Sternal Closure Systems Market Size & Share Report, 2027

According to research report the global sternal closure systems market size is projected to reach $2.9 billion by 2027, expanding at an impressive 5.1% compound annual growth rate (CAGR). Let's explore the key factors fueling this market's robust growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152164684

The Dominance of Closure Devices

The sternal closure systems market is segmented into two primary product categories: closure devices and bone cement. Among these, closure devices account for the largest share of the market. This dominant position can be attributed to the increasing number of complex cardiovascular surgeries and the growing efficiency of closure devices in facilitating sternum healing and stability.

Closure devices encompass a range of products, including wires, plates and screws, cables, and clips. These devices are designed to securely hold the sternal halves together, promoting proper bone healing and reducing the risk of complications. The increasing demand for minimally invasive surgical techniques and the ongoing development of advanced closure devices are expected to further drive the growth of this segment.

The Median Sternotomy Segment Leads the Way

In terms of procedures, the sternal closure systems market is segmented into median sternotomy, hemisternotomy, and bilateral thoracosternotomy. The median sternotomy segment currently holds the largest market share, driven by the increasing prevalence of cardiovascular diseases and the subsequent rise in open-heart surgeries.

Median sternotomy, also known as a full or complete sternotomy, is a surgical procedure in which the sternum is completely divided vertically to gain access to the heart and surrounding structures. This approach is commonly used for various cardiovascular procedures, such as coronary artery bypass grafting (CABG), valve replacements, and heart transplants. The growing need for these life-saving surgeries has fueled the demand for reliable and effective sternal closure systems.

Regional Market Dynamics

North America and Europe currently lead the global sternal closure systems market, driven by factors like well-established healthcare infrastructure, higher rates of cardiovascular disease, and early adoption of innovative medical technologies.

However, the Asia-Pacific region is projected to witness the highest growth rate for these systems during the forecast period. Rapid population growth, increasing healthcare expenditure in emerging economies like China and India, and rising awareness about advanced surgical techniques are creating immense market opportunities.

Competitive Landscape  

The sternal closure systems market features an expansive competitive landscape with several major players vying for market share. DePuy Synthes (US), Zimmer Biomet Holdings, Inc. (US), KLS Martin Group (US), B. Braun SE (Germany), and Stryker (US) are among the dominant providers.

These companies are continually investing in research and development to create next-generation sternal closure products, leveraging cutting-edge biomaterials, and optimizing designs for improved surgical outcomes. Strategic partnerships, mergers, and acquisitions are other key strategies being employed to strengthen global footprints and product portfolios.

Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=152164684

In conclusion, the surging prevalence of cardiovascular diseases, growing complexity of sternotomy procedures, and the rising adoption of minimally invasive surgical techniques are catalyzing the global demand for advanced sternal closure systems. With ongoing innovations in biomaterials, product designs, and surgical techniques, this market is poised for continued robust growth in the years ahead.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com