Global Sternal Closure Systems Market Report and Forecast 2024-2032

Global Sternal Closure Systems Market Outlook

The global sternal closure systems market would likely grow at a CAGR of 5.5% during 2024-2032. The market is expected to be driven by an increasing number of procedures carried out every year. Increasing innovations and investments in the domain along with novel solutions enabling safe and reliable closure of sternum are further expected to contribute to market growth. Asia Pacific, North America and Europe are likely to be key markets. 

Global Market Likely to be Driven by the Need to Securely Close and Hold Sternum After Surgical Procedures

The market is likely to be driven by an increasing number of procedures carried out every year. Further, novel solutions enabling safe and reliable closure of sternum are expected to contribute to global sternal closure systems market growth. For example, the titanium sternal closure system enables stable internal fixation of the sternum post sternotomy or sternal fracture. Various types of titanium plates are available that fit anatomical structures and specific clinical requirements.

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The Titanium Sternal Fixation System offers steady internal fixation of the sternum for secondary or primary repair and closure; it is specifically useful after debridement of the sternum, or in cases where sternal bone quality is inadequate. 

STERNAL ZIPFIX® SYSTEM and the TITANIUM STERNAL FIXATION SYSTEM by DePuy Synthes help close the sternum after heart surgery and surgical procedures related to the thoracic cavity that warrant sternal closure.

DePuy Synthes MatrixRIBTM Sternal Plates are suggested for stabilization, fixation, and reconstruction of fusions, fractures, or osteotomies associated with the sternum, and Pectus Carinatum, Pectus Excavatum, and other deformities of the chest wall. 

The Sternal ZIPFIX® System allows quick sternal closure with constant tensioning of a sternal band along asternotomy or sternum fracture. The system chiefly comprises PEEK (polyetheretherketone) implants and an application tool. 

The FiberTape sternal closure system is a nonmetallic substitute to stainless steel wires conventionally employed for sternal closure processes. The system exhibits high-strength, all-suture design and biomechanical properties; these attributes render the FiberTape sternal closure implant a good alternative for meeting the needs of median sternotomy fixation.

Leading Companies are Investing in Solutions to Enhance Patient Recovery after Open-chest Surgery

Major players are investing in innovative solutions to improve patient recovery post open-chest surgery. For example, in 2023, Evonik Venture Capital invested in CircumFix Solutions – a start-up based in Tennessee, USA, that devised a novel sternal closure device to enhance patient recovery post open chest surgery. The orthopaedic device was patented and manufactured from a high-performance polymer from Evonik; it securely closed and held the sternum post-surgery. Such developments are likely to boost the global sternal closure systems market.

Such investments would expectedly lead to a significant shift in the implantable medical devices domain with movement from metal to high-performance polymers. Such developments could significantly benefit doctors as well as patients through dependable and safe technologies helping enhance recovery.

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Market Segmentation

By product, the market is segmented into:

• Closure

• Bone Cement

By procedure, the market is divided into:

• Median Sternotomy

• Hemisternotomy

• Bilateral Thoracosternotomy

• Others

By material, the market is divided into:

• Titanium

• Polyether Ether Ketone (PEEK)

• Stainless Steel

• Others

By region, the market is segmented into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Key Industry Players in the Market

The report offers an extensive assessment of major players in the global sternal closure systems market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

• Zimmer Biomet Holdings Inc.

• Johnson & Johnson Services, Inc.

• B. Braun SE

• Praesidia S.r.l

• KLS Martin, L.P.

• IDEAR S.R.L

• Kinamed Incorporated

• Others

Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.

Key Highlights of the Report