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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- In June 2021, Able Medical Devices launched Valkyrie Thoracic Fixation System A radiolucent plating system for osteotomy and closing the sternum after open heart surgery. The system is designed to use in the stabilization and fixation of fractures of the chest wall, including sternal fixation by following sternotomy, as well as sternal reconstructive surgical procedures.
- In March 2020, A&E Medical Corp. has received 510(k) approval from U.S Food and Drug Administration (FDA) for its Sternal Cable System used in CVDs surgeries. This new system is s an alternative to the traditional monofilament sternal wire used for cardiovascular sternal closure.
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- In January 2019, A&E Medical Corp. has received US FDA 510(k) clearance for implantation of the Thorecon Rigid Fixation System. The new system is used in the fixation of fractures of the anterior chest wall including sternal fixation following sternotomy and also in various other surgical procedures. This system is high strength sternal closure system and does not need any other instruments.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Product
o By Material
o By Procedure
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Acumed LLC, Arthrex, Inc., B. Braun Melsungen AG, Johnson and Johnson Services Inc., Kinamed Inc., KLS Martin Group, Stryker Corp., and many others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
