Europe Sternal Closure Systems Market Size & Outlook
Europe sternal closure systems market, 2018-2030 (US$M)
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Europe sternal closure systems market highlights
- The Europe sternal closure systems market generated a revenue of USD 803.1 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, closure devices was the largest revenue generating product in 2023.
- Closure Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 803.1 million |
| Market revenue in 2030 | USD 1,160.2 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 |
| Key market players worldwide | Johnson & Johnson, Zimmer Biomet Holdings Inc, KLS Martin Group, Orthofix Medical Inc, B. Braun, Acumed, Abyrx, Able Medical Devices, Kinamed, Idear Engenharia |
Other key industry trends
- In terms of revenue, Europe region accounted for 30.2% of the global sternal closure systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 938.2 million by 2030.
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Sternal Closure Systems Market Scope
Sternal Closure Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 72.73% in 2023. Horizon Databook has segmented the Europe sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
The European region includes Germany, the UK, France, Italy, Spain, and other European countries. Europe accounted for USD 723.8 million in 2021. Germany and the UK are major contributors to Europe sternal closure systems market.
The region is expected to grow at a lucrative rate during the forecast period due to presence of skilled professionals and well-established healthcare infrastructure. Rising number of surgical procedures in Europe is another major factor anticipated to propel growth of the market in this region.
Furthermore, relatively less stringent medical devices approval process in this region is expected to boost market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe sternal closure systems market , including forecasts for subscribers. This continent databook contains high-level insights into Europe sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe sternal closure systems market size, by country, 2018-2030 (US$M)
Europe Sternal Closure Systems Market Outlook Share, 2023 & 2030 (US$M)
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