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The global wire cerclage sternal closure systems market was valued at USD 2.85 billion in 2022, which is anticipated to grow at a CAGR of 9.37% from 2023 to 2032. One of the main drivers of market expansion has been projected to be the growing number of older people having open-heart surgery through a median sternotomy. Because it provides quick and simple access to heart valves and arteries, the median sternotomy operation has remained the most widely used method for cardiac exposure.
After heart and thoracic cavity procedures, sternal closure systems seal the breastbone. These procedures help to connect the anterior chest wall while repairing it. Systems for closing the sternum improve bone stability, healing, and pain control. The metallic braid that forms up the cable is frequently employed in cardiac surgery. To prevent bone rupture during median sternotomies, manufacturers have recently made steel wires available for people undergoing elective heart surgery. Sternotomies and sternal closures take place before and after heart surgery, respectively. Rapid technological improvements are also anticipated to fuel market expansion, including the use of biocompatible polymers like PEEK, tritium, and nitinol, pre-sternotomy plates, and the creation of minimally invasive median sternotomy procedures. Globally, an increase in surgical operations has fueled demand for surgical instruments, propelling the market's expansion. In addition, seniors are more susceptible to cardiac problems due to poor nutrition and inactivity. Additionally, a rise in cardiovascular surgical procedures driven by the ageing population, which is more prone to chronic CVDs, is internationally driving up demand for sternal closure systems. In addition to the increasing burden of uncommon diseases and injuries, emerging nations are concentrating on investing in public healthcare infrastructure, which will also increase the number of surgical procedures worldwide. Globally, the frequency of coronary artery disease is rising due to sedentary lifestyles, heavy alcohol and tobacco use, and poor diet. The number of surgeries is increasing, which will likely accelerate the use of sternal closure systems in operations throughout the decades. Around the globe, more open-heart operations are being performed, which is expected to boost the market's growth. These procedures all need extensive use of closure techniques. The rise in the target patient population and the sharp increase in surgical procedures impact the market.
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Increasing product adoption and heart surgery rate- The market can expand as product approvals rise. For instance, in 2021, the United States Food and Drug Administration (U.S. F.D.A.) granted Able Medical Devices 510(k) certification for their Valkyrie Thoracic Fixation System. It stabilizes chest wall fractures, including sternal fixation following sternotomies. Also, it is used in sternal reconstructive surgical procedures for patients with normal and poor bone. This factor contributes to market expansion. Wire cerclage sternal closure techniques are expected to become more popular as heart surgery rates rise. For instance, about 400,000 coronary artery bypass procedures are carried out annually throughout the world. As a result, it is anticipated that the growing number of heart surgeries where sternal closure wires are frequently utilized in surgical procedures will further fuel market expansion.
Wire cerclage sternal closure systems complications- Wire cerclage sternal closure systems have various issues. Pain, sternal cut-through, non-union, and breakage are all made more dangerous by an unstable steel wire cerclage following open heart surgery. These issues result in lengthier hospital stays, increased expenses, higher mortality rates, and unsatisfied patients. These are the restrictions to market expansion.
Infrastructure development for public healthcare- Due to the rise in the burden of non-communicable diseases and injuries, which will increase the need for surgery, several emerging economies are investing heavily in public healthcare infrastructure. Manufacturing of wire cerclage sternal closure systems tends to expand significantly when titanium is used. This dominance is driven due to benefits, including titanium's effectiveness at properly resisting corrosion and its capacity to bond human bones. The non-ferromagnetic quality of these materials, which allows patients with titanium implants to be safely evaluated through MRI scans, further boosts their market share. Hence, this aspect contributes significantly to the expansion of the market.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global wire cerclage sternal closure systems market, with a 36.28% share of the market revenue in 2022.
