Covina, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Sternal Closure Systems Market accounted for US$ 2.3 million in 2020 and is estimated to be US$ 3.79 billion by 2030 and is anticipated to register a CAGR of 5.6%. Sternal Closure Systems are used in bilateral thoracosternotomy, median sternotomy and hemisternotomy. Median sternotomy has become popular in early 1960s and remains gold standard approach in cardiac procedures. Sternal Closure Systems are used in stabilization and fixation of fractures at anterior part of chest wall. Change in lifestyle, lack of exercise and unhealthy diet has become common cause of cardiovascular diseases. Newly developed technology in medical field in metropolitan cities has given rise to heart surgeries which has boosts the Sternal Closure Systems Market. As cardiac surgeries had become routine surgery, it is determined that annually around one million heart surgeries are performed worldwide. Rate of coronary heart diseases are high in United States of America. According to data published in 2018 about 500,000 open heart surgeries are performed each and every year in US. Thus, increase in heart surgeries and world population are boosts to the Sternal Closure Systems in market.
The report "Global Sternal Closure Systems Market, By Product (PEEK (Poly-Ether-Ether-Ketone), Stainless Steel, Titanium Products, and Others), By Application (Bilateral Thoracosternotomy, Median Sternotomy, Hemisternotomy and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"
Request free Sample Copy:Â https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4919Â
Cardiovascular disease is growing around the world and due to better medical facilities and new advanced technology open heart surgeries are owing to increase. As a result, the increase in number of cardiac surgeries has expected to boosts the target market growth. Technological advancements, such as biocompatible polymers PEEKM tritium, pre-sternotomy plates, and nitinol. Moreover, development of minimal invasive median sternotomy procedures, are expected to foster the sternal closure systems market growth.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Global Sternal Closure Systems Market, By Product (PEEK (Poly-Ether-Ether-Ketone), Stainless Steel, Titanium Products, and Others), By Application (Bilateral Thoracosternotomy, Median Sternotomy, Hemisternotomy and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030"
To know the upcoming trends and insights prevalent in this market, click the link below:
https://www.prophecymarketinsights.com/market_insight/Sternal-Closure-Systems-Market-4919
Key Market Insights from the report:
Global Sternal Closure Systems Market accounted for US$ 2.3 million in 2020 and is estimated to be US$ 3.79 billion by 2030 and is anticipated to register a CAGR of 5.6%. The Global Sternal Closure Systems Market is segmented based on Product, Application and Region.
Competitive Landscape & their strategies of Global Sternal Closure Systems Market:
The prominent players operating in the Global Sternal Closure Systems Market includes,   Kinamed Incorporated, Immunogen Inc., Seattle Genetics Inc., A&E Medical, Orthofix Holdings Inc., Takeda Pharmaceutical Company Limited, Zimmer Biomet Holdings Inc., Depuy Synthes, Pfizer Inc., Acute Innovations, KLS Martin Group, Hoffman-La Roche Ltd., Bayer Healthcare Pharmaceuticals, Novartis AG, etc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.
Some Important Points Answered in this Market Report Are Given Below:
1. Soft Tissue Market, By Product type ( Fixation Products (Interference Screws, suture anchors, and others) Tissue patch (Biological mesh, synthetic mesh), and Others), By Application (Breast reconstruction, Dental and Dural repair, Hernia repair, Orthopedic repair, Vaginal prolapse repair, Skin repair, Cardiovascular surgery, and Others), By End User (Hospital, Clinics, Ambulatory surgery centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030
2. Global Medical Wearables Market, By Device (Diagnostic, Therapeutic, and Respiratory), By Type (Smartwatch and Patch), By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029
3. Global Internet-of-Medical-Things (IoMT) Market, By Product Type (Smart Wearable Devices, Home-Use Medical Devices, and Point-Of-Care Kits), By Services (On-Premise Based Services and Cloud-Based Services), By Application (Real-Time Monitoring, End-to-End Connectivity, Data Assortment & Analysis, Tracking & Alerts, and Remote Medical Assistance), By End-user (Hospitals & Clinics, Research Institutes & Academics, and Homecare), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.