Germany Sternal Closure Systems Market Size & Outlook
Germany sternal closure systems market, 2018-2030 (US$M)
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Germany sternal closure systems market highlights
- The Germany sternal closure systems market generated a revenue of USD 219.4 million in 2023 and is expected to reach USD 332.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.1% 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.
Sternal closure systems market data book summary
| Market revenue in 2023 | USD 219.4 million |
| Market revenue in 2030 | USD 332.6 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Closure devices |
| Fastest growing segment | Closure Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 8.3% of the global sternal closure systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany sternal closure systems market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 332.6 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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Germany 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 73.38% in 2023. Horizon Databook has segmented the Germany sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is among the major contributors to Europe sternal closure systems market. With the oldest national social health insurance system, German healthcare system is considered as the pioneer in public health support.
Moreover, schemes such as Statutory Health Insurance are strengthening healthcare infrastructure, thus enabling people to avail advanced treatment, which is expected to increase the demand for sternal closure systems.
Furthermore, increase in geriatric population has led to rise in the number of surgical procedures in Germany. For instance, it is estimated that the elderly population (aged 65 or more) is expected to increase from 17 million in 2012 to 23 million in 2050. Increasing incidence of cardiovascular diseases and trauma injuries is anticipated to boost the demand for sternal closure systems during the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany sternal closure systems market , including forecasts for subscribers. This country databook contains high-level insights into Germany sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany sternal closure systems market size, by product, 2018-2030 (US$M)
Germany Sternal Closure Systems Market Outlook Share, 2023 & 2030 (US$M)
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