The Sternal Closure Systems Market is expected to increase from USD 2.111 billion in 2025 to USD 2.733 billion in 2030, with a 5.30% CAGR.
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 market is estimated to show a significant growth during the forecast period. The increase in patient population requiring the 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 market during the forecast period. Favourable 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 lack of skilled professionals to perform the sternal closure procedures will restrain the growth of the market during the given time frame.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global Sternal Closure Systems market value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Sternal Closure Systems market.
Major industry players profiled as part of the report are Idear S.R.L, A&E Medical and Dispomedica among others.
Segmentation