Sternal Closure Market is expected to reach US$ 3.56 Bn. at a CAGR of 5.3 during the forecast period 2029. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Sternal Closure Market Definition:
Sternal closure occurs prior to and post-cardiac surgery, respectively. In the early days of cardiac surgery, primary closure of the sternum at the end of the operation was mandatory because of the concern of mediastinal infection. Sternal closure has been used for over 30 years to promote hemodynamic stability after some complex cardiac surgeries.To know about the Research Methodology :- Request Free Sample Report
Sternal Closure Market Dynamics:
Sternal wound complications are reported to occur in 0.5% to 6.1% of patients after cardiac surgery, and they pose a serious risk to affected patients. In particular, deep sternal wound complications are associated with mortality between 14% and 47%. Several innovative closure techniques, including reinforced wires, primary plating, and cables, have been proposed for maximizing sternal stability, especially in high-risk patients. Median sternotomy is the most commonly used incision in cardiothoracic surgery. The large number of ongoing clinical trials to evaluate the performance of sternal closure led to give the lucrative opportunity for the growth of the global sternal closure market. The rise in the number of cardiothoracic surgical procedures, as well as the increasing geriatric population susceptible to the chronic cardiovascular condition, are driving the global sternal closure market. A favourable reimbursement scenario is expected to provide growth for the global sternal closure market in the forecast period.Sternal Closure Market Segment Analysis:
Median Hemisternotomy commanded the largest market share of xx% Million in the global sternal closure market. In cardiovascular operations, median hemisternotomy (MH) is one of the most preferred technique to access the heart, aorta and pulmonary vessels. Less pain and shorter operation time, as well as faster recovery time in postoperative pain, are the key properties that made this segment the most preferred as compared to others. The Journal of Thoracic and Cardiovascular Surgery, states that median hemisternotomy can be performed safely for aortic valve replacement, without increased risk of death or other major complications. The closure devices segment acquires the largest share of xx% in the global sternal closure market. Vascular closure devices like wires, plates & screw, cables, clips provided simple, rapid, and reliable hemostasis in a variety of clinical settings. Interestingly, wire closure after sternotomy for sternal stabilization remained standard for the last 50 years, whereas all other associated cardiac closure devices have evolved or have been modified. Development in several types of closure devices each having its own working mechanisms is driving the segment in the global market. Vascular closure devices (VCDs) improve patient comfort, free medical staff resources and shorten the time needed for hemostasis, ambulation and discharge. More recently, it is clear that vascular closure devices might cost neutral or cost saving for the vast majority of patients. Stainless steel commended the largest market share of xx% in the global sternal closure market. The application of steel wires has been the preferred method of closure. Simple deployment and applications for reliable closure increase their demand across the end-users. MANTA and Medtronic are the giant holders of reliable stainless steel closure devices and they export their medical devices and products on an international scale are driving the global market.Sternal Closure Market Regional Analysis:
North American market generated revenue of USD 1020 million in 2019 and will maintain its dominance in the global sternal closure market. The high prevalence of cardiovascular disease and higher adoption of sternal closure devices are anticipated to show growth in this region. Development in the public healthcare environment and the increasing prevalence of osteoporosis are showing growth for the global market. The objective of the report is to present a comprehensive analysis of the global sternal closure market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global sternal closure market dynamics, structure by analyzing the market segments and project the global sternal closure market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global sternal closure market make the report investor’s guide.Sternal Closure Market Report Scope: Inquire before buying
Global Sternal Closure Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.47 Bn. Forecast Period 2023 to 2029 CAGR: 5.3% Market Size in 2029: US $ 3.56 Bn. Segments Covered: by Procedure Hemisternostomy Median Hemisternostomy Bilateral Thoracosternotomy by Product Bone Cement Closure Devices by Material Stainless Steel Titanium Polyether Ether Ketone Sternal Closure Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Sternal Closure Market, Key Players are
1. DePuy Synthes 2. KLS Martin Group 3. Acute Innovations 4. Praesidia Srl 5. Kinamed Incorporated 6. Zimmer Biomet Holdings 7. B. Braun Melsungen AG 8. A&E Medical Corporation 9. Aesculap Inc 10. IDEAR S.R.L 11. Orthofix International N.V 12. ABYRX 13. Acute Innovations Frequently Asked Questions: 1. Which region has the largest share in Global Sternal Closure Market? Ans: Asia Pacific region holds the highest share in 2022. 2. What is the growth rate of Global Sternal Closure Market ? Ans: The Global Sternal Closure Market is growing at a CAGR of 5.3% during forecasting period 2023-2029. 3. What is scope of the Global Sternal Closure Market report? Ans: Global Sternal Closure Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Market is studied from 2022 to 2029.
