Europe Sternal Closure Systems Market Size, Share & Trends Analysis Report By Type, (Closure Devices and Bone Cement), By Procedure, By Material Type, By Country and Growth Forecast, 2024 - 2031
The Europe Sternal Closure Systems Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Sternal Closure Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $230.6 million by 2031. The UK market is exhibiting a CAGR of 3.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 5.6% during (2024 - 2031).
The rising prevalence of orthaveaedic conditions such as fractures, spinal deformities, and degenerative joint diseases has led to a significant increase in the number of orthopaedic surgeries. This increased surgical volume directly drives the demand for it.
Additionally, Spinal fusion surgeries are becoming increasingly common for the treatment of spinal disorders like degenerative disc disease, spinal stenosis, and spinal fractures. Stabilizing the sternum effectively with advanced sternal closure systems is essential for ensuring successful outcomes in these procedures.
Ischemic heart disorders, including myocardial infarction (MI), are significant health concerns in France. The increasing incidence of these conditions drives the demand for cardiac surgeries, including CABG, which requires sternal closure systems in France. France is known for its advancements in cardiovascular medicine and surgery. The country's healthcare system prioritizes innovation and innovative technology, such as sternal closure devices, to enhance patient outcomes and lower the risk of complications.
Based on Type, the market is segmented into Closure Devices and Bone Cement. Based on Procedure, the market is segmented into Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, and Others. Based on Material Type, the market is segmented into Titanium, Stainless Steel, Polyether Ether Ketone (PEEK) and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Johnson & Johnson
- KLS Martin Group
- Orthofix Medical, Inc. (Breg, Inc.)
- Kinamed Inc.
- B. Braun Melsungen AG
- Stryker Corporation
- Medtronic PLC
- Zimmer Biomet Holdings, Inc.
- Acumed LLC (Colson Medical, Inc.)
- Able Medical Devices
By Type
- Closure Devices
- Bone Cement
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
- Others
- Titanium
- Stainless Steel
- Polyether Ether Ketone (PEEK)
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Sternal Closure Systems Market, by Type
- 1.4.2 Europe Sternal Closure Systems Market, by Procedure
- 1.4.3 Europe Sternal Closure Systems Market, by Material Type
- 1.4.4 Europe Sternal Closure Systems Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Sternal Closure Systems Market by Type
- 4.1 Europe Closure Devices Market by Country
- 4.2 Europe Bone Cement Market by Country
- Chapter 5. Europe Sternal Closure Systems Market by Procedure
- 5.1 Europe Median Sternotomy Market by Country
- 5.2 Europe Hemisternotomy Market by Country
- 5.3 Europe Bilateral Thoracosternotomy Market by Country
- 5.4 Europe Others Market by Country
- Chapter 6. Europe Sternal Closure Systems Market by Material Type
- 6.1 Europe Titanium Market by Country
- 6.2 Europe Stainless Steel Market by Country
- 6.3 Europe Polyether Ether Ketone (PEEK) Market by Country
- 6.4 Europe Others Market by Country
- Chapter 7. Europe Sternal Closure Systems Market by Country
- 7.1 Germany Sternal Closure Systems Market
- 7.1.1 Germany Sternal Closure Systems Market by Type
- 7.1.2 Germany Sternal Closure Systems Market by Procedure
- 7.1.3 Germany Sternal Closure Systems Market by Material Type
- 7.2 UK Sternal Closure Systems Market
- 7.2.1 UK Sternal Closure Systems Market by Type
- 7.2.2 UK Sternal Closure Systems Market by Procedure
- 7.2.3 UK Sternal Closure Systems Market by Material Type
- 7.3 France Sternal Closure Systems Market
- 7.3.1 France Sternal Closure Systems Market by Type
- 7.3.2 France Sternal Closure Systems Market by Procedure
- 7.3.3 France Sternal Closure Systems Market by Material Type
- 7.4 Russia Sternal Closure Systems Market
- 7.4.1 Russia Sternal Closure Systems Market by Type
- 7.4.2 Russia Sternal Closure Systems Market by Procedure
- 7.4.3 Russia Sternal Closure Systems Market by Material Type
- 7.5 Spain Sternal Closure Systems Market
- 7.5.1 Spain Sternal Closure Systems Market by Type
- 7.5.2 Spain Sternal Closure Systems Market by Procedure
- 7.5.3 Spain Sternal Closure Systems Market by Material Type
- 7.6 Italy Sternal Closure Systems Market
- 7.6.1 Italy Sternal Closure Systems Market by Type
- 7.6.2 Italy Sternal Closure Systems Market by Procedure
- 7.6.3 Italy Sternal Closure Systems Market by Material Type
- 7.7 Rest of Europe Sternal Closure Systems Market
- 7.7.1 Rest of Europe Sternal Closure Systems Market by Type
- 7.7.2 Rest of Europe Sternal Closure Systems Market by Procedure
- 7.7.3 Rest of Europe Sternal Closure Systems Market by Material Type
- Chapter 8. Company Profiles
- 8.1 Johnson & Johnson
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental & Regional Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
- 8.2 KLS Martin Group
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 Orthofix Medical, Inc. (Breg, Inc.)
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
- 8.4 Kinamed Inc.
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 B. Braun Melsungen AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
- 8.6 Stryker Corporation
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 SWOT Analysis
- 8.7 Medtronic PLC
- 8.7.1 Company overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 SWOT Analysis
- 8.8 Zimmer Biomet Holdings, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expense
- 8.8.5 Recent strategies and developments:
- 8.8.5.1 Acquisition and Mergers:
- 8.8.6 SWOT Analysis
- 8.9 Acumed LLC (Colson Medical, Inc.)
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. Able Medical Devices
- 8.10.1 Company Overview
- 8.10.2 Recent strategies and developments:
- 8.10.2.1 Product Launches and Product Expansions:
- 8.10.3 SWOT Analysis
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