Global Sternal Closure Systems Market Size study & Forecast, by Product, by Procedure, by Fixation Techniques, by Material, by End Users and Regional Analysis, 2023-2030

Description

List of Tables

Global Sternal Closure Systems Market is valued at approximately USD 2216.84 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.93% over the forecast period 2023-2030. Sternal closure systems are medical devices used to secure the sternum (breastbone) after open-heart surgery. These systems typically involve the use of wires, plates, or other fixation devices to bring the separated halves of the sternum together and promote proper healing and stability. Their primary purpose is to provide support, protect the surgical site, and prevent complications such as sternal dehiscence that could jeopardize the patient's recovery. The growth of the Sternal Closure Systems Market is driven by factors such as the increase in the geriatric population undergoing open-heart surgery, technological advancements in sternotomy techniques, and the rise in the number of surgical procedures. The growing elderly population opting for median sternotomy, which provides easy access to heart valves and vessels, contributes significantly to market expansion.

The growing number of open-heart operations, as well as the rising global elderly population, are important factors driving market expansion. For instance, according to an NIH report published in June 2022, more than 2 million individuals worldwide undergo open-heart surgery each year to treat various cardiac diseases. Furthermore, according to a WHO estimate issued in October 2022, the proportion of the world's population aged 60 and up and expected to rise to 1.4 billion by 2030 and 2.1 billion by 2050. Additionally, rise in the technological advancements and surge in the target patient population provide lucrative opportunities to the market. However, the increasing adoption of minimally invasive surgeries stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Sternal Closure Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the escalating number of open-heart and coronary artery bypass grafting surgeries and the expanding geriatric population, coupled with the presence of advanced healthcare infrastructure. According to the Detroit Medical Center in 2022 reveals that around 500,000 individuals undergo open-heart surgery annually in the United States. Additionally, according to data released by the New Jersey Department of Health in August 2022, there were 17,291 open-heart surgeries performed in New Jersey in 2021. Asia Pacific is expected to grow significantly over the forecast period, owing to key players who are expanding their presence geographically and prioritizing the commercialization of their products at affordable prices. Additionally, the region is experiencing an increase in healthcare expenditure and improved infrastructure facilities, which, along with growing awareness about cardiac diseases and the availability of treatments contribute to further growth in the market.

Major market player included in this report are:

Zimmer Biomet
Medical Devices Business Services, Inc.
KLS Martin Group
Acute Innovations LLC
Stryker
JACE Medical, LLC
Abyrx, Inc.
Jeil Medical Corporation
Changzhou Waston Medical Appliance Co., Ltd.
Teleflex Incorporated

Recent Developments in the Market:

In May 2022, Granulab (M) Sdn Bhd, a KPower Bhd subsidiary, unveiled Prosteomax, a synthetic bone cement certified halal. Prosteomax's halal certification was confirmed by the Malaysian Islamic Development Department, and the Malaysian Medical Device Authority registered it for use in maxillofacial, orthopaedic, and craniofacial applications.
In February 2022, Evonik Venture Capital made an investment in CircumFix Solutions, a startup based in Tennessee. CircumFix Solutions has developed an innovative sternal closure device that aids in the recovery of patients following open chest surgery.

Global Sternal Closure Systems Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Procedure, Fixation Techniques, Material, End Users, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Closure Devices
Bone Cement

By Procedure:

Median Sternotomy
Hemi sternotomy
Bilateral Thoraco sternotomy

By Fixation Techniques:

Wiring Fixation Techniques
Plate-Screw Systems
Interlocking Systems
Cementing
Vacuum Assisted Closure

By Material:

Stainless Steel
Peek
Titanium
Others

By End Users:

Hospitals
Specialized Surgical Centres

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Sternal Closure Systems Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Sternal Closure Systems Market, by Product, 2020-2030 (USD Million)
- 1.2.3. Sternal Closure Systems Market, by Procedure, 2020-2030 (USD Million)
- 1.2.4. Sternal Closure Systems Market, by Fixation Techniques, 2020-2030 (USD Million)
- 1.2.5. Sternal Closure Systems Market, by Material, 2020-2030 (USD Million)
- 1.2.6. Sternal Closure Systems Market, by End Users, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Sternal Closure Systems Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Sternal Closure Systems Market Dynamics

