Global Sternal Closure Systems Market Size 2024, Forecast To 2033

The market size of sternal closure systems has experienced strong growth, moving from $2.28 billion in 2023 to $2.4 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 5.6%. The growth in the historic period is attributed to a rise in cardiovascular surgeries, the prevalence of cardiovascular diseases, an increased awareness of sternal complications, collaboration between surgeons and device manufacturers, and a focus on minimally invasive cardiac procedures. Moving forward to 2028, the market size is expected to see strong growth, reaching $2.95 billion at a CAGR of 5.2%. The growth in the forecast period is driven by factors such as rapid growth in minimally invasive surgery, an increased focus on patient-centric healthcare, the expansion of cardiac surgery in emerging markets, a focus on reducing postoperative complications, and collaboration in research and development. Major trends expected in the forecast period include technological innovations in device materials, advancements in surgical techniques, increased use of minimally invasive approaches, sternum fixation technologies, wireless remote monitoring, and the provision of customization and patient-specific solutions.