What is the global market size of Sternal Closure Systems Market?

Sternal Closure Systems Market size was valued at USD 2.39 billion in 2021 and is poised to grow from USD 2.52 billion in 2022 to USD 4.04 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Sternal Closure Systems Market?

The main market participants for sternal closure systems are concentrating on implementing mergers, partnerships, collaborations & acquisition tactics to increase their revenue. These major players are coming up with new advancements and strategies in sternal closure devices to boost their market share. In 2021, The Valkyrie Thoracic Fixation System was introduced by Able Medical Devices. Following open-heart surgery, it is the first single-use radiolucent plating device created to span the osteotomy and close the sternum. 'Zimmer Biomet ', 'Praesidia', 'DePuy Synthes', 'A&E Medical Corporation', 'Acute Innovations', 'ABYRX', 'KLS Martin Group', 'Kinamed Incorporated', 'Medline Industries Inc.', 'Stryker Corporation', 'RTI Surgical Inc.', 'Sklar Surgical Instruments', 'Johnson & Johnson', 'B. Braun Melsungen AG', 'Zimmer MedizinSysteme GmbH', 'De Soutter Medical Limited', 'Dispomedica GmbH', 'Teleflex Medical OEM', 'Grena Ltd.', 'MicroAire Surgical Instruments'.

What is the key driver of Global Sternal Closure Systems Market?

Rise in the prevalence of cardiac disease to increase the sternal closure demand globally.

What is the key market trend for Global Sternal Closure Systems Market?

Due to the simplicity, rapidity, relatively low rate of complications, and inexpensive cost of wires, sternal closure with wires is becoming the norm. The sternal halves made during the median sternotomy are typically closed with a set of interrupted or figure-of-eight wires. But, under physiologic loads, all wiring schemes permit some sternal half movement and separation. Except if the sternotomy is mechanically flawed, these minor motions do not harm the great group of patients with normal sternums and may even hasten bone repair by encouraging early callus formation.

Which region accounted for the largest share in Global Sternal Closure Systems Market?

In 2021, North America has dominated the global sternal closure systems market, due to the presence of leading companies and the high prevalence of CVDs such as cardiac arrest and valvular heart disease in the zone, North America is expected to continue to dominate the market throughout the forecast period. Due to its pro-patient legislation, large patient population, and established healthcare market, the United States has the largest share in North America.

Sternal Closure Systems Market Size, Share, Growth Analysis, By Product(Closure Devices [Wires, Plates and Screws, Cable, Clips]), By Procedure(Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), By Material(Titanium, Stainless Steel, Polyetheretherketone (PEEK)), By Region - Industry Forecast 2025-2032

Report ID: SQMIG35A2513 | Region: Global | Published Date: September, 2024
Pages: 165 | Tables: 63 | Figures: 75

Sternal Closure Systems Market Competitive Landscape

Sternal Closure Systems Market Top Players Company Profiles

Depuy Synthes (Part of Johnson & Johnson) (US)
Zimmer Biomet Holdings, Inc (US)
B. Braun SE (Germany)
KLS Martin Group (Germany)
Stryker (US)
Teleflex Incorporated (US)
Acumed LLC (US)
Idear S.R.L (Italy)
Kinamed Incorporated (US)
Able Medical Devices (US)
Praesidia (US)
Abyrx, Inc. (US)
Dispomedica (Germany)
Jeil Medical Corporation (South Korea)
Changzhou Waston Medical Appliance Co., Ltd. (China)
Neos Surgery (Spain)
Ortolog Medical (US)
Medicon EG (Egypt)
Medxpert GmbH (Germany)
Circumfix Solutions (US)
Invibio Ltd. (UK)
Arthrex, Inc. (US)
TTK Healthcare Ltd. (India)
Lotus Surgicals (India)
Peters Surgical (France)

Sternal Closure Systems Market Recent Development

In August 2024, DePuy Synthes, a company by Johnson & Johnson announced the introduction of the MatrixSTERNUM™ Fixation System, a screw and plate fixation system to help secure and stabilize the front section of chest wall after surgeries like chest surgery and open-heart procedures.
In August 2024, Stryker launched the novel Pangea Plating System that received clearance from the FDA in 2023. This system offers an exhaustive and versatile portfolio, offering variable-angle plating for different patient pools.
In September 2022, B. Braun Medical Inc. announced that it acquired the modernized Clik-FIX catheter securement device product line by Starboard Medical, Inc. the acquisition is made on the B. Barun’s history of program and product innovation to enhance patient experience and results with peripheral IV therapy.

