Sternal Closure Systems Market To Reach $3.85 Billion By 2030

Sternal Closure Systems Market Growth & Trends

The global sternal closure systems market size is expected to reach USD 3.85 billion by 2030, expanding at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is driven by the growing number of surgeries undertaken to treat complex cardiovascular problems. For instance, according to the data published by the Centers for Disease Control and Prevention (CDC), around 30.3 million or 12.1% of the U.S. adults were diagnosed with heart disease in 2018.

The National Health Interview Survey conducted by Centers for Disease Control and Prevention (CDC) in 2016 concluded that 28.1 million people were diagnosed with heart-related disorders, including valvular heart disease and cardiac arrest. Moreover, technological advancements such as Talon systems, double sternal wires, and favorable reimbursement criteria would propel growth in the near future.

Mergers & acquisitions, new product development, and geographical expansion are key sustainability strategies adopted by players in the sternal closure systems market. For instance, in December 2020, Zimmer Biomet Holdings Inc., acquired A&E Medical Corporation to gain access to its sternal closure device portfolio, ensuring long-term growth.

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Sternal Closure Systems Market Report Highlights

• North America dominated the market in 2023, attributed to the presence of a large number of players and high competition rivalry in the market

• By product, the closure devices segment held a majority share of the global market in 2023, owing to the introduction of technologically advanced clips and wires globally, and favorable reimbursement regulations offered by developed regions such as North America and Europe

• By procedure, the median sternotomy segment dominated the market in 2023, as it is among the most frequently performed osteotomies worldwide

• By material, the PEEK segment is anticipated to post significant growth over the coming years due to several benefits offered by the material, including biocompatibility, chemical resistance, end-product purity, high-temperature resistance, and thermoformable nature

Sternal Closure Systems Market Segmentation

Grand View Research has segmented the global sternal closure systems market report based on type, procedure, material type, and region

Sternal Closure Systems Type Outlook (Revenue, USD Million, 2018 - 2030)

• Closure Devices

• Bone Cement

Sternal Closure Systems Procedure Outlook (Revenue, USD Million, 2018 - 2030)

• Median Sternotomy

• Hemisternotomy

• Bilateral Thoracosternotomy

• Others

Sternal Closure Systems Material Type Outlook (Revenue, USD Million, 2018 - 2030)

• Stainless Steel

• Polyether Ether Ketone (PEEK)

• Titanium

• Others

Sternal Closure Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Norway

  • Sweden

  • Denmark

• Asia Pacific

  • China

  • Japan

  • India

  • Thailand

  • South Korea

  • Australia

• Latin America

  • Mexico

  • Brazil

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Sternal Closure Systems Market

• Zimmer Biomet

• Johnson & Johnson

• B. Braun Melsungen AG

• Orthofix Holdings, Inc.

• GE Healthcare

• KLS Martin Group

• A&E Medical Corporation

• Jace Medical, LLC

• Acute Innovations

• Abyrx, Inc.

• Kinamed Incorporated