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Sternal Closure Systems Market Size, Share & Trends Analysis Report By Product (Closure Devices, Bone Cement), By Material (Stainless Steel, PEEK, Titanium), By Procedure And Segment Forecasts, 2019 - 2026

  • ID: 4668025
  • Report
  • October 2019
  • Region: Global
  • 110 pages
  • Grand View Research
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FEATURED COMPANIES

  • B. Braun Melsungen AG
  • BR Surgi
  • Medline Industries, Inc.
  • Medtronic
  • MicroSurgical Technology
  • Teleflex Incorporated.
  • MORE
The global sternal closure systems market size is expected to reach USD 3.12 billion by 2026, according to this report., expanding at a CAGR of 5.4% during the forecast period. The market is driven by growing number of surgeries undertaken to treat complex cardiovascular problems. For instance, according to the data published by American Heart Association (AHA), in 2014, around 520,000 Coronary Artery Bypass Graft (CABG) surgeries performed in the U.S. the report further states that more than 800,000 CABG surgeries are performed worldwide every year.

Furthermore, National Health Interview Survey conducted by CDC in 2016 concluded that 28.1 million people were diagnosed with heart related disorder including, valvar heart disease, cardiac arrest. Moreover, technological advancements such as Talon systems, double sternal wires and favorable reimbursement criteria would propel growth in near future.

Mergers & acquisitions, new product development and geographical expansion are key sustainability strategies adopted by players in the sternal closure systems market. For instance, KLS Martin, in a vain to increase its geographical presence started its sales operations in the U.K., the Netherlands, Italy, France, Australia, Russia, Dubai, Japan, Malaysia and Brazil in last couple of years. The company is also focusing on Asia Pacific to seize the opportunity owing to larger patient pool in the region. In line with the strategy, in June 2016, the company started manufacturing unit in Chennai, India.

Further Key Findings from the Report Suggest:
  • Rising adoption of cardiothoracic surgeries including Coronary Artery Bypass Graft (CABG), Aortic valve surgery, Arrhythmia surgery is anticipated to fuel growth in near future.
  • The closure devices segment held major shares of the global market in 2017, owing to introduction of technologically advanced clips and wires globally and favorable reimbursement regulations offer by developed regions such as North America and Europe.
  • The PEEK segment is anticipated to post significant growth over the coming years due to several benefits offered by the material, including biocompatibility, chemical resistance, end-product purity, high temperature resistance, and thermoformable nature
  • North America dominated the market in 2018. Growth of region can be attributed to presence of a large number of players and high competition rivalry in the market. Moreover, rising adoption of technologically advanced systems coupled with presence of skilled professionals will further boost growth of the region.
  • Asia Pacific is expected to grow at the highest pace during forecast period on the backdrop of increased per capita income, growing need for improved healthcare infrastructure and rising patient pool
  • The market is currently consolidated, with few companies capturing major shares. However, increasing demand for innovative technologies and recent market dynamics are making way for new entrants.

Please note: This product will be delivered within 48 business hours after receipt of order.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • B. Braun Melsungen AG
  • BR Surgi
  • Medline Industries, Inc.
  • Medtronic
  • MicroSurgical Technology
  • Teleflex Incorporated.
  • MORE
Chapter 1 Research Methodology & Scope
1.1 Region Wise Market Calculation
1.1.1 Region-wise market: Base estimates
1.1.2 Global market: CAGR calculation
1.2 Region-Based Segment Share Calculation
1.3 List of Secondary Sources

Chapter 2 Executive Summary

Chapter 3 Sternal Closure Systems Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Market Driver Analysis
3.2.1 Increase in the number of surgical procedures
3.2.2 Technological advancements in sternotomy techniques
3.3 Market Restraint Analysis
3.3.1 Stringent regulatory landscape
3.4 Penetration & Growth Prospect Mapping
3.5 Sternal Closure Systems Market - SWOT Analysis, By Factor (Political & legal, economic and technological)
3.6 Industry Analysis - Porter’s

Chapter 4 Sternal Closure Systems Market: Product Estimates & Trend Analysis
4.1 Sternal Closure Systems Market: Product Movement Analysis
4.2 Closure Devices
4.2.1 Closure devices market estimates and forecasts, 2015 - 2026 (USD Million)
4.3 Sternal closure wires
4.3.1 Sternal closure wires market estimates and forecasts, 2015 - 2026 (USD Million)
4.4 Sternal closure plates and screws
4.4.1 Sternal closure plates and screws market estimates and forecasts, 2015 - 2026 (USD Million)
4.5 Sternal closure clips
4.5.1 Sternal closure clips market estimates and forecasts, 2015 - 2026 (USD Million)
4.6 Sternal closure cables
4.6.1 Sternal closure cables market estimates and forecasts, 2015 - 2026 (USD Million)
4.7 Bone Cement
4.7.1 Bone cement market estimates and forecasts, 2015 - 2026 (USD Million)

