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Sternal Closure Systems Market

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; 2024-2032

Global Sternal Closure Systems Market Outlook

The global sternal closure systems market would likely grow at a CAGR of 5.5% during 2024-2032. 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.

 

sternal closure systems market

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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 2023, 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.

 

sternal closure systems market by segmentation

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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

 

sternal closure systems market by region

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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 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Procedure Type
  • Fixation Techniques
  • Material
  • End User
  • Region
Breakup by Product Type
  • Closure Devices
  • Bone Cement
Breakup by Procedure Type
  • Median Sternotomy
  • Hemisternotomy
  • Bilateral Thoracosternotomy
  • Other
Breakup by Fixation Techniques
  • Wiring Fixation Techniques
  • Plate-Screw Systems
  • Interlocking Systems
  • Cementing Vacuum Assisted Closure
Breakup by Material
  • Stainless Steel
  • Polyether Ether Ketone (PEEK)
  • Titanium
  • Others
Breakup by End User
  • Hospitals
  • Specialized Surgery Centres
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Zimmer Biomet
  • Medical Devices Business Services, Inc.
  • KLS Martin Group
  • Acute Innovations LLC
  • IDEAR S.R.L
  • A&E Medical Corporation
  • Praesidia
  • Kinamed Incorporated
  • JACE Medical, LLC
  • Dispomedica
  • ABYRX, INC.
  • JEIL MEDICAL CORPORATION
  • Changzhou Waston Medical Appliance Co., Ltd.
  • Teleflex Incorporated
  • B. Braun Melsungen AG

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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 (2017-2023) 
    3.2    Global Sternal Closure Systems Market Forecast Value (2024-2032)
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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