SternalClosure Systems Market, by Product Type (Closure Devices and Bone Cement),by Material Type (Stainless Steel, PEEK, and Titanium), by Procedure (MedianSternotomy, Hemisternotomy, and Bilateral Thoracosternotomy), by End User(Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Sternal closure systems are usedfor closing the sternum or the breastbone after sternal reconstructive surgicalprocedures. The system is also used to fix and stabilize anterior chest walland promote fusion.
Sternal Closure Systems Market:Dynamics
Increasing prevalence ofcardiovascular diseases is a major factor propelling demand for sternal closuresystems. According to a report by the American Heart Association (AHA), 2015,around 84 million people in the U.S. suffered from some or the other form ofcardiovascular disease (CVD) in 2017 and around 130 million adults constitutingover 45% of the country’s population, are estimated to suffer from at least oneCVD by 2035. Moreover, launch of innovative devices to produce tight closureand stable union at sternum for patients undergoing cardiothoracic surgery isalso expected to boost the market growth. For instance, in 2015, the U.S. FDAapproved the Grand Pre Monoblock Closure System developed by JACE Medical, LLC.The rigid closure system is biocompatible and uses ratchet technology to closethe space tightly and promote healing.
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Similarly, in 2013, RTI Surgicallaunched, Tritium Sternal Cable Plating (SCP) system designed for the closureof median sternotomies following open-heart surgeries. The system combinescerclage cables and cancellous screws, with a low profile plate.
However, post-operativecomplications associated with the use of wiring and plating techniques inhigh-risk patients is expected to hinder the market growth.
Sternal Closure Systems Market:Regional Analysis
North America is expected to holddominant position in the global sternal closure systems market, owing toincreasing number of heart surgeries performed in treatment of cardiovasculardiseases. According to the study published by American Heart Association,around 700,000 open-heart surgeries are performed annually in the U.S.
Furthermore, increasing approvalsfor novel sternal closure systems are expected to boost the market growth. Forinstance, in 2013, Dallen Medical, Inc. received FDA 510(k) clearance for apolymer coated Compressyn Band for sternal closure, thereby offering polymercoating to the sternal closure systems.
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Sternal Closure Systems Market:Key Players
Major players in the globalsternal closure systems market are focused on adopting merger and acquisitionstrategies to enhance their market share. For instance, in 2017, Vance StreetCapital LLC and A&E Medical Corporation acquired RTI Surgical’sCardiothoracic Closure business, thereby gaining access to RTI’s cable-basedplate products, including Tritium SPC System and the advanced sternal cable.
Key players operating in theglobal sternal closure systems market include, DePuy Synthes, Zimmer BiometHoldings, KLS Martin Group, A&E Medical, Orthofix International N.V.,Kinamed Incorporated, Abyrx, Inc., Acute Innovations LLC, Praesidia SRL, andIdear SRL.
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