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Sternal Closure Systems Market by Product (Closure Devices (Wires, Plate & Screw, Cable, Clips) Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, PEEK, Titanum) - Global Forecast to 2027

Sternal Closure Systems Market by Product (Closure Devices (Wires, Plate & Screw, Cable, Clips) Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, PEEK, Titanum) - Global Forecast to 2027

The global sternal closure systems market is valued at an estimated USD 2.3 billion in 2022 and is projected to reach USD 2.9 billion by 2027, at a CAGR of 5.1% during the forecast period. Market growth is driven by factors such as the significant adoption of sternal closure products and the rising number of cardiothoracic surgeries. Risks associated with sternal closure procedures and the death of OR technicians & surgeons are the major factors hampering the growth of this market.

“The closure device segment accounted for the highest growth rate in the sternal closure systems market, by product, during the forecast period”

Based on product, the sternal closure systems market is divided into two main categories—closure devices (wires, plates & screws, cables & clips) and bone cement. In 2021, the closure devices segment accounted for the largest share of the sternal closure systems market. The large share of this segment can be attributed to the rising number of cardiovascular cases requiring surgery and the availability of clinical evidence to support the therapeutic efficacy of sternal closure systems

“Median sternotomy procedure segment accounted for the highest CAGR”

Based on procedure type, the sternal closure systems market is segmented into – median sternotomy, hemisternotomy, and bilateral thoracosternotomy. The median sternotomy segment accounted for the largest share of the sternal closure systems market in 2021. Rising awareness among surgeons about the clinical benefits offered by technologically advanced sternal closure products during target cardiovascular surgeries is driving the dominant market position of the median sternotomy.

“The Asia Pacific market is expected to grow at the highest CAGR during the forecast period”

The global sternal closure systems market has been segmented into four major regions—North America, Europe, the Asia Pacific, and the Rest of the World. The sternal closure systems market in several Aisa Pacific countries is expected to witness a high growth rate during the forecast period owing to the large patient population for target diseases, the rapidly growing geriatric & obese population, and increasingly localized device manufacturing indicates a massive potential for the Asia Pacific sternal closure systems market.

The primary interviews conducted for this report can be categorized as follows:
•By Company Type: Tier 1 - 45%, Tier 2 - 34%, and Tier 3 - 21%
•By Designation: C-level - 14%, D-level - 10%, and Others - 76%
•By Region: North America - 40%, Europe - 32%, Asia Pacific - 20%, and the Rest of the World – 8%

Lists of Companies Profiled in the Report:
•DePuy Synthes (US)
•Zimmer Biomet Holdings, Inc. (US)
•KLS Martin Group (US)
•B. Braun SE (Germany)
•Stryker (US)
•Teleflex Incorporated (US)
•Acumed LLC (US)
•IDEAR S.R.L (Argentina)
•Kinamed Incorporated (US)
•Able Medical Devices (US)
•Praesidia Srl (Italy)
•Abyrx, Inc. (US)
•Dispomedica (Germany)
•Jeil Medical Corporation (South Korea)
•Changzhou Waston Medical Appliance Company Limited (China)
•Neos Surgery (Spain)
•Ortolog Medical (Turkey)
•Medicon EG (Germany)
•MedXpert GmbH (Germany)
•CircumFix Solutions (US)
•Invibio Ltd. (UK)
•Arthrex, Inc. (US)
•T T K Health Care Ltd. (India)
•Lotus Surgicals (India)
•Peters Surgical (India)

Research Coverage:
This report provides a detailed picture of the global sternal closure systems market. It aims at estimating the size and future growth potential of the market across different segments, such as product, procedure, material, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall sternal closure systems market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to position their business better and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities and challenges.
Table of Contents