The demand for systems is also predicted to increase across the region due to increasing collaborative efforts launched by major players to enhance their product offerings and guarantee high-quality standards. Additionally, a large portion of North America's prevalence of heart disease can be linked to this region. For instance, heart-related illnesses, including cardiac arrest and valvular heart disease, have been identified in millions of Americans. Favourable reimbursement regulations will also likely accelerate the market's expansion. Sternal closure operations are paid for under the updated Medicare payment coding standard for wound closure.
North America Region Wire Cerclage Sternal Closure Systems Market Share in 2022 - 36.28%
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The product type segment is divided into bone cement and closure devices. The closure devices segment dominated the market, with a market share of around 73.51% in 2022. The main contributing factors for the segment's leading share include the introduction of innovative products and increased per capita spending in both developed and developing economies. These devices have advantages over bone cement, including reduced post-operative problems and infections and a quicker recovery time. Additionally, growing initiatives by significant market players to launch innovative techniques and lines of products are likely to accelerate the segment's growth in the years to come.
The material segment is divided into polyether ether ketone (PEEK), titanium, and stainless steel. The titanium segment dominated the market, with a market share of around 35.99% in 2022. The related advantages associated with titanium, such as its biocompatibility and ability to join human bones successfully, contribute to this dominance. These materials are also becoming more prevalent in the market due to their non-ferromagnetic properties, which enable patients with titanium implants to undergo safe scans. Additionally, increased economic viability and lower costs for the utilization of advanced titanium clips and plates in developing and developed countries are projected to support the penetration of titanium-based sternal closure systems. These factors, along with the high efficiency, non-toxic nature of implants, stability of titanium products, and greater economic feasibility, all contribute to this.
The procedure segment is divided into hemisternotomy, median sternotomy, and bilateral thoracosternotomy. The median sternotomy segment dominated the market, with a market share of around 38.87% in 2022. Due to the ease with which the heart, lungs, and surrounding structures can be reached during heart valve replacement and coronary artery bypass surgery, median sternotomies are frequently utilized to carry out osteotomies all over the world. Additionally, lowering post-operative infections and complications, median sternotomies are in higher demand worldwide. The demand for median sternotomies is projected to increase due to the expanding geriatric population susceptible to developing chronic cardiovascular conditions, including CVDs. The number of older people is expected to double in the years to come.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 2.85 Billion |
| Market size value in 2032 | USD 6.97 Billion |
| CAGR (2023 to 2032) | 9.37% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Material, Procedure |
As per The Brainy Insights, the size of the wire cerclage sternal closure systems market was valued at USD 2.85 Billion in 2022 & USD 6.97 Billion by 2032.
Global wire cerclage sternal closure systems market is growing at a CAGR of 9.37% during the forecast period 2023-2032.
North America region emerged as the largest market for the wire cerclage sternal closure systems.
Increasing product adoption and heart surgery rate is a significant driving factor for the growth of the wire cerclage sternal closure systems market.
Wire cerclage sternal closure systems complications is a significant restraining factor for the growth of the wire cerclage sternal closure systems market.
Infrastructure development for public healthcare is a significant opportunity for the growth of the wire cerclage sternal closure systems market.
