Sternal Closure Systems Market
Global Sternal Closure Systems Market Size, Share & Trends Analysis Report by Product (Closure Devices and Its Types (Sternal Closure Wires, Sternal Closure Plates, Screws, Sternal Closure Clips, Sternal Closure Cables), and Bone Cement), by Material (Titanium, Stainless Steel, and Polyether Ether Ketone (PEEK)), and by Procedure (Hemisternotomy, Median Sternotomy, and Bilateral Thoracosternotomy) Forecast Period (2022-2028)
The global sternal closure systems market is anticipated to grow at a significant CAGR of 5.5% during the forecast period. The increasing burden and prevalence of the cardiovascular disease across the globe are increasing the demand for sternal closure systems devices market. For instance, the data published by World Health Organization (WHO) in 2021, stated that across the globe approximately 17.9 million deaths occurred from Cardiovascular diseases (CVDs) each year.
However, the growing demand and adoption of minimally invasive surgeries concerning increasing surgical procedures are hampering the market growth.
Impact of COVID-19 Pandemic on Global Sternal Closure Systems Market
COVID-19 has created some new challenges for surgeons, hospitals, and patients many hospitals, at that time many non-emergency surgeries and elective surgeries were postponed and stopped, such as robotic-assisted procedures, endoscopies, laparoscopies as well as minimally invasive diagnostic procedures, and patients were delaying their not necessary surgeries due to the fear of getting affected by COVID-19. Furthermore, in the year 2019-2020, procedures of cardiac surgery declined high. Meanwhile, in 4Q the demand and procedures of all the surgeries have anticipated driving the demand for minimally sternal closure systems market coupled with the stopped and postponed surgeries again coming in force.
Segmental Outlook
The sternal closure systems are segmented on the basis of product, materials, and, procedure. Based on product, the market is segmented into gels closure devices and their types (sternal closure wires, sternal closure plates, and screws, sternal closure clips, sternal closure cables), and bone cement. On the basis of material, the market is sub-divided titanium, stainless steel, and polyether ether ketone (PEEK). Furthermore, based on procedures, the market is sub-classified into hemisternotomy, median sternotomy, and bilateral thoracosternotomy. Among the material segments, titanium is dominating in the market due to it is ability to effectively join human bones and also offer various benefits that include corrosion-resistant, non-ferromagnetic property, the biocompatibility of titanium, and others. Moreover, for those patients who have gone through titanium implants', thus non-ferromagnetic property allows those patients to examine safely under Magnetic resonance imaging (MRI) scan are such factors that are driving the market growth.
Global Sternal Closure Systems Market Share by Dosage Form, 2021 (%)
The Closure Devices Segment is Dominating the Global Sternal Closure Systems Market
Among the product segment, closure devices segments are dominated in the market in emerging as well as emerging countries across the globe, per capita expenditure is increasing and the new product launches and approvals of products are increasing. Moreover, the benefits associated with this device such as a decrease in postoperative complications and infections with fast speed in comparison with bone cement. Additionally, the plates used in this device system are used before the surgery and they work as implant positioners also various key players are heavily investing in developing and manufacturing these devices and getting into collaboration, partnership, and acquisition to remain competitive, this is such factors that are contributing in the growth of sternal closure systems market.
Regional Outlooks
The global sternal closure systems market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America is estimated to be the dominating region in the global sternal closure systems market owing to the well-established healthcare infrastructure in the region.
Global Sternal Closure Systems Market Growth, by Region 2022-2028
The Asia Pacific Region is Fastest Growing in the Global Sternal Closure Systems market
The Asia Pacific is attributed to witnessing the fastest growth in the market owing to factors such as growing healthcare infrastructure and investments. Moreover, the presence of a large patient pool in the region and the large number of patients suffering from cardiovascular disease increased its prevalence in the Asia Pacific region. Additionally, technological improvements in sternotomy techniques and getting approval by government authorities. Furthermore, the presence of key market players and the various companies expanding their businesses in the region are also expected to contribute to the region's fastest growth.
