Global Sternal Closure Systems Market to Reach US$3.7 Billion by 2030
The global market for Sternal Closure Systems estimated at US$2.9 Billion in the year 2024, is expected to reach US$3.7 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2024-2030. Closure Devices, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$3.1 Billion by the end of the analysis period. Growth in the Bone Cement segment is estimated at 2.8% CAGR over the analysis period.
The U.S. Market is Estimated at US$800.5 Million While China is Forecast to Grow at 3.6% CAGR
The Sternal Closure Systems market in the U.S. is estimated at US$800.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$583.3 Million by the year 2030 trailing a CAGR of 3.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Global Sternal Closure Systems Market - Key Trends and Drivers Summarized
What Role Do Sternal Closure Systems Play in Cardiothoracic Procedures?
Sternal closure systems are vital components in cardiothoracic surgeries, particularly after procedures such as open-heart surgery, where the sternum (breastbone) is split to access the heart. These systems provide structural integrity to the chest by ensuring that the sternum heals properly after surgery. Traditionally, wires have been the primary choice for sternal closure; however, advancements in technology have led to the development of plates, screws, and innovative materials that improve patient outcomes and reduce post-operative complications. The increasing number of cardiovascular surgeries worldwide, driven by a rise in heart disease prevalence, has significantly expanded the need for effective and reliable sternal closure solutions. Innovations such as absorbable materials and enhanced fixation systems are addressing concerns related to infections, dehiscence, and chronic pain.
What Technological Advancements Are Shaping the Sternal Closure Market?
The sternal closure market is witnessing rapid technological innovation, with the introduction of advanced materials such as titanium and PEEK (Polyether ether ketone) polymers. These materials offer superior biocompatibility and mechanical strength compared to traditional wires. Additionally, the development of patient-specific closure devices using 3D printing and computational modeling is enabling a more personalized approach to chest stabilization, which improves recovery times and reduces post-operative complications. Bioabsorbable sternal closure systems, which eliminate the need for secondary surgeries, are also gaining traction. Moreover, there is a growing focus on minimally invasive techniques that minimize tissue trauma and promote faster healing, making sternal closure systems more adaptable to evolving surgical methods.
Which Segments Are Leading the Growth of the Sternal Closure Systems Market?
In terms of product type, plates and screws are emerging as dominant players due to their increased stability and lower risk of complications compared to traditional wires. Procedures such as sternotomy dominate the application segment, as it remains the standard approach for many cardiac and thoracic surgeries. Regarding material, titanium is leading due to its strength, corrosion resistance, and biocompatibility. End-users of sternal closure systems primarily include hospitals and surgical centers, with the growing number of cardiovascular surgeries globally driving adoption. Geographically, North America, Europe, and Asia-Pacific are leading markets due to the prevalence of cardiovascular diseases and advancements in healthcare infrastructure.
What Is Driving the Growth of the Sternal Closure Systems Market?
The growth in the sternal closure systems market is driven by several factors, including the rising incidence of cardiovascular diseases, increasing adoption of advanced materials such as titanium and bioabsorbable polymers, and growing demand for personalized surgical solutions. Technological advancements in minimally invasive surgical techniques and patient-specific devices are enhancing the efficacy and safety of sternal closure systems. The growing geriatric population, which is more prone to heart diseases and requires frequent cardiac surgeries, is also fueling demand for sternal closure devices. Furthermore, the expansion of healthcare infrastructure in emerging markets and increasing investments in research and development are creating new growth opportunities for market players.
TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
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