Italy Sternal Closure Systems Market Size & Outlook
Italy sternal closure systems market, 2018-2030 (US$M)
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Italy sternal closure systems market highlights
- The Italy sternal closure systems market generated a revenue of USD 61.5 million in 2023 and is expected to reach USD 89.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 5.5% 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 61.5 million |
| Market revenue in 2030 | USD 89.4 million |
| Growth rate | 5.5% (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, Italy accounted for 2.3% 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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Italy 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 72.36% in 2023. Horizon Databook has segmented the Italy sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of well-developed healthcare services in Italy is one of the major factors driving market growth. The National Health Service (NHS) in Italy provides health coverage to all citizens and foreign residents for healthcare services.
Increasing healthcare spending in Italy is expected to boost the adoption of advanced sternal closure systems. Moreover, healthcare spending in Italy was around USD 2,989 per capita in 2018, which is expected to drive growth of Italy sternal closure systems market.
The burden of cardiovascular diseases in the country is growing. Therefore, the Italian government is focusing on enhancing healthcare to provide effective care. According to Italian National Institute of Statistics (ISTAT) study, in 2015, around USD 785.4 million was spent on cardiovascular surgery per year.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy sternal closure systems market , including forecasts for subscribers. This country databook contains high-level insights into Italy sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy sternal closure systems market size, by product, 2018-2030 (US$M)
Italy Sternal Closure Systems Market Outlook Share, 2023 & 2030 (US$M)
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