Sternal Closure Systems Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
20 Jun, 2023
The global sternal closure system market size is expected to grow from $2.15 billion in 2022 to $2.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.74%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global sternal closure system market size is expected to reach $2.79 billion in 2027 at a CAGR of 5.17%.
Global Sternal Closure Systems Market Key Driver
The sternal closure system market is predicted to grow in the future due to an increase in the prevalence of cardiovascular disorders. Many cardiovascular disorders necessitate surgery, which necessitates the opening of the sternum bone. The sternal closure system can help to appropriately close the sternal bone that was opened during the procedures.
Get a sample of the global sternal closure systems market reportGlobal Sternal Closure Systems Market Segments
The global sternal closure systems market is segmented:
1) By Product: Closure Devices, Bone Cement
2) By Procedure: Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, Other Procedures
3) By Material: Titanium, Polyether Ether Ketone (PEEK), Stainless Steel, Other Materials
4) By End User: Hospitals and Clinics, Research Institutes, Other End Users
5) By Geography: The regions covered in the sternal closure systems market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global sternal closure systems market.
Major Sternal Closure Systems Industry Players
Zimmer Biomet Holdings Inc., Johnson and Johnson Services Inc., B. Braun Melsungen AG, Orthofix Holdings Inc., KLS Martin Group, A&E Medical Corporation, Jace Medical LLC., Acute Innovations LLC., Abyrx Inc., Kinamed Incorporated , Idear SRL,, Dispomedica GmbH, Waston Medical Corporation, Jeil Medical Corporation,, Figure 8 Surgical, Stryker Corporation
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Sternal Closure Systems Market Overview
A sternal closure system refers to a medical device or method used to close the sternum, which is the bone located in the center of the chest that protects the heart and lungs. These systems are used to close the chest, which may be opened during heart surgeries or open-chest surgeries.
Sternal Closure Systems Global Market Report 2023 provides data on the global sternal closure systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sternal closure systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.