1INTRODUCTION22
1.1STUDY OBJECTIVES22
1.2MARKET DEFINITION22
TABLE 1INCLUSIONS AND EXCLUSIONS22
1.3STUDY SCOPE23
FIGURE 1STERNAL CLOSURE SYSTEMS MARKET SCOPE23
1.3.1YEARS CONSIDERED23
1.4CURRENCY CONSIDERED24
1.5STAKEHOLDERS24
1.6SUMMARY OF CHANGES24
2RESEARCH METHODOLOGY26
2.1RESEARCH DATA26
FIGURE 2STERNAL CLOSURE SYSTEMS MARKET: RESEARCH DESIGN26
2.1.1SECONDARY DATA27
2.1.1.1Key data from secondary sources28
2.1.2PRIMARY DATA29
FIGURE 3PRIMARY SOURCES29
2.1.2.1Key data from primary sources30
2.1.2.2Breakdown of primary interviews30
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION30
2.1.3KEY INDUSTRY INSIGHTS31
2.2MARKET SIZE ESTIMATION31
2.2.1BOTTOM-UP APPROACH32
2.2.1.1Approach 1: Company revenue estimation approach32
FIGURE 5BOTTOM-UP APPROACH: COMPANY REVENUE ESTIMATION APPROACH32
2.2.1.2Approach 2: Company presentations and primary interviews32
2.2.1.3Approach 3: Procedure-based approach33
FIGURE 6BOTTOM-UP APPROACH: PROCEDURE-BASED ANALYSIS33
2.2.1.4Growth forecast33
2.2.1.5Sternal closure systems market: CAGR analysis34
FIGURE 7CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS34
2.2.2TOP-DOWN APPROACH34
FIGURE 8STERNAL CLOSURE SYSTEMS MARKET: TOP-DOWN APPROACH34
2.3DATA TRIANGULATION35
FIGURE 9DATA TRIANGULATION METHODOLOGY35
2.4RESEARCH ASSUMPTIONS36
2.5LIMITATIONS AND RISK ASSESSMENT36
TABLE 2RISK ASSESSMENT: STERNAL CLOSURE SYSTEMS MARKET37
3EXECUTIVE SUMMARY38
FIGURE 10STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION)38
FIGURE 11STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2022 VS. 2027 (USD MILLION)39
FIGURE 12STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2022 VS. 2027 (USD MILLION)40
FIGURE 13STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2022 VS. 2027 (USD MILLION)41
4PREMIUM INSIGHTS42
4.1STERNAL CLOSURE SYSTEMS MARKET OVERVIEW42
FIGURE 14TECHNOLOGICAL ADVANCEMENTS IN STERNOTOMY TECHNIQUES TO DRIVE MARKET42
4.2STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT (2022–2027)43
FIGURE 15CLOSURE DEVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD43
4.3NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT AND COUNTRY (2021)43
FIGURE 16CLOSURE DEVICES SEGMENT ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN STERNAL CLOSURE SYSTEMS MARKET IN 202143
4.4STERNAL CLOSURE SYSTEMS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES44
FIGURE 17ASIA PACIFIC COUNTRIES TO REGISTER HIGHER GROWTH DURING FORECAST PERIOD44
5MARKET OVERVIEW45
5.1INTRODUCTION45
5.2MARKET DYNAMICS45
FIGURE 18STERNAL CLOSURE SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES45
5.2.1DRIVERS46
5.2.1.1Technological advancements in sternotomy techniques46
5.2.1.2Increasing target patient population coupled with subsequent increase in number of surgical procedures46
5.2.1.3Growing availability of medical reimbursement across major markets47
TABLE 3KEY REIMBURSEMENT CODES FOR STERNAL CLOSURE (AS OF 2021)47
5.2.2RESTRAINTS48
5.2.2.1Procedural risks associated with sternal closure48
5.2.3OPPORTUNITIES48
5.2.3.1Increasing research activities for sternal closure procedures48
5.2.3.2Emerging markets49
5.2.3.3Growth in number of hospitals and surgical centers49
5.2.4CHALLENGES50
5.2.4.1Dearth of skilled OR technicians and surgeons50
5.2.4.2Limited awareness among healthcare providers about novel sternal closure techniques50
5.3PRICING ANALYSIS51
5.3.1INDICATIVE PRICING MODEL ANALYSIS OF MARKET PLAYERS51
TABLE 4INDICATIVE PRICING FOR STERNAL CLOSURE SYSTEMS51
5.3.2AVERAGE SELLING PRICE OF STERNAL CLOSURE SYSTEMS, BY KEY PLAYER51
TABLE 5AVERAGE SELLING PRICE OF STERNAL CLOSURE SYSTEMS51
5.4VALUE CHAIN ANALYSIS52
FIGURE 19VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED DURING MANUFACTURING AND ASSEMBLY52
5.5SUPPLY CHAIN ANALYSIS53