1. Sternal Closure Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Sternal Closure Market: Dynamics 2.1. Sternal Closure Market Trends by Region 2.1.1. North America Sternal Closure Market Trends 2.1.2. Europe Sternal Closure Market Trends 2.1.3. Asia Pacific Sternal Closure Market Trends 2.1.4. Middle East and Africa Sternal Closure Market Trends 2.1.5. South America Sternal Closure Market Trends 2.2. Sternal Closure Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Sternal Closure Market Drivers 2.2.1.2. North America Sternal Closure Market Restraints 2.2.1.3. North America Sternal Closure Market Opportunities 2.2.1.4. North America Sternal Closure Market Challenges 2.2.2. Europe 2.2.2.1. Europe Sternal Closure Market Drivers 2.2.2.2. Europe Sternal Closure Market Restraints 2.2.2.3. Europe Sternal Closure Market Opportunities 2.2.2.4. Europe Sternal Closure Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Sternal Closure Market Drivers 2.2.3.2. Asia Pacific Sternal Closure Market Restraints 2.2.3.3. Asia Pacific Sternal Closure Market Opportunities 2.2.3.4. Asia Pacific Sternal Closure Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Sternal Closure Market Drivers 2.2.4.2. Middle East and Africa Sternal Closure Market Restraints 2.2.4.3. Middle East and Africa Sternal Closure Market Opportunities 2.2.4.4. Middle East and Africa Sternal Closure Market Challenges 2.2.5. South America 2.2.5.1. South America Sternal Closure Market Drivers 2.2.5.2. South America Sternal Closure Market Restraints 2.2.5.3. South America Sternal Closure Market Opportunities 2.2.5.4. South America Sternal Closure Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Sternal Closure Industry 2.8. Analysis of Government Schemes and Initiatives For Sternal Closure Industry 2.9. Sternal Closure Market Trade Analysis 2.10. The Global Pandemic Impact on Sternal Closure Market 3. Sternal Closure Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 3.1.1. Hemisternostomy 3.1.2. Median Hemisternostomy 3.1.3. Bilateral Thoracosternotomy 3.2. Sternal Closure Market Size and Forecast, by Product (2022-2029) 3.2.1. Bone Cement 3.2.2. Closure Devices 3.3. Sternal Closure Market Size and Forecast, by Material (2022-2029) 3.3.1. Stainless Steel 3.3.2. Titanium 3.3.3. Polyether Ether Ketone 3.4. Sternal Closure Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Sternal Closure Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 4.1.1. Hemisternostomy 4.1.2. Median Hemisternostomy 4.1.3. Bilateral Thoracosternotomy 4.2. North America Sternal Closure Market Size and Forecast, by Product (2022-2029) 4.2.1. Bone Cement 4.2.2. Closure Devices 4.3. North America Sternal Closure Market Size and Forecast, by Material (2022-2029) 4.3.1. Stainless Steel 4.3.2. Titanium 4.3.3. Polyether Ether Ketone 4.4. North America Sternal Closure Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 4.4.1.1.1. Hemisternostomy 4.4.1.1.2. Median Hemisternostomy 4.4.1.1.3. Bilateral Thoracosternotomy 4.4.1.2. United States Sternal Closure Market Size and Forecast, by Product (2022-2029) 4.4.1.2.1. Bone Cement 4.4.1.2.2. Closure Devices 4.4.1.3. United States Sternal Closure Market Size and Forecast, by Material (2022-2029) 4.4.1.3.1. Stainless Steel 4.4.1.3.2. Titanium 4.4.1.3.3. Polyether Ether Ketone 4.4.2. Canada 4.4.2.1. Canada Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 4.4.2.1.1. Hemisternostomy 4.4.2.1.2. Median Hemisternostomy 4.4.2.1.3. Bilateral Thoracosternotomy 4.4.2.2. Canada Sternal Closure Market Size and Forecast, by Product (2022-2029) 4.4.2.2.1. Bone Cement 4.4.2.2.2. Closure Devices 4.4.2.3. Canada Sternal Closure Market Size and Forecast, by Material (2022-2029) 4.4.2.3.1. Stainless Steel 4.4.2.3.2. Titanium 4.4.2.3.3. Polyether Ether Ketone 4.4.3. Mexico 4.4.3.1. Mexico Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 4.4.3.1.1. Hemisternostomy 4.4.3.1.2. Median Hemisternostomy 4.4.3.1.3. Bilateral Thoracosternotomy 4.4.3.2. Mexico Sternal Closure Market Size and Forecast, by Product (2022-2029) 4.4.3.2.1. Bone Cement 4.4.3.2.2. Closure Devices 4.4.3.3. Mexico Sternal Closure Market Size and Forecast, by Material (2022-2029) 4.4.3.3.1. Stainless Steel 4.4.3.3.2. Titanium 4.4.3.3.3. Polyether Ether Ketone 5. Europe Sternal Closure Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.2. Europe Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.3. Europe Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4. Europe Sternal Closure Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.1.2. United Kingdom Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.1.3. United Kingdom Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.2. France 5.4.2.1. France Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.2.2. France Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.2.3. France Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.3. Germany 5.4.3.1. Germany Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.3.2. Germany Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.3.3. Germany Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.4.2. Italy Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.4.3. Italy Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.5. Spain 