#Sternal Closure Systems Market Industry
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#Sternal Closure Systems Market#Sternal Closure Systems Market Trends#Sternal Closure Systems Market Growth#Sternal Closure Systems Market Industry#Sternal Closure Systems Market Research#Sternal Closure Systems Market Report
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Sternal Closure Systems Market In-Depth Research On Basis By Product, Procedure, Material, Region And Forecast To 2030 : Grand View Research Inc.
San Francisco, 4 May 2023: The Report Sternal Closure Systems Market Size, Share & Trends Analysis Report By Product (Closure Devices, Bone Cement), By Procedure, By Material, And Segment Forecasts, 2022 – 2030 The global sternal closure systems market size is expected to reach USD 3.85 billion by 2030, expanding at a CAGR of 5.4% from 2022 to 2030, according to a new report by Grand View…
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#Sternal Closure Systems Industry#Sternal Closure Systems Market#Sternal Closure Systems Market 2030#Sternal Closure Systems Market Revenue#Sternal Closure Systems Market Share#Sternal Closure Systems Market Size
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Sternal Closure Systems Market Size, Share, Industry, Forecast and Outlook (2024-2031)
The Global Sternal Closure Systems Market size was valued at USD 2,295.25 Million in 2022 and is estimated to reach USD 3,446.26 Million by 2031, growing at a CAGR of 5.3% during the forecast period (2024-2031).
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Sternal Closure Implant, Global Market Size Forecast, Top 13 Players Market Share
Sternal Closure Implant Market Summary
Sternal closure implants are medical devices used in surgical procedures to close and stabilize the sternum, which is the long flat bone in the center of the chest. After certain types of surgeries, such as open-heart surgery or sternotomy (where the sternum is cut open for access), the sternum needs to be closed securely to promote healing and protect underlying organs.
Sternal closure implants typically consist of plates and screws made of biocompatible materials, such as titanium or stainless steel. These implants are carefully positioned on the sternum and used to bring the two halves of the sternum back together, ensuring proper alignment and stability. The screws are inserted into the bone to hold it securely in place.
The primary goals of using sternal closure implants are to provide support to the sternum during the healing process, reduce postoperative complications, and facilitate proper fusion of the bone. These implants are designed to withstand the demands of everyday movements and protect the sternum from excessive stress or displacement.
According to the new market research report "Global Sternal Closure Implant Market Report 2024-2030", published by QYResearch, the global Sternal Closure Implant market size is expected to reach USD 3467 million by 2030, at a CAGR of 4.6% during the forecast period.
Figure. Global Sternal Closure Implant Market Size (US$ Million), 2023-2030
Above data is based on report from QYResearch: Global Sternal Closure Implant Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
Market Drivers:
With the increasing lifespan of people and the rise in heart diseases, there is a growing demand for cardiac surgeries. The use of sternal closure implants can reduce the surgery time and recovery period, thereby enhancing surgical efficiency and patient rehabilitation speed. This, in turn, is driving the growth of the sternal closure implant market.
Restraint:
Changing healthcare regulations and policies may impact the market development of sternal closure implants, such as restrictions on medical insurance coverage. Additionally, sternal closure implants may not be suitable for certain high-risk patients, such as the elderly or those with other severe health issues.
Opportunity:
The sternal closure implant market still has room for growth, particularly in developing countries and emerging markets where there is an increasing medical demand. Moreover, ongoing technological innovation and research and development efforts will bring new opportunities to the sternal closure implant market, such as the development of lighter, more durable, and easier to implant materials.
Figure. Global Sternal Closure Implant Top 13 Players
Above data is based on report from QYResearch: Global Sternal Closure Implant Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
This report profiles key players of Sternal Closure Implant such as Johnson & Johnson, Zimmer Biomet, KLS Martin, Acumed, Stryker, B. Braun, Idear SRL, Able Medical Devices, Kinamed, Jeil Medical, Arthrex, Waston Medical, CircumFix Solutions Inc.
