Global Sternal Closure Systems Market Report and Forecast 2023-2031

Global Sternal Closure Systems Market Report and Forecast 2023-2031

Global Sternal Closure Systems Market Outlook:

The global sternal closure systems market value was USD 2.34 billion in 2022, driven by the increasing prevalence of cardiovascular diseases and the growing number of cardiac surgeries across the globe. The market size is anticipated to grow at a CAGR of 5.5% during the forecast period of 2023-2031 to achieve a value of USD 3.79 billion by 2031.

Sternal Closure Systems: Introduction

Sternal closure systems are medical devices used in cardiothoracic surgeries to secure the sternum (breastbone) after open-heart procedures such as coronary artery bypass grafting (CABG) or heart valve surgery. The primary goal of these systems is to provide stability and support to the sternum, facilitating proper healing and minimizing the risk of complications.

The sternum plays a crucial role in protecting the heart and other vital organs, and maintaining its stability is essential for successful recovery after cardiac surgery. Sternal closure systems typically consist of implants, such as wires, plates, or sutures, that are used to secure the sternum in its proper position.

The market for sternal closure systems is driven by the increasing prevalence of cardiovascular diseases and the growing number of cardiac surgeries worldwide. As the global population ages and the incidence of heart-related conditions rises, the demand for effective sternal closure solutions continues to grow.

Key Trends in the Sternal Closure Systems Market

Some key trends involved in the sternal closure systems market are as follows:

Minimally Invasive Approaches: There is a growing trend towards minimally invasive cardiac surgeries, which require smaller incisions. This has led to the development of sternal closure systems specifically designed for these procedures, such as sternum plates with reduced profile and specialized fixation techniques.
Advanced Materials: Manufacturers are exploring the use of advanced materials for sternal closure implants, aiming to improve strength, flexibility, and biocompatibility. Titanium and its alloys, as well as bioabsorbable materials, are being increasingly utilized to enhance patient comfort and reduce the risk of complications.
Customized Solutions: With a better understanding of patient anatomy and surgical requirements, there is a demand for customized sternal closure solutions. Personalized implants and instruments designed based on preoperative imaging data and 3D printing technology are gaining popularity, allowing for a more precise and tailored approach.

Sternal Closure Systems Market Segmentations

Market Breakup by Product Type

Closure Devices
Sternal Closure Wires
Sternal Closure Plates and Screws
Sternal Closure Clips
Sternal Closure Cables
Bone Cement
Market Breakup by Procedure Type

Median Sternotomy
Hemisternotomy
Bilateral Thoracosternotomy
Other
Market Breakup by Fixation Techniques

Wiring Fixation Techniques
Plate-Screw Systems
Interlocking Systems
Cementing Vacuum Assisted Closure
Market Breakup by Material

Stainless Steel
Polyether Ether Ketone (PEEK)
Titanium
Others
Market Breakup by End User

Hospitals
Specialized Surgery Centres
Others
Market Breakup by Region

North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Italy
Others
Asia Pacific
China
Japan
India
ASEAN
Australia
Others
Latin America
Brazil
Argentina
Mexico
Others
Middle East and Africa
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Others

Sternal Closure Systems Market Scenario

The sternal closure systems market plays a critical role in ensuring successful and safe cardiac surgeries. These systems are designed to provide stability and secure closure of the sternum after open-heart procedures, such as coronary artery bypass grafting (CABG) or valve replacement surgeries. The market for sternal closure systems is driven by the increasing prevalence of cardiovascular diseases and the growing number of cardiac surgeries globally.

The demand for sternal closure systems is fueled by factors such as the rising geriatric population, the increasing incidence of obesity, and the advancements in surgical techniques. Additionally, the growing awareness among surgeons about the importance of proper sternal closure to prevent complications like sternal dehiscence and infection has contributed to the market growth.

The market is characterized by the presence of various market players offering a wide range of sternal closure systems, including sternum plates, wires, and other fixation devices. These systems are often designed to provide strong and stable closure while minimizing tissue trauma and optimizing patient comfort.

Geographically, the market for sternal closure systems is driven by the high demand in regions with a significant burden of cardiovascular diseases, such as North America, Europe, and Asia Pacific. Emerging markets in Latin America, the Middle East, and Africa are also witnessing growth due to improving healthcare infrastructure and increasing access to advanced cardiac care.

Sternal Closure Systems Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

Zimmer Biomet
Medical Devices Business Services, Inc.
KLS Martin Group
Acute Innovations LLC
IDEAR S.R.L
A&E Medical Corporation
Praesidia
Kinamed Incorporated
JACE Medical, LLC
Dispomedica
ABYRX, INC.
JEIL MEDICAL CORPORATION
Changzhou Waston Medical Appliance Co., Ltd.
Teleflex Incorporated
B. Braun Melsungen AG