Sternal Closure Systems Market Outlook 2018 Sales Revenue, Strategy to 2026

Coherent Market Insights added Latest Research Report titled " Sternal Closure Systems Market, by Product Type (Closure Devices and Bone Cement), by Material Type (Stainless Steel, PEEK, and Titanium), by Procedure (Median Sternotomy, Hemisternotomy, and Bilateral Thoracosternotomy), by End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026 " to its Large Report database.

Sternal closure systems are used for closing the sternum or the breastbone after sternal reconstructive surgical procedures. The system is also used to fix and stabilize anterior chest wall and promote fusion.

Sternal Closure Systems Market: Dynamics

Increasing prevalence of cardiovascular diseases is a major factor propelling demand for sternal closure systems. According to a report by the American Heart Association (AHA), 2015, around 84 million people in the U.S. suffered from some or the other form of cardiovascular disease (CVD) in 2017 and around 130 million adults constituting over 45% of the country’s population, are estimated to suffer from at least one CVD by 2035. Moreover, launch of innovative devices to produce tight closure and stable union at sternum for patients undergoing cardiothoracic surgery is also expected to boost the market growth. For instance, in 2015, the U.S. FDA approved the Grand Pre Monoblock Closure System developed by JACE Medical, LLC. The rigid closure system is biocompatible and uses ratchet technology to close the space tightly and promote healing.

Similarly, in 2013, RTI Surgical launched, Tritium Sternal Cable Plating (SCP) system designed for the closure of median sternotomies following open-heart surgeries. The system combines cerclage cables and cancellous screws, with a low profile plate.

However, post-operative complications associated with the use of wiring and plating techniques in high-risk patients is expected to hinder the market growth.

Sternal Closure Systems Market: Key Players

Major players in the global sternal closure systems market are focused on adopting merger and acquisition strategies to enhance their market share. For instance, in 2017, Vance Street Capital LLC and A&E Medical Corporation acquired RTI Surgical’s Cardiothoracic Closure business, thereby gaining access to RTI’s cable-based plate products, including Tritium SPC System and the advanced sternal cable.

Key players operating in the global sternal closure systems market include, DePuy Synthes, Zimmer Biomet Holdings, KLS Martin Group, A&E Medical, Orthofix International N.V., Kinamed Incorporated, Abyrx, Inc., Acute Innovations LLC, Praesidia SRL, and Idear SRL.

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Sternal Closure Systems Market: Taxonomy

The global sternal closure systems market is segmented on the basis of product type, material type, procedure, end user, and region.

By Product Type:

• Closure devices
  • Wires
  • Plates and Screws
  • Clips
  • Cables
• Bone Cement

By Material Type:

• Stainless Steel
• PEEK
• Titanium

By Procedure:

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy

By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

Sternal Closure Systems Market: Regional Analysis

North America is expected to hold dominant position in the global sternal closure systems market, owing to increasing number of heart surgeries performed in treatment of cardiovascular diseases. According to the study published by American Heart Association, around 700,000 open-heart surgeries are performed annually in the U.S.

Furthermore, increasing approvals for novel sternal closure systems are expected to boost the market growth. For instance, in 2013, Dallen Medical, Inc. received FDA 510(k) clearance for a polymer coated Compressyn Band for sternal closure, thereby offering polymer coating to the sternal closure systems.

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