Stratview Research has published a new report titled “Sternal Closure Systems Market” which is segmented By Material (Stainless Steel, Polyether Ether Ketone (PEEK), Titanium), Product (Closure Devices, Bone Cement), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), and Region.
As per the study, the Sternal Closure Systems Market is projected to grow from USD 1.8 billion in 2020 to USD 2.4 billion by 2026 at a CAGR of around 5.2% during the forecast period.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
By product, the sternal closure systems market has been bifurcated into closure devices and bone cement. The closure devices segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. Closure devices include wire, plate & screw, clips, and cable.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the established presence of the healthcare industry coupled with expanding geriatric populace and the presence of key market players such as DePuy Synthes (US) and Zimmer Biomet (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare infrastructure development coupled with the rising number of surgical procedures.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Sternal Closure Systems Market:
- DePuy Synthes (US)
- Zimmer Biomet (US)
- KLS Martin Group (Germany)
- Acute Innovations LLC (US)
- Orthofix (US)
- A&E Medical (US)
- Praesidia Srl (Italy)
- Kinamed Inc (US)
- JACE Medical (US)
- Abyrx, Inc (US)
- Dispomedica GmbH (Germany)
- Waston Medical Corporation (China)
Key questions answered by the report
- What is the projected CAGR for revenue from the Sternal Closure Systems Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Sternal Closure Systems Market?
- Which are the major market players?
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