About The Authors
Tingyue Chen
Email: [email protected]
QYResearch Guangzhou Branch Analyst, as a member of the QYResearch Machinery Manufacturing Department, her main research directions are engineering machinery, electrical machinery, industrial robots and other fields. Some subdivided research topics include industrial heat treatment equipment, farm robots, X-ray fluoroscopy systems, etc. She is also engaged in the development of market segment reports and participates in the writing of customized projects.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Unveiling the Power of Data: Global Joint Replacement Market
A newly released Global Joint Replacement Market According to a Future Market Insights analysis report, the joint replacement market had global sales of US$ 17.1 billion in 2021. It is anticipated that the market would reach a valuation of US$ 27 billion by 2032, growing at a CAGR of 4.3% between 2022 and 2032. With a predicted CAGR of more than 4.1% from 2022 to 2032, knee replacement is anticipated to be the segment that generates the most income.
Joint reconstruction comes across as a remarkable part of global orthopedic devices vertical. The conditions adversely affecting joints are inclusive of all kinds of arthritis, bone degenerative diseases, osteoporosis, and the other injuries. It needs to be noted that these ailments no longer pertain to aging population. Sedentary lifestyles are responsible for these ailments.
Joint reconstruction encloses a broad spectrum of treatments like physiotherapy, surgeries, and pain management. The very first type of therapy preferred is that of ‘physiotherapy’. Though it caters to primary care, surgical procedures do prove to be permanent course of cure. Minimally invasive surgeries are preferred as they provide benefits like convenience factor for surgeons and patients alike, lesser timespan of hospital stay, and shorter ‘turnaround’ time. Artificial implants dominate the joint reconstruction devices market as they offer simple installation. Arthroscopes enable outpatient surgeries as well. Advanced tools include image magnifiers and pre-operative planning.
Get a Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-16281
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Joint Reconstruction Devices Market’ through its dedicated team of analysts and consultants. The bottom-up approach is bound to go a long way regarding the rapport with clientele. Also, micros and macros have been efficiently worked upon.
Key Takeaways: •North America holds more than 30% of the market share. This could be credited to the US housing a huge number of industry players.
•Europe stands second on the similar grounds and the status quo is expected to remain unchanged even going forward.
•The Asia-Pacific is expected to grow at the fastest rate in the joint reconstruction devices market. This could be attributed to FDI being approved by the governments of India and China. Japan is another country leading from the front.
•With increase in the number of distribution partners, Mexico and Brazil are expected to dominate joint reconstruction devices market for LATAM.
Competitive Devices •Smith + Nephew, in February 2022, did announce launching next generation handheld robotics platform called ‘CORI Surgical System’ at the commercial scale. It stands out from its counterparts with respect to compactness. Minimal set-up time along with portability implies that it could be moved from one theater to the other for optimizing patients’ flow via surgical units.
•Zimmer Biomet Holdings, Inc., in December 2020, did announce that it had completed acquisition of A&E Medical Corporation and its entire portfolio comprising sternal closure devices. They included cable systems, sternal sutures, and rigid fixation.
•DePuy Synthes, in March 2022, did acquire CUPTIMIZE Hip-Spine Analysis – a tool floated with the objective of better understanding and addressing effect of abnormal motion between pelvis and spine in certain patients who need THA (total hip arthroplasty). It improvises on surgical planning capabilities related to VELYS Hip Navigation (a solution from DePuy Synthes’ VELYS Digital Surgery platform for connected technologies).
•LimaCorporate, in October 2022, did receive approval from the US FDA for a new-fangled shoulder platform emphasized on glenoid baseplate. Humeral stem is 3D-printed in its entirety. This dental implant system, using patented TT (Trabecular Titanium) technology, does aim to obtain robust primary fixation with successful growth of secondary bone.
•Smith + nephew PLC, in September 2022, did launch OR3O dual mobility system for usage in revision and primary arthroplasty in Japan. “With success with respect to rheumatoid arthritis and osteoarthritis, the global joint reconstruction devices market is bound to grow inadvertently in the near future”, says an analyst from Future Market Insights.
How does the Report reconstruct itself? •The research study is based on technology (joint reconstruction devices for joint replacement, joint reconstruction devices for osteotomy, joint reconstruction devices for arthroscopy, joint reconstruction devices for resurfacing, joint reconstruction devices for arthrodesis, and joint reconstruction devices for other technologies), and by type (knee joint reconstruction devices, hip joint reconstruction devices, shoulder joint reconstruction devices, ankle joint reconstruction devices, and other joint reconstruction devices).
•With growing occurrences of orthopedic diseases coupled with increasing geriatric population, the global joint reconstruction devices market is expected to witness a noteworthy CAGR in the near future.
