Sternal Closure Systems Market Report 2019

Sternal Closure Systems Market Highlights:

Sternum closure systems are used to close the sternum and are the last step-in open-heart surgery. This technique involves steel wires that are wrapped around the halves of the sternum to close it. The global sternal closure systems market is majorly driven by, rising geriatric populations, abuse of alcohol and drugs, the high prevalence of cardiac diseases, and growing penetration of key market players.

The sternal closure systems market is expected to register a CAGR of 5% and reach USD 2500 million during the forecast period. Open heart surgery has been a huge success today.

Global Sternal Closure Systems Market is majorly driven by, rising geriatric populations, abuse of alcohol and drugs, the high prevalence of cardiac diseases, and growing penetration of key market players. Furthermore, raising awareness of healthcare, favorable reimbursement policies, increasing advanced technical devices, increasing innovations in research and development of medical devices, as well as rising average income of individuals, are fueling the market growth

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Industry Segmentation

The global sternal closure systems market is segmented on the basis of product type, procedure, closure material type and end-user.

According to the product type, the market is segmented closure devices and bone cement. Closure devices are further segmented into wires, plates & screws, clips, and cables.

Considering the type of procedure, the market is segmented into median sternotomy, bilateral thoracosternotomy, hemisternotomy, and others.

According to the closure material type, the market is segmented into stainless steel, titanium, and others.

On account of end-user, the market is segmented into, hospitals & clinic, research institutes, and others.

Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas region is segmented into North America and South America. Similarly, Europe is segmented into Western Europe and Eastern Europe.

Competitive Analysis by Major Key Players

Some of the key players in the Sternal closure systems market are Depuy Synthes, Zimmer Biomet Holdings, Orthofix International N.V., A&E Medical, Kinamed Incorporated, Abyrx, Jace Medical, Jeil Medical Corporation, and Acute Innovations.

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About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Written by Rohit MRFR

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions

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