Wire Cerclage Sternal Closure Systems Market Size, Share & Trends Analysis Report by Product Type (Bone Cement, Closure Devices), Material (Polyether Ether Ketone (PEEK), Titanium, Stainless Steel), Procedure (Hemisternotomy, Median Sternotomy, Bilateral Thoracosternotomy), Region And Segment Forecasts, 2023-2031

The Global Wire Cerclage Sternal Closure Systems Market Size is valued at 2.62 billion in 2022 and is predicted to reach 5.67 billion by the year 2031 at a 9.09% CAGR during the forecast period for 2023-2031.

Wire cerclage sternal closure systems are medical devices used to attach and stabilize the sternum (breastbone) after open-heart surgery, such as coronary artery bypass grafting (CABG) or valve replacement surgeries. These techniques anchor the sternum with stainless steel or titanium wires, aiding good healing and reducing problems due to the rise in the number of elderly patients undergoing open-heart surgery via median sternotomy.

It provides quick and easy access to heart valves and arteries; the median sternotomy operation has become the most popular approach for cardiac exposure. Rapid technological advances, such as the use of biocompatible polymers such as PEEK, tritium, and nitinol, pre-sternotomy plates, and the development of less-invasive median sternotomy procedures, are also expected to drive market growth. The global expansion in surgical procedures has increased the demand for surgical instruments.

However, due to lockdown measures, travel restrictions, and reduced industrial capacity, the pandemic caused disruptions in worldwide supply networks. Medical equipment manufacture, distribution, and availability were all hampered, including wire cerclage sternal closure systems. Disruptions in the supply chain could have caused short-term shortages or delayed deliveries of these systems, hurting the market. 

Competitive Landscape:

Some of the major Wire Cerclage Sternal Closure Systems Market 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 

Market Segmentation:

The Wire Cerclage Sternal Closure Systems Market is segmented on the basis of product type, material, and procedure. Product type segment includes bone cement and closure devices. The material segment includes polyether ether ketone (PEEK), titanium, and stainless steel. By procedure, the market is segmented into hemisternotomy, median sternotomy, and bilateral thoracosternotomy.

Based On Product Type, The Closure Devices Segment Is Accounted As A Major Contributor In The Wire Cerclage Sternal Closure Systems Market

The closure devices category is expected to hold a major share in the global Wire Cerclage Sternal Closure Systems Market in 2022. The primary causes responsible for the segment's leading position are new launches as well as rising per capita expenditure in developed and emerging economies. Compared to bone cement, these devices have shown benefits such as a reduction in surgical problems and infections, as well as a speedier recovery time. Furthermore, increased efforts by market players to create new processes and product lines are expected to support segment growth in the near future.

The Median Sternotomy Segment Witnessed Growth At A Rapid Rate

The median sternotomy segment is projected to grow at a rapid rate in the global wire cerclage sternal closure systems market. Median sternotomies are common osteotomies performed around the world due to they allow simple access to the heart, lungs, and surrounding structures in coronary artery bypass and heart valve replacement surgery. Median sternotomies also decrease post-operative infections and complications, increasing their global demand. 

In The Region, The North America Wire Cerclage Sternal Closure Systems Market Holds A Significant Revenue Share

The North America Wire Cerclage Sternal Closure Systems Market is expected to record the highest market share in terms of revenue in the near future. Rising collaborative efforts by key companies to strengthen their product offerings and ensure high-quality standards are expected to increase demand for systems throughout the area. Furthermore, the large share of North America can be linked to the region's high heart disease burden.

According to CDC research, approximately 28.1 million persons in the U.S. were diagnosed with heart-related illnesses such as cardiac arrest and valvular heart disease. Additionally, Asia Pacific is predicted to grow at a rapid pace during the forecast period as key players expand their geographical presence in the region and focus on commercializing their goods at a low cost.

Wire Cerclage Sternal Closure Systems Market Report Scope:

Wire Cerclage Sternal Closure Systems Market Segmentation:

Wire Cerclage Sternal Closure Systems Market By Product Type

• Bone Cement
• Closure Devices

Wire Cerclage Sternal Closure Systems Market By Material

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

Wire Cerclage Sternal Closure Systems Market By Procedure-

• Hemisternotomy
• Median Sternotomy
• Bilateral Thoracosternotomy

Wire Cerclage Sternal Closure Systems Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa