Market Overview:
The global sternal closure devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cardiac surgeries, technological advancements in sternal closure devices, and rising demand for minimally invasive surgeries. Based on type, the global sternal closure devices market is segmented into wires, plates & screws, clips, and cables. The wires segment is expected to account for the largest share of the global market in 2018. This can be attributed to their low cost and easy availability. Based on application, the global Sternum Closure Devices Market is segmented into median sternotomy, hemi-sternotomy bilateral thoracosternotomy).
Product Definition:
Sternal closure devices are medical implants used to close a chest wound. They may be used in conjunction with other surgical procedures, or as a standalone procedure. Their purpose is to prevent the entry of infection and promote healing.
Wires:
Wires are used in sternal closure devices to provide support for the plates that hold the heart together. The wires help keep the heart tissue intact and stable during surgery. They also act as a scaffold around which sutures can be passed, thereby holding them in place until they dry.
The growth factor for wires is their increasing usage in cardiac surgeries such as PFO closure, VSD closure,.
Plates & Screws:
Plates and screws are used in sternal closure devices to provide rigid support for the plates that hold the sternum together. The device is widely used in orthopedic surgeries, such as open heart surgery, cardiac surgery, and pediatric cardiac surgery.
The global plates & screws and it's usage in sternal closure devices market size was valued at USD 1.6 billion in 2015.
Application Insights:
The median sternotomy segment dominated the global market in terms of revenue share in 2017. This is attributed to high usage rates of this procedure and increasing number of hospitals that perform this procedure. According to a study published by NCBI, out of the total number of procedures performed, around 54% were mediastinoscopy based surgeries and 46% were through sternal retractors. Mediastinoscopy-based procedures are more common than those performed through retractors as these require minimal or no general anesthesia as compared to bilateralsternotomy which requires general anesthesia for comfortable recovery post surgery.
Regional Analysis:
North America dominated the global sternal closure devices market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing awareness about the benefits of early surgical intervention are some factors responsible for its large share. According to a study published by American Heart Association in 2016, approximately 6 million people undergo surgery to repair their heart valves each year.
In Asia Pacific and Latin America sternal closure devices market is anticipated to grow at a lucrative rate over the forecast period owing to growing target population base with high prevalence of cardiac disorders coupled with improving healthcare infrastructure and economic development which ultimately leads towards an improved quality life expectancy rates especially for patients suffering from congenital heart disease (CHD). In addition CHD affects more women than men; it accounts for around 55% percent cases among neonates born with CHD.
Growth Factors:
- Increasing incidence of cardiac diseases: The increasing incidence of cardiac diseases is one of the major growth drivers for the global sternal closure devices market. According to a study by the World Health Organization (WHO), an estimated 17.3 million people died from cardiovascular diseases in 2012, accounting for 31% of all global deaths. This number is expected to increase to 23.3 million by 2030. This growing prevalence of cardiac diseases is expected to drive demand for sternal closure devices in the coming years.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to be a major driver for the sternal closure devices market in the coming years. According to estimates by United Nations, there were around 841 million people aged 60 or above in 2015 and this number is projected to reach 2 billion by 2050. As more and more people enter into their senior years, they are increasingly susceptible to various heart-related conditions that may require surgical intervention such as implantation of a sternal closure device post-surgery .
Scope Of The Report
Report Attributes
Report Details
Report Title
Sternal Closure Devices Market Research Report
By Type
Wires, Plates & Screws, Clips, Cables
By Application
Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy
By Companies
DePuy Synthes (US), Zimmer Biomet Holdings (US), A&E Medical (US), KLS Martin Group (US), Orthofix International N.V. (US), ABYRX (US), Acute Innovations (US), Kinamed Incorporated (US), Praesidia Srl (Italy), IDEAR S.R.L. (Argentina), DePuy Synthes (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Sternal Closure Devices Market Report Segments:
The global Sternal Closure Devices market is segmented on the basis of:
Types
Wires, Plates & Screws, Clips, Cables
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DePuy Synthes (US)
- Zimmer Biomet Holdings (US)
- A&E Medical (US)
- KLS Martin Group (US)
- Orthofix International N.V. (US)
- ABYRX (US)
- Acute Innovations (US)
- Kinamed Incorporated (US)
- Praesidia Srl (Italy)
- IDEAR S.R.L. (Argentina)
- DePuy Synthes (US)
Highlights of The Sternal Closure Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wires
- Plates & Screws
- Clips
- Cables
- By Application:
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sternal Closure Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sternal closure devices are medical devices that are inserted into the chest cavity to close off the heart and lungs. This prevents air from entering or leaving the body, which can lead to death if not treated.
Some of the major companies in the sternal closure devices market are DePuy Synthes (US), Zimmer Biomet Holdings (US), A&E Medical (US), KLS Martin Group (US), Orthofix International N.V. (US), ABYRX (US), Acute Innovations (US), Kinamed Incorporated (US), Praesidia Srl (Italy), IDEAR S.R.L. (Argentina), DePuy Synthes (US).
The sternal closure devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sternal Closure Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sternal Closure Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sternal Closure Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sternal Closure Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sternal Closure Devices Market Size & Forecast, 2020-2028
4.5.1 Sternal Closure Devices Market Size and Y-o-Y Growth
4.5.2 Sternal Closure Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wires
5.2.2 Plates & Screws
5.2.3 Clips
5.2.4 Cables
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Median Sternotomy
6.2.2 Hemisternotomy
6.2.3 Bilateral Thoracosternotomy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sternal Closure Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sternal Closure Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wires
9.6.2 Plates & Screws
9.6.3 Clips
9.6.4 Cables
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Median Sternotomy
9.10.2 Hemisternotomy
9.10.3 Bilateral Thoracosternotomy
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wires
10.6.2 Plates & Screws
10.6.3 Clips
10.6.4 Cables
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Median Sternotomy
10.10.2 Hemisternotomy
10.10.3 Bilateral Thoracosternotomy
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wires
11.6.2 Plates & Screws
11.6.3 Clips
11.6.4 Cables
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Median Sternotomy
11.10.2 Hemisternotomy
11.10.3 Bilateral Thoracosternotomy
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wires
12.6.2 Plates & Screws
12.6.3 Clips
12.6.4 Cables
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Median Sternotomy
12.10.2 Hemisternotomy
12.10.3 Bilateral Thoracosternotomy
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wires
13.6.2 Plates & Screws
13.6.3 Clips
13.6.4 Cables
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Median Sternotomy
13.10.2 Hemisternotomy
13.10.3 Bilateral Thoracosternotomy
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sternal Closure Devices Market: Competitive Dashboard
14.2 Global Sternal Closure Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DePuy Synthes (US)
14.3.2 Zimmer Biomet Holdings (US)
14.3.3 A&E Medical (US)
14.3.4 KLS Martin Group (US)
14.3.5 Orthofix International N.V. (US)
14.3.6 ABYRX (US)
14.3.7 Acute Innovations (US)
14.3.8 Kinamed Incorporated (US)
14.3.9 Praesidia Srl (Italy)
14.3.10 IDEAR S.R.L. (Argentina)
14.3.11 DePuy Synthes (US)
