Sternal Closure Systems Market 2025 to Grow at 21.2 CAGR with 2,216.1 USD million Market Size: Analysis and Forecasts 2033

Key Insights

The size of the Sternal Closure Systems Market was valued at USD 2,216.1 USD million in 2023 and is projected to reach USD XXX USD million by 2032, with an expected CAGR of 21.2% during the forecast period. Sternal closure systems refer to the medical devices and techniques used to close the sternum (breastbone) after a surgical procedure, such as open-heart surgery. These systems are crucial for ensuring the stability and proper healing of the chest cavity after the sternum is surgically divided to access the heart or other thoracic organs. Various types of sternal closure systems are available, including wire, plate, and adhesive-based methods, each offering distinct advantages in terms of ease of use, strength, and patient recovery. The market for these systems is driven by the increasing number of cardiac surgeries worldwide, technological advancements in surgical tools, and a growing focus on improving post-operative outcomes and reducing complications like sternal wound infections or non-union. This burgeoning growth is attributed to several key factors, including the adoption of advanced techniques that offer superior patient outcomes, increasing preference for minimally invasive procedures, and a rising geriatric population with higher susceptibility to cardiovascular diseases. The market is also driven by growing awareness about the benefits of sternal closure systems, such as reduced post-operative pain, quicker recovery time, and improved overall patient experience. 

Sternal Closure Systems Market Trends

The Sternal Closure Systems Market has witnessed a paradigm shift in recent years, influenced by several pivotal factors. The rising demand for minimally invasive surgical procedures has revolutionized the market, as sternal closure systems offer a less invasive and more efficient alternative to traditional open-heart surgery. Technological advancements have also played a crucial role in boosting market growth, with the advent of innovative materials, such as PEEK (polyetheretherketone), offering superior strength, flexibility, and biocompatibility. In addition, rising healthcare expenditure and increasing government support for cardiovascular research and development have further propelled the industry forward.

Driving Forces: What's Propelling the Sternal Closure Systems Market

The Sternal Closure Systems Market is driven by a confluence of factors, each contributing to its robust growth trajectory. The increasing prevalence of cardiovascular diseases, particularly among the aging population, has necessitated the advancement of surgical techniques and technologies. Sternal closure systems offer a minimally invasive approach that reduces post-operative pain, shortens recovery time, and diminishes the risk of complications. Moreover, the rising adoption of minimally invasive cardiac surgery (MICS) has led to a surge in demand for sternal closure systems, as they are specifically designed for MICS procedures. Furthermore, government initiatives and funding for research and development in cardiovascular healthcare have fostered innovation and spurred market expansion.

Challenges and Restraints in Sternal Closure Systems Market

Despite the promising market outlook, the Sternal Closure Systems Market faces certain challenges and restraints that hinder its growth. The high cost associated with sternal closure systems and surgical procedures can limit accessibility to some patients. Additionally, the need for specialized training and expertise to perform MICS procedures may pose challenges in some healthcare settings. Furthermore, stringent regulatory requirements and the risk of complications associated with sternal closure systems may slow down market adoption. Moreover, variations in reimbursement policies across different healthcare systems can impact the affordability and utilization of these systems.

Key Region or Country & Segment to Dominate the Market

North America has emerged as the dominant region in the Sternal Closure Systems Market, capturing a substantial market share due to its advanced healthcare infrastructure, widespread adoption of minimally invasive surgical techniques, and high prevalence of cardiovascular diseases. The United States alone holds a significant portion of the North American market, driven by its large patient population, well-established healthcare system, and ongoing research and development in cardiovascular technologies.

Growth Catalysts in Sternal Closure Systems Industry

Several growth catalysts are poised to fuel the expansion of the Sternal Closure Systems Industry. The increasing geriatric population with a higher risk of cardiovascular diseases is a major factor driving market demand. Government initiatives and healthcare reforms aimed at expanding access to healthcare services will further stimulate industry growth. Moreover, technological advancements, such as the development of bioabsorbable and self-locking sternal closure devices, are expected to enhance market prospects. The growing adoption of robotics in surgical procedures is also anticipated to provide a boost to the industry.

Sternal Closure Systems Market Segmentation

• 1. Product
  • 1.1. Closure Devices
  • 1.2. Bone Cement
• 2. Procedure
  • 2.1. Median Sternotomy
  • 2.2. Bilateral Sternotomy
  • 2.3. Hemisternotomy
• 3. Material
  • 3.1. Stainless Steel
  • 3.2. Titanium
  • 3.3. PEEK

Leading Players in the Sternal Closure Systems Market

• Johnson and Johnson Services Inc. (U.S.)
• Zimmer Biomet (U.S.)
• KLS Martin Group (Germany)
• B Braun Medical (Germany)
• Stryker (U.S.)

Significant Developments in Sternal Closure Systems Sector

The Sternal Closure Systems Sector has witnessed notable developments in recent years:

• 2021: Medtronic launched the Embrace Stapling System, a novel sternal closure system designed to enhance patient outcomes after median sternotomy.
• 2022: DePuy Synthes, a Johnson & Johnson company, received FDA clearance for its Sternalock Sternal Closure System, offering a minimally invasive alternative for sternal closure.
• 2023: Kinamed Incorporated secured a strategic investment to accelerate the development and commercialization of its innovative sternal closure devices.

Comprehensive Coverage Sternal Closure Systems Market Report

This comprehensive Sternal Closure Systems Market Report provides an in-depth analysis of the industry, covering:

• Market Size and Forecast: A detailed assessment of the market size, historical trends, and future projections, providing a comprehensive overview of the industry's growth trajectory.
• Competitive Landscape: An examination of the competitive dynamics, market share analysis, and profiles of key players, offering insights into their strategies, product portfolios, and financial performance.
• Market Segmentation: A thorough segmentation of the market based on product, procedure, material, and end-use, highlighting the growth potential of each segment.
• Regional Analysis: A comprehensive analysis of the market across key regions, including North America, Europe, Asia-Pacific, and Rest of the World, providing insights into regional market dynamics and growth drivers.
• Industry Trends and Drivers: An exploration of the key trends and factors shaping the industry's growth, including technological advancements, regulatory changes, and reimbursement policies.

DROCT

The Digital Research and Optimization of Clinical Trials (DROCT) has gained immense traction in the Sternal Closure Systems Industry. DROCT leverages advanced analytics and machine learning algorithms to optimize clinical trial design, conduct, and analysis, leading to improved efficiency and cost-effectiveness.

Pricing Analysis

The pricing analysis in the Sternal Closure Systems Market Report provides insights into the pricing strategies adopted by key players. It examines factors influencing pricing, such as material costs, manufacturing processes, and competitive dynamics, helping stakeholders make informed pricing decisions.

Import And Export Analysis

The Import and Export Analysis in the Sternal Closure Systems Market Report offers a comprehensive understanding of the global trade dynamics. It analyzes import and export volumes, values, and trends, providing insights into the major trading partners and the impact of international trade on the industry.

Patent/Trademark Analysis

The Patent/Trademark Analysis in the Sternal Closure Systems Market Report examines the intellectual property landscape. It identifies key patents and trademarks, providing insights into the innovative technologies and brand strategies adopted by industry players.