Titanium Segment, by Product to Account Larger Share in Pectus Bar Market during 2023-2031

According to our new research study on "Pectus Bar Market Forecast to 2031 - Global Analysis - by Type, End User, and Geography," the market was valued at US$ 52.96 million in 2023 and is projected to reach US$ 70.47 million by 2031; it is expected to register a CAGR of 3.6% during 2023-2031. Growing preference for minimally invasive procedures and use of biocompatible materials are among the most influential factors responsible for the pectus bar market growth. However, post-surgical complications hinder the market growth. Use of multiple pectus bars to support chest are expected to bring new pectus bar market trends in the coming years.

Generally, single-bar insertion applies a dynamic force on the vicinity of the bar, only correcting the deformity around it and not at distal regions. Therefore, the use of additional bars should be considered to exert force on multiple sites of the thorax, allowing the coverage of multiple rib levels. With pectus bar displacement being one of the most common post-surgical complications, several ongoing studies suggest the use of multiple pectus bars to ensure proper placement of the bar for a longer duration. Currently, three known surgical techniques are used in the multiple bar insertion approach: the parallel bar insertion technique, the XI bar insertion technique, and the crossbar insertion technique. According to the study "The effectiveness of double-bar correction for pectus excavatum: A comparison between the parallel bar and cross bar techniques," published by NLM in September 2020, parallel bars and cross bars are both used on a certain number of patients to check the effectiveness of these techniques. As per the study, both parallel bar and crossbar insertion techniques were more effective than single pectus bar; however, the crossbar technique is superior to the parallel bar technique for correcting complex and wide range of chest wall deformities. Moreover, various ongoing studies reveal that the multiple bar techniques can easily avoid complications associated with the use of a single bar. As per one such study "Modification of the Nuss procedure: the crossed bar technique for new subtypes of pectus excavatum," published by Springer in March 2023, about 99% of patients reported satisfaction with the crossbar technique after six months post-surgery. Thus, the increasing inclination toward the use of multiple pectus bars instead of a single bar for the treatment can act as a trend for fueling the growth of the pectus bar market in the upcoming years.

Based on type, the pectus bar market is divided into titanium and stainless steel. The titanium segment held the largest market share in 2023. Titanium alloy plate is preferred for repairing pectus excavatum over stainless steel, as it allows for easy visibility and does not interfere with MRI examinations. Compared with stainless steel bars, the titanium alloy plate conforms well to the body and has a high affinity. Its high elasticity reduces the risk of complications such as dislocation, as it allows external force to escape in a controlled direction. Using titanium alloy plates for the Nuss procedure is beneficial due to their strength and ability to address inconveniences associated with bar insertion.

Though the Nuss procedure is safe and effective, complications can arise. Metal allergies are among the commonly reported complications. Therefore, titanium bars are recommended for patients with metal sensitivity, as titanium is a biocompatible metal. However, there is room for a few allergic reactions with the use of titanium bars because these bars are composed of titanium alloy containing trace amounts of other metals, such as vanadium and aluminum. Oral steroids are prescribed to treat metal allergies.

The global pectus bar market, based on end user is segmented into hospitals, specialty clinics, and others. In 2023, the hospitals segment is likely to hold a larger share of the market. Hospitals are primary contact points for patients for the diagnosis and treatment of various conditions. Infrastructure available in hospitals helps professionals provide high-quality care for people suffering from various disease conditions. The hospitals segment is estimated to hold a considerable share as most patients in emerging nations and developed countries prefer to visit hospitals for various health-related problems. Multispecialty hospitals offer diagnostic and therapeutic services for various thoracic conditions. These healthcare facilities also help patients through reimbursement provisions and assistance.

Below are a few renowned hospitals and their stats on pectus excavatum procedures performed:

A total of 115 patients underwent the thoracoscopic-assisted Nuss procedure to treat pectus excavatum at the Department of Thoracic Surgery of Yunnan First People's Hospital from January 2017 to January 2022.

Isar Intercontinental Hospital is one of the top 10 hospitals in Turkey and holds an international JCI certificate from the US. The hospital has performed over 800 pectus excavatum surgeries.

The Johns Hopkins Children's Center offers treatment for pectus excavatum. The pectus program at the center is staffed by an experienced pediatric surgical team specializing in treating chest wall deformities. The team provides support for young children and adolescents with these disorders before, during, and after correction. It consists of pediatric surgeons, pediatric anesthesiologists, pediatric nurse practitioners, pediatric radiologists, and a dedicated post-surgery nursing team

KLS Martin Group, IDEAR SRL, Biotech GmbH, Zimmer Biomet Holdings Inc, Ventura Medical Technologies, MedXpert GmbH are among the leading companies operating in the global pectus bar market.

Companies operating in the pectus bar market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the pectus bar market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall pectus bar market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.

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