FIGURE 20DIRECT DISTRIBUTION—PREFERRED STRATEGY OF PROMINENT COMPANIES53
5.6PORTER’S FIVE FORCES ANALYSIS54
5.6.1THREAT OF NEW ENTRANTS54
5.6.2THREAT OF SUBSTITUTES54
5.6.3BARGAINING POWER OF SUPPLIERS54
5.6.4BARGAINING POWER OF BUYERS54
5.6.5INTENSITY OF COMPETITIVE RIVALRY55
5.7ECOSYSTEM ANALYSIS55
FIGURE 21STERNAL CLOSURE SYSTEMS MARKET: ECOSYSTEM ANALYSIS55
5.7.1ROLE IN ECOSYSTEM55
FIGURE 22KEY PLAYERS IN STERNAL CLOSURE SYSTEMS MARKET ECOSYSTEM56
5.8REGULATORY ANALYSIS56
TABLE 6INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING STERNAL CLOSURE SYSTEMS56
5.8.1NORTH AMERICA57
5.8.1.1US57
TABLE 7US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS57
5.8.1.2Canada58
TABLE 8CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS58
5.8.2EUROPE58
5.8.3ASIA PACIFIC58
5.8.3.1Japan58
TABLE 9JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA59
5.8.3.2China59
TABLE 10CHINA: CLASSIFICATION OF MEDICAL DEVICES59
5.8.3.3India60
5.8.3.4Australia60
5.9PATENT ANALYSIS61
5.9.1PATENT TRENDS FOR STERNAL CLOSURE SYSTEMS61
FIGURE 23PATENT TRENDS FOR STERNAL CLOSURE SYSTEMS, JANUARY 2011–OCTOBER 202261
5.9.2JURISDICTION AND TOP APPLICANT ANALYSIS61
FIGURE 24TOP APPLICANTS AND OWNERS (COMPANIES/INSTITUTES) FOR STERNAL CLOSURE SYSTEM PATENTS, JANUARY 2011—OCTOBER 202262
5.10TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS62
5.10.1REVENUE SHIFT AND REVENUE POCKETS FOR STERNAL CLOSURE SYSTEM MANUFACTURERS62
FIGURE 25REVENUE SHIFT FOR STERNAL CLOSURE SYSTEMS63
5.11KEY CONFERENCES AND EVENTS IN 2022–202363
TABLE 11STERNAL CLOSURE SYSTEMS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS63
5.12TECHNOLOGY ANALYSIS64
5.13KEY STAKEHOLDERS AND BUYING CRITERIA65
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS65
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF STERNAL CLOSURE SYSTEMS65
TABLE 12INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR STERNAL CLOSURE SYSTEMS (%)65
5.13.2BUYING CRITERIA66
FIGURE 27KEY BUYING CRITERIA FOR END USERS OF STERNAL CLOSURE SYSTEMS66
TABLE 13KEY BUYING CRITERIA FOR END USERS OF STERNAL CLOSURE SYSTEMS66
5.14TRADE ANALYSIS67
TABLE 14IMPORT DATA FOR HS CODE 902110, BY COUNTRY, 2017–2021 (USD MILLION)67
TABLE 15EXPORT DATA FOR HS CODE 902110, BY COUNTRY, 2017–2021 (USD MILLION)67
6STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT68
6.1INTRODUCTION69
TABLE 16STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)69
6.2CLOSURE DEVICES69
TABLE 17CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)70
TABLE 18CLOSURE DEVICES MARKET, BY REGION, 2020–2027 (USD MILLION)70
6.2.1WIRES71
6.2.1.1Increasing number of complex and critical surgeries to drive market71
TABLE 19WIRES MARKET, BY REGION, 2020–2027 (USD MILLION)71
6.2.2PLATES AND SCREWS72
6.2.2.1Plates and screws segment to witness high growth during forecast period72
TABLE 20PLATES AND SCREWS MARKET, BY REGION, 2020–2027 (USD MILLION)72
6.2.3CABLES72
6.2.3.1Less post-operative complications to boost demand for cables in sternal closure systems72
TABLE 21CABLES MARKET, BY REGION, 2020–2027 (USD MILLION)73
6.2.4CLIPS73
6.2.4.1Elasticity and thermoreactive properties of clips to boost adoption in market73
TABLE 22CLIPS MARKET, BY REGION, 2020–2027 (USD MILLION)74
6.3BONE CEMENT74
6.3.1KRYPTONITE MOST PREFERRED BONE CEMENT FOR MEDIAN STERNOTOMY PROCEDURES74
TABLE 23BONE CEMENT MARKET, BY REGION, 2020–2027 (USD MILLION)75
7STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE76
7.1INTRODUCTION77
TABLE 24STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)77
7.2MEDIAN STERNOTOMY77
7.2.1LARGEST AND FASTEST-GROWING PROCEDURE SEGMENT IN MARKET77
TABLE 25STERNAL CLOSURE SYSTEMS MARKET FOR MEDIAN STERNOTOMY, BY REGION, 2020–2027 (USD MILLION)78
7.3HEMISTERNOTOMY78
7.3.1GROWING NUMBER OF CARDIAC SURGERIES TO SUPPORT MARKET GROWTH78
