Sternal Closure Systems Market By Product (Closure Devices, Bone Cement), By Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), By Material (Stainless Steel, PEEK (Polyetheretherketone), Titanium), & Region For 2024-2031

Sternal Closure Systems Market Valuation – 2024-2031

The Sternal Closure Systems Market is expanding the geriatric population conducting open-heart surgery via median sternotomy, as well as an increase in cardiac procedures worldwide, which are major factors driving market expansion. The median sternotomy is the most popular approach for cardiac surgery because it allows for quick and easy access to the heart valves and arteries. Sternotomies and sternal closure are performed both prior to and following cardiac surgery. The market size surpass USD 1.97 Billion valued in 2023 to reach a valuation of around USD 2.84 Billion by 2031.

Sedentary lifestyles have increased alcohol and tobacco usage, while a poor diet is increasing the prevalence of heart disease. As a result, the number of surgical procedures is increasing, which will most certainly accelerate the usage of sternal closure devices in surgeries during the coming years. The rising demand for cost-effective and efficient waterproof cameras is enabling the market grow at a CAGR of 4.70% from 2024 to 2031.

Sternal Closure Systems MarketDefinition/ Overview

Sternal closure systems are specialized medical devices that stabilize and secure the sternum following procedures like open-heart surgery. These systems are critical to the proper alignment and healing of the sternum, which is generally split open during such procedures to allow access to the heart and surrounding structures. Sternal closure systems can consist of a range of materials and mechanisms, such as wires, plates, and screws, that are designed to withstand the stresses exerted during the postoperative period, reducing the risk of complications such as sternal dehiscence or infection. These systems are critical for patient recovery and surgical results because they promote steady and reliable sternal healing.

The increasing number of open-heart operations, together with the growing global elderly population, is a primary driver driving market expansion. For example, the NIH paper released in June 2022 said that over 2 million patients worldwide undergo open-heart surgery each year to manage a variety of heart conditions. The large volume of open-heart surgeries is likely to increase demand for sternal closure systems, which are commonly used to reattach the sternum, contributing to market growth throughout the forecast period. Furthermore, according to a WHO report issued in October 2022, the proportion of the global population aged 60 and up would climb to 1.4 billion by 2030 and 2.1 billion by 2050. Thus, the growing geriatric population, which is more prone to cardiovascular illness and frequently requires open heart surgery, is likely to contribute to market growth throughout the forecast period.

Will the Rising Number of Open-Heart Surgeries Performed Using a Median Sternotomy Drive the Sternal Closure Systems Market?

The increasing frequency of open-heart procedures conducted with a median sternotomy is driving the Sternal Closure Systems Market. A median sternotomy, a popular surgical method to accessing the heart, entails splitting the sternum, which requires secure and effective closure to guarantee good healing and avoid problems. As the global incidence of cardiovascular illness rises, so does the need for open-heart surgery. This increase in surgical procedures directly increases the demand for enhanced sternal closure devices, which are critical for patient safety and optimal recovery results.

Also, technological improvements in sternal closure systems, such as the development of novel materials and designs that provide increased stability and lower infection rates, are fueling market growth. Healthcare providers are increasingly using advanced systems to improve surgical outcomes and patient quality of life.

The aging population and the rising prevalence of lifestyle-related cardiac problems are driving up the volume of open-heart surgeries, raising the market for sternal closure devices. This trend is projected to continue, emphasizing the importance of sternal closure methods in contemporary cardiac surgery and patient care.

Will the Procedural Risks and Complications Impact the Demand for the Sternal Closure Systems Market?

The demand for the Sternal Closure Systems Market is inextricably linked to the dangers and difficulties that can occur during cardiac and thoracic surgery. Procedures like sternotomy, which involves splitting the sternum to provide access to the heart, have intrinsic hazards such as sternal dehiscence and severe sternal wound infection. These issues not only prolong hospital stays, but also raise healthcare expenses and cause patient suffering.

As cardiovascular disorders become increasingly common worldwide and the frequency of cardiac procedures increases, the demand for strong sternal closure methods grows. The healthcare industry continues to focus on medical technology advancements to improve the safety and efficiency of surgical operations such as sternotomy. Emerging methods, such as bioresorbable materials and minimally invasive sternal closure techniques, seek to reduce procedural risks and speed up patient recovery. While procedural difficulties remain a barrier, they are also driving the continued evolution and use of sophisticated sternal closure methods in cardiac surgical practices around the world.

Category-Wise Acumens

Will the Clinical Advantages of Closure Devices Propel the Segment of the Sternal Closure Systems Market?

The clinical benefits of closure devices are expected to fuel significant expansion in this area of the Sternal Closure Systems Market. These devices are intended to improve surgical results by providing stable sternal fixation after the procedure, lowering the risk of problems including sternal dehiscence and infection. Improved patient outcomes, such as shorter hospital stays and faster recovery times, are compelling reasons for healthcare providers to use improved closure systems.

