The sternal closure systems market is undergoing a transformation, driven in part by the growing adoption of the FlatWire Sternal Closure System technique. This minimally invasive technique utilizes thin, flat wires to stabilize fractured ribs and the sternum (breastbone) after open-heart surgery. Compared to traditional methods involving wires or sutures, the FlatWire Sternal Closure System offers several advantages. It reduces the profile of the closure materials, minimizing patient discomfort and improving cosmetic outcomes. Additionally, the flat wires allow for greater flexibility in adapting to a patient's specific anatomy, potentially leading to a more secure and stable closure.
Sternal Closure Systems Market size was estimated to be USD 1.9 billion in 2022. The Sternal Closure Systems market is expected to surge from USD 2.0045 billion in 2023 to USD 2.72 billion by 2032, at a compound annual growth rate (CAGR) of 5.5% during the forecast period (2023-2032).
- The global sternal closure systems market is driven by various factors including rising geriatric populations, prevalence of cardiac diseases, and increasing penetration of key market players.
- Additionally, factors such as raising healthcare awareness, favorable reimbursement policies, technological advancements, and rising average income levels contribute to market growth.
- However, challenges like high device costs, complex surgical procedures, and infection risks hinder market growth, especially in middle-income countries with inadequate healthcare infrastructure and awareness of cardiac diseases.
Segmentation:
- Product Type:
- Closure Devices
- Wires
- Plates Screws
- Clips
- Cables
- Bone Cement
- Procedure Type:
- Median Sternotomy
- Bilateral Thoracosternotomy
- Hemisternotomy
- Others
- Closure Material Type:
- Stainless Steel
- Titanium
- Others
- End-user:
- Hospitals Clinics
- Research Institutes
- Others
Regional Analysis:
- Americas:
- Leading global market due to increasing prevalence of cardiovascular diseases, government initiatives, and advanced medical treatment options.
- Presence of pharmaceutical giants like Pfizer, Merck, etc., further drives market growth.
- Europe:
- Second-largest market with a significant share due to availability of advanced treatment facilities, increasing healthcare expenditure, and growing need for better healthcare infrastructure.
- Cardiovascular diseases are a major concern in Europe, contributing significantly to market growth.
- Asia Pacific:
- Expected to be the fastest-growing market due to the increasing elderly population, prone to metabolic disorders and cardiovascular diseases.
- Faster adaptation of healthcare technology, government initiatives, favorable insurance and reimbursement policies accelerate market growth.
- Middle East and Africa:
- Expected to witness slower growth due to limited access to healthcare facilities and affordability issues.
- Growth in the Middle East driven by countries like Saudi Arabia and the UAE with well-established healthcare infrastructure and awareness of good health practices.
This focus on minimally invasive techniques like the FlatWire Sternal Closure System reflects a broader trend in the sternal closure systems market towards Sternal Fixation. Sternal fixation refers to the process of securing the sternum after surgery to promote proper healing and prevent complications. Traditionally, this involved wires or sutures passed directly through the sternum, which could lead to pain and instability. Minimally invasive techniques like the FlatWire system offer a less disruptive approach to sternal fixation, potentially leading to faster recovery times and improved patient outcomes.
Key Players
The Sternal closure systems companies are Depuy Synthes, Zimmer Biomet Holdings, Orthofix International N.V., AE Medical, Kinamed Incorporated, Abyrx, Jace Medical, Jeil Medical Corporation, and Acute Innovations.
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