Introduction
Sternum closure
systems are used to close the sternum that is the last step in heart surgery
and surgeries of the thoracic cavity that necessitate sternal closure. The sternal
closure systems market size is estimated to increase in the coming years
due to increasing cardiovascular patients across the globe. According to WHO, more people die annually
from CVDs than from any other cause. An estimated 17.9 million people died from
CVDs in 2016, representing 31% of all global deaths. Of these deaths, 85% are due
to heart attack and stroke.
Drivers and restraints of Sternal Closure Systems Market
The increase in the
patient population requiring cardiovascular surgeries and sternal closure
surgeries is estimated to drive the market across the globe. As per WHO, cardiovascular
diseases are the leading cause of death globally, with an estimated 17.9
million deaths in 2016, representing 31% of all global deaths. Technological
advancements in sternotomy techniques will also boost the sternal closure
systems market growth. Favorable reimbursement policies across the major
markets will also be a major factor bolstering the growth of the sternal
closure systems market. However, procedural risks associated with the sternal
closure procedures coupled with a lack of skilled professionals to perform the
sternal closure procedures will restrain the growth of the market during the
given time frame.
Market Segmentation
Supply chain studies show that the sternal closure systems market is segmented by type,
sternotomy, material, and geography. By type, the market is segmented into
closure devices, bone cement. The market of closure devices is expected to have
a significant market share on account of rising cases of cardiovascular
surgeries across the globe. By sternotomy, the market is segmented into median
sternotomy, hemisternotomy, and bilateral thoracosternotomy. The median
sternotomy segment is expected to grow at a rapid pace owing to wide-scale
usage of this procedure accessing the body cavity. The market is expected to
grow at a rapid pace due to the increasing number of cardiovascular
surgeries. By material, the market is
segmented into stainless steel, titanium, and polyether ether ketone (PEEK).
The titanium segment is expected to grow at a rapid pace in the coming years.
Geographically,
North America is expected to have a significant market share of the global
sternal closure systems market share. The market share is projected owing
to the huge number of patients suffering from cardiovascular diseases and the
presence of skilled professionals in the region. North America market growth is
driven by the presence of key players and wide-scale adoption of
technologically advanced sternal closure.
The sternal closure
systems market is fragmented with hundreds of manufacturers. The players are
expanding globally to mirror their customers’ requirements. As a result, they
are increasingly integrating with other players. The key players include Idear
S.R.L, A&E Medical, and Dispomedica among others.
Key Questions Answered in This Report:
·
What are
the key regions having a significant market share?
·
What are
the drivers and restraints of the market?
·
Who are
the key market players in the market?
·
What is
the market segmentation of the sternal closure systems market?
·
What are
the types of sternal closure systems?
