The latest report published by IMARC Group, titled “Sternal Closure Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global sternal closure systems market is expected to exhibit a growth rate (CAGR) of 5.2% during 2023-2028. Sternal closure systems refer to orthopedic devices that are used to stabilize and repair fractures of the anterior chest wall post-surgical procedures. These systems are further designed to support and close the sternum following sternotomies and sternal reconstruction procedures to promote fusion.
Sternal closure systems include plates, wires, screws, and cables as standard devices that are manufactured from titanium and stainless steel materials, which ensure sternal immobility and prevent the risk of infections in bones.
Apart from this, sternal closure systems help to enhance bone stability, promote healing, decrease postoperative complications, lessen the occurrence of deep sternal wound dehiscence in patients and reduce discomfort or pain while ensuring faster recovery. Based on these properties, sternal closure systems are utilized in median sternotomy, thoracosternotomy, and hemisternotomy procedures.
The rising frequency of cardiovascular diseases (CVDs), especially amongst the geriatric population, has facilitated the number of open-heart surgeries, which is primarily driving the market toward growth.
Moreover, the extensive utilization of median sternotomy procedures by medical practitioners has further contributed to the widespread adoption of sternal closure systems in the healthcare sector, which, in turn, is acting as another growth-inducing factor.
Additionally, the advent of self-locking techniques to reduce reoperation risk and facilitate implant application and the escalating usage of biocompatible polymers, including tritium, nitonal, and polyetheretherketone (PEEK) for composing sternal closure systems are propelling the market growth. Furthermore, growing investments in public healthcare infrastructure and the development of minimal invasive median sternotomy procedures are favoring the market growth.
Other factors, such as favorable medical reimbursement policies, and significant research and development (R&D) efforts to engineer advanced sternal closure systems with steel wires to reduce the risk of bone rupture and deep sternal wound infection, are creating a positive outlook for the market.
The competitive landscape of the sternal closure systems market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Abyrx Inc.
- Acute Innovations (Acumed LLC)
- B. Braun Melsungen AG (B. Braun Holding GmbH & Co.KG)
- IDEAR S.R.L.
- Jace Medical LLC
- Jeil Medical Corporation
- Johnson & Johnson
- Kinamed Incorporated
- KLS Martin Group
- Orthofix Holdings Inc.
- Zimmer Biomet
Key Market Segmentation:
The report has segmented the global sternal closure systems market based on procedure, product, material, end user and region.
Breakup by Procedure:
- Median Sternotomy
- Bilateral Thoracosternotomy
Breakup by Product:
- Closure Devices
- Plates and Screws
- Clips and Cables
- Bone Cement
Breakup by Material:
- Polyether Ether Ketone (PEEK)
- Stainless Steel
Breakup by End User:
- Hospitals and Clinics
- Research Institutes
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/sternal-closure-systems-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Company Name: IMARC Group
Contact Person: Elena Anderson
Address: 134 N 4th St
Country: United States