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The sternal closure systems market size is forecast to increase by USD 584.9 million, at a CAGR of 5.1% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in perioperative management and the ongoing quest for improved outcomes in various sectors. Sternal closure techniques, such as sutureless sternal fixation and wire fixation devices, are gaining traction due to their potential to reduce complications and enhance post-operative sternal stability. Biomechanical properties, including suture material selection and sternal wound closure time, are critical considerations in ensuring long-term stability and cost-effectiveness. Chest wall reconstruction and surgical approach selection are also key factors influencing market dynamics. Sternal closure time reduction and operative time optimization are essential for surgical teams seeking to improve patient outcomes and reduce hospital stays.
Implant biocompatibility and surgical technique refinement are ongoing areas of focus for manufacturers, with implant design optimization and sternal closure materials playing crucial roles in enhancing implant strength and stability. Sternal fracture repair and sternal dehiscence prevention are also significant applications for sternal closure systems, with a growing emphasis on minimizing complications and ensuring robust implant performance. Thoracic surgery instruments continue to advance, enabling more precise and effective sternal closure procedures. The market's continuous unfolding is shaped by ongoing research and development efforts, with a focus on implant biocompatibility, long-term stability assessment, and cost-effectiveness analysis.
The sternal closure systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The closure devices segment is estimated to witness significant growth during the forecast period.
The market is witnessing significant growth, with the closure devices segment holding the largest market share in 2023. This segment's expansion is attributed to the development of advanced products and refined surgical techniques. Closure devices, such as wires, plates, screws, cables, and clips, provide numerous advantages, including improved stability and a reduced risk of complications like sternal instability and infection post-sternotomy procedures. The escalating prevalence of cardiovascular diseases and the increasing number of open-heart surgeries are fueling demand for these devices. In the pursuit of better patient outcomes and streamlined surgical processes, the closure devices segment is poised to expand further, bolstered by continuous research and development efforts aimed at enhancing product efficacy and safety.
Biomechanical properties, suture material selection, and suture strength requirements are crucial factors influencing the design and optimization of sternal closure devices. Sternal wound closure, chest wall reconstruction, and complication reduction strategies are also essential considerations in the development of these systems. Operative time reduction, surgical approach selection, long-term stability assessment, cost-effectiveness analysis, and sternal dehiscence prevention are other key areas of focus in the market. Robotic sternal closure and implant biocompatibility are emerging trends in the field, offering potential benefits like enhanced patient recovery and reduced surgical complications. Sternal closure strength and surgical sternal fixation are essential aspects of implant design optimization.
The market's dynamics are shaped by factors like implant design optimization, surgical technique refinement, and sternal stability assessment.
The Closure devices segment was valued at USD 1091.20 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American market is experiencing notable growth, with significant contributions from the US and Canada. Factors such as the rise in heart-related conditions, advancements in surgical procedures, and medical reimbursement policies are driving market expansion. Companies are leveraging digital marketing strategies, including social media and celebrity endorsements, to promote their products. Sternal closure techniques continue to evolve, with sutureless fixation and wire devices gaining popularity due to their biomechanical advantages. Sternal wound closure and chest wall reconstruction are key areas of focus, with a priority on complication reduction and post-operative sternal stability. Long-term stability assessment and cost-effectiveness analysis are crucial factors in implant selection.
Surgical approach selection, implant design optimization, and material selection are essential for surgical technique refinement. Robotic sternal closure is an emerging trend, offering enhanced patient recovery and improved sternal closure strength. Sternal fracture repair and implant biocompatibility are critical considerations for companies, as they strive to meet the evolving needs of the thoracic surgery community.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is witnessing significant growth due to the increasing adoption of minimally invasive surgical techniques in thoracic surgery. Minimally invasive sternal closure techniques, such as plate and screw systems, offer several advantages over traditional sutured closures. These techniques provide enhanced biomechanical properties, ensuring post-operative sternal stability. The plate and screw system's biomechanics are based on the principles of rigid fixation, which reduces the risk of sternal dehiscence. Suture material tensile strength requirements are crucial in ensuring the effectiveness of sutureless sternal fixation devices. Biocompatibility testing protocols are essential to ensure the safety and efficacy of suture materials and devices. Post-operative sternal stability assessment is crucial in evaluating the success of sternal closure systems. Surgical site infection prevention protocols are essential to minimize the risk of complications. Operative time reduction is another significant advantage of minimally invasive sternal closure techniques. Robotic sternal closure surgical techniques offer increased precision and accuracy, reducing the risk of complications. Cost-effectiveness is a critical factor in the adoption of minimally invasive approaches, making them an attractive option for healthcare providers. Clinical data on the effectiveness of sternal closure devices are essential in guiding the selection of the most appropriate system. Sternal closure complications, such as infection, dehiscence, and pain, can significantly impact patient outcomes. Enhanced patient recovery pathways are essential in minimizing the length of hospital stays and improving patient satisfaction. Surgical technique refinement is an ongoing process in the development of sternal closure systems. Post-operative pain management protocols are essential in ensuring patient comfort and reducing the risk of complications. Market research reports suggest that the market is expected to grow significantly in the coming years, driven by the increasing adoption of minimally invasive techniques and the development of innovative devices.
The sternal closure systems market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the sternal closure systems market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, sternal closure systems market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Abyrx Inc. - The company specializes in providing sternal closure systems, including the innovative MONTAGE Settable Bone Putty, which sets industry standards for effective and efficient bone repair solutions.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Sternal Closure Systems Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
131 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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Market growth 2024-2028 |
USD 584.9 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
4.8 |
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Key countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this sternal closure systems market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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