
Table 8: Global: Sternal Closure Systems Market: Key Players