Global Sternal Closure Systems Market

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

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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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Global Sternal Closure Systems Market

Report ID: SQMIG35A2513

$5,300
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