Sternal Closure Systems Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026
March 10, 2022
Stratview Research has recently added a new report titled Sternal Closure Systems Market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Sternal Closure Systems Market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- DePuy Synthes (US)
- Zimmer Biomet (US)
- KLS Martin Group (Germany)
- Acute Innovations LLC (US)
- Orthofix (US)
- A&E Medical (US)
- Praesidia Srl (Italy)
- Kinamed Inc (US)
- JACE Medical (US)
- Abyrx, Inc (US)
- Dispomedica GmbH (Germany)
- Waston Medical Corporation (China)
Market Highlights
The Sternal Closure Systems Market is projected to grow from USD 1.8 billion in 2020 to USD 2.4 billion by 2026 at a CAGR of around 5.2% during the forecast period.
Segment-wise analysis
By product, the sternal closure systems market has been bifurcated into closure devices and bone cement. The closure devices segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. Closure devices include wire, plate & screw, clips, and cable.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the established presence of the healthcare industry coupled with expanding geriatric populace and the presence of key market players such as DePuy Synthes (US) and Zimmer Biomet (US). The market growth in Asia-Pacific is expected to be driven by increasing spending on healthcare infrastructure development coupled with the rising number of surgical procedures.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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