Key players are Johnson & Johnson, Orthofix Holdings, Inc., KLS Martin Group, Jace Medical, LLC, Abyrx, Inc., Zimmer Biomet, GE Healthcare, Acute Innovations, B. Braun Melsungen AG, Kinamed Incorporated, A&E Medical Corporation, among others.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Material
4.3.3. Market Attractiveness Analysis By Procedure
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing product adoption and heart surgery rate
5.3. Restraints
5.3.1. Wire cerclage sternal closure systems complications
5.4. Opportunities
5.4.1. Infrastructure development for public healthcare
6. Global Wire Cerclage Sternal Closure Systems Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Bone Cement
6.3. Closure Devices
7. Global Wire Cerclage Sternal Closure Systems Market Analysis and Forecast, By Material
7.1. Segment Overview
7.2. Polyether Ether Ketone (PEEK)
7.3. Titanium
7.4. Stainless Steel
8. Global Wire Cerclage Sternal Closure Systems Market Analysis and Forecast, By Procedure
8.1. Segment Overview
8.2. Hemisternotomy
8.3. Median Sternotomy
8.4. Bilateral Thoracosternotomy
9. Global Wire Cerclage Sternal Closure Systems Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Wire Cerclage Sternal Closure Systems Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Wire Cerclage Sternal Closure Systems Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Johnson & Johnson
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Orthofix Holdings, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. KLS Martin Group
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Jace Medical, LLC
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Abyrx, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Zimmer Biomet
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. GE Healthcare
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Acute Innovations
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. B. Braun Melsungen AG
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Kinamed Incorporated
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. A&E Medical Corporation
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
2. Global Bone Cement, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
3. Global Closure Devices, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
4. Global Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
5. Global Polyether Ether Ketone (PEEK), Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
6. Global Titanium, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
7. Global Stainless Steel, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
8. Global Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
9. Global Hemisternotomy, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
10. Global Median Sternotomy, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
11. Global Bilateral Thoracosternotomy, Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
12. Global Wire Cerclage Sternal Closure Systems Market, By Region, 2019-2032 (USD Billion)
13. North America Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
14. North America Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
15. North America Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
16. U.S. Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
17. U.S. Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
18. U.S. Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
19. Canada Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
20. Canada Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
21. Canada Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
22. Mexico Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
23. Mexico Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
24. Mexico Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
25. Europe Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
26. Europe Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
27. Europe Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
28. Germany Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
29. Germany Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
30. Germany Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
31. France Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
32. France Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
33. France Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
34. U.K. Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
35. U.K. Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
36. U.K. Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
37. Italy Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
38. Italy Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
39. Italy Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
40. Spain Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
41. Spain Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
42. Spain Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
43. Asia Pacific Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
44. Asia Pacific Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
45. Asia Pacific Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
46. Japan Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
47. Japan Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
48. Japan Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
49. China Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
50. China Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
51. China Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
52. India Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
53. India Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
54. India Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
55. South America Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
56. South America Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
57. South America Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
58. Brazil Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
59. Brazil Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
60. Brazil Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
61. Middle East and Africa Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
62. Middle East and Africa Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
63. Middle East and Africa Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
64. UAE Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
65. UAE Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
66. UAE Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
67. South Africa Wire Cerclage Sternal Closure Systems Market, By Product Type, 2019-2032 (USD Billion)
68. South Africa Wire Cerclage Sternal Closure Systems Market, By Material, 2019-2032 (USD Billion)
69. South Africa Wire Cerclage Sternal Closure Systems Market, By Procedure, 2019-2032 (USD Billion)
List of Figures
1. Global Wire Cerclage Sternal Closure Systems Market Segmentation
2. Wire Cerclage Sternal Closure Systems Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Wire Cerclage Sternal Closure Systems Market Attractiveness Analysis By Product Type
9. Global Wire Cerclage Sternal Closure Systems Market Attractiveness Analysis By Material
10. Global Wire Cerclage Sternal Closure Systems Market Attractiveness Analysis By Procedure
11. Global Wire Cerclage Sternal Closure Systems Market Attractiveness Analysis By Region
12. Global Wire Cerclage Sternal Closure Systems Market: Dynamics
13. Global Wire Cerclage Sternal Closure Systems Market Share by Product Type (2023 & 2032)
14. Global Wire Cerclage Sternal Closure Systems Market Share by Material (2023 & 2032)
15. Global Wire Cerclage Sternal Closure Systems Market Share by Procedure (2023 & 2032)
16. Global Wire Cerclage Sternal Closure Systems Market Share by Regions (2023 & 2032)
17. Global Wire Cerclage Sternal Closure Systems Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global wire cerclage sternal closure systems market based on below mentioned segments:
Global Wire Cerclage Sternal Closure Systems by Product Type:
Global Wire Cerclage Sternal Closure Systems by Material:
Global Wire Cerclage Sternal Closure Systems by Procedure:
Global Wire Cerclage Sternal Closure Systems by Region:
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