As the healthcare industry places a greater emphasis on patient safety and quality of care, there is a growing demand for novel sternal closure systems that provide improved stability and reliability. Closure devices take advantage of advances in materials and design to offer customizable alternatives for various surgical procedures and patient needs. Their ability to appropriately transmit stresses across the sternum and promote proper healing adds to their clinical efficacy and adoption.

With ongoing technological advancements and clinical studies validating their benefits, closure devices are expected to play a critical role in shaping the future growth of the Sternal Closure Systems Market, owing to their demonstrated clinical advantages in improving surgical outcomes and patient satisfaction.

Will the Widely Used Access Method of Median Sternotomy Drive Significant Demand for the Sternal Closure Systems Market?

The median sternotomy is a popular access method and a major driver of the Sternal Closure Systems Market. A median sternotomy is a frequent surgical method for gaining access to the heart for cardiac surgeries such as coronary artery bypass grafting (CABG) and valve replacement. This approach involves making a vertical incision through the sternum, which provides direct access to the heart while minimizing harm to surrounding tissues. However, the sternum must be tightly closed after surgery to guarantee adequate healing and stability. Sternal closure systems, including as wires, plates, and closure devices, play an important role in this process by providing the sternum with the necessary support and strength during the healing phase.

The growing number of cardiac procedures, combined with advances in surgical techniques and an older population, increases the demand for effective sternal closure devices. As the frequency of cardiac surgeries increases around the world, particularly in aging populations such as North America and Europe, so does the demand for dependable and long-lasting sternal closure solutions. These systems not only promote good healing and reduce the risk of problems such as sternal instability and infection, but they also help to enhance patient outcomes and shorten recovery time.

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Country/Region-wise Acumens

Will High Prevalence of Cardiovascular Disease Accelerate the Growth in the North America Market?

The high prevalence of cardiovascular disease (CVD) in North America is predicted to stimulate the expansion of the market for heart-related medical devices and treatments. With CVD still the major cause of morbidity and mortality in the region, there is a strong demand for enhanced cardiac care solutions such as diagnostic tools, therapeutic approaches, and surgical procedures. This demographic trend is fueled by an aging population, sedentary lifestyles, and dietary choices that contribute to illnesses such as coronary artery disease, heart failure, and arrhythmia.

As healthcare professionals and policymakers prioritize early identification and successful management of cardiovascular problems, there is a growing investment in breakthrough medical devices and treatments. This involves the use of sternal closure systems and other cardiac surgical devices that aim to enhance patient outcomes and shorten recovery times after surgery. The increased awareness of heart health, combined with advances in medical research and technology, puts North America as a critical market for cardiovascular treatments. Manufacturers and healthcare institutions are well-positioned to capitalize on this opportunity by creating and deploying cutting-edge solutions to meet the critical healthcare demands related with CVD.

Will the High Burden of Cardiovascular Disease Propel the Sternal Closure Systems Market in Europe?

The high prevalence of cardiovascular disease in Europe is likely to drive substantial growth in the Sternal Closure Systems Market. Cardiovascular disorders, such as coronary artery disease and heart failure, continue to be major sources of morbidity and mortality in the region, resulting in a persistent demand for cardiac surgical procedures. These surgeries frequently include a sternotomy, which involves dividing the sternum to gain access to the heart for treatments such as coronary artery bypass grafting (CABG) and valve replacements. Sternal closure devices are crucial postoperative instruments for securing and stabilizing the sternum, assuring correct healing, and lowering the risk of problems including sternal dehiscence and infections, which can have a substantial impact on patient outcomes.

Europe’s aging population, along with an increase in cardiovascular illness, is driving up demand for cardiac procedures and, as a result, sternal closure devices. As healthcare systems across Europe continue to prioritize improving patient outcomes and lowering healthcare-related costs, there is a rising emphasis on using modern medical technology such as novel sternal closure devices. These devices not only improve surgical efficacy and patient safety, but they also contribute to shorter hospital stays and faster recovery times, making them an important part of Europe’s growing cardiac care environment.

Competitive Landscape

The Sternal Closure Systems Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Sternal Closure Systems Market include

Depuy Synthes, Zimmer Biomet Holdings, Orthofix International N.V., A&E Medical, Abyrx, Jace Medical, Jeil Medical Corporation, and Acute Innovations.

Latest Developments

• In September 2023, Abyrx, a market player, received enhanced FDA approval for MONTAGE, a mouldable bone putty. This product has received extended approval for cardiothoracic surgery following a sternotomy. MONTAGE allows heart surgeons to improve sternal repair and closure.
• In May 2022, Granulab’s subsidiary KPOWER released Prosteomax, a halal-certified synthetic bone cement, to Malaysia. It is suitable for dental, orthopedic, cranial, and maxillofacial applications.
• In February 2022, Evonik Venture Capital invested in CircumFix Solutions, a Tennessee-based start-up that has developed a novel sternal closure device to help patients recover from open chest surgery.

Report Scope

Sternal Closure Systems Market, By Category

Product

• Closure Devices
• Bone Cement

Procedure

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy

Material

• Stainless Steel
• PEEK (Polyetheretherketone)
• Titanium

Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

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