Key Segments Covered In The Joint Reconstruction Devices Industry Survey Joint Reconstruction Devices Market by Technology: •Joint Reconstruction Devices for Joint Replacement •Joint Reconstruction Devices for Osteotomy •Joint Reconstruction Devices for Arthroscopy •Joint Reconstruction Devices for Resurfacing •Joint Reconstruction Devices for Arthrodesis •Joint Reconstruction Devices for Other Technologies
Joint Reconstruction Devices Market by Type: •Knee Joint Reconstruction Devices •Hip Joint Reconstruction Devices •Shoulder Joint Reconstruction Devices •Ankle Joint Reconstruction Devices •Other Joint Reconstruction Devices
Joint Reconstruction Devices Market by Region: •North America Joint Reconstruction Devices Market •Latin America Joint Reconstruction Devices Market •Europe Joint Reconstruction Devices Market •Asia Pacific Joint Reconstruction Devices Market •Middle East & Africa Joint Reconstruction Devices Market
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Sternal Closure Systems Market projected to reach USD 3.17 billion by 2030
Sternal Closure Systems Market, By Product (Wires, Plates and Screws, Bone Cement, Cable, Clips, Others), Procedure (Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy), Material (Stainless Steel, Polyether Ether Ketone, Titanium), Fixation Techniques (Wiring Fixation Techniques, Plate-Screw Systems, Interlocking Systems, Cementing, Vacuum Assisted Closure), End Users (Hospitals, Specialized Surgical Centres) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
Market Overview
The global Sternal Closure Systems market size was estimated at USD 2.1 billion in 2023 and is projected to reach USD 3.17 billion in 2030 at a CAGR of 5.3% during the forecast period 2023-2030.
Sternal closure systems refer to the systems that are used in the fixation and stabilization of fractures of the anterior chest wall. The systems widely utilized in sternal fixation following sternal reconstructive surgical procedures for the purpose of promoting fusion.
The growth of the industry is driven by the increase in cardiac and thoracic surgeries, the introduction of innovative sternal closure systems and the increase in the number of elderly people worldwide. In addition, median sternotomy provides easy and quick access to heart valves and blood vessels, making it one of the most feasible sternal closure procedures.
The widespread use of innovative closure techniques due to the increase in the number of cardiothoracic surgical procedures can also be explained by the increase in the number of elderly people undergoing open heart surgery via median antrectomy. Because of its simplicity and rapid access to the valves and blood vessels, the median sternotomy remained the most commonly used method to expose the heart cavity. Accelerating technological improvements, including the use of biocompatible polymers such as polyether ether ketone (PEEK) and kryptonite bone cement, as well as pre-sternotomy plates and the emergence of minimally invasive median sternotomy procedures, are also likely to drive the expansion of the industry. The demand for surgical instruments has increased dramatically due to the increase in the number of surgical operations worldwide. In addition, the older population is at greater risk of cardiovascular disease due to poor diet and lack of exercise.
In addition, due to the increase in non-communicable diseases and serious injuries, developing countries also spend significantly on public medical infrastructure, which in turn significantly increases the number of surgical procedures here.
COVID-19 significantly affected the growth of the sternal closure system market due to strict lockdown regulations and shortage of sternal closure products in the early stages of the pandemic. Healthcare providers were also working with COVID-19 patients, access was limited to primary care, and the temporary closure of cardiology centers severely limited sternal procedures. According to a BMC study published in March 2021, a global study showed a 50% reduction in cardiac surgery during the pandemic and a 50% reduction in cardiac and intensive care beds in 2020. So, the impact is significant, cardiac surgery also had a significant impact on the sternal closure system, which contributed to the growth of the market.
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Delvens Industry Expert's Standpoint
The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. Yet The Closure Devices industry dominated the global sternal closure systems market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, the titanium devices had a sizable market share and are anticipated to increase at the fastest rate throughout the projection period. In 2021, North America dominated the global sternal closure systems market due to the presence of leading companies and the high prevalence of CVDs such as cardiac arrest and valvular heart disease in the zone.
Key Findings
The product segment is divided into closure devices and bone cement, with the former expected to maintain its dominant position in the industry; It also contributed the largest share of the revenue, 60% in 2022. The main drivers of that higher share are the introduction of new parts and the increase in surgical costs per capita in both developed and developing economies. Compared to bone cement, these devices had advantages such as reduced postoperative complications and infections. In addition, they have shown that patients recover faster. Moreover, this category is driven by the efforts of key players by introducing new technologies and products for breast closure.
