Stratview Research published a new report on the Sternal Closure Systems Market that offers detailed segmentation of the market based on Material (Stainless Steel, Polyether Ether Ketone (PEEK), Titanium), Product (Closure Devices, Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), and Region.
According to the report, The Sternal Closure Systems Market is projected to grow from USD 2.28 billion in 2021 to USD 3.28 billion by 2028 at a CAGR of around 5.12% during the forecast period of 2022-2028.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market's manufacturing, demand, and distribution network. The Sternal Closure Systems Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Sternal Closure Systems Market, is given below -
· DePuy Synthes (US)
· Zimmer Biomet (US)
· KLS Martin Group (Germany)
· Acute Innovations LLC (US)
· Orthofix (US)
· A&E Medical (US)
· Praesidia Srl (Italy)
· Kinamed Inc (US)
· JACE Medical (US)
· Abyrx, Inc (US)
· Dispomedica GmbH (Germany)
· Waston Medical Corporation (China)
By product, the sternal closure systems market has been bifurcated into closure devices and bone cement. The closure devices segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. Closure devices include wire, plate & screw, clips, and cable.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the established presence of the healthcare industry coupled with expanding geriatric populace and the presence of key market players such as DePuy Synthes (US) and Zimmer Biomet (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare infrastructure development coupled with the rising number of surgical procedures.
FAQs in the report -
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Sternal Closure Systems Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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