3.1. Sternal Closure Systems Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing number of open-heart operations
  - 3.1.1.2. Increase in the geriatric population
- 3.1.2. Market Challenges
  - 3.1.2.1. Increasing Adoption of Minimally Invasive Surgeries
  - 3.1.2.2. Side effects from Sternal Closure Systems
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in the technological advancements
  - 3.1.3.2. Surge in target patient population

Chapter 4. Global Sternal Closure Systems Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Sternal Closure Systems Market, by Product

5.1. Market Snapshot
5.2. Global Sternal Closure Systems Market by Product, Performance - Potential Analysis
5.3. Global Sternal Closure Systems Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Sternal Closure Systems Market, Sub Segment Analysis
- 5.4.1. Closure Devices
- 5.4.2. Bone Cement

Chapter 6. Global Sternal Closure Systems Market, by Procedure

6.1. Market Snapshot
6.2. Global Sternal Closure Systems Market by Procedure, Performance - Potential Analysis
6.3. Global Sternal Closure Systems Market Estimates & Forecasts by Procedure 2020-2030 (USD Million)
6.4. Sternal Closure Systems Market, Sub Segment Analysis
- 6.4.1. Median Sternotomy
- 6.4.2. Hemi sternotomy
- 6.4.3. Bilateral Thoraco sternotomy

Chapter 7. Global Sternal Closure Systems Market, by Fixation Techniques

7.1. Market Snapshot
7.2. Global Sternal Closure Systems Market by Fixation Techniques, Performance - Potential Analysis
7.3. Global Sternal Closure Systems Market Estimates & Forecasts by Fixation Techniques 2020-2030 (USD Million)
7.4. Sternal Closure Systems Market, Sub Segment Analysis
- 7.4.1. Wiring Fixation Techniques
- 7.4.2. Plate-Screw Systems
- 7.4.3. Interlocking Systems
- 7.4.4. Cementing
- 7.4.5. Vacuum Assisted Closure

Chapter 8. Global Sternal Closure Systems Market, by Material

8.1. Market Snapshot
8.2. Global Sternal Closure Systems Market by Material, Performance - Potential Analysis
8.3. Global Sternal Closure Systems Market Estimates & Forecasts by Material 2020-2030 (USD Million)
8.4. Sternal Closure Systems Market, Sub Segment Analysis
- 8.4.1. Stainless Steel
- 8.4.2. Peek
- 8.4.3. Titanium
- 8.4.4. Others

Chapter 9. Global Sternal Closure Systems Market, by End Users

9.1. Market Snapshot
9.2. Global Sternal Closure Systems Market by End Users, Performance - Potential Analysis
9.3. Global Sternal Closure Systems Market Estimates & Forecasts by End Users 2020-2030 (USD Million)
9.4. Sternal Closure Systems Market, Sub Segment Analysis
- 9.4.1. Hospitals
- 9.4.2. Specialized Surgical Centres

Chapter 10. Global Sternal Closure Systems Market, Regional Analysis

10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Sternal Closure Systems Market, Regional Market Snapshot
10.4. North America Sternal Closure Systems Market
- 10.4.1. U.S. Sternal Closure Systems Market
  - 10.4.1.1. Product breakdown estimates & forecasts, 2020-2030
  - 10.4.1.2. Procedure breakdown estimates & forecasts, 2020-2030
  - 10.4.1.3. Fixation Techniques breakdown estimates & forecasts, 2020-2030
  - 10.4.1.4. Material breakdown estimates & forecasts, 2020-2030
  - 10.4.1.5. End Users breakdown estimates & forecasts, 2020-2030
- 10.4.2. Canada Sternal Closure Systems Market
10.5. Europe Sternal Closure Systems Market Snapshot
- 10.5.1. U.K. Sternal Closure Systems Market
- 10.5.2. Germany Sternal Closure Systems Market
- 10.5.3. France Sternal Closure Systems Market
- 10.5.4. Spain Sternal Closure Systems Market
- 10.5.5. Italy Sternal Closure Systems Market
- 10.5.6. Rest of Europe Sternal Closure Systems Market
10.6. Asia-Pacific Sternal Closure Systems Market Snapshot
- 10.6.1. China Sternal Closure Systems Market
- 10.6.2. India Sternal Closure Systems Market
- 10.6.3. Japan Sternal Closure Systems Market
- 10.6.4. Australia Sternal Closure Systems Market
- 10.6.5. South Korea Sternal Closure Systems Market
- 10.6.6. Rest of Asia Pacific Sternal Closure Systems Market
10.7. Latin America Sternal Closure Systems Market Snapshot
- 10.7.1. Brazil Sternal Closure Systems Market
- 10.7.2. Mexico Sternal Closure Systems Market
10.8. Middle East & Africa Sternal Closure Systems Market
- 10.8.1. Saudi Arabia Sternal Closure Systems Market
- 10.8.2. South Africa Sternal Closure Systems Market
- 10.8.3. Rest of Middle East & Africa Sternal Closure Systems Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Company 1
- 11.1.2. Company 2
- 11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Zimmer Biomet
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Recent Developments
- 11.3.2. Medical Devices Business Services, Inc.
- 11.3.3. KLS Martin Group
- 11.3.4. Acute Innovations LLC
- 11.3.5. Stryker
- 11.3.6. JACE Medical, LLC
- 11.3.7. Abyrx, Inc.
- 11.3.8. Jeil Medical Corporation
- 11.3.9. Changzhou Waston Medical Appliance Co., Ltd.
- 11.3.10. Teleflex Incorporated
11.4. Research Process
- 11.4.1. Data Mining
- 11.4.2. Analysis
- 11.4.3. Market Estimation
- 11.4.4. Validation
- 11.4.5. Publishing
11.5. Research Attributes
11.6. Research Assumption

