Global Sternal Closure Systems Market Insights
Global Sternal Closure Systems Market Size was valued at US$ 2.09 billion in 2021, and it is expected to reach a value of US$ 3.39 billion by 2028, at a CAGR of 5.93% over the forecast period (2022 - 2028).
Sternal closures are designed to be used in both stabilizing and fixing the fractures of the anterior chest wall. The systems are used to fixate the sternum after sternotomies and sternal reconstructive surgeries in order to encourage fusion. The median sternotomy is the widely used technique for cardiac procedures because it provides quick and easy access to heart valves and arteries. Sternotomies and sternal closure are procedures done both prior to and during heart surgery.
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Global Sternal Closure Systems Market Segmental Analysis
Global Sternal Closure Systems Market segmentation is based on product, material, and region. Based on product the market is segmented into sternal closure devices and bone cement. Based on material the market is segmented into stainless steel, polyether ether ketone (peek), titanium, and others. Based on region the global sternal closure systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
- By Product:Sternal Closure Devices, Bone Cement
- By Material:Stainless Steel, Polyether Ether Ketone (Peek), Titanium, Others
Global Sternal Closure Systems Market Competitive Landscape
The main market participants for sternal closure systems are concentrating on implementing mergers, partnerships, collaborations & acquisition tactics to increase their revenue. These major players are coming up with new advancements and strategies in sternal closure devices to boost their market share. In 2021, The Valkyrie Thoracic Fixation System was introduced by Able Medical Devices. Following open-heart surgery, it is the first single-use radiolucent plating device created to span the osteotomy and close the sternum.
Top Players Company Profiles
- Zimmer Biomet (US)
- Medical Devices Business Services, Inc. (US)
- KLS Martin Group (Germany)
- Acute Innovations LLC (US)
- IDEAR S.R.L (Argentina)
- A&E Medical Corporation (US)
- Praesidia (Italy)
- Kinamed Incorporated (US)
- JACE Medical, LLC (US)
- Dispomedica (Germany)
- ABYRX, INC. (US)
- JEIL MEDICAL CORPORATION (South Korea)
- Changzhou Waston Medical Appliance Co., Ltd. (China)
- Teleflex Incorporated (US)
- B. Braun Melsungen AG (Germany)
- Sklar Surgical Instruments (US)
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Recent Development
- In June 2021, The ValkyrieTM Thoracic Fixation System was introduced by Able Medical Devices. The device is the very first single-use radiolucent plating system on the market that is intended just for use following open-heart surgery to span the osteotomy and seal the sternum.
- In March 2021, Montage Bone Putty, a pipeline medical product from Abyrx Inc., is a settable, re-absorbable hemostatic bone putty. It is currently undergoing Phase 2 clinical trials to compare how well cardiac patients with medical sternotomies heal after surgery using montage putty and conventional wires vs. traditional wires alone.
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