TABLE 26STERNAL CLOSURE SYSTEMS MARKET FOR HEMISTERNOTOMY, BY REGION, 2020–2027 (USD MILLION)79
7.4BILATERAL THORACOSTERNOTOMY79
7.4.1RISING NUMBER OF LUNG TRANSPLANTS TO DRIVE DEMAND FOR BILATERAL THORACOSTERNOTOMY79
TABLE 27STERNAL CLOSURE SYSTEMS MARKET FOR BILATERAL THORACOSTERNOTOMY, BY REGION, 2020–2027 (USD MILLION)80
8STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL81
8.1INTRODUCTION82
TABLE 28STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)82
8.2TITANIUM82
8.2.1LARGEST MATERIAL SEGMENT IN STERNAL CLOSURE SYSTEMS MARKET82
TABLE 29TITANIUM STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)83
8.3STAINLESS STEEL83
8.3.1HIGH ADOPTION OF STAINLESS-STEEL WIRES DURING STERNAL CLOSURE TO DRIVE MARKET83
TABLE 30STAINLESS STEEL STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)84
8.4POLYETHERETHERKETONE (PEEK)84
8.4.1HIGH STABILITY OF PEEK TO DRIVE ADOPTION IN STERNAL CLOSURE SYSTEMS84
TABLE 31PEEK STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)85
9STERNAL CLOSURE SYSTEMS MARKET, BY REGION86
9.1INTRODUCTION87
TABLE 32STERNAL CLOSURE SYSTEMS MARKET, BY REGION, 2020–2027 (USD MILLION)87
9.2NORTH AMERICA87
FIGURE 28NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET SNAPSHOT88
TABLE 33NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)89
TABLE 34NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)89
TABLE 35NORTH AMERICA: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)89
TABLE 36NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)90
TABLE 37NORTH AMERICA: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)90
9.2.1US90
9.2.1.1US dominates North American sternal closure systems market90
TABLE 38KEY REIMBURSEMENT CODES FOR STERNAL CLOSURE IN US (AS OF 2021)91
TABLE 39US: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)91
TABLE 40US: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION91
TABLE 41US: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)92
TABLE 42US: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)92
9.2.2CANADA92
9.2.2.1Rising number of cardiothoracic surgeries to propel market growth92
TABLE 43CANADA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)93
TABLE 44CANADA: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)93
TABLE 45CANADA: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)94
TABLE 46CANADA: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)94
9.3EUROPE94
TABLE 47EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)95
TABLE 48EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)95
TABLE 49EUROPE: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)96
TABLE 50EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)96
TABLE 51EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)97
9.3.1GERMANY97
9.3.1.1Germany dominates European sternal closure systems market97
TABLE 52GERMANY: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)98
TABLE 53GERMANY: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)98
TABLE 54GERMANY: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)98
TABLE 55GERMANY: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)99
9.3.2UK99
9.3.2.1Rising number of target surgeries to drive demand for sternal closure systems99
TABLE 56UK: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)100
TABLE 57UK: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)100
TABLE 58UK: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)100
TABLE 59UK: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)101
9.3.3FRANCE101
9.3.3.1Growing awareness of advanced sternal closure techniques to boost demand101
TABLE 60FRANCE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)102
TABLE 61FRANCE: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)102
TABLE 62FRANCE: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)103