5.4.5.1. Spain Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.5.2. Spain Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.5.3. Spain Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.6.2. Sweden Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.6.3. Sweden Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.7.2. Austria Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.7.3. Austria Sternal Closure Market Size and Forecast, by Material (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 5.4.8.2. Rest of Europe Sternal Closure Market Size and Forecast, by Product (2022-2029) 5.4.8.3. Rest of Europe Sternal Closure Market Size and Forecast, by Material (2022-2029) 6. Asia Pacific Sternal Closure Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.2. Asia Pacific Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.3. Asia Pacific Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4. Asia Pacific Sternal Closure Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.1.2. China Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.1.3. China Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.2.2. S Korea Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.2.3. S Korea Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.3.2. Japan Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.3.3. Japan Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.4. India 6.4.4.1. India Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.4.2. India Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.4.3. India Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.5.2. Australia Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.5.3. Australia Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.6.2. Indonesia Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.6.3. Indonesia Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.7.2. Malaysia Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.7.3. Malaysia Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.8.2. Vietnam Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.8.3. Vietnam Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.9.2. Taiwan Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.9.3. Taiwan Sternal Closure Market Size and Forecast, by Material (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 6.4.10.2. Rest of Asia Pacific Sternal Closure Market Size and Forecast, by Product (2022-2029) 6.4.10.3. Rest of Asia Pacific Sternal Closure Market Size and Forecast, by Material (2022-2029) 7. Middle East and Africa Sternal Closure Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 7.2. Middle East and Africa Sternal Closure Market Size and Forecast, by Product (2022-2029) 7.3. Middle East and Africa Sternal Closure Market Size and Forecast, by Material (2022-2029) 7.4. Middle East and Africa Sternal Closure Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 7.4.1.2. South Africa Sternal Closure Market Size and Forecast, by Product (2022-2029) 7.4.1.3. South Africa Sternal Closure Market Size and Forecast, by Material (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 7.4.2.2. GCC Sternal Closure Market Size and Forecast, by Product (2022-2029) 7.4.2.3. GCC Sternal Closure Market Size and Forecast, by Material (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 7.4.3.2. Nigeria Sternal Closure Market Size and Forecast, by Product (2022-2029) 7.4.3.3. Nigeria Sternal Closure Market Size and Forecast, by Material (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 7.4.4.2. Rest of ME&A Sternal Closure Market Size and Forecast, by Product (2022-2029) 7.4.4.3. Rest of ME&A Sternal Closure Market Size and Forecast, by Material (2022-2029) 8. South America Sternal Closure Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 8.2. South America Sternal Closure Market Size and Forecast, by Product (2022-2029) 8.3. South America Sternal Closure Market Size and Forecast, by Material(2022-2029) 8.4. South America Sternal Closure Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 8.4.1.2. Brazil Sternal Closure Market Size and Forecast, by Product (2022-2029) 8.4.1.3. Brazil Sternal Closure Market Size and Forecast, by Material (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 8.4.2.2. Argentina Sternal Closure Market Size and Forecast, by Product (2022-2029) 8.4.2.3. Argentina Sternal Closure Market Size and Forecast, by Material (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Sternal Closure Market Size and Forecast, by Procedure (2022-2029) 8.4.3.2. Rest Of South America Sternal Closure Market Size and Forecast, by Product (2022-2029) 8.4.3.3. Rest Of South America Sternal Closure Market Size and Forecast, by Material (2022-2029) 9. Global Sternal Closure Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Sternal Closure Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. DePuy Synthes 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. KLS Martin Group 10.3. Acute Innovations 10.4. Praesidia Srl 10.5. Kinamed Incorporated 10.6. Zimmer Biomet Holdings 10.7. B. Braun Melsungen AG 10.8. A&E Medical Corporation 10.9. Aesculap Inc 10.10. IDEAR S.R.L 10.11. Orthofix International N.V 10.12. ABYRX 10.13. Acute Innovations 11. Key Findings 12. Industry Recommendations 13. Sternal Closure Market: Research Methodology 14. Terms and Glossary