According to IMARC Group’s latest report, titled “Sternal Closure Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global sternal closure systems market is expected to exhibit a growth rate (CAGR) of 5.2% during 2023-2028. Sternal closure systems refer to orthopedic devices that are used to stabilize and repair fractures of the anterior chest wall post-surgical procedures. These systems are further designed to support and close the sternum following sternotomies and sternal reconstruction procedures to promote fusion. Sternal closure systems include plates, wires, screws, and cables as standard devices that are manufactured from titanium and stainless steel materials, which ensure sternal immobility and prevent the risk of infections in bones. Apart from this, sternal closure systems help to enhance bone stability, promote healing, decrease postoperative complications, lessen the occurrence of deep sternal wound dehiscence in patients and reduce discomfort or pain while ensuring faster recovery. Based on these properties, sternal closure systems are utilized in median sternotomy, thoracosternotomy, and hemisternotomy procedures.

Sternal Closure Systems Market Trends:

The rising frequency of cardiovascular diseases (CVDs), especially amongst the geriatric population, has facilitated the number of open-heart surgeries, which is primarily driving the global sternal closure systems market toward growth. Moreover, the extensive utilization of median sternotomy procedures by medical practitioners has further contributed to the widespread adoption of sternal closure systems in the healthcare sector, which, in turn, is acting as another growth-inducing factor. Additionally, the advent of self-locking techniques to reduce reoperation risk and facilitate implant application and the escalating usage of biocompatible polymers, including tritium, nitonal, and polyetheretherketone (PEEK) for composing sternal closure systems are propelling the market growth. Furthermore, growing investments in public healthcare infrastructure and the development of minimal invasive median sternotomy procedures are favoring the sternal closure systems market growth. Other factors, such as favorable medical reimbursement policies, and significant research and development (R&D) efforts to engineer advanced sternal closure systems with steel wires to reduce the risk of bone rupture and deep sternal wound infection, are creating a positive outlook for the market.

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Sternal Closure Systems Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the sternal closure systems market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Abyrx Inc.
  • Acute Innovations (Acumed LLC)
  • B. Braun Melsungen AG (B. Braun Holding GmbH & Co.KG)
  • IDEAR S.R.L.
  • Jace Medical LLC
  • Jeil Medical Corporation
  • Johnson & Johnson
  • Kinamed Incorporated
  • KLS Martin Group
  • Orthofix Holdings Inc.
  • Zimmer Biomet

Key Market Segmentation:

The report has segmented the global sternal closure systems market based on procedure, product, material, end user and region.

Breakup by Procedure:

  • Median Sternotomy
  • Hemisternotomy
  • Bilateral Thoracosternotomy
  • Others

Breakup by Product:

  • Closure Devices
    • Wires
    • Plates and Screws
    • Clips and Cables
    • Others
  • Bone Cement

Breakup by Material:

  • Titanium
  • Polyether Ether Ketone (PEEK)
  • Stainless Steel
  • Others

Breakup by End User:

  • Hospitals and Clinics
  • Research Institutes
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/sternal-closure-systems-market

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