Chapter 5 Sternal Closure Systems Market: Material Estimates & Trend Analysis
5.1 Sternal Closure Systems Market: Material Movement Analysis
5.2 Titanium
5.2.1 Titanium market estimates and forecasts, 2015 - 2026 (USD Million)
5.3 Polyether Ether Ketone (PEEK)
5.3.1 Polyether Ether Ketone (PEEK) market estimates and forecasts, 2015 - 2026 (USD Million)
5.4 Stainless Steel
5.4.1 Stainless Steel market estimates and forecasts, 2015 - 2026 (USD Million)
5.5 Others
5.5.1 Others market estimates and forecasts, 2015 - 2026 (USD Million)

Chapter 6 Sternal Closure Systems Market: Procedure Estimates & Trend Analysis
6.1 Sternal Closure Systems Market: Procedure Movement Analysis
6.2 Median Sternotomy
6.2.1 Median sternotomy market estimates and forecasts, 2015 - 2026 (USD Million)
6.3 Hemisternotomy
6.3.1 Hemisternotomy market estimates and forecasts, 2015 - 2026 (USD Million)
6.4 Bilateral Thoracosternotomy
6.4.1 Bilateral thoracosternotomy market estimates and forecasts, 2015 - 2026 (USD Million)

Chapter 7 Sternal Closure Systems Market: Regional Estimates & Trend Analysis, by Type, Product, Application, End-use
7.1 Sternal closure systems market shares by region, 2017 & 2025
7.2 North America
7.2.1 North America sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.2.3 Canada
7.2.3.1 Canada sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3 Europe
7.3.1 Europe sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3.2 Germany
7.3.2.1 Germany sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3.3 U.K.
7.3.3.1 U.K. sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3.4 France
7.3.4.1 France sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3.5 Spain
7.3.5.1 Spain sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.3.6 Italy
7.3.6.1 Italy sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.4.2 Japan
7.4.2.1 Japan sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.4.3 China
7.4.3.1 China sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.4.4 India
7.4.4.1 India sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.5 Latin America
7.5.1 Latin America sternal closure systems Market estimates and forecasts, 2015 - 2026 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil sternal closure systems Market estimates and forecasts, 2015 - 2026 (USD Million)
7.5.3 Mexico
7.5.3.1 Mexico sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.5.4 Argentina
7.5.4.1 Argentina sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.5.5 Colombia
7.5.5.1 Colombia sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.6 MEA
7.6.1 MEA sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.6.2 South Africa
7.6.2.1 South Africa sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.6.3 Saudi Arabia
7.6.3.1 Saudi Arabia sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)
7.6.4 UAE
7.6.4.1 UAE sternal closure systems market estimates and forecasts, 2015 - 2026 (USD Million)

Chapter 8 Competitive Landscape
8.1 Market participation categorization
8.2 List of Market Players
8.3 Company Profiles
8.3.1 Johnson & Johnson Services, Inc.
8.3.1.1 Company overview
8.3.1.2 Financial performance
8.3.1.3 Product benchmarking
8.3.1.4 Strategic initiatives
8.3.2 BD (Becton, Dickinson and Company)
8.3.2.1 Company overview
8.3.2.2 Financial performance
8.3.2.3 Product benchmarking
8.3.2.4 Strategic initiatives
8.3.3 Teleflex Incorporated.
8.3.3.1 Company overview
8.3.3.2 Financial performance
8.3.3.3 Product benchmarking
8.3.3.4 Strategic initiatives
8.3.4 B. Braun Melsungen AG
8.3.4.1 Company overview
8.3.4.2 Financial performance
8.3.4.3 Product benchmarking
8.3.4.4 Strategic initiatives
8.3.5 Medtronic
8.3.5.1 Company overview
8.3.5.2 Financial performance
8.3.5.3 Product benchmarking
8.3.5.4 Strategic initiatives
8.3.6 Thompson Surgical
8.3.6.1 Company overview
8.3.6.2 Product benchmarking
8.3.6.3 Strategic initiatives
8.3.7 MicroSurgical Technology
8.3.7.1 Company overview
8.3.7.2 Product benchmarking
8.3.7.3 Financial performance
8.3.7.4 Strategic initiatives
8.3.8 Medline Industries, Inc.
8.3.8.1 Company overview
8.3.8.2 Product benchmarking
8.3.8.3 Strategic initiatives
8.3.9 Sklar Surgical Instruments
8.3.9.1 Company overview
8.3.9.2 Product benchmarking
8.3.10 BR Surgical
8.3.10.1 Company overview
8.3.10.2 Product benchmarking

Full List of Figures and Tables Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Johnson & Johnson Services, Inc.
  • BD (Becton, Dickinson and Company)
  • Teleflex Incorporated.
  • B. Braun Melsungen AG
  • Medtronic
  • Thompson Surgical
  • MicroSurgical Technology
  • Medline Industries, Inc.
  • Sklar Surgical Instruments
  • BR Surgi
Note: Product cover images may vary from those shown
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