Global Sternal Closure Systems Market Size, Trend, Overview 2022-2032
According to a research report published by Spherical Insights & Consulting the Global Sternal Closure Systems Market Size is to Grow from USD 2.8 Billion in 2022 to USD 4.5 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.86% during forecast period.
Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the “Global Sternal Closure Systems Market, By Product (Closure Devices and Bone Cement), By Procedure (Median Sternotomy, Hemi sternotomy, Bilateral Thoracosternotomy, & Others), By Material (Titanium, Polyether Ether Ketone (PEEK), Stainless Steel, & Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022– 2032.”
🏥 **Innovations in Sternal Closure Systems: Pioneering Chest Wall Stabilization**
Discover the forefront of medical advancements with sternal closure systems, crucial for stabilizing fractures of the anterior chest wall. These systems play a pivotal role in sternotomy procedures, providing essential support for sternal fixation and fusion.
🛠️ **Orthopaedic Ingenuity: Sternal Closure Devices in Focus**
Orthopaedic devices, specifically sternal closure devices, are instrumental in securing and stabilizing the sternum post-surgery. As a key component in sternotomy procedures, these devices ensure a stable closure following access to vital organs behind the breastbone. While commonly associated with cardiac surgery, sternotomy procedures are versatile, addressing not only cardiovascular diseases but also injuries resulting from accidents.
🌍 **Global Impact: Meeting the Surge in Surgical Demand**
The escalating prevalence of cardiovascular diseases globally has led to a surge in open-heart surgeries, creating a substantial demand for sternal closure devices. Notably, the aging population is a significant driver, with an increasing number of senior patients undergoing open-heart surgery, particularly through median sternotomies.
📈 **Market Trends: Addressing Challenges and Embracing Technology**
Despite the increasing adoption of specialized surgical devices, challenges such as sternal dehiscence and wound infections persist post-sternal closure operations. Surgeons worldwide are actively seeking cutting-edge technology solutions to enhance post-surgical outcomes, particularly in critical procedures like cardiac bypass surgery, acute traumatic heart surgeries, and cardiac valve replacement surgery.
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Major listed companies:
- Zimmer Biomet
- Johnson & Johnson
- B. Braun Melsungen AG
- Orthofix Holdings, Inc.
- GE Healthcare
- KLS Martin Group
- A&E Medical Corporation
- Jace Medical, LLC
- Acute Innovations
- Abyrx, Inc.
- Kinamed Incorporated
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Recent Development
- In February 2022, the startup CircumFix Solutions, based in Tennessee, created a sternal closure device to enhance patient recovery following open chest surgery. Evonik Venture Capital recently announced its investment in the company. Evonik’s implant-grade polyetheretherketone (PEEK) was employed in the device to achieve improved results.
- In June 2021, The Valkyrie Thoracic Fixation System was introduced by Able Medical Devices. After open heart surgery, it is the first single-use radiolucent plating device created to span the osteotomy and close the sternum.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the Global Sternal Closure Systems Market based on the below-mentioned segments:
Global Sternal Closure Systems Market, By Product
- Closure Devices
- Bone Cement
Global Sternal Closure Systems Market, By Procedure
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
- Others
Global Sternal Closure Systems Market, By Material
- Titanium
- Polyether Ether Ketone (PEEK)
- Stainless Steel
- Others
Sternal Closure Systems Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
- Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global commercial aircraft disassembly, dismantling and recycling along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
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The Global Sternal Closure Systems Market size research report aims to answer the
Following Key Questions:
- What are the main products/services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
III. What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Sternal Closure Systems Market?
VII. How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
VIII. What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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