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Sternal Closure Systems Market by Product (Closure Devices (Wire, Plate, Screw, Cable,), Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, Peek, Titanium) - Global Forecast to 2023

Sternal Closure Systems Market by Product (Closure Devices (Wire, Plate, Screw, Cable,), Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, Peek, Titanium) - Global Forecast to 2023

“The sternal closure systems market projected to grow at a CAGR of 5.2%.”
The global sternal closure systems market is projected to reach USD 2.61 billion by 2023 from USD 2.02 billion in 2018, at a CAGR of 5.2%. The increased target patient population coupled with the subsequent increase in the number of surgical procedures, growing availability of medical reimbursements across major markets, and technological advancements in sternotomy techniques are expected to drive the demand for sternal closure systems during the study period. On the other hand, the procedural risks associated with sternal closure and the excise duty, taxes, and legislations for medical devices across the globe may limit market growth during the forecast period.

“The closure devices segment was the largest segment on the basis of products in 2017 ”
The closure devices segment accounted for the larger share of the global sternal clousre systems market in 2017. This can be attributed to factors such as ongoing technological advancements in closure devices, increasing number of complex cardiovascular surgeries, and growing availability of medical reimbursements across developed markets.

“The median sternotomy segment commanded the largest share of the sternal closure systems market in 2017.”
The market is segmented into median sternotomy, hemisternotomy, and bilateral thoracosternotomy on the basis of procedure. In 2017, the median sternotomy segment accounted for the largest share of this market. Rising number of critical patients suffering from cardiovascular diseases, significant availability of reimbursement for critical cardiac surgeries across developed markets, and rising awareness among surgeons about the clinical benefits offered by sternal closure products are the key factors driving the growth of this segment.

“Asia Pacific is expected to register the highest growth rate in the sternal closure systems market”
Geographically, the sternal closure systems market is segmented into North America, Europe, Asia Pacific, and RoW. APAC is projected to be the fastest-growing regional segment in the sternal closure systems market. Rapid growth in the healthcare expenditure in emerging Asian countries, growing adoption of advanced sternum closure techniques among cardiothoracic surgeons, large patient population for target diseases, rapidly growing geriatric and obese population, and increasingly localized device manufacturing are the factors expected to drive the growth of the market in the APAC region.

Breakdown of supply-side primary interviews:
By Company Type - Tier 1 - 45%, Tier 2 - 34% and Tier 3 - 21%
By Designation - - C-level - 14%, Director-level - 10%, Others - 76%
By Region - North America - 40%, Europe - 32%, APAC - 20%, RoW - 8%

As of 2017, some of the major players operating in the sternal closure systems market are DePuy Synthes (US), Zimmer Biomet Holdings (US), and A&E Medical (US), and KLS Martin Group (US), Orthofix International N.V. (US), ABYRX, INC. (US), Acute Innovations (US), Kinamed Incorporated (US), Praesidia Srl (Italy), and IDEAR S.R.L. (Argentina) among others.

Research Coverage

This report studies the sternal closure systems market based on product, procedure, material, and region. The report also studies factors affecting market growth, it analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends. The report forecasts the revenue of market segments with respect to the four key regions and respective countries.

Reasons to Buy the Report:

From an insights perspective, this research report has focused on various levels of analysis— market ranking analysis of top players and company profiles, which together comprise and discuss basic views on the competitive landscape; emerging segments of the sternal closure systems market; and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • SEGMENTS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • MAJOR MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION METHODOLOGY
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET ESTIMATION AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
    • RESEARCH LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • STERNAL CLOSURE SYSTEMS: MARKET OVERVIEW
    • STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2018 VS. 2023 (USD MILLION)
    • STERNAL CLOSURE SYSTEMS MARKET SHARE, BY PROCEDURE, 2018 VS. 2023
    • STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2018 VS. 2023 (USD MILLION)
    • GEOGRAPHICAL SNAPSHOT OF THE STERNAL CLOSURE SYSTEMS MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • MARKET DRIVERS
        • Table KEY REIMBURSEMENT CODES FOR STERNAL CLOSURE (AS OF 2017)
      • MARKET RESTRAINTS
      • MARKET OPPORTUNITIES
      • MARKET CHALLENGES
  • STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT
    • INTRODUCTION
      • Table STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
    • CLOSURE DEVICES
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY TYPE, 2016-2023 (USD MILLION)
      • Table GLOBAL STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPEAN STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • WIRES
        • Table GLOBAL STERNAL CLOSURE SYSTEMS MARKET FOR WIRE CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
        • Table STERNAL CLOSURE SYSTEMS MARKET FOR WIRE CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR WIRE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPEAN STERNAL CLOSURE SYSTEMS MARKET FOR WIRE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR WIRE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • PLATES & SCREWS
        • Table GLOBAL STERNAL CLOSURE SYSTEMS MARKET FOR PLATE & SCREW CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
        • Table STERNAL CLOSURE SYSTEMS MARKET FOR PLATE & SCREW CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR PLATE & SCREW CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPEAN STERNAL CLOSURE SYSTEMS MARKET FOR PLATE & SCREW CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR PLATE & SCREW CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • CABLES
        • Table GLOBAL STERNAL CLOSURE SYSTEMS MARKET FOR CABLE CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
        • Table STERNAL CLOSURE SYSTEMS MARKET FOR CABLE CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR CABLE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPEAN STERNAL CLOSURE SYSTEMS MARKET FOR CABLE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR CABLE CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
      • CLIPS
        • Table GLOBAL STERNAL CLOSURE SYSTEMS MARKET FOR CLIP CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
        • Table STERNAL CLOSURE SYSTEMS MARKET FOR CLIP CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR CLIP CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPEAN STERNAL CLOSURE SYSTEMS MARKET FOR CLIP CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR CLIP CLOSURE DEVICES, BY COUNTRY, 2016-2023 (USD MILLION)
    • BONE CEMENT
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR BONE CEMENT, BY REGION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET FOR BONE CEMENT, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE STERNAL CLOSURE SYSTEMS MARKET FOR BONE CEMENT, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table APAC STERNAL CLOSURE SYSTEMS MARKET FOR BONE CEMENT, BY COUNTRY, 2016-2023 (USD MILLION)
  • STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE
    • INTRODUCTION
      • Table STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2016-2023 (USD MILLION)
    • MEDIAN STERNOTOMY
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR MEDIAN STERNOTOMY, BY REGION, 2016-2023 (USD MILLION)
    • HEMISTERNOTOMY
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR HEMISTERNOTOMY, BY REGION, 2016-2023 (USD MILLION)
    • BILATERAL THORACOSTERNOTOMY
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR BILATERAL THORACOSTERNOTOMY, BY REGION, 2016-2023 (USD MILLION)
  • STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL
    • INTRODUCTION
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
    • STAINLESS STEEL
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR STAINLESS STEEL-BASED CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
    • POLYETHER ETHER KETONE (PEEK)
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR PEEK-BASED CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
    • TITANIUM
      • Table STERNAL CLOSURE SYSTEMS MARKET FOR TITANIUM-BASED CLOSURE DEVICES, BY REGION, 2016-2023 (USD MILLION)
  • STERNAL CLOSURE SYSTEMS MARKET, BY REGION
    • INTRODUCTION
      • Table STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
      • US
        • Table KEY REIMBURSEMENT CODES FOR STERNAL CLOSURE IN THE US (AS OF 2017)
        • Table US: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2016-2023 (USD MILLION)
      • Table EUROPE: STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • UK
        • Table UK: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • REST OF EUROPE (ROE)
        • Table ROE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
    • ASIA PACIFIC (APAC)
      • Table ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC (ROAPAC)
        • Table ROAPAC: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table ROW: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2016-2023 (USD MILLION)
      • Table ROW: STERNAL CLOSURE SYSTEMS MARKET FOR CLOSURE DEVICES, BY MATERIAL, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • GLOBAL MARKET RANKING (2017)
      • Table STERNAL CLOSURE SYSTEMS MARKET RANKING, BY KEY PLAYERS (2017)
    • COMPETITIVE SCENARIO
      • KEY PRODUCT LAUNCHES, 2015-2018
      • KEY MERGERS AND ACQUISITIONS, 2015-2018
  • COMPANY PROFILES
    • DEPUY SYNTHES (A PART OF JOHNSON & JOHNSON)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ZIMMER BIOMET HOLDINGS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2015-2018)
      • MNM VIEW
    • KLS MARTIN GROUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2015-2018)
      • MNM VIEW
    • ACUTE INNOVATIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ORTHOFIX INTERNATIONAL N.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • A&E MEDICAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS (2015-2018)
      • MNM VIEW
    • IDEAR S.R.L
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • PRAESIDIA SRL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • KINAMED INCORPORATED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • MEDIA GROUP AUSTRALIA PTY LTD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • JACE MEDICAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • ABYRX
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • DISPOMEDICA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • JEIL MEDICAL CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • CHANGZHOU WASTON MEDICAL APPLIANCE COMPANY LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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