increasing target patient population is driving the Sternal Closure Systems Market
Technavio analyzes that the Sternal Closure Systems Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 584.9 million.There are various factors that contribute to the growth of the market. The Sternal Closure Systems market is experiencing significant growth due to the expanding target patient population. With an increasing number of individuals undergoing surgical procedures, particularly cardiothoracic surgeries, the demand for effective and efficient sternal closure solutions is on the rise. These systems facilitate faster recovery, minimize complications, and ensure optimal patient outcomes. The market is expected to continue its upward trajectory as advancements in technology further enhance the benefits of these systems.
The Closure Devices segment in the global Sternal Closure Systems market holds a significant market share in 2023, driven by the introduction of innovative products and advancements in surgical techniques. These devices, which comprise wires, plates, screws, cables, and clips, offer advantages such as increased stability and decreased risk of complications like sternal instability and infection post-sternotomy procedures. The increasing prevalence of cardiovascular diseases and the rising number of open-heart surgeries are fueling demand for these devices. Healthcare providers are continually seeking to enhance patient outcomes and streamline surgical processes, making the Closure Devices segment a critical area of growth. This expansion is further bolstered by ongoing research and development initiatives aimed at improving product efficacy and safety. Key trends in this segment include the use of materials like obesity-friendly biomaterials, osteoporosis-friendly wires, and nutritional status-sensitive designs. Rigid plate fixation, clips, flat wires, and titanium cables are some of the popular closure devices in the market.
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Sternal Closure Systems Market Segmentation
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The Sternal Closure Systems Market caters to the needs of cardiac surgery patients with sternal closure solutions that address sternal instability issues, including dehiscence and non-union. Sternal closure techniques, such as sternal wires, rigid plate fixation, clips, flat wires, and titanium cables, aim to prevent mediastinal complications like cut-through, increased pain, and mortality rate. Factors like upper body strength, sternal instability, and comorbidities like lung disease, renal insufficiency, diabetes, obesity, and osteoporosis impact the choice of sternal closure systems. The market offers various configurations, including standard wire cerclage in transverse and crossed patterns, to address individual patient needs. Postoperative pain and hospitalization cost are significant considerations in the selection process.
The Sternal Closure Systems market is a segment of the expansive Global Healthcare Equipment Market, which encompasses entities involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, implants, accessories, and consumables. These products are utilized in the diagnosis, monitoring, and treatment of diverse disease areas. According to Technavio, the global healthcare equipment market's size is determined by the consolidated revenue generated by manufacturers of diagnostic equipment and devices. The healthcare equipment industry is segmented into Devices, which includes advanced, differentiated, and clinically tested data-driven devices. The Sternal Closure Systems market specifically focuses on surgical techniques for sternal closure, employing sternal wires to maintain upper body strength and prevent sternal instability, complications such as dehiscence and non-union.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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