The global sternal closure systems market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period (2022-2028). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to hold significant growth. For instance,
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COVID-19 has created some new challenges for surgeons, hospitals, and patients many hospitals, at that time many non-emergency surgeries and elective surgeries were postponed and stopped, such as robotic-assisted procedures, endoscopies, laparoscopies as well as minimally invasive diagnostic procedures, and patients were delaying their not necessary surgeries due to the fear of getting affected by COVID-19. Furthermore, in the year 2019-2020, procedures of cardiac surgery declined high. Meanwhile, in 4Q the demand and procedures of all the surgeries have anticipated driving the demand for minimally sternal closure systems market coupled with the stopped and postponed surgeries again coming in force.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Sternal Closure Systems Market Report Segment
By Product
- Closure Devices
- Sternal Closure Wires
- Sternal Closure Plates and Screws
- Sternal Closure Clips
- Sternal Closure Cables
- Bone Cement
By Material
- Titanium
- Stainless Steel
- Polyether Ether Ketone (PEEK)
By Procedures
- Hemisternotomy
- Median Sternotomy
- Bilateral Thoracosternotomy
Global Sternal Closure Systems Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sternal closure systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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