TABLE 63FRANCE: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)103
9.3.4ITALY103
9.3.4.1Rising geriatric population to support market growth103
TABLE 64ITALY: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)104
TABLE 65ITALY: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)104
TABLE 66ITALY: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)104
TABLE 67ITALY: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)105
9.3.5SPAIN105
9.3.5.1Rising CVD cases to drive demand for sternal closure systems105
TABLE 68SPAIN: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)105
TABLE 69SPAIN: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)106
TABLE 70SPAIN: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)106
TABLE 71SPAIN: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)107
9.3.6REST OF EUROPE107
TABLE 72REST OF EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)108
TABLE 73REST OF EUROPE: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)108
TABLE 74REST OF EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)109
TABLE 75REST OF EUROPE: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)109
9.4ASIA PACIFIC109
FIGURE 29ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET SNAPSHOT110
TABLE 76ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY COUNTRY, 2020–2027 (USD MILLION)111
TABLE 77ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)111
TABLE 78ASIA PACIFIC: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)112
TABLE 79ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)112
TABLE 80ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)113
9.4.1JAPAN113
9.4.1.1Japan to dominate Asia Pacific sternal closure systems market113
TABLE 81JAPAN: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)114
TABLE 82JAPAN: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)114
TABLE 83JAPAN: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)114
TABLE 84JAPAN: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)115
9.4.2CHINA115
9.4.2.1Increasing patient population to boost market growth115
TABLE 85CHINA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)115
TABLE 86CHINA: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)116
TABLE 87CHINA: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)116
TABLE 88CHINA: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)117
9.4.3INDIA117
9.4.3.1Expansion of health infrastructure to support market growth117
TABLE 89INDIA: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)118
TABLE 90INDIA: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)118
TABLE 91INDIA: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)118
TABLE 92INDIA: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)119
9.4.4REST OF ASIA PACIFIC119
TABLE 93REST OF ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)120
TABLE 94REST OF ASIA PACIFIC: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)120
TABLE 95REST OF ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)121
TABLE 96REST OF ASIA PACIFIC: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)121
9.5REST OF THE WORLD121
TABLE 97REST OF THE WORLD: STERNAL CLOSURE SYSTEMS MARKET, BY PRODUCT, 2020–2027 (USD MILLION)122
TABLE 98REST OF THE WORLD: CLOSURE DEVICES MARKET, BY TYPE, 2020–2027 (USD MILLION)122
TABLE 99REST OF THE WORLD: STERNAL CLOSURE SYSTEMS MARKET, BY PROCEDURE, 2020–2027 (USD MILLION)123
TABLE 100REST OF THE WORLD: STERNAL CLOSURE SYSTEMS MARKET, BY MATERIAL, 2020–2027 (USD MILLION)123
10COMPETITIVE LANDSCAPE124
10.1OVERVIEW124
10.2STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN124
TABLE 101OVERVIEW OF STRATEGIES ADOPTED BY KEY STERNAL CLOSURE SYSTEM MANUFACTURERS124
10.3REVENUE ANALYSIS125
FIGURE 30REVENUE ANALYSIS OF KEY PLAYERS125