LIST OF TABLES

TABLE 1. Global Sternal Closure Systems Market, report scope
TABLE 2. Global Sternal Closure Systems Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Sternal Closure Systems Market estimates & forecasts by Product 2020-2030 (USD Million)
TABLE 4. Global Sternal Closure Systems Market estimates & forecasts by Procedure 2020-2030 (USD Million)
TABLE 5. Global Sternal Closure Systems Market estimates & forecasts by Fixation Techniques 2020-2030 (USD Million)
TABLE 6. Global Sternal Closure Systems Market estimates & forecasts by Material 2020-2030 (USD Million)
TABLE 7. Global Sternal Closure Systems Market estimates & forecasts by End Users 2020-2030 (USD Million)
TABLE 8. Global Sternal Closure Systems Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Sternal Closure Systems Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Sternal Closure Systems Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Sternal Closure Systems Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Sternal Closure Systems Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Sternal Closure Systems Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Sternal Closure Systems Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Sternal Closure Systems Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global Sternal Closure Systems Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. Global Sternal Closure Systems Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. U.S. Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19. U.S. Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. U.S. Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22. Canada Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. Canada Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25. UK Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. UK Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28. Germany Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. Germany Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31. France Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. France Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34. Italy Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Italy Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37. Spain Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. Spain Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40. RoE Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. RoE Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43. China Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. China Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46. India Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. India Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49. Japan Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. Japan Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52. South Korea Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. South Korea Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55. Australia Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. Australia Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58. RoAPAC Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. RoAPAC Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61. Brazil Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Brazil Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64. Mexico Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. Mexico Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67. RoLA Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. RoLA Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. Saudi Arabia Sternal Closure Systems Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 70. South Africa Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 71. RoMEA Sternal Closure Systems Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 72. List of secondary sources, used in the study of global Sternal Closure Systems Market
TABLE 73. List of primary sources, used in the study of global Sternal Closure Systems Market
TABLE 74. Years considered for the study
TABLE 75. Exchange rates considered

List of tables and figures are dummy in Product, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Sternal Closure Systems Market, research methodology
FIG 2. Global Sternal Closure Systems Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Sternal Closure Systems Market, key trends 2022
FIG 5. Global Sternal Closure Systems Market, growth prospects 2023-2030
FIG 6. Global Sternal Closure Systems Market, porters 5 force model
FIG 7. Global Sternal Closure Systems Market, pest analysis
FIG 8. Global Sternal Closure Systems Market, value chain analysis
FIG 9. Global Sternal Closure Systems Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Sternal Closure Systems Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Sternal Closure Systems Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Sternal Closure Systems Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Sternal Closure Systems Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Sternal Closure Systems Market, regional snapshot 2020 & 2030
FIG 15. North America Sternal Closure Systems Market 2020 & 2030 (USD Million)
FIG 16. Europe Sternal Closure Systems Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Sternal Closure Systems Market 2020 & 2030 (USD Million)
FIG 18. Latin America Sternal Closure Systems Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Sternal Closure Systems Market 2020 & 2030 (USD Million)