Global Sternal Closure Devices Market 2022-2028

Global Sternal Closure Devices Market 2022-2028

According to Gen Consulting Company, the global sternal closure devices market size is expected to increase from USD 2,291 million in 2021 to USD 3,267 million by 2028, garnering a CAGR of 5.2% over the evaluated period.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global sternal closure devices market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the sternal closure devices industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, material, procedure, and region. The global market for sternal closure devices can be segmented by product: closure devices, bone cement. According to the research, the closure devices segment had the largest share in the global sternal closure devices market. Sternal closure devices market is further segmented by material: polyether ether ketone (PEEK), stainless steel, titanium. In 2021, the stainless steel segment made up the largest share of revenue generated by the sternal closure devices market. Based on procedure, the sternal closure devices market is segmented into: bilateral thoracosternotomy, hemisternotomy, median sternotomy. On the basis of region, the sternal closure devices market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). North America captured the largest share of the market in 2021.

By product:

• closure devices
• bone cement

By material:

• polyether ether ketone (PEEK)
• stainless steel
• titanium

By procedure:

• bilateral thoracosternotomy
• hemisternotomy
• median sternotomy

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The closure devices market is further segmented into cables, clips, plates and screws, wires. Gen Consulting Company research indicates that the wires segment occupied the largest share of this market in 2021 and is expected to draw the highest demand in coming years.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Abyrx, Inc., Acute Innovations LLC, DePuy Synthes, Inc. (Johnson & Johnson), Gebruder Martin GmbH & Co. KG, JACE Medical, LLC, Kinamed Incorporated, Orthofix Medical Inc., Zimmer Biomet Holdings, Inc., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global sternal closure devices market.
• To classify and forecast the global sternal closure devices market based on product, material, procedure, region.
• To identify drivers and challenges for the global sternal closure devices market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global sternal closure devices market.
• To identify and analyze the profile of leading players operating in the global sternal closure devices market.

Why Choose This Report

• Gain a reliable outlook of the global sternal closure devices market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.