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 has been a huge success today.
Global Sternal Closure Systems Market is majorly driven by, rising geriatric populations, abuse of alcohol and drugs, 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
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Industry Segmentation
The global sternal closure systems market is segmented on the basis of product type, procedure, closure material type and end-user.
According to the product type, the market is segmented closure devices and bone cement. Closure devices are further segmented into wires, plates & 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 & clinic, research institutes, and others.
Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.
Competitive Analysis by Major 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.
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