The Europe sternal closure systems market size is expected to reach USD 1.17 billion by 2030. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. The increasing number of R&D activities by key market players and the growing geriatric population base are some of the factors expected to fuel the market growth.
A rise in public awareness programs related to the importance of early medical intervention to prevent premature deaths due to cardiac arrest is a major factor leading to an increase in the number of surgeries being performed.
A sedentary lifestyle, poor nutrition, lack of physical activity, and smoking are some of the factors that have led to an increase in the prevalence of cardiovascular diseases, obesity, cancer, and diabetes globally. The rising prevalence of lifestyle disorders and increasing per capita expenditure are some of the key factors leading to an increase in the number of surgical procedures globally.
The growing geriatric population, which is susceptible to chronic cardiovascular disorders, is leading to an increase in the number of cardiovascular procedures, thus boosting the demand for sternal closure systems globally. Moreover, lack of exercise and poor nutrition increases the risk of heart disease among the elderly population. Furthermore, the easy availability of innovative and low-cost techniques in the market is anticipated to fuel the growth of the market in the near future.
A rise in public awareness programs related to the importance of early medical intervention to prevent premature deaths due to cardiac arrest is a major factor leading to an increase in the number of surgeries being performed.
A sedentary lifestyle, poor nutrition, lack of physical activity, and smoking are some of the factors that have led to an increase in the prevalence of cardiovascular diseases, obesity, cancer, and diabetes globally. The rising prevalence of lifestyle disorders and increasing per capita expenditure are some of the key factors leading to an increase in the number of surgical procedures globally.
The growing geriatric population, which is susceptible to chronic cardiovascular disorders, is leading to an increase in the number of cardiovascular procedures, thus boosting the demand for sternal closure systems globally. Moreover, lack of exercise and poor nutrition increases the risk of heart disease among the elderly population. Furthermore, the easy availability of innovative and low-cost techniques in the market is anticipated to fuel the growth of the market in the near future.
Europe Sternal Closure Systems Market Report Highlights
- Based on product, the closure devices segment held the highest market share in 2022 owing to its increased preference and high adoption rate
- Based on material, the titanium segment held a higher share in 2022 owing to benefits such as the biocompatibility of titanium corrosion-resistant, and the ability to effectively join human bones
- Based on procedure, median sternotomies held considerable market share owing to their increasing preference among the patients
- In terms of country, Germany held the highest market share in 2022 due to a rise in the prevalence of cardiothoracic surgeries and a well-established healthcare system
- The COVID-19 pandemic negatively impacted the sternal closure systems as it resulted in reduced hospital visits leading to a fall in the number of elective surgeries
- Some of the key market players are Zimmer Biomet; Johnson & Johnson; B. Braun Melsungen AG; Orthofix Holdings, Inc.; and GE Healthcare
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Procedure
1.1.3. Material
1.1.4. Regional scope
1.1.5. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.3.5.1. Data for primary interviews in Europe
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.2. Approach 1: Commodity flow approach
1.6.3. Volume price analysis (Model 2)
1.6.4. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective 1
1.9.2. Objective 2
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Procedure outlook
2.2.3. Material outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Europe Sternal Closure Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Rising number of cardiothoracic surgeries
3.4.1.2. Growing geriatric population
3.4.1.3. Increasing number of R&D activities and product launches
3.4.2. Market restraint analysis
3.4.2.1. High post-operative morbidity and mortality
3.5. Sternal Closure Systems Surgery Market Analysis Tools
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
Chapter 4. Europe Sternal Closure Systems Market: Product Estimates & Trend Analysis
4.1. Definitions and Scope
4.1.1. Closure Devices
4.1.2. Bone Cement
4.2. Product Market Share, 2022 & 2030
4.3. Segment Dashboard
4.4. Global Sternal Closure Systems Market by Product Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Closure Devices
4.5.1.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.2. Sternal Closure Wires
4.5.1.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.3. Sternal Closure Plates and Screws
4.5.1.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.4. Sternal Closure Clips
4.5.1.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.1.5. Sternal Closure Cables
4.5.1.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Bone Cement
4.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Europe Sternal Closure Systems Market: Procedure Estimates & Trend Analysis
5.1. Definitions and Scope
5.1.1. Median Sternotomy
5.1.2. Hemisternotomy
5.1.3. Bilateral Sternotomy
5.1.4. Others
5.2. Procedure Market Share, 2023 & 2030
5.3. Segment Dashboard
5.4. Global Sternal Closure Systems Market by Procedure Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Median Sternotomy
5.5.1.1. Market estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Hemisternotomy
5.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
5.5.3. Bilateral Sternotomy
5.5.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
5.5.4. Others
5.5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Europe Sternal Closure Systems Market: Material Estimates & Trend Analysis
6.1. Definitions and Scope
6.1.1. Stainless Steel
6.1.2. Polyether Ether Ketone (PEEK)
6.1.3. Titanium
6.1.4. Others
6.2. Material Market Share, 2022 & 2030
6.3. Segment Dashboard
6.4. Global Sternal Closure Systems Market by End-use Outlook
6.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
6.5.1. Stainless Steel
6.5.1.1. Market estimates and forecast 2018 to 2030 (USD Million)
6.5.2. Polyether ether Ketone (PEEK)
6.5.2.1. Market estimates and forecast 2018 to 2030 (USD Million)
6.5.3. Titanium
6.5.3.1. Market estimates and forecast 2018 to 2030 (USD Million)
6.5.4. Others
6.5.4.1. Market estimates and forecast 2018 to 2030 (USD Million
Chapter 7. Europe Sternal Closure Systems Market: Country-wise Estimates & Trend Analysis