The procedure segment is divided into hemisternotomy, bilateral thoracosternotomy, median sternotomy, and others. Of these, mediasteronotomy accounted for the largest share, approximately 55% in 2022. This procedure is the most common osteotomy in the world to allow easy access to the heart, lungs and surrounding structures during heart valve surgery and coronary artery bypass grafting. This is because it reduces the likelihood of problems such as skeletal complications, hardware problems including wire rotation or displacement; and postoperative infections. The incision allows access to both pleural spaces, making it useful for several thoracic procedures, including sternal goitre and esophagectomy.
The material segment is further bifurcated into stainless steel, polyether ketone and titanium. The titanium material dominated the demand for sternal closure systems, accounting for the majority of sales. Titanium's superiority can be attributed to its corrosion resistance, ability to efficiently enter human bones, and biocompatibility. Furthermore, titanium's non-ferromagnetic property, which enables patients with titanium implants to be examined safely under an MRI scan, is boosting the material's market penetration. Besides that, the high effectiveness, non-toxic quality, and reliability of titanium materials, and enhanced economic viability and profitability for innovative titanium clips and plates in both emerging and developed countries, are expected to boost the adoption of titanium-based sternal closure systems.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. With a large group of patients and well-established medical insurance programs, North America accounted for the largest significant market share. Additionally, the market for sternal closure systems is being fueled by an increase in joint efforts made by several key players to enhance their product offerings and maintain high-quality standards.
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Regional Analysis
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period because of the prevalence of heart-related disorders such as cardiac arrest and valvular heart disease within the region.
Competitive Landscape
Johnson & Johnson
DePuy Synthes
Zimmer Biomet Holdings (A&E Medical)
KLS Martin Group
Stryker
Acumed, LLC (Colson Medical, LLC)
Figure 8 Surgical
IDEAR S.R.L
Praesidia SRL
Kinamed Incorporated
Jace Medical
B Braun SE
Orthofix Holdings Inc
Abyrx Inc
Medical Devices Business Services, Inc.
Acute Innovations LLC
A&E Medical Corporation
Dispomedica
JEIL MEDICAL CORPORATION
Teleflex Incorporated
Changzhou Waston Medical Appliance Co., Ltd
Sklar Surgical Instruments
Recent Developments
• In 2022, Evonik Venture Capital announced its investment in CircumFix Solutions which is a Tennessee-based startup that developed a sternal closure device to improve patient recovery after open chest surgery. The device used n implant-grade polyetheretherketone (PEEK) from Evonik for better results.
• In 2021, NEOS Surgery presented their implantable surgical device known as STERN Fix which is made of a Carbon Peek Matrix at the 35th European Association for Cardio Thoracic Surgery (EACTS) annual meeting held from 13 to 16 October in Barcelona.
• In 2020, Zimmer Biomet announced the acquisition of A&E Medical for USD 250 Million which enhances Zimmer Biomet's Dental, Spine & Craniomaxillofacial, and Thoracic businesses.
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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Report Scope
The Sternal Closure Systems Market is segmented into various segments such product, procedure, material, fixation technique, end user and region:
Based on Product
Closure Device
Wires
Plates and Screws
Cable
Clips
Others
Bone Cement
Based on Procedure
Median Sternotomy
Hemisternotomy
Bilateral Thoracosternotomy
Based on the Material
Stainless Steel
Polyether Ether Ketone
Titanium
Based on the Fixation Techniques
Wiring Fixation Techniques
Plate-Screw Systems
Interlocking Systems
Cementing
Vacuum Assisted Closure
Based on End Users
Hospitals
Specialized Surgical Centres
Based on region
Asia Pacific
Japan
China
India
Australia
South Korea
Vietnam
New Zealand
Philippines
Thailand
Malaysia
Hong Kong
Taiwan
Singapore
Indonesia
Sri Lanka
Rest of Asia-Pacific
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
Austria
Finland
Belgium
Turkey
Russia
Poland
Hungary
Czech Republic
Switzerland
Netherlands
Rest of Europe
South America
Brazil
Argentina
Chile
Colombia
Rest of South America
Middle East & Africa
South Africa
U.A.E.
