New York, According to a new market research report published by Global Insight Services “Sternal Closure Systems Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Sternal closure systems are devices that are used to close the sternum (breastbone) following a median sternotomy, which is a surgical procedure that involves cutting through the sternum to access the heart. There are a variety of sternal closure systems available, and the type that is used will depend on the individual patient’s needs.
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Key Trends
There are a few key trends in sternal closure systems technology.
First, there is a trend toward minimally invasive sternal closure, which involves smaller incisions and less tissue trauma. This can lead to shorter hospital stays and faster recoveries.
Additionally, there is a trend toward using stronger and more durable materials for sternal closure systems, such as titanium and stainless steel. This is in response to the increasing obesity rates in developed countries, which can put extra strain on the sternum.
Finally, there is a trend toward using computer-assisted technology to plan and execute sternal closures. This can help ensure that the closure is done correctly and can help reduce the risk of complications.
Key Drivers
There are several key drivers of the Sternal Closure Systems market. The first driver is the increasing number of minimally invasive surgeries being performed. Minimally invasive surgeries require smaller incisions, and as a result, there is less tissue trauma and blood loss. This leads to shorter hospital stays and faster recoveries for patients.
Another driver of the Sternal Closure Systems market is the aging population. As people live longer, they are more likely to need surgical procedures. The aging population is also more likely to have chronic health conditions that may require surgery.
Another key driver of the Sternal Closure Systems market is the increasing prevalence of obesity. Obesity is a risk factor for many health conditions that may require surgery, such as heart disease, diabetes, and joint problems.
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Market Segments
The Sternal Closure Systems Market is segmented by product, procedure, material and region. By product, the market is divided into closure devices and bone cement. Based on procedure, it is bifurcated into median sternotomy, hemisternotomy, and bilateral thoracosternotomy. On the basis of material, it is classified into titanium, polyether ether ketone (PEEK), and stainless steel. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Sternal Closure Systems Market includes players such as Zimmer Biomet, Johnson & Johnson, B. Braun Melsungen AG, Orthofix Holdings, Inc., GE Healthcare, KLS Martin Group, A&E Medical Corporation, Jace Medical, LLC, Acute Innovations and Abyrx, Inc.
Reasons to buy Sternal Closure Systems Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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