As per Zion Market Research, the global sternal closure systems market is projected to register a CAGR of 5.7% during the forecasted period 2019–2025. The expanding base of the elderly population undergoing open-heart surgery by median sternotomy is believed to be one of the key growth stimulants for the global market. The median sternotomy method has remained the most commonly known technique for cardiac exposure so far, due to easy and quick access to heart valves & vessels.
Some of the prominent players in the global market are F. Hoffman-La Roche Ltd.; Pfizer, Inc.; Progenics Pharmaceuticals Inc.; Takeda Pharmaceutical Company Limited; Genentech Inc.; Seattle Genetics Inc.; Novartis AG; Immunogen Inc.; Bayer Healthcare Pharmaceuticals; and Immunomedics, Inc.
Rising Incidence Of Cardiovascular Disease To Boost The Global Sternal Closure Systems Market
High smoking & alcohol intake, sedentary lifestyles, and unhealthy diet are increasing the occurrence of cardiac diseases globally. This is causing a pitch in surgical procedures, which in return, is expected to boost the implementation of sternal closure systems in surgeries during the upcoming years. As per a survey carried by the CDC (Centers for Disease Control and Prevention), in 2016 almost 28.1 million adults across the U.S. were identified with heart disease. Therefore, there is a rise in the number of surgical procedures and is expected to be more in the estimated period which will drive the demand for surgical instruments. The lack of physical activity and poor nutrition augments the peril of heart diseases in the geriatric population. Also, the geriatric population is increasing—who are more vulnerable to chronic cardiovascular diseases—and resulting in a surge in the number of cardiovascular surgeries, thereby stimulating the requirement for sternal closure systems.
The global sternal closure systems market is bifurcated on the basis of product, material, procedure, and regional analysis. Based on the product, the market is divided into sternal closure clips, sternal closure wires, closure devices, sternal closure cables, sternal closure plates & screws, and bone cement. Based on the material, the market is divided into titanium, stainless steel, polyether ether ketone (PEEK), and others. Based on the procedure, the market is divided into hemisternotomy, median sternotomy, bilateral thoracosternotomy, and others.
North America Estimated To Witness Largest Share In The Global Sternal Closure Systems Market
Based on geographical analysis, the global sternal closure systems market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market across the North America region is anticipated to constitute the largest market share due to the existence of a large patient population and well structured medical reimbursement policy. Also, an augment in mutual efforts made by leading players to enhance their product offerings and guarantee high-quality standards is boosting the growth of the market.
This review is based on a report by Zion Market Research, titled “Sternal Closure Systems Market – Segmented By Product (Sternal Closure Wires, Closure Devices, Sternal Closure Clips, Sternal Closure Plates & Screws, Sternal Closure Cables, Bone Cement), Material (Polyether Ether Ketone, Titanium, Stainless Steel, Others), Procedure (Hemisternotomy, Median Sternotomy, Bilateral Thoracosternotomy, Others), And Geography – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025”
The global sternal closure systems market is segmented as follows:
- Sternal Closure Wires
- Sternal Closure Plates and Screws
- Closure Devices
- Sternal Closure Cables
- Sternal Closure Clips
- Bone Cement
- Polyether Ether Ketone (PEEK)
- Stainless Steel
- Median Sternotomy
- Bilateral Thoracosternotomy
- North America
- The U.S.
- The U.K.
- Asia Pacific
- Latin America
- Middle East and Africa
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