Sternal Closure Systems Market Size, Share, Growth by 2030

The forecast for the sternal closure systems market provides valuable insights for stakeholders aiming to strategize their growth. The market is anticipated to expand from US$ 3.88 billion in 2022 to US$ 5.74 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.0% during the period from 2022 to 2030.

Deep sternal wound infections represent one of the most severe complications that patients face following heart surgery. Cardiac and thoracic surgical procedures necessitate the opening of the sternum, and a sternal closure is employed to securely close the sternum after surgeries involving the heart and chest cavity. This closure is a critical procedure that effectively reduces the risk of wound dehiscence. Devices used for sternal closure include plates, wires, screws, and cables, which are typically manufactured from materials such as titanium, PEEK (Polyether Ether Ketone), or stainless steel.

Market Drivers Influencing the Sternal Closure Systems Market

According to a June 2022 article from the National Institute of Health, over 2 million individuals undergo open-heart surgery annually worldwide to address various cardiac conditions. The same source indicates that approximately 400,000 coronary artery bypass graft (CABG) surgeries are performed each year, making it the most common major surgical procedure. This high volume of open-heart surgeries is expected to significantly boost the demand for sternal closure systems, as these devices are essential for rejoining the sternum, thereby driving market growth. Additionally, increased investments in public healthcare infrastructure in developing nations, driven by a rise in noncommunicable diseases and injuries, are likely to enhance the number of surgical procedures in these regions.

Technological advancements in sternotomy techniques, a growing patient population, an increase in surgical procedures, a large elderly demographic undergoing open-heart surgeries, and improved medical reimbursement availability in developed countries are all factors anticipated to further stimulate the demand for sternal closure systems throughout the forecast period.

Segmental Analysis of the Sternal Closure Systems Market

The sternal closure systems market is divided into two primary segments based on product type: closure devices and bone cement. In 2022, the closure devices segment dominated the market and is projected to experience a higher CAGR from 2022 to 2030. Within the closure devices category, there are further subdivisions, including sternal closure wires, plates and screws, clips, and cables.

When categorized by procedure, the market includes median sternotomy, hemisternotomy, bilateral thoracosternotomy, and others. The median sternotomy segment accounted for the largest share of the sternal closure systems market in 2022 and is expected to achieve the highest CAGR from 2022 to 2030. Median sternotomy is often preferred for valve surgeries and reoperations in patients with favorable body types, as it offers better cosmetic results and is less invasive.

From a material perspective, the market is segmented into titanium, PEEK, stainless steel, and other materials. In 2022, the titanium segment held the largest market share, while PEEK is projected to register the highest CAGR from 2022 to 2030.

Regional Analysis of the Sternal Closure Systems Market

In 2022, North America held a significant share of the sternal closure systems market, followed closely by Europe. The increasing number of open-heart surgeries and coronary artery bypass grafting procedures, along with a growing elderly population and advanced healthcare infrastructure, are key factors expected to drive market growth in North America. For instance, the Detroit Medical Center reports that nearly 500,000 individuals in the United States undergo open-heart surgery each year. Additionally, data from the New Jersey Department of Health indicated that 17,291 open-heart surgeries were performed in New Jersey in 2021. Furthermore, the National Center for Biotechnology Information (NCBI) reported that around 15,000 Canadians undergo CABG surgery annually.

The rising elderly population in North America, particularly those at risk for cardiac conditions requiring surgical intervention, is also likely to enhance the demand for sternal closure systems. According to Statistics Canada, the number of seniors in Canada increased from 2,232,871 in 2021 to 2,308,041 in 2022. Similarly, UCAM data from 2022 shows that approximately 12% of Mexico's population is over 60 years old.

In summary, the combination of increasing cardiac surgeries, a growing elderly demographic, and the presence of leading companies in North America is expected to solidify a substantial share of the sternal closure systems market during the forecast period.

Sternal Closure Systems Market Size, Share, Growth by 2030

Market Drivers Influencing the Sternal Closure Systems Market

Segmental Analysis of the Sternal Closure Systems Market

Regional Analysis of the Sternal Closure Systems Market

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