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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Sternal Closure Systems Market, by Type
1.4.2 North America Sternal Closure Systems Market, by Procedure
1.4.3 North America Sternal Closure Systems Market, by Material Type
1.4.4 North America Sternal Closure Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Sternal Closure Systems Market by Type
4.1 North America Closure Devices Market by Country
4.2 North America Bone Cement Market by Country
Chapter 5. North America Sternal Closure Systems Market by Procedure
5.1 North America Median Sternotomy Market by Country
5.2 North America Hemisternotomy Market by Country
5.3 North America Bilateral Thoracosternotomy Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Sternal Closure Systems Market by Material Type
6.1 North America Titanium Market by Country
6.2 North America Stainless Steel Market by Country
6.3 North America Polyether Ether Ketone (PEEK) Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Sternal Closure Systems Market by Country
7.1 US Sternal Closure Systems Market
7.1.1 US Sternal Closure Systems Market by Type
7.1.2 US Sternal Closure Systems Market by Procedure
7.1.3 US Sternal Closure Systems Market by Material Type
7.2 Canada Sternal Closure Systems Market
7.2.1 Canada Sternal Closure Systems Market by Type
7.2.2 Canada Sternal Closure Systems Market by Procedure
7.2.3 Canada Sternal Closure Systems Market by Material Type
7.3 Mexico Sternal Closure Systems Market
7.3.1 Mexico Sternal Closure Systems Market by Type
7.3.2 Mexico Sternal Closure Systems Market by Procedure
7.3.3 Mexico Sternal Closure Systems Market by Material Type
7.4 Rest of North America Sternal Closure Systems Market
7.4.1 Rest of North America Sternal Closure Systems Market by Type
7.4.2 Rest of North America Sternal Closure Systems Market by Procedure
7.4.3 Rest of North America Sternal Closure Systems Market by Material Type
Chapter 8. Company Profiles
8.1 Johnson & Johnson
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental & Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 KLS Martin Group
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Orthofix Medical, Inc. (Breg, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Kinamed Inc.
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 B. Braun Melsungen AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Stryker Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Medtronic PLC
8.7.1 Company overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 SWOT Analysis
8.8 Zimmer Biomet Holdings, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Acumed LLC (Colson Medical, Inc.)
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Able Medical Devices
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
8.10.3 SWOT Analysis
TABLE 1 North America Sternal Closure Systems Market, 2020 - 2023, USD Million
TABLE 2 North America Sternal Closure Systems Market, 2024 - 2031, USD Million
TABLE 3 North America Sternal Closure Systems Market by Type, 2020 - 2023, USD Million
TABLE 4 North America Sternal Closure Systems Market by Type, 2024 - 2031, USD Million
TABLE 5 North America Closure Devices Market by Country, 2020 - 2023, USD Million
TABLE 6 North America Closure Devices Market by Country, 2024 - 2031, USD Million
TABLE 7 North America Bone Cement Market by Country, 2020 - 2023, USD Million
TABLE 8 North America Bone Cement Market by Country, 2024 - 2031, USD Million
TABLE 9 North America Sternal Closure Systems Market by Procedure, 2020 - 2023, USD Million
TABLE 10 North America Sternal Closure Systems Market by Procedure, 2024 - 2031, USD Million
TABLE 11 North America Median Sternotomy Market by Country, 2020 - 2023, USD Million
TABLE 12 North America Median Sternotomy Market by Country, 2024 - 2031, USD Million
TABLE 13 North America Hemisternotomy Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Hemisternotomy Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Bilateral Thoracosternotomy Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Bilateral Thoracosternotomy Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Sternal Closure Systems Market by Material Type, 2020 - 2023, USD Million
TABLE 20 North America Sternal Closure Systems Market by Material Type, 2024 - 2031, USD Million
TABLE 21 North America Titanium Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Titanium Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Stainless Steel Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Stainless Steel Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Polyether Ether Ketone (PEEK) Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Polyether Ether Ketone (PEEK) Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Others Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Others Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Sternal Closure Systems Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Sternal Closure Systems Market by Country, 2024 - 2031, USD Million