Market Players Outlook
The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Acumed LLC, Arthrex, Inc., B. Braun Melsungen AG, Johnson and Johnson Services Inc., Kinamed Inc., KLS Martin Group, Stryker Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2020, Zimmer Biomet acquired A&E Medical which manufactures sternal closure devices under the agreement of $250m. The acquisition is done for the A&E Medical’s complete portfolio of sternal closure devices, including sternal sutures, cable systems, and rigid fixation and among others. Thi new product portfolio added offered a comprehensive suite of sternal closure products, such as rigid fixation that shifts the potential to shift the standard of care and address a variety of unmet patient and surgical needs.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sternal closure systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Sternal Closure Systems Market
• Recovery Scenario of Global Sternal Closure Systems Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Acumed LLC
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Arthrex, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. B. Braun Melsungen AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Kinamed Inc
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. KLS Martin Group
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Sternal Closure Systems Market by Product
4.1.1. Closure Devices
4.1.1.1. Sternal Closure Wires
4.1.1.2. Sternal Closure Plates and Screws
4.1.1.3. Sternal Closure Clips
4.1.1.4. Sternal Closure Cables
4.1.2. Bone Cement
4.2. Global Sternal Closure Systems Market by Material
4.2.1. Titanium
4.2.2. Stainless Steel
4.2.3. Polyether Ether Ketone (PEEK)
4.3. Global Sternal Closure Systems Market by Procedure
4.3.1. Median Sternotomy
4.3.2. Hemisternotomy
4.3.3. Bilateral Thoracosternotomy
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Able Medical Devices Inc.
6.2. Aenova Holding GmbH
6.3. Allumer Medical Pvt. Ltd.
6.4. CARDIOLINK S.L.
6.5. CIRCUMFIX SOLUTIONS
6.6. IDEAR S.R.L
6.7. Johnson and Johnson Services Inc.
6.8. MedXpert GmbH
6.9. MeKo Laser Material Processing
6.10. ORTOLOG MED?CAL
6.11. Pacific Research Laboratories
6.12. PRAESIDIA SRL
6.13. Stryker Corp.
6.14. TERUMO MEDICAL CORP
6.15. Zimmer Biomet Holdings
1. GLOBAL STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL CLOSURE DEVICES STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CLOSURE DEVICES STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
4. GLOBAL BONE CEMENT STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
6. GLOBAL TITANIUM STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL STAINLESS STEEL STERNAL CLOSURE SYSTEMS IN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL POLYETHER ETHER KETONE (PEEK) STERNAL CLOSURE SYSTEMS IN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PROCEDURE, 2021-2028 ($ MILLION)
10. GLOBAL STERNAL CLOSURE SYSTEMS FOR HEMISTERNOTOMY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL STERNAL CLOSURE SYSTEMS FOR MEDIAN STERNOTOMY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL STERNAL CLOSURE SYSTEMS FOR BILATERAL THORACOSTERNOTOMY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
15. NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
16. NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PROCEDURE, 2021-2028 ($ MILLION)
17. EUROPEAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. EUROPEAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
20. EUROPEAN STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PROCEDURE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PROCEDURE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
27. REST OF THE WORLD STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
28. REST OF THE WORLD STERNAL CLOSURE SYSTEMS MARKET RESEARCH AND ANALYSIS BY PROCEDURE,2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL STERNAL CLOSURE SYSTEMS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL STERNAL CLOSURE SYSTEMS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL STERNAL CLOSURE SYSTEMS MARKET , 2021-2028 (%)
4. GLOBAL STERNAL CLOSURE SYSTEMS MARKET SHARE BY PRODUCT, 2021 VS 2028 (%)
5. GLOBAL STERNAL CLOSURE DEVICES SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL STERNAL CLOSURE DEVICES SYSTEMS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
7. GLOBAL BONE CEMENT STERNAL CLOSURE SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL STERNAL CLOSURE SYSTEMS SHARE BY MATERIAL, 2021 VS 2028 (%)
9. GLOBAL TITANIUM STERNAL CLOSURE SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL STAINLESS STEEL STERNAL CLOSURE SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL POLYETHER ETHER KETONE (PEEK) STERNAL CLOSURE SYSTEMS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL STERNAL CLOSURE SYSTEMS MARKET SHARE BY PROCEDURE, 2021 VS 2028 (%)
13. GLOBAL STERNAL CLOSURE SYSTEMS FOR HEMISTERNOTOMY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL STERNAL CLOSURE SYSTEMS FOR MEDIAN STERNOTOMY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL STERNAL CLOSURE SYSTEMS FOR BILATERAL THORACOSTERNOTOMY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. US STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
17. CANADA STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
18. UK STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
19. FRANCE STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
20. GERMANY STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
21. ITALY STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
22. SPAIN STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF EUROPE STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
24. INDIA STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
25. CHINA STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
26. JAPAN STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
27. SOUTH KOREA STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD STERNAL CLOSURE SYSTEMS MARKET SIZE, 2021-2028 ($ MILLION)
