North America Sternal Closure Systems Market Size, Share & Trends Analysis Report By Type, (Closure Devices and Bone Cement), By Procedure, By Material Type, By Country and Growth Forecast, 2024 - 2031

Analysis of Market Size & Trends

The North America Sternal Closure Systems Market would witness market growth of 4.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Sternal Closure Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $856.4 million by 2031. The Canada market is experiencing a CAGR of 6.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).

The rising prevalence of cardiovascular diseases worldwide has led to an increase in the number of cardiac surgeries performed annually. Procedures such as CABG, heart valve replacement, and heart transplant surgeries require sternotomy, creating a substantial demand for it.

Additionally, cardiac surgeries become more complex, there is a growing need for advanced sternal closure systems to provide stable and secure sternum closure, thereby reducing the risk of postoperative complications.

The growing aging population in Canada puts increased pressure on the healthcare system to provide timely and effective medical interventions. Access to cardiac surgeries and associated medical devices, including this, is essential for meeting the healthcare needs of older adults in Canada. Heart valve problems, aortic aneurysms, and coronary artery disease are among the cardiovascular diseases that older persons in Canada are more likely to develop.

Free Valuable Insights: The Sternal Closure Systems Market is Predict to reach 3.6 Billion by 2031, at a CAGR of 5.2%

Based on Type, the market is segmented into Closure Devices and Bone Cement. Based on Procedure, the market is segmented into Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, and Others. Based on Material Type, the market is segmented into Titanium, Stainless Steel, Polyether Ether Ketone (PEEK) and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

• Johnson & Johnson
• KLS Martin Group
• Orthofix Medical, Inc. (Breg, Inc.)
• Kinamed Inc.
• Braun Melsungen AG
• Stryker Corporation
• Medtronic PLC
• Zimmer Biomet Holdings, Inc.
• Acumed LLC (Colson Medical, Inc.)
• Able Medical Devices

North America Sternal Closure Systems Market Report Segmentation

By Type

• Closure Devices
• Bone Cement

By Procedure

• Median Sternotomy
• Hemisternotomy
• Bilateral Thoracosternotomy
• Others

By Material Type

• Titanium
• Stainless Steel
• Polyether Ether Ketone (PEEK)
• Others

By Country

• US
• Canada
• Mexico
• Rest of North America