Sternal closure systems are designed to help with the stabilisation and repair of anterior chest wall fractures. The systems are used to facilitate sternal fusion following sternotomies and sternal reconstructive surgical procedures. During the forecast period, factors such as technological advancements in sternotomy techniques, an increase in the patient population, an increase in the number of surgical procedures, a large geriatric population undergoing open heart surgery, and increased availability of medical reimbursements in developed countries are expected to drive demand for sternal closure systems. Furthermore, as the burden of noncommunicable diseases and injuries grows in emerging countries, so does investment in public health care infrastructure.
Over the forecast period, the sternal
closure systems market is expected to develop at a CAGR of
roughly 5.3 percent. The rising frequency of chronic wounds in the chest area,
as well as the rising number of open-heart surgeries, are two important factors
driving market expansion. According to the American Heart Association, over one
million patients worldwide receive open-heart surgery each year to combat
cardiovascular disease, and over 700,000 open-heart procedures involving
mid-line sternotomies are conducted each year in the United States.
Furthermore, developments in sternotomy procedures, as well as an increase in
the availability of medical reimbursements in industrialised countries, are
increasing market expansion. The growing popularity of alternative methods, on
the other hand, is a key downside of market expansion.
Due to a growth in the number
of difficult cardiovascular procedures and increased availability of medical
reimbursements across developed economies, the closure device category is
expected to grow at a high CAGR during the forecast period. Due to the huge
number of critical patients suffering from cardiovascular disorders, the median
sternotomy segment is likely to account for a significant market share. Due to
ease and quick access to heart valves and arteries, this treatment has been
deemed the most preferred technique for cardiac exposure. Prior to and after
heart surgery, sternotomy and sternal closure are performed.