Sternal Closure Systems Market Report Snapshots

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Sternal Closure Systems Market size was valued at USD 2.31 Billion in 2023 and is poised to grow from USD 2.43 Billion in 2024 to USD 3.65 Billion by 2032, growing at a CAGR of 5.20% during the forecast period (2025-2032).

The competitive landscape of the global sternal closure systems market presents a mix of several emerging players and prominent players aimed at offering effective sternal closure products that are less invasive and offer minimal risks. The leading market players like Stryker Corporation, Medtronic, Boston Scientific, and Zimmer Biomet are engaged in offering wider range of products, developing less invasive surgical techniques, and introducing specialized systems. The key market trends comprise technological developments to enhance efficacy and safety, strategic alliances, and emphasis on minimally invasive systems. Overall, the market has strong focus on enhancing surgical outcomes and increasing their geographic reach. 'Depuy Synthes (Part of Johnson & Johnson) (US) ', 'Zimmer Biomet Holdings, Inc (US) ', 'B. Braun SE (Germany) ', 'KLS Martin Group (Germany) ', 'Stryker (US) ', 'Teleflex Incorporated (US) ', 'Acumed LLC (US) ', 'Idear S.R.L (Italy) ', 'Kinamed Incorporated (US) ', 'Able Medical Devices (US) ', 'Praesidia (US) ', 'Abyrx, Inc. (US) ', 'Dispomedica (Germany) ', 'Jeil Medical Corporation (South Korea) ', 'Changzhou Waston Medical Appliance Co., Ltd. (China) ', 'Neos Surgery (Spain) ', 'Ortolog Medical (US) ', 'Medicon EG (Egypt) ', 'Medxpert GmbH (Germany) ', 'Circumfix Solutions (US) ', 'Invibio Ltd. (UK) ', 'Arthrex, Inc. (US) ', 'TTK Healthcare Ltd. (India) ', 'Lotus Surgicals (India) ', 'Peters Surgical (France)'

The inclination towards less painful surgical techniques has given rise to modernizations and emergence of improved sternal closure systems. These novel techniques offer short recovery times, low complications, and reduced pain, thus fueling the adoption of novel closure products that are specially designed for these techniques. Also, improvements in surgical techniques are related to enhanced patient outcomes, improving trust and demand for efficient and reliable sternal closure systems.

Growing Adoption of Advanced Materials: There is an increased emphasis on the use of modernized materials in sternal closure systems like titanium and bioresorbable polymers. Bioresorbable materials offer the benefit of removing the need for hardware and decrease infection risk. Titanium is prominent for its biocompatibility and strength and is remarkably gaining prominence for its ability to offer safe closure while reducing complication and risks.

Region-wise, North America dominated the market in the previous years and is expected to lead over the forecast period owing to increasing cases of cardiovascular diseases, presence of advanced healthcare infrastructure, and robust investment in R&D. The region holds high prevalence of heart-associated disorders, thus impacting and increasing the demand for surgeries and related products. North America brags about its developed healthcare services and facilities, superior technology, and skilled professionals. This again is boosting the market in the region. Furthermore, heavy investments in R&D are triggering the emergence of improved materials that enhance surgical results. The key players profiled in the region include Depuy Synthes, Zimmer Biomet Holdings Inc, Teleflex Incorporated, Stryker, Acumed LLC, Kinamed Incorporated, and more.

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Sternal Closure Systems Market Competitive Landscape

Sternal Closure Systems Market Report Snapshots

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What is the global market size of Sternal Closure Systems Market?

Who are the key vendors in the Sternal Closure Systems Market?

What is the key driver of Sternal Closure Systems Market?

What is the key market trend for Sternal Closure Systems Market?

Which region accounted for the largest share in Sternal Closure Systems Market?

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