Global Sternal Closure Systems Market Size, Share, Forecast Report, 2020-2027

The sternal closure systems market is expected to register a CAGR of 5% and reach USD 2500 million during the forecast period. Open heart surgery is a huge success today. Sternum closure systems are used to close the sternum and are the last step in open heart surgery. This technique involves steel wires that are wrapped around the halves of the sternum to close it. The global sternal closure systems market is majorly driven by the rising geriatric population, alcohol and drugs abuse, the high prevalence of cardiac diseases, and growing penetration of key market players. Furthermore, raising awareness of healthcare, favorable reimbursement policies, increasing advanced technical devices, increasing innovations in research and development of medical devices, as well as rising average income of individuals, are fueling the market growth. However, factors such as high cost of devices, complicated and costly surgical procedures, and risks of getting infected due to sternum closure devices are likely to hamper the growth of the market. Lack of proper healthcare infrastructure, as well as awareness regarding cardiac diseases in middle-income countries, are also the major challenges to the market growth.

Key Players

Some of the key players in the Sternal closure systems market are Depuy Synthes, Zimmer Biomet Holdings, Orthofix International N.V., A&E Medical, Kinamed Incorporated, Abyrx, Jace Medical, Jeil Medical Corporation, and Acute Innovations.
Market Segmentation

The global sternal closure systems market is segmented on the basis of product type, procedure, closure material type, and end-user. According to product type, the market is segmented into closure devices and bone cement. Closure devices are further segmented into wires, plates and screws, clips, and cables.

Considering the type of procedure, the market is segmented into median sternotomy, bilateral thoracosternotomy, hemisternotomy, and others.

According to the closure material type, the market is segmented into stainless steel, titanium, and others.

On account of end-user, the market is segmented into, hospitals and clinics, research institutes, and others.

Market Segmentation

Global Sternal Closure Systems Market, by Product Type

• Closure devices
• Wires
• Plates & Screws
• Cables
• Clips
• Bone cement

Global Sternal closure systems Market, by Procedure type

• Median Sternotomy
• Bilateral Thoracosternotomy
• Hemisternotomy
• Others

Global Sternal closure systems Market, by Closure material

• Stainless steel,
• Titanium
• Others

Global Sternal closure systems Market, by End-user

• Hospitals & Clinics
• Research Institutes
• Others