Sternal Closure Systems Market to Showcase Robust Growth By Forecast to 2033

According to the Market Statsville Group (MSG), Global Sternal closure systems Market was valued at USD 2800 million in 2023 and is expected to grow from USD 2913 million in 2024 to USD 2520 million by 2033, by exhibiting a CAGR of 4.04% during the forecast period (2024-2033)

The medical devices used to close the sternum and stabilize it after thoracic or cardiac surgeries, including CABG and heart valve replacement, are sternal closure systems. Proper closure of the sternum is essential for the success of such procedures since it helps ensure proper healing and reduces the possibility of complications. There are four different types of sternal closure systems in the market, namely, wire closure systems, plate and screw systems, sternal bonding systems, and sternal slaps. Growth within this market is fairly reasonable globally although diverse between the regions. The market shares of North America and Europe have the highest share due to the advanced state of healthcare infrastructure and high surgical volumes. The Asia-Pacific region is also growing rapidly as healthcare investments are increasing along with cardiac surgery rates. Advanced materials are being used as bio-compatible polymers and titanium alloys for better stability and reduced risk of complications in patients. New techniques and technologies are under research for the development of an effective and safe sternal closure system. They include less invasive methods taking into account reduced surgical trauma devices.

Furthermore, rising rates of cardiovascular diseases and an aged population are compelling the requirement for cardiac surgeries, thus encouraging demand for sternal closure systems. Growth in healthcare infrastructure in emerging markets such as Asia-Pacific and Latin America increases the number of cardiac procedures and thus creates huge growth opportunities in the market. There is a significant concern among medical professionals to reduce postoperative infections and complications. These factors have led to the increased utilization of superior infection control and rapid recovery systems. The concepts of new emerging ideas include patient comfort and the least amount of postoperative pain, which could lead to good outcomes as well as rapid recovery. The sternal closure systems, including the devices, are regulated and overseen by regulatory bodies such as the U.S. FDA, European Medicines Agency (EMA), and other regional apparatuses of these agencies. Strict standards for the safety, efficacy, and quality control of materials are imposed during the manufacturing of sternal closure systems. This influences market dynamics and; hence, product development.

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Scope of the Sternal Closure Systems Market

The study categorizes the sternal closure systems market based on type, material, and application area at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

• Wire Closure Systems
• Plate and Screw Systems
• Sternal Bonding Systems
• Sternal Staples

By Material Outlook (Sales, USD Million, 2019-2033)

• Metal
• Stainless Steel
• Titanium
• Polymer
• Biodegradable Polymers
• Non-Biodegradable Polymers
• Adhesives
• Bio-Compatible Glues

By Application Outlook (Sales, USD Million, 2019-2033)

• Coronary Artery Bypass Grafting (CABG)
• Heart Valve Replacement
• Aortic Surgery
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Coronary Artery Bypass Grafting (CABG) segment accounts for the largest market share by Application

Based on the application, Cardiac surgical procedure known as coronary artery bypass grafting is the most popular type of heart surgery used to treat CAD. CAD happens when blood vessels known as coronary arteries that bring blood to the heart muscles are restricted or closed. CABG entails the removal of a healthy blood vessel from another part of the body and is used to redirect the blood around the blockage in the heart muscle. Stainless steel wires are that which is usually used to suture the sternum once it has been cracked open to access the heart, also known as sternotomy. These wires are spiraled around the sternum and then twisted to lock the bone firmly into position. In cases of bad bone stock or in situations where a more rigid fixation is needed, plating systems made from titanium alloy may be employed. The methods of sternal closure below are more rigid and can help to minimize the occurrence of sternal dehiscence. Experimental biodegradable implants and other materials, that stimulate bone growth, are also being developed to enhance the experiences of the patients. Sternum, which is the bone, should be ably closed to ensure that such a structure stays rigid, especially during the initial days of healing. A secure closure minimizes pain and discomfort experienced after the operation, check. It means that a stable sternum is least prone to infections, which per se, is a serious complication of cardiac surgery.

North America accounted for the largest market share by Region.

Based on the region, Cardiovascular diseases have become widespread in North America, especially in the US, resulting in increased patient demand for cardiac surgeries and sternal closure systems. The area has relatively good access to healthcare services and the population makes extensive use of modern equipment in treatment. Many large-scale companies are from the United States, including DePuy Synthes (Johnson & Johnson), Zimmer Biomet, and Stryker Corporation, which has played a part in the region’s market dominance. The availability of intensive capital investment for research activities and renowned research facilities provide an impetus for the creation of advanced sternal closure systems. The North American market is big and continually growing because of factors such as an aging populace and higher individual healthcare costs.

Competitive Landscape: Sternal Closure Systems Market

The sternal closure systems market is a significant competitor and extremely cutthroat in the sector is using strategies including partnerships, product launches, acquisitions, agreements, and growth to enhance their positions in the market. Most sectors of the businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major players in the sternal closure systems market are:

• Johnson and Johnson Services Inc.
• Zimmer Biomet
• KLS Martin Group
• B Braun Medical
• Stryker 
• Jace Medical, LLC 
• Kinamed Incorporated 
• Idear S.R.L 
• Acute Innovations 
• Orthofix Holdings, Inc.
• GE Healthcare
• A&E Medical Corporation
• Abyrx, Inc.

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Recent Development 

• In March 2023, BMJ announced a partnership with Medtronic to support hospital leaders in transforming care. BMJ announces Medtronic as a headline sponsor of the International Forum on Quality and Safety in Copenhagen 2023
• In April 2023, Zimmer Biomet, a global medical technology leader, was hailed with the Orthopaedic Product Innovation of the Year at the 2023 Healthcare Asia Medtech Awards for its ROSA HIP® technology and ONE Planner™ Hip web-based surgical software.