TABLE 31 US Sternal Closure Systems Market, 2020 - 2023, USD Million
TABLE 32 US Sternal Closure Systems Market, 2024 - 2031, USD Million
TABLE 33 US Sternal Closure Systems Market by Type, 2020 - 2023, USD Million
TABLE 34 US Sternal Closure Systems Market by Type, 2024 - 2031, USD Million
TABLE 35 US Sternal Closure Systems Market by Procedure, 2020 - 2023, USD Million
TABLE 36 US Sternal Closure Systems Market by Procedure, 2024 - 2031, USD Million
TABLE 37 US Sternal Closure Systems Market by Material Type, 2020 - 2023, USD Million
TABLE 38 US Sternal Closure Systems Market by Material Type, 2024 - 2031, USD Million
TABLE 39 Canada Sternal Closure Systems Market, 2020 - 2023, USD Million
TABLE 40 Canada Sternal Closure Systems Market, 2024 - 2031, USD Million
TABLE 41 Canada Sternal Closure Systems Market by Type, 2020 - 2023, USD Million
TABLE 42 Canada Sternal Closure Systems Market by Type, 2024 - 2031, USD Million
TABLE 43 Canada Sternal Closure Systems Market by Procedure, 2020 - 2023, USD Million
TABLE 44 Canada Sternal Closure Systems Market by Procedure, 2024 - 2031, USD Million
TABLE 45 Canada Sternal Closure Systems Market by Material Type, 2020 - 2023, USD Million
TABLE 46 Canada Sternal Closure Systems Market by Material Type, 2024 - 2031, USD Million
TABLE 47 Mexico Sternal Closure Systems Market, 2020 - 2023, USD Million
TABLE 48 Mexico Sternal Closure Systems Market, 2024 - 2031, USD Million
TABLE 49 Mexico Sternal Closure Systems Market by Type, 2020 - 2023, USD Million
TABLE 50 Mexico Sternal Closure Systems Market by Type, 2024 - 2031, USD Million
TABLE 51 Mexico Sternal Closure Systems Market by Procedure, 2020 - 2023, USD Million
TABLE 52 Mexico Sternal Closure Systems Market by Procedure, 2024 - 2031, USD Million
TABLE 53 Mexico Sternal Closure Systems Market by Material Type, 2020 - 2023, USD Million
TABLE 54 Mexico Sternal Closure Systems Market by Material Type, 2024 - 2031, USD Million
TABLE 55 Rest of North America Sternal Closure Systems Market, 2020 - 2023, USD Million
TABLE 56 Rest of North America Sternal Closure Systems Market, 2024 - 2031, USD Million
TABLE 57 Rest of North America Sternal Closure Systems Market by Type, 2020 - 2023, USD Million
TABLE 58 Rest of North America Sternal Closure Systems Market by Type, 2024 - 2031, USD Million
TABLE 59 Rest of North America Sternal Closure Systems Market by Procedure, 2020 - 2023, USD Million
TABLE 60 Rest of North America Sternal Closure Systems Market by Procedure, 2024 - 2031, USD Million
TABLE 61 Rest of North America Sternal Closure Systems Market by Material Type, 2020 - 2023, USD Million
TABLE 62 Rest of North America Sternal Closure Systems Market by Material Type, 2024 - 2031, USD Million
TABLE 63 Key Information – Johnson & Johnson
TABLE 64 Key Information – KLS Martin Group
TABLE 65 Key Information – Orthofix Medical Inc.
TABLE 66 Key Information – Kinamed Inc.
TABLE 67 Key Information – B. Braun Melsungen AG
TABLE 68 Key Information – Stryker Corporation
TABLE 69 Key Information – Medtronic PLC
TABLE 70 Key Information – Zimmer Biomet Holdings, Inc.
TABLE 71 Key Information – Acumed LLC
TABLE 72 Key Information – Able Medical Devices
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Sternal Closure Systems Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Sternal Closure Systems Market
FIG 4 Porter’s Five Forces Analysis – Sternal Closure Systems Market
FIG 5 North America Sternal Closure Systems Market share by Type, 2023
FIG 6 North America Sternal Closure Systems Market share by Type, 2031
FIG 7 North America Sternal Closure Systems Market by Type, 2020 - 2031, USD Million
FIG 8 North America Sternal Closure Systems Market share by Procedure, 2023
FIG 9 North America Sternal Closure Systems Market share by Procedure, 2031
FIG 10 North America Sternal Closure Systems Market by Procedure, 2020 - 2031, USD Million
FIG 11 North America Sternal Closure Systems Market share by Material Type, 2023
FIG 12 North America Sternal Closure Systems Market share by Material Type, 2031
FIG 13 North America Sternal Closure Systems Market by Material Type, 2020 - 2031, USD Million
FIG 14 North America Sternal Closure Systems Market share by Country, 2023
FIG 15 North America Sternal Closure Systems Market share by Country, 2031
FIG 16 North America Sternal Closure Systems Market by Country, 2020 - 2031, USD Million
FIG 17 SWOT Analysis: Johnson & Johnson
FIG 18 SWOT Analysis: KLS Martin Group
FIG 19 SWOT Analysis: Orthofix Medical Inc.
FIG 20 SWOT Analysis: Kinamed Inc.
FIG 21 SWOT Analysis: B. Braun Melsungen AG
FIG 22 SWOT Analysis: Stryker Corporation
FIG 23 SWOT Analysis: Medtronic PLC
FIG 24 SWOT Analysis: Zimmer Biomet Holdings, Inc.
FIG 25 SWOT Analysis: Acumed LLC,
FIG 26 SWOT Analysis: Able Medical Devices