Saudi Arabia
Oman
Qatar
Iran
Egypt
Rest of Middle East and Africa
The prominent players in the Sternal Closure Systems market are
Johnson & Johnson
DePuy Synthes
Zimmer Biomet Holdings (A&E Medical)
KLS Martin Group
Stryker
Acumed, LLC (Colson Medical, LLC)
Figure 8 Surgical
IDEAR S.R.L
Praesidia SRL
Kinamed Incorporated
Jace Medical
B Braun SE
Orthofix Holdings Inc
Abyrx Inc
Medical Devices Business Services, Inc.
Acute Innovations LLC
A&E Medical Corporation
Dispomedica
JEIL MEDICAL CORPORATION
Teleflex Incorporated
Changzhou Waston Medical Appliance Co., Ltd
Sklar Surgical Instruments
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Joint Reconstruction Devices Market Growth, Trends, Production & Consumption Analysis With Forecast To 2022 to 2033
The global joint reconstruction devices market is worth US$ 26 Bn as of now and is expected to reach US$ 41.5 Bn by the year 2032 at a CAGR of 4.8% between 2022 and 2032.
Joint reconstruction comes across as a remarkable part of global orthopedic devices vertical. The conditions adversely affecting joints are inclusive of all kinds of arthritis, bone degenerative diseases, osteoporosis, and the other injuries. It needs to be noted that these ailments no longer pertain to aging population. Sedentary lifestyles are responsible for these ailments.
Joint reconstruction encloses a broad spectrum of treatments like physiotherapy, surgeries, and pain management. The very first type of therapy preferred is that of ‘physiotherapy’. Though it caters to primary care, surgical procedures do prove to be permanent course of cure. Minimally invasive surgeries are preferred as they provide benefits like convenience factor for surgeons and patients alike, lesser timespan of hospital stay, and shorter ‘turnaround’ time. Artificial implants dominate the joint reconstruction devices market as they offer simple installation. Arthroscopes enable outpatient surgeries as well. Advanced tools include image magnifiers and pre-operative planning.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Joint Reconstruction Devices Market’ through its dedicated team of analysts and consultants. The bottom-up approach is bound to go a long way regarding the rapport with clientele. Also, micros and macros have been efficiently worked upon.
Key Takeaways from Joint Reconstruction Devices Market
North America holds more than 30% of the market share. This could be credited to the US housing a huge number of industry players.
Europe stands second on the similar grounds and the status quo is expected to remain unchanged even going forward.
The Asia-Pacific is expected to grow at the fastest rate in the joint reconstruction devices market. This could be attributed to FDI being approved by the governments of India and China. Japan is another country leading from the front.
With increase in the number of distribution partners, Mexico and Brazil are expected to dominate joint reconstruction devices market for LATAM.
For More Information: https://www.futuremarketinsights.com/reports/joint-reconstruction-devices-market
Competitive Devices
Smith + Nephew, in February 2022, did announce launching next generation handheld robotics platform called ‘CORI Surgical System’ at the commercial scale. It stands out from its counterparts with respect to compactness. Minimal set-up time along with portability implies that it could be moved from one theater to the other for optimizing patients’ flow via surgical units.
Zimmer Biomet Holdings, Inc., in December 2020, did announce that it had completed acquisition of A&E Medical Corporation and its entire portfolio comprising sternal closure devices. They included cable systems, sternal sutures, and rigid fixation.
DePuy Synthes, in March 2022, did acquire CUPTIMIZE Hip-Spine Analysis – a tool floated with the objective of better understanding and addressing effect of abnormal motion between pelvis and spine in certain patients who need THA (total hip arthroplasty). It improvises on surgical planning capabilities related to VELYS Hip Navigation (a solution from DePuy Synthes’ VELYS Digital Surgery platform for connected technologies).
LimaCorporate, in October 2022, did receive approval from the US FDA for a new-fangled shoulder platform emphasized on glenoid baseplate. Humeral stem is 3D-printed in its entirety. This dental implant system, using patented TT (Trabecular Titanium) technology, does aim to obtain robust primary fixation with successful growth of secondary bone.
Smith + nephew PLC, in September 2022, did launch OR3O dual mobility system for usage in revision and primary arthroplasty in Japan.
