Global Sternal Closure Systems Market Size & Outlook
Global sternal closure systems market, 2018-2030 (US$M)
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Global sternal closure systems market highlights
- The global sternal closure systems market generated a revenue of USD 2,654.9 million in 2023 and is expected to reach USD 3,846.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.4% by 2030.
- In terms of segment, closure devices accounted for a revenue of USD 1,929.7 million in 2023.
- Closure Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,654.9 million |
| Market revenue in 2030 | USD 3,846.3 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Closure devices |
| Fastest growing segment | Closure Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Closure Devices, Bone Cement |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global sternal closure systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,023.1 million by 2030.
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Sternal Closure Systems Market Scope
Sternal Closure Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sternal closure systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sternal closure systems market will help companies and investors design strategic landscapes.
Closure devices was the largest segment with a revenue share of 72.68% in 2023. Horizon Databook has segmented the Global sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sternal Closure Systems Product Outlook (Revenue, USD Million, 2018-2030)
- Closure Devices
- Bone Cement
- Global Sternal Closure Systems Procedure Outlook (Revenue, USD Million, 2018-2030)
- Median Sternotomy
- Hemisternotomy
- Bilateral Thoracosternotomy
- Others
- Global Sternal Closure Systems Material Outlook (Revenue, USD Million, 2018-2030)
- Titanium
- Polyether Ether Ketone (PEEK)
- Stainless Steel
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global sternal closure systems market , including forecasts for subscribers. This global databook contains high-level insights into Global sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global sternal closure systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sternal closure systems market size, 2023 (US$M)
Global sternal closure systems market share, by product, 2023 & 2030 (%, US$M)
Sternal closure systems market: Opportunity assessment by country
Global sternal closure systems market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 728.0 | 759.7 | 585.5 | 829.1 | 867.0 | 907.3 | 950.0 | 995.5 | 1,043.9 | 1,095.0 | 1,158.0 | 1,209.1 | 1,263.2 | 4.8% |
| Europe | 622.5 | 654.2 | 507.5 | 723.8 | 762.2 | 803.1 | 846.9 | 893.7 | 943.8 | 997.2 | 1,054.7 | 1,106.6 | 1,160.2 | 5.4% |
| Asia Pacific | 435.9 | 465.0 | 366.2 | 529.8 | 566.0 | 605.1 | 647.1 | 692.4 | 741.3 | 793.9 | 839.7 | 888.8 | 938.2 | 6.5% |
| Latin America | 151.1 | 159.1 | 123.7 | 176.7 | 186.5 | 196.9 | 208.1 | 220.1 | 232.8 | 246.5 | 260.7 | 273.9 | 287.4 | 5.6% |
| MEA | 114.9 | 119.8 | 92.2 | 130.5 | 136.3 | 142.5 | 149.1 | 156.0 | 163.4 | 171.3 | 181.1 | 189.0 | 197.3 | 4.8% |
| Overall | 2,052.4 | 2,157.8 | 1,675.1 | 2,389.9 | 2,518.0 | 2,654.9 | 2,801.2 | 2,957.7 | 3,125.2 | 3,303.9 | 3,494.2 | 3,667.4 | 3,846.3 | 5.4% |
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