Sternal closure system is used to close the breastbone or the sternum post-surgical procedures of sternal reconstruction. This system is even used for fixing and stabilizing the anterior chest wall along with promoting fusion.
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Global Sternal Closure Systems Market: Dynamics
Rising prevalence of cardiovascular diseases is expected to fuel the global sternal closure systems market over the forecast period. According to a report by the American Heart Association (AHA), 2015, around 84 million people in the U.S. suffered from some or the other form of cardiovascular disease (CVD) in 2017 and around 130 million adults constituting over 45% of the country’s population, are estimated to suffer from at least one CVD by 2035. Furthermore, launching of novel devices for producing tight closure along with stable union at the sternum, in patients going through cardiothoracic surgeries is in turn expected to drive growth of the global sternal closure systems market. For instance, JACE Medical, LLC.’s Grand Pre Monoblock Closure System was approved by the U.S. Food and Drug Administration (FDA), in 2015. The strong closure system is biocompatible, which uses the ratchet technology for tightly closing the space along with promoting healing.
Moreover, RTI Surgical, in 2013, introduced the system Tritium Sternal Cable Plating (SCP) designed for median sternotomies closure following open-heart surgery. This system combines cancellous screws and cerclage cables, with a plate of low profile.
However, complications post-operation associated with plating and wiring technique use within patients at high-risk is expected to hamper growth of the global sternal closure systems market over the forecast period.
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Global Sternal Closure Systems Market: Regional Analysis
North America region is expected to gain a dominant share in the global sternal closure systems market, due to rising heart surgeries carried out to treat cardiovascular diseases. As per the American Heart Association published study, every year over 700,000 surgeries of open-heart are performed within the U.S.
Moreover, rising approvals for the innovative systems of sternal closure are expected to fuel growth of the global sternal closure systems market. For instance, Dallen Medical, Inc., in 2013, received the clearance of U.S. FDA 510(k) for a Compressyn Band which is polymer coated for the sternal closure, in turn providing polymer coating for sternal closure systems.
Global Sternal Closure Systems Market: Key Players
Key players in the global sternal closure systems market are focusing on adoption of acquisition and merger strategies for enhancing their market position. For instance, A&E Medical Corporation and Vance Street Capital LLC, in 2017, acquired the Cardiothoracic Closure business from RTI Surgical, thereby getting access to the plate products that are cable-based of RTI, such as Tritium SPC System along with advanced sternal cables.
Major players functioning in the global sternal closure systems market are, DePuy Synthes, KLS Martin Group, Zimmer Biomet Holdings, A&E Medical, Kinamed Incorporated, Orthofix International N.V., Abyrx, Inc., Praesidia SRL, Acute Innovations LLC, Idear SRL, and others.
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Global Sternal Closure Systems Market: Taxonomy
The global sternal closure systems market is segregated based on material type, product type, end user, procedure, and region.
Based on Product Type:
- Closure devices
- Plates and Screws
- Wires
- Cables
- Clips
- Bone Cement
Based on Material Type:
- PEEK
- Stainless Steel
- Titanium
Based on Procedure:
- Hemisternotomy
- Median Sternotomy
- Bilateral Thoracosternotomy
Based on End User:
- Specialty Clinics
- Hospitals
- Ambulatory Surgical Centers
Based on Region:
- North America
- Europe
- Latin America
- Asia Pacific
- Africa
- Middle East
Main points in Sternal Closure Systems Market Report Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Sternal Closure Systems Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Sternal Closure Systems Industry Impact
Chapter 2 Global Sternal Closure Systems Competition by Types, Applications, and Top Regions and Countries
2.1 Global Sternal Closure Systems (Volume and Value) by Type
2.3 Global Sternal Closure Systems (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Sternal Closure Systems Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Sternal Closure Systems Market Analysis
Chapter 6 East Asia Sternal Closure Systems Market Analysis
Chapter 7 Europe Sternal Closure Systems Market Analysis
Chapter 8 South Asia Sternal Closure Systems Market Analysis
Chapter 9 Southeast Asia Sternal Closure Systems Market Analysis
Chapter 10 Middle East Sternal Closure Systems Market Analysis
Chapter 11 Africa Sternal Closure Systems Market Analysis
Chapter 12 Oceania Sternal Closure Systems Market Analysis
Chapter 13 South America Sternal Closure Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Sternal Closure Systems Business
Chapter 15 Global Sternal Closure Systems Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
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