The sternal closure systems market forecast can help stakeholders in this marketplace plan their growth strategies. The market is projected to grow from US$ 3.88 billion in 2022 to US$ 5.74 billion by 2030; it is projected to register a CAGR of 5.0% during 2022-2030.

Deep sternal wound infection is among the most lethal complications that a patient experiences post-heart surgery. Cardiac and thoracic surgery includes opening the sternum. A sternal closure is utilized to close the sternum after heart and chest cavity surgery. Closure of the sternum is one of the effective procedures to control the incidence of wound dehiscence. Sternum closure devices comprise plates, wires, screws, and cables, and these devices are made of titanium, peek, or stainless steel.

Market Drivers affecting Sternal Closure Systems Market

According to the statistics provided in National Institute of Health article published in June 2022, more than 2 million people undergo open-heart surgery yearly to treat multiple heart problems globally. As per the same source, almost 400,000 coronary artery bypass graft surgeries are performed each year, making it the most frequently performed major surgical procedure; such a high number of open-heart surgeries is anticipated to drive demand of the sternal closure systems as they are majorly used in open heart surgeries to rejoin the sternum, thus augmenting the sternal closure system market growth. Moreover, there is an increase in investment in public health care infrastructure in developing countries, owing to a rise in the noncommunicable disease burden and injuries. This is anticipated to boost number of surgical procedures in developing regions. Factors such as technological innovation in sternotomy techniques, a rise in the patient population, an increase in the number of surgical procedures, a large senior population undergoing open heart surgery, and an increase in the availability of medical reimbursements in developed countries are expected to propel the demand for sternal closure systems products during the forecast period.

Sternal Closure Systems Market Analysis based on the Segmental Share:

The sternal closure systems market, by product, is bifurcated into closure devices and bone cement. In 2022, the closure devices segment held the 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 closure devices, can be further categorized into sternal closure wires, sternal closure plates and screws, sternal closure clips, sternal closure cables.

The market, by 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 of the market 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.

Based on material, the market is segmented into titanium, Polyether Ether Ketone (PEEK), stainless steel, and others. In 2022, the titanium segment held the largest sternal closure systems market share and polyether ether ketone is expected to register the highest CAGR in the market from 2022 to 2030.

Regional Sternal Closure System Market Analysis:

North America captured a major market share in 2022, followed by Europe. The growing 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 increase in the sternal closure systems market size in the 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, 17,291 open heart surgeries were 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 annually.

Moreover, the 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 the sternal closure system market growth. For instance, according to Statistics Canada, the older populace in Canada reached 2,308,041 in 2022 from 2,232,871 in 2021. Similarly, according to the 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 sternal closure system market share during the forecast period.