Market Dynamics
The sternal closure systems market is driven by factors such as the increasing target patient population. Heart-related diseases or cardiovascular diseases (CVDs) are the leading cause of death across the world. In addition, changes in lifestyles, such as eating processed food, smoking, and heavy alcoholism, are major causes of CVDs. The rising geriatric population across the world is another factor boosting the occurrence of CVDs worldwide. Among the geriatric population, various organs, including the cardiovascular system, can fail to maintain stable function. This leads to increasing demand for surgical processes and rising demand for sternal closure systems globally.
However, the procedural risks associated with sternal closure can challenge the sternal closure systems market growth during the forecast period. The increasing prevalence of CVDs and the growing demand for sternal closure systems among surgeons for operative procedures have increased the demand for sternal closure systems. However, postoperative complications such as deep sternal wound infection (DSWI) and sternal dehiscence (SD) cause significant morbidity and mortality. These complications might restrict the growth of the sternal closure systems market.
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Company Profiles
Some of the companies covered in this report are Abyrx Inc., Acumed LLC, Dispomedica GmbH, Idear Srl, JACE Medical LLC, Johnson and Johnson Inc., Kinamed Inc., KLS Martin Group, Praesidia Srl, and Zimmer Biomet Holdings Inc., etc.
Competitive Analysis
The competitive scenario provided in the sternal closure systems market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By product, the market is classified into closure devices and bone cement. The closure devices segment contributes the largest share of the market. Improved closure devices have characteristics such as reduced postoperative complications and infections and faster recovery time compared to bone cement, which are likely to boost the segment growth in the near future.
- By geography, the market is classified into North America, Europe, Asia, and ROW. North America will have the largest share of the market. The US is the key country for the sternal closure systems market in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW.
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Sternal Closure Systems Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.69% |
Market growth 2022-2026 |
USD 659.76 million |
Market structure |
Concentrated |
YoY growth (%) |
5.00 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Abyrx Inc., Acumed LLC, Dispomedica GmbH, Idear Srl, JACE Medical LLC, Johnson and Johnson Inc., Kinamed Inc., KLS Martin Group, Praesidia Srl, and Zimmer Biomet Holdings Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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