Spain Sternal Closure Systems Market Size & Outlook
Spain sternal closure systems market, 2018-2030 (US$M)
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Spain sternal closure systems market highlights
- The Spain sternal closure systems market generated a revenue of USD 57.1 million in 2023 and is expected to reach USD 82.4 million by 2030.
- The Spain 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.
Sternal closure systems market data book summary
| Market revenue in 2023 | USD 57.1 million |
| Market revenue in 2030 | USD 82.4 million |
| Growth rate | 5.4% (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, Spain accounted for 2.2% 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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Spain 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 73.2% in 2023. Horizon Databook has segmented the Spain sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
Rising geriatric population and increasing prevalence of chronic diseases are some of the factors driving growth of Spain sternal closure systems market. Increasing government support to strengthen healthcare service delivery in Spain is one of the factors expected to propel market growth.
Increasing incidence of cardiovascular diseases, rising healthcare expenditure, and growing awareness about early diagnosis & treatment are some of the factors expected to propel market growth. Variability in survival rates reflects quality and availability of treatment & diagnostic services across Spain. Discrepancies in quality and availability may hamper market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain sternal closure systems market , including forecasts for subscribers. This country databook contains high-level insights into Spain sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain sternal closure systems market size, by product, 2018-2030 (US$M)
Spain Sternal Closure Systems Market Outlook Share, 2023 & 2030 (US$M)
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