10.4MARKET SHARE ANALYSIS126
TABLE 102STERNAL CLOSURE SYSTEMS MARKET: DEGREE OF COMPETITION126
FIGURE 31STERNAL CLOSURE SYSTEMS MARKET SHARE ANALYSIS, BY KEY PLAYER, 2021127
10.5COMPANY EVALUATION MATRIX128
10.5.1STARS128
10.5.2EMERGING LEADERS128
10.5.3PERVASIVE PLAYERS128
10.5.4PARTICIPANTS128
FIGURE 32STERNAL CLOSURE SYSTEMS MARKET: COMPANY EVALUATION QUADRANT (2021)129
10.6COMPANY EVALUATION QUADRANT (SMES/STARTUPS)130
10.6.1PROGRESSIVE COMPANIES130
10.6.2STARTING BLOCKS130
10.6.3RESPONSIVE COMPANIES130
10.6.4DYNAMIC COMPANIES130
FIGURE 33STERNAL CLOSURE SYSTEMS MARKET: COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES (2021)131
10.7COMPANY FOOTPRINT ANALYSIS132
TABLE 103FOOTPRINT OF COMPANIES IN STERNAL CLOSURE SYSTEMS MARKET132
TABLE 104PRODUCT FOOTPRINT OF COMPANIES133
TABLE 105REGIONAL FOOTPRINT OF COMPANIES134
10.8COMPETITIVE BENCHMARKING135
TABLE 106STERNAL CLOSURE SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES135
10.9COMPETITIVE SCENARIO135
10.9.1DEALS135
TABLE 107STERNAL CLOSURE SYSTEMS MARKET: DEALS, 2019–2022135
10.9.2PRODUCT LAUNCHES AND APPROVALS136
TABLE 108STERNAL CLOSURE SYSTEMS MARKET: PRODUCT LAUNCHES AND APPROVALS, 2019–2022136
10.9.3OTHER DEVELOPMENTS136
TABLE 109STERNAL CLOSURE SYSTEMS MARKET: OTHER DEVELOPMENTS, 2019–2022136
11COMPANY PROFILES137
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1KEY PLAYERS137
11.1.1DEPUY SYNTHES (PART OF JOHNSON & JOHNSON)137
TABLE 110JOHNSON & JOHNSON SERVICES, INC.: BUSINESS OVERVIEW137
FIGURE 34JOHNSON & JOHNSON SERVICES, INC: COMPANY SNAPSHOT (2021)138
11.1.2ZIMMER BIOMET HOLDINGS, INC140
TABLE 111ZIMMER BIOMET HOLDINGS, INC.: BUSINESS OVERVIEW140
FIGURE 35ZIMMER BIOMET HOLDINGS, INC.: COMPANY SNAPSHOT (2021)141
11.1.3B. BRAUN SE143
TABLE 112B. BRAUN SE: BUSINESS OVERVIEW143
FIGURE 36B. BRAUN SE: COMPANY SNAPSHOT (2021)144
11.1.4KLS MARTIN GROUP146
TABLE 113KLS MARTIN GROUP: BUSINESS OVERVIEW146
11.1.5STRYKER148
TABLE 114STRYKER: BUSINESS OVERVIEW148
FIGURE 37STRYKER: COMPANY SNAPSHOT (2021)149
11.1.6TELEFLEX INCORPORATED151
TABLE 115TELEFLEX INCORPORATED: BUSINESS OVERVIEW151
FIGURE 38TELEFLEX INCORPORATED: COMPANY SNAPSHOT (2021)152
11.1.7ACUMED LLC153
TABLE 116ACUMED LLC: BUSINESS OVERVIEW153
11.1.8IDEAR S.R.L154
TABLE 117IDEAR S.R.L: BUSINESS OVERVIEW154
11.1.9KINAMED INCORPORATED155
TABLE 118KINAMED INCORPORATED: BUSINESS OVERVIEW155
11.1.10ABLE MEDICAL DEVICES156
TABLE 119ABLE MEDICAL DEVICES: BUSINESS OVERVIEW156
11.2OTHER PLAYERS157
11.2.1PRAESIDIA157
11.2.1.1Products offered157
11.2.2ABYRX, INC.157
11.2.2.1Products offered158
11.2.3DISPOMEDICA158
11.2.3.1Products offered158
11.2.4JEIL MEDICAL CORPORATION159
11.2.4.1Products offered159
11.2.5CHANGZHOU WASTON MEDICAL APPLIANCE CO., LTD.159
11.2.5.1Products offered159
11.2.6NEOS SURGERY160
11.2.6.1Products offered160
11.2.7ORTOLOG MEDICAL160
11.2.7.1Products offered160
11.2.8MEDICON EG161
11.2.8.1Products offered161
11.2.9MEDXPERT GMBH161
11.2.9.1Products offered161
11.2.10CIRCUMFIX SOLUTIONS162
11.2.10.1Products offered162
11.2.11INVIBIO LTD.162
11.2.11.1Products offered162
11.2.12ARTHREX, INC.163
11.2.12.1Products offered163
11.2.13TTK HEALTHCARE LTD.163
11.2.13.1Products offered164
11.2.14LOTUS SURGICALS164
11.2.14.1Products offered164
11.2.15PETERS SURGICAL164
11.2.15.1Products offered165
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12APPENDIX166
12.1DISCUSSION GUIDE166
12.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL170
12.3CUSTOMIZATION OPTIONS172
12.4RELATED REPORTS172
12.5AUTHOR DETAILS173

Report Title: Sternal Closure Systems Market by Product (Closure Devices (Wires, Plate & Screw, Cable, Clips) Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, PEEK, Titanum) - Global Forecast to 2027


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