The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s sternal closure systems market report forecasts the sternal closure systems market size to grow to $2.79 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Sternal Closure Systems Market Report 2023 – https://www.thebusinessresearchcompany.com/report/sternal-closure-systems-global-market-report

Sternal Closure Systems Market Size Forecast
The global sternal closure systems market is expected to grow from $2.15 billion in 2022 to $2.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.74%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global sternal closure system market size is expected to reach $2.79 billion in 2027 at a CAGR of 5.17%.

North America held the largest sternal closure systems market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Sternal Closure Systems Market Driver ­– Increase In The Prevalence Of Cardiovascular Diseases
According to data published in the Journal of the American College of Cardiology by the American College of Cardiology, a non-profit medical society based in the United States, the risk of stroke is anticipated to rise by 33.8% to 15 million people between 2025 and 2060. Furthermore, the risk of heart failure is anticipated to rise by 33.4% to 13 million people between 2025 and 2060, heart disease by 30.7% to 29 million people, and heart attack by 16.9% to 16 million people. As a result, the rising frequency of cardiovascular illnesses is boosting the market for sternal closure systems.

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Key Sternal Closure Systems Market Trend – Product Innovations
To maintain its market position, major industry players are launching revolutionary goods such as Valkyrie thoracic fixation systems. For example, Able Medical Devices, a US-based maker of cardiothoracic equipment, will debut the Valkyrie Thoracic Fixation System in June 2021 for osteotomy and sternum closure after open heart surgery. The product’s distinguishing feature is that it is the market’s first single-use radiolucent plating system that is extremely effective in open-heart procedures.

Sternal Closure Systems Market Segment
1) By Product: Closure Devices, Bone Cement
2) By Procedure: Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, Other Procedures
3) By Material: Titanium, Polyether Ether Ketone (PEEK), Stainless Steel, Other Materials
4) By End User: Hospitals and Clinics, Research Institutes, Other End Users

Sternal Closure Systems Market Major Players and Strategies
Major players in the sternal closure systems market are Zimmer Biomet Holdings Inc., Johnson and Johnson Services Inc., B. Braun Melsungen AG, Orthofix Holdings Inc., KLS Martin Group, A&E Medical Corporation, Jace Medical LLC., Acute Innovations LLC., Abyrx Inc., Kinamed Incorporated  , Idear SRL,, Dispomedica GmbH, Waston Medical Corporation, Jeil Medical Corporation,, Figure 8 Surgical, and Stryker Corporation.

Zimmer Biomet Holdings Inc., a medical device business based in the United States, acquired A&E Medical Corporation in December 2020 for $150 million in cash at closure and $100 million in cash payable in the following year. This acquisition complements Zimmer Biomet’s current portfolio and will assist the company in improving and expanding its product offerings. A&E Medical Corporation is a surgical product producer based in the United States with a specialised portfolio of sternal closure devices.

The Sternal Closure Systems Global Market Report 2023 covers regional data on sternal closure systems market size, sternal closure systems market trends and drivers, opportunities, strategies, and sternal closure systems market competitor analysis. The countries covered in the sternal closure systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A sternal closure system is a medical device or procedure for closing the sternum, a bone in the centre of the chest that protects the heart and lungs. These systems are used to shut the chest after it has been opened during heart surgery or open-chest surgery.

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