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Global Sternal Closure Systems Market Share, Size, Growth, Analysis, Trends, Forecast: By Product Type: Closure Devices, Bone Cement; By Procedure Type: Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, Other; By Fixation Techniques; By Material; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Sternal Closure Systems Market Outlook
The global sternal closure systems market would likely grow at a CAGR of 5.5% during 2023-2031. The market is expected to be driven by an increasing number of procedures carried out every year. Increasing innovations and investments in the domain along with novel solutions enabling safe and reliable closure of sternum are further expected to contribute to market growth. Asia Pacific, North America and Europe are likely to be key markets.
Global Market Likely to be Driven by the Need to Securely Close and Hold Sternum After Surgical Procedures
The market is likely to be driven by an increasing number of procedures carried out every year. Further, novel solutions enabling safe and reliable closure of sternum are expected to contribute to global sternal closure systems market growth. For example, the titanium sternal closure system enables stable internal fixation of the sternum post sternotomy or sternal fracture. Various types of titanium plates are available that fit anatomical structures and specific clinical requirements.
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The Titanium Sternal Fixation System offers steady internal fixation of the sternum for secondary or primary repair and closure; it is specifically useful after debridement of the sternum, or in cases where sternal bone quality is inadequate.
STERNAL ZIPFIX® SYSTEM and the TITANIUM STERNAL FIXATION SYSTEM by DePuy Synthes help close the sternum after heart surgery and surgical procedures related to the thoracic cavity that warrant sternal closure.
DePuy Synthes MatrixRIBTM Sternal Plates are suggested for stabilization, fixation, and reconstruction of fusions, fractures, or osteotomies associated with the sternum, and Pectus Carinatum, Pectus Excavatum, and other deformities of the chest wall.
The Sternal ZIPFIX® System allows quick sternal closure with constant tensioning of a sternal band along asternotomy or sternum fracture. The system chiefly comprises PEEK (polyetheretherketone) implants and an application tool.
The FiberTape sternal closure system is a nonmetallic substitute to stainless steel wires conventionally employed for sternal closure processes. The system exhibits high-strength, all-suture design and biomechanical properties; these attributes render the FiberTape sternal closure implant a good alternative for meeting the needs of median sternotomy fixation.
Leading Companies are Investing in Solutions to Enhance Patient Recovery after Open-chest Surgery
Major players are investing in innovative solutions to improve patient recovery post open-chest surgery. For example, in 2022, Evonik Venture Capital invested in CircumFix Solutions – a start-up based in Tennessee, USA, that devised a novel sternal closure device to enhance patient recovery post open chest surgery. The orthopaedic device was patented and manufactured from a high-performance polymer from Evonik; it securely closed and held the sternum post-surgery. Such developments are likely to boost the global sternal closure systems market.
Such investments would expectedly lead to a significant shift in the implantable medical devices domain with movement from metal to high-performance polymers. Such developments could significantly benefit doctors as well as patients through dependable and safe technologies helping enhance recovery.
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Market Segmentation
By product, the market is segmented into:
- Closure
- Bone Cement
By procedure, the market is divided into:
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
- Others
By material, the market is divided into:
- Titanium
- Polyether Ether Ketone (PEEK)
- Stainless Steel
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Market
The report offers an extensive assessment of major players in the global sternal closure systems market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Zimmer Biomet Holdings Inc.
- Johnson & Johnson Services, Inc.
- B. Braun SE
- Praesidia S.r.l
- KLS Martin, L.P.
- IDEAR S.R.L
- Kinamed Incorporated
- Others
Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Procedure Type |
|
| Breakup by Fixation Techniques |
|
| Breakup by Material |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Sternal Closure Systems Market Overview
3.1 Global Sternal Closure Systems Market Historical Value (2016-2022)
3.2 Global Sternal Closure Systems Market Forecast Value (2023-2031)
4 Global Sternal Closure Systems Market Landscape
4.1 Global Sternal Closure Systems Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Sternal Closure Systems Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by End User
5 Global Sternal Closure Systems Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Sternal Closure Systems Market Segmentation
6.1 Global Sternal Closure Systems Market by Product Type
6.1.1 Market Overview
6.1.2 Closure Devices
6.1.2.1 Sternal Closure Wires
6.1.2.2 Sternal Closure Plates and Screws
6.1.2.3 Sternal Closure Clips
6.1.2.4 Sternal Closure Cables
6.1.3 Bone Cement
6.2 Global Sternal Closure Systems Market by Procedure Type
6.2.1 Market Overview
6.2.2 Median Sternotomy
6.2.3 Hemisternotomy
6.2.4 Bilateral Thoracosternotomy
6.2.5 Other
6.3 Global Sternal Closure Systems Market by Fixation Techniques
6.3.1 Market Overview
6.3.2 Wiring Fixation Techniques
6.3.3 Plate-Screw Systems
6.3.4 Interlocking Systems
6.3.5 Cementing Vacuum Assisted Closure
6.4 Global Sternal Closure Systems Market by Material
6.4.1 Market Overview
6.4.2 Stainless Steel
6.4.3 Polyether Ether Ketone (PEEK)
6.4.4 Titanium
6.4.5 Others
6.5 Global Sternal Closure Systems Market by End User
6.5.1 Market Overview
6.5.2 Hospitals
6.5.3 Specialized Surgery Centres
6.5.4 Others
6.6 Global Sternal Closure Systems Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Sternal Closure Systems Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Sternal Closure Systems Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Sternal Closure Systems Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Sternal Closure Systems Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Sternal Closure Systems Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Zimmer Biomet
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Medical Devices Business Services, Inc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 KLS Martin Group
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Acute Innovations LLC
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 IDEAR S.R.L
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 A&E Medical Corporation
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Praesidia
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Kinamed Incorporated
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 JACE Medical, LLC
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Dispomedica
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 ABYRX, INC.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 JEIL MEDICAL CORPORATION
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Changzhou Waston Medical Appliance Co., Ltd.
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Teleflex Incorporated
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 B. Braun Melsungen AG
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
18 Global Sternal Closure Systems Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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