Market Overview:

The global sternal closure systems market grew at a CAGR of around 5% during 2015-2020. 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. Looking forward, IMARC Group expects the global sternal closure systems market to exhibit moderate growth during the next five years.

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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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.

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$), 2015-2020
Figure 3: Global: Sternal Closure Systems Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Sternal Closure Systems Market: Breakup by Procedure (in %), 2020
Figure 5: Global: Sternal Closure Systems Market: Breakup by Product (in %), 2020
Figure 6: Global: Sternal Closure Systems Market: Breakup by Material (in %), 2020
Figure 7: Global: Sternal Closure Systems Market: Breakup by End User (in %), 2020
Figure 8: Global: Sternal Closure Systems Market: Breakup by Region (in %), 2020
Figure 9: Global: Sternal Closure Systems (Median Sternotomy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Sternal Closure Systems (Median Sternotomy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Sternal Closure Systems (Hemisternotomy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Sternal Closure Systems (Hemisternotomy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Sternal Closure Systems (Bilateral Thoracosternotomy) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Sternal Closure Systems (Bilateral Thoracosternotomy) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Sternal Closure Systems (Other Procedures) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Sternal Closure Systems (Other Procedures) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Sternal Closure Systems (Closure Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Sternal Closure Systems (Closure Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Sternal Closure Systems (Bone Cement) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Sternal Closure Systems (Bone Cement) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Sternal Closure Systems (Titanium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Sternal Closure Systems (Titanium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Sternal Closure Systems (Polyether Ether Ketone (PEEK)) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Sternal Closure Systems (Polyether Ether Ketone (PEEK)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Sternal Closure Systems (Stainless Steel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Sternal Closure Systems (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Sternal Closure Systems (Other Materials) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Sternal Closure Systems (Other Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Sternal Closure Systems (Hospitals and Clinics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Sternal Closure Systems (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Sternal Closure Systems (Research Institutes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Sternal Closure Systems (Research Institutes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Sternal Closure Systems (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Sternal Closure Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: North America: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: North America: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: United States: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: United States: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Canada: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Canada: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Asia-Pacific: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Asia-Pacific: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: China: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: China: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Japan: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Japan: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: India: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: India: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: South Korea: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: South Korea: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Australia: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Australia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Indonesia: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Indonesia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Europe: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Europe: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Germany: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Germany: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: France: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: France: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: United Kingdom: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: United Kingdom: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Italy: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Italy: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Spain: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Spain: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Russia: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Russia: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Latin America: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Latin America: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Brazil: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Brazil: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Mexico: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Mexico: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Others: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Middle East and Africa: Sternal Closure Systems Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Middle East and Africa: Sternal Closure Systems Market: Breakup by Country (in %), 2020
Figure 83: Middle East and Africa: Sternal Closure Systems Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Sternal Closure Systems Market Forecast: Breakup by Procedure (in Million US$), 2021-2026
Table 3: Global: Sternal Closure Systems Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Sternal Closure Systems Market Forecast: Breakup by Material (in Million US$), 2021-2026
Table 5: Global: Sternal Closure Systems Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: Global: Sternal Closure Systems Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Sternal Closure Systems Market: Competitive Structure
Table 8: Global: Sternal Closure Systems Market: Key Players