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Sternal Closure Systems Market by Product (Bone Cement, Closure Devices), Material (Polyether Ether Ketone, Stainless Steel, Titanium), Procedure - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 181 Pages
SKU # IRE18450709

Description

Sternal Closure Systems Market by Product (Bone Cement, Closure Devices), Material (Polyether Ether Ketone, Stainless Steel, Titanium), Procedure - Global Forecast 2024-2030


The Sternal Closure Systems Market size was estimated at USD 2.37 billion in 2023 and expected to reach USD 2.66 billion in 2024, at a CAGR 12.74% to reach USD 5.50 billion by 2030.

Global Sternal Closure Systems Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Sternal Closure Systems Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Sternal Closure Systems Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Sternal Closure Systems Market, highlighting leading vendors and their innovative profiles. These include Acumed Ltd, Arthrex, Inc., B. Braun Melsungen AG, Conecto S.r.l, Dispomedica GmbH, GE Healthcare Inc., Griffiths and Nielsen Ltd, Idear S.R.L, Jace Medical, LLC, Jeil Medical Corporation, Johnson & Johnson Services, Inc., KLS Martin Group, Medline Industries, Inc., Medtronic PLC, and Palex Medical SA.

Market Segmentation & Coverage

This research report categorizes the Sternal Closure Systems Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Bone Cement
Closure Devices
Sternal Closure Cables

Sternal Closure Clips

Sternal Closure Plates & Screws

Sternal Closure Wires
Material
Polyether Ether Ketone
Stainless Steel
Titanium
Procedure
Bilateral Thoracosternotomy
Hemisternotomy
Median Sternotomy
Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas
Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam
Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Sternal Closure Systems Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Sternal Closure Systems Market?
3. What are the technology trends and regulatory frameworks in the Sternal Closure Systems Market?
4. What is the market share of the leading vendors in the Sternal Closure Systems Market?
5. Which modes and strategic moves are suitable for entering the Sternal Closure Systems Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

181 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Sternal Closure Systems Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing elderly population undergoing open-heart surgery via median sternotomy globally
5.1.1.2. Growing number of surgical procedures taking place worldwide
5.1.1.3. Availability of favorable reimbursement policies across major regions
5.1.2. Restraints
5.1.2.1. Shortage of skilled surgeons and technicians with expertise
5.1.3. Opportunities
5.1.3.1. Ongoing technological advancements in sternotomy techniques
5.1.3.2. Growing funding in the research and development activities for sternal closure procedures
5.1.4. Challenges
5.1.4.1. Concerns with risks during surgical procedures
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Sternal Closure Systems Market, by Product
6.1. Introduction
6.2. Bone Cement
6.3. Closure Devices
6.4.1. Sternal Closure Cables
6.4.2. Sternal Closure Clips
6.4.3. Sternal Closure Plates & Screws
6.4.4. Sternal Closure Wires
7. Sternal Closure Systems Market, by Material
7.1. Introduction
7.2. Polyether Ether Ketone
7.3. Stainless Steel
7.4. Titanium
8. Sternal Closure Systems Market, by Procedure
8.1. Introduction
8.2. Bilateral Thoracosternotomy
8.3. Hemisternotomy
8.4. Median Sternotomy
9. Americas Sternal Closure Systems Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Sternal Closure Systems Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Sternal Closure Systems Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Acumed Ltd
13.1.2. Arthrex, Inc.
13.1.3. B. Braun Melsungen AG
13.1.4. Conecto S.r.l
13.1.5. Dispomedica GmbH
13.1.6. GE Healthcare Inc.
13.1.7. Griffiths and Nielsen Ltd
13.1.8. Idear S.R.L
13.1.9. Jace Medical, LLC
13.1.10. Jeil Medical Corporation
13.1.11. Johnson & Johnson Services, Inc.
13.1.12. KLS Martin Group
13.1.13. Medline Industries, Inc.
13.1.14. Medtronic PLC
13.1.15. Palex Medical SA
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. STERNAL CLOSURE SYSTEMS MARKET RESEARCH PROCESS
FIGURE 2. STERNAL CLOSURE SYSTEMS MARKET SIZE, 2023 VS 2030
FIGURE 3. STERNAL CLOSURE SYSTEMS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. STERNAL CLOSURE SYSTEMS MARKET DYNAMICS
FIGURE 7. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY MATERIAL, 2023 VS 2030 (%)
FIGURE 10. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY MATERIAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY PROCEDURE, 2023 VS 2030 (%)
FIGURE 12. STERNAL CLOSURE SYSTEMS MARKET SIZE, BY PROCEDURE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES STERNAL CLOSURE SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES STERNAL CLOSURE SYSTEMS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA STERNAL CLOSURE SYSTEMS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. STERNAL CLOSURE SYSTEMS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. STERNAL CLOSURE SYSTEMS MARKET SHARE, BY KEY PLAYER, 2023

Pricing

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