“With success with respect to rheumatoid arthritis and osteoarthritis, the global joint reconstruction devices market is bound to grow inadvertently in the near future”, says an analyst from Future Market Insights.
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The Global Bone Growth Stimulator Market Is Expected To Garner US$ 3.1 Billion By 2032
In 2021, the global bone growth stimulator market was estimated to be worth $1.89 billion USD. By 2022, the market is expected to be worth US$ 1.99 billion, representing a 5.3% increase year on year. The bone growth stimulator market is expected to grow at a CAGR of 5.07% between 2022 and 2032, with a market value of US$ 3.1 billion. The growing prevalence of arthritis around the world has contributed to the market’s growth.
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Competition Analysis
Key players in the global bone growth stimulator market include Elizur Corporation, Johnson & Johnson, Arthrex Inc., DJO Global Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., Medtronic Plc., and Orthofix International N.V.
Recent Updates from the Industry Include :
In December 2020, Zimmer Biomet Holdings, Inc., announced that the company has concluded the acquisition of A&E Medical Corporation for $150 million in cash at closing and $100 million in cash payable in 2021. The deal is expected to have an immaterial impact to net earnings in 2020. Zimmer Biomet has acquired A&E Medical and its complete portfolio of sternal closure devices which includes sternal sutures, cable systems, and rigid fixation – along with a range of single-use complimentary temporary pacing wire and surgical punch products.
In March 2020, Orthofix Medical Inc., announced its acquisition of assets associated with FITBONE ® intramedullary lengthening system for limb lengthening of the femur and tibia bones. With the initiative, Orthofix becomes the only orthopedic company that offers a comprehensive portfolio of both internal and external fixation solutions for limb reconstruction.
Key Segments Covered
By Product :
Bone Growth Stimulation Devices
Platelet-Rich Plasma Bone Growth Stimulators
Bone Morphogenetic Protein Stimulators
By End User :
Hospitals & Clinics
Home Care
Academic & Research Institutes and CROS
Other End Users
By Application :
Delayed Union & Nonunion Bone Fractures
Spinal Fusion Surgeries
Oral and Maxillofacial Surgeries
Other Applications
By Region :
North America
Latin America
Europe
Japan
APEJ
MEA
How is the presence of established players in the region bolstering the market for bone growth stimulators? According to the analysis, Europe will be the second largest market for bone growth stimulators during the forecast period. From 2022 to 2032, the region is expected to grow at a 5% CAGR. The presence of various established players in the region can be attributed to the region’s development. Bioventus and Orthofix, for example, are expected to make significant contributions to the region’s dividends.
Key Questions Answered in Report
Which are the most lucrative markets for Imaging Chemicals?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the Imaging Chemicals industry?
What are the winning strategies of stakeholders in the market?
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Sternal Closure Systems Market Projected To Exhibit Robust CAGR of 5.6% For The Forecast Period From 2021 To 2028: Grand View Research Inc.
Sternal Closure Systems Market Projected To Exhibit Robust CAGR of 5.6% For The Forecast Period From 2021 To 2028: Grand View Research Inc.
San Francisco, 4 Feb 2021: The Report Sternal Closure Systems Market Size, Share & Trends Analysis Report By Product (Closure Devices, Bone Cement), By Procedure (Median Sternotomy, Bilateral Thoracosternotomy), By Material, By Region, And Segment Forecasts, 2021 – 2028 The global sternal closure systems market size is expected to reach USD 3.5 billion by 2028, according to a new report by Grand…
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#Sternal Closure Systems Industry#Sternal Closure Systems Market#Sternal Closure Systems Market 2021#Sternal Closure Systems Market Revenue#Sternal Closure Systems Market Share#Sternal Closure Systems Market Size
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he sternal closure systems market is expected to witness market growth at a rate of 7.10% in the forecast period of 2022 to 2029.
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Sternal Closure Systems Market Size, Strategies, Competitive & Factor Analysis 2028
Sternal Closure Systems Market Size, Strategies, Competitive & Factor Analysis 2028
The global sternal closure systems market size is expected to reach USD 2.68 Billion by 2028 according to a new study by Polaris Market Research. The report “Sternal Closure Systems Market Share, Size, Trends, Industry Analysis Report, By Product (Closure Devices, Bone Cement), By Material (Titanium, PEEK, Stainless Steel), By Procedure (Median Sternotomy, Hemisternotomy, Bilateral…
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