Sternal Closure Systems Market Size, Share, Growth Analysis, By Product (Closure Devices, Bone Cement), By Procedure (Hemisternotomy, Bilateral Thoracosternotomy), By Material (Titanium, Stainless Steel), By Region - Industry Forecast 2024-2031

Global Sternal Closure Systems Market size was valued at USD 2.2 billion in 2022 and is poised to grow from USD 2.31 billion in 2023 to USD 3.47 billion by 2031, growing at a CAGR of 5.20% during the forecast period (2024-2031).

Sternal closure systems are designed to stabilize and secure fractures of the anterior chest wall. These systems play a crucial role in fixing the sternum after sternotomies and reconstructive surgeries, promoting proper fusion. The median sternotomy is a widely used technique in cardiac procedures due to its ability to provide rapid and easy access to the heart's valves and arteries. Sternal closure procedures are typically performed before or during heart surgeries to ensure the stability of the chest wall. The global market for sternal closure systems is primarily driven by the increasing prevalence of cardiovascular disorders. Unhealthy lifestyles, including poor diet, lack of exercise, and the growing number of smokers and individuals with alcohol addiction, are major contributors to the rise in heart-related conditions. This, in turn, has led to a greater demand for sternal closure systems as part of cardiac and reconstructive surgeries.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sternal Closure Systems market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Sternal Closure Systems Market Segmental Analysis

Global Sternal Closure Systems Market is segmented by Product, Procedure, Material, and region. Based on Product, the market is segmented into Closure Devices, and Bone Cement. Based on Procedure, the market is segmented into Median Sternotomy, Hemisternotomy, and Bilateral Thoracosternotomy. Based on Material, the market is segmented into Titanium, Stainless Steel, and Polyetheretherketone (PEEK). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Drivers of the Global Sternal Closure Systems Market

The global market for closure devices is expanding due to the growing elderly population, which is increasingly susceptible to chronic cardiovascular disorders. As the aging demographic faces higher risks of heart-related conditions, the demand for cardiovascular surgeries has risen, driving the need for effective closure devices. Additionally, factors such as poor diet and lack of physical activity further increase the likelihood of cardiovascular diseases among older adults. Unhealthy lifestyle habits, including excessive smoking, alcohol consumption, and poor dietary choices, are also contributing to the global surge in heart disorders. This rise in cardiovascular issues worldwide is fueling the growth of the closure devices market, as these devices are essential in various surgical procedures aimed at treating heart conditions.

Restraints in the Global Sternal Closure Systems Market

Minimally invasive and non-invasive procedures are becoming increasingly common in the treatment and management of chronic illnesses. These techniques offer patients reduced recovery times and lower risks, which has led to their growing adoption in medical practices. As a result, the demand for traditional surgical methods, including those requiring sternal closures, may see a decline. The rising preference for minimally invasive procedures, alongside an overall increase in surgeries, is expected to impact the sternal closure market negatively. As more patients and healthcare providers opt for less invasive alternatives, the need for traditional sternal closure systems may decrease, slowing the market's growth in the coming years.

Market Trends of the Global Sternal Closure Systems Market

Sternal closure using wires has become the standard practice due to its simplicity, speed, low complication rates, and cost-effectiveness. Typically, after a median sternotomy, the sternal halves are secured using interrupted or figure-of-eight wires. This method provides a reliable means of closing the sternum, making it a preferred choice in many cardiac surgeries. However, under physiological stress, most wiring techniques allow for some movement and separation of the sternal halves. In patients with normal sternums, this minor movement is generally harmless and may even promote faster bone healing by stimulating early callus formation. Only in cases where the sternotomy is mechanically compromised might this movement pose a concern.