North America captured a major sternal closure system market share in 2022, followed by Europe. The increasing number of open-heart and coronary artery bypass grafting surgeries, the rising geriatric population, and the advanced healthcare infrastructure are the factors anticipated to contribute to the market growth in North American region. For instance, as per Detroit Medical Center , nearly 500,000 people in the US undergo open-heart surgery each year. Also, according to the data published by the New Jersey Department of Health in August 2022, there were 17,291 open heart surgeries performed in New Jersey in 2021. Similarly, the article published in the National Center for Biotechnology Information (NCBI) in May 2021 stated that about 15,000 people in Canada undergo coronary artery bypass grafting surgery every year.

Moreover, the growing number of individuals rising geriatric population among North American countries prone to cardiac disorders and needing cardiac surgeries is also expected to boost the demand for sternal closure systems, fueling market growth in North American countries. For instance, as per Statistics Canada, the older populace in Canada reached 2,308,041 in 2022 from 2,232,871 in 2021. Similarly, according to the Universidad Catolica de Murcia (UCAM) data published in 2022, around 12% of the Mexican population is over 60. Therefore, the factors mentioned above, the rising number of cardiac surgeries, the increasing geriatric population, and the presence of leading companies in the North American region, are projected to occupy a major share of the sternal closure system market during the forecast period.

Rising Technological Innovation in Sternotomy Techniques Drives Sternal Closure Systems Market Growth
Rapid advancements in The market for sternal closure systems is expected to grow due to continuous developments in sternotomy techniques and devices.Rapid advancements in materials and design of sternal closure system market products such as bbiocompatible polymers like polyether ether ketone (PEEK) and tritium, nitinol, pre-sternotomy plates are being that are used in sternal closure systems and preference forto perform minimal invasive median sternotomy procedures is increasing as a safe and effective treatment option. This hashave led to the development of stronger and biocompatible sternal closure techniques, . These advanced biocompatible polymers which have improved patient outcomes and reduced the risk of complications. For instance, in as per an article published by ScienceDirect in November 2022, a study was carried out to analyze the suitability and reliability of STRATAFIX Symmetric PDS Plus (manufactured by Ethicon), —a novel absorbable, multi-anchor knotless suture with antibacterial property properties manufactured by Ethicon for sternal closure in pediatric cardiac surgeries. The study demonstrated that this novel product provided positives results for the rate ofin addressing the issues of sternal wound infection and improved healing post- median sternotomy in pediatric patient.

Additionally,Several market players are involved in launching new products in the market to meet the growing consumer demand worldwide. For instance, in March 2021, Arthrex introduced FiberTape sternal closure system, which is claimed to be a purely nonmetallic and suture-based solution indicated for cardiothoracic surgery. This device is designed to provide a strong and biomechanically effective solution for median sternotomy. It enables surgeons to deliver uniform compression, ensuring sternal approximation and long-term stabilization.

Furthermore, in October 2022, NEOS Surgery received U.S. Food and Drug Administration (FDA) 510(k) approval for STERN FIX sternal stabilization system. The system is made from a unique material that combines carbon fiber with a PEEK polymer matrix. This results in providing stiffness similar to that of a bone, which helps reduce the risk of bone cut-through and ensures secure fixation of the sternum.
Therefore, the technological developments in sternotomy techniques are expected to be the sternal closure systems market trends during 2022-–2030.

Sternal Closure Systems Market: Segmental Overview

The sternal closure systems market, based on product, is bifurcated into closure devices and bone cement. In 2022, the closure devices segment held the a larger share of the market and is expected to register a higher CAGR in the market from 2022 to 2030. The sternal closure devices, by product, can be further categorized into sternal closure wires, sternal closure plates and screws, sternal closure clips, and sternal closure cables.

Based on procedure, the market is categorized into median sternotomy, hemisternotomy, bilateral thoracosternotomy, and others. The median sternotomy segment held the largest sternal closure systems market share in 2022 and is projected to register the highest CAGR from 2022 to 2030. Median sternotomy is preferred for valve surgery and reoperative settings for patients with favorable body habitus as it provides better cosmetic outcomes and is less traumatic.

Median sternotomy is preferred for valve surgery and reoperative settings as it is cosmetic and less traumatic .

The market, based on material, is segmented into titanium, polyether ether ketone (PEEK), stainless steel, and others. In 2022, the titanium polyether ether ketone stainless steel segment held the largest share of the market and polyether ether ketone is expected to register the highest CAGR in the market from 2022 to 2030.

Geographically, the sternal closure systems market report is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Spain, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Sternal Closure Systems Market: Competitive Landscape and Key Developments

Johnson & Johnson Services, Inc., A&E Medical Corporation, B. Braun Melsungen AG, DePuy Synthes, Acute Innovations LLC, KLS Martin Group, IDEAR S.R.L., Zimmer Biomet Holdings, Inc., ABYRX, Inc., and Kinamed, Inc. are among the top key players profiled in the sternal closure systems market forecastreport. These companies focus on technological advancements to presenting new hi-tech products, in theirtechnological advancements in existing product sportfolios, and geographic expansions to meet the growing consumer demand worldwide, which allows them to maintain their brand name in the global sternal closure systems market.

A few of the recent developments in the global sternal closure systems market report are mentioned below:

1. In February 2022, CircumFix Solutions received an investment ~ US$ 17 million for its new sternal closure orthopedic device from Evonik Venture Capital. This device stabilizes the sternum post-surgery utilizing the Evonik’s high- performance polymer.
2. In March 2021, A&E Medical Corporation received product approval for its Tritium Sternal Cable Plate System. This product is intended for the stabilization and fixation of fractures of the anterior chest wall, including sternal fixation following sternotomy and sternal reconstructive surgical procedures.
3. In December 2020, Zimmer Biomet Holdings, Inc. acquired A&E Medical Corporation, an international leader in developing and manufacturing cardiothoracic surgery products. This acquisition is intended to expand Zimmer Biomet’s portfolio of innovative and inclusive solutions for patients undergoing complex surgical procedures.
4. In September 2020, Johnson and Johnson Services, Inc. launched the Echelon Flex Endopath staplers with GST reloads designed to help surgeons achieve better patient outcomes with enhanced staple formation and reduced tissue trauma during thoracic surgeries.