According to a recent report by Reports and Data, the global Sternal Closure market was valued at USD 2.4 billion in 2022 and is expected to witness a revenue CAGR of 5% over the forecast period. Sternal Closure are used in open-heart surgeries to close the sternum, which is the flat bone that covers the front of the rib cage. These systems provide support to the thoracic cage, prevent movement of the sternum, and reduce the risk of infection.

The market for Sternal Closure is growing due to the rising prevalence of cardiovascular diseases such as coronary artery disease, heart attacks, and stroke. According to the World Health Organization (WHO), cardiovascular diseases are responsible for over 17 million deaths worldwide annually, making them the leading cause of death globally. Additionally, the market is being driven by the increasing demand for less invasive cardiac surgeries that result in faster recovery times, smaller incisions, and fewer complications.

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The market revenue growth is being driven by the rising incidence of cardiovascular diseases, leading to an increase in the number of cardiovascular surgeries. In 2019, approximately one million coronary artery bypass grafting surgeries were performed in the United States, according to the American Heart Association.

The plate and screw systems segment of the Sternal Closure market earned the highest revenue in 2022 due to a rise in the occurrence of cardiovascular diseases and the number of surgeries performed on the heart. These systems offer extra support and have a great track record in reducing post-operative problems, such as infections and wound reopening. Additionally, the demand for these systems is expected to increase due to the growing preference for minimally invasive cardiac treatments and the necessity for speedy patient recuperation.

The North American market is expected to have the highest revenue share during the forecast period due to its well-developed healthcare infrastructure and the presence of numerous established competitors. The prevalence of heart disease has increased due to sedentary lifestyles and obesity, which has resulted in an increased demand for sternal closure devices.

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Some of the key players in the global Sternal Closure market include Johnson Johnson Services, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, AE Medical Corporation, Acute Innovations LLC, DePuy Synthes, KLS Martin Group, IDEAR S.R.L., ABYRX, Inc., and Kinamed, Inc.

Johnson Johnson Services, Inc. recently introduced the Echelon Flex Endopath staplers with GST reloads, aimed at helping surgeons improve patient outcomes by creating more staples and minimizing tissue stress during thoracic procedures. Zimmer Biomet Holdings, Inc. acquired AE Medical Company in December 2020, which specializes in researching and manufacturing medical devices used in cardiothoracic surgeries, with the aim of expanding its portfolio of advanced and inclusive solutions for patients undergoing intricate surgical procedures.

The global Sternal Closure market has been segmented by Reports and Data on the basis of product outlook, material outlook, and regional outlook. The product outlook segment includes wire closures, plate and screw systems, and cable systems. The material outlook segment includes titanium, polyether ether ketone (PEEK), stainless steel, and others. The regional outlook segment includes North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

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