7.1. Country-wise market share analysis, 2022 & 2030
7.2. Country-wise Market Dashboard
7.3. Europe Country-wise Market Snapshot
7.4. Country-wise Market Share and Leading Players, 2022
7.4.1. U.K.
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.5. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
7.5.1. U.K.
7.5.2. Germany
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.6. Europe
7.6.1. U.K.
7.6.1.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
7.6.2. Germany
7.6.2.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
7.6.3. France
7.6.3.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
7.6.4. Italy
7.6.4.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
7.6.5. Spain
7.6.5.1. Market estimates and forecast, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization
8.2.1. Innovators
8.2.2. List of key distributors and channel partners
8.2.3. Key customers
8.2.4. Key company market share analysis, 2022
8.2.5. DePuy Synthes.
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Zimmer Biomet
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. KLS Martin Group
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Orthofix Holdings, Inc.
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. A&E Medical Corporation
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Jace Medical, LLC
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. ACUTE Innovations SA
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. Abyrx, Inc.
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives
8.2.13. Kinamed Incorporated
8.2.13.1. Company overview
8.2.13.2. Financial performance
8.2.13.3. Product benchmarking
8.2.13.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 Europe sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 3 Europe sternal closure systems market, by procedure, 2018 - 2030 (USD Million)
Table 4 Europe sternal closure systems market, by material, 2018 - 2030 (USD Million)
Table 5 Europe sternal closure systems market, by country, 2018 - 2030 (USD Million)
Table 6 Germany sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 7 Germany sternal closure systems market, by procedure, 2018 - 2030 (USD Million)
Table 8 Germany sternal closure systems market, by material, 2018 - 2030 (USD Million)
Table 9 U.K. sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 10 U.K. sternal closure systems market, by procedure, 2018 - 2030 (USD Million)
Table 11 U.K. sternal closure systems market, by material, 2018 - 2030 (USD Million)
Table 12 France sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 13 France sternal closure systems market, by material, 2018 - 2030 (USD Million)
Table 14 France sternal closure systems market, by procedure, 2018 - 2030 (USD Million)
Table 15 Italy sternal closure systems market, by material, 2018 - 2030 (USD Million)
Table 16 Italy sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 17 Italy sternal closure systems market, by end-use, 2018 - 2030 (USD Million)
Table 18 Spain sternal closure systems market, by procedure, 2018 - 2030 (USD Million)
Table 19 Spain sternal closure systems market, by product, 2018 - 2030 (USD Million)
Table 20 Spain sternal closure systems market, by material, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Market research process
Fig. 3 Data triangulation techniques
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Europe sternal closure systems market: Executive summary
Fig. 10 Market driver relevance analysis (Current & future impact)
Fig. 11 Market restraint relevance analysis (Current & future impact)
Fig. 12 Penetration & growth prospect mapping
Fig. 13 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 14 Porter’s five forces analysis
Fig. 15 Europe sternal closure systems market: Product movement analysis
Fig. 16 Europe sternal closure systems market: Product outlook and key takeaways
Fig. 17 Closure devices Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 18 Sternal closure wires Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 19 Sternal closure plates and screws Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 20 Sternal closure clips Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 21 Sternal closure cables Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 22 Bone cement Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 23 Europe sternal closure systems market: Material movement analysis
Fig. 24 Europe sternal closure systems market: Material outlook and key takeaways
Fig. 25 Stainless steel Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 26 Polyether ether ketone (PEEK) Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 27 Titanium Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 28 Others Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 29 Europe sternal closure systems market: Procedure movement analysis
Fig. 30 Europe sternal closure systems market: Procedure outlook and key takeaways
Fig. 31 Median sternotomy Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 32 Hemisternotomy Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 33 Bilateral thoracosternotomy Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 34 Others Europe sternal closure systems market estimates and forecast, 2018 - 2030 (USD Million)
Fig. 35 Europe sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 36 U.K. sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 37 Germany sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 38 France sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 39 Italy sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 40 Spain sternal closure systems market, 2018 - 2030 (USD Million)
Fig. 41 Market Participant categorization
Fig. 42 Market participant categorization- Europe sternal closure systems market
Companies Mentioned
- DePuy Synthes.
- Zimmer Biomet
- KLS Martin Group
- Orthofix Holdings, Inc.
- A&E Medical Corporation
- Jace Medical, LLC
- ACUTE Innovations SA
- Abyrx, Inc.
- Kinamed Incorporated
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 77 |
| Published | January 2023 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 803.1 Million |
| Forecasted Market Value ( USD | $ 1170 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 9 |
