UK Sternal Closure Systems Market Size & Outlook
UK sternal closure systems market, 2018-2030 (US$M)
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UK sternal closure systems market highlights
- The UK sternal closure systems market generated a revenue of USD 131.0 million in 2023 and is expected to reach USD 180.5 million by 2030.
- The UK market is expected to grow at a CAGR of 4.7% 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 131.0 million |
| Market revenue in 2030 | USD 180.5 million |
| Growth rate | 4.7% (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, UK accounted for 4.9% 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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UK 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 72.06% in 2023. Horizon Databook has segmented the UK sternal closure systems market based on closure devices, bone cement covering the revenue growth of each sub-segment from 2018 to 2030.
This growth can be attributed to various factors such as high per capita income, presence of established healthcare system, significant number of healthcare professionals, proper access to healthcare services, availability of advanced devices, and favorable reimbursement policies.
Medical coverage is available to 100% of the population, and healthcare is funded through national taxation. In addition, the number of surgical procedures in the UK has increased and reached 519,321 in 2018 from 482,938 in 2017, which is expected to contribute to rise in the demand for surgical tools such as sternal closure systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK sternal closure systems market , including forecasts for subscribers. This country databook contains high-level insights into UK sternal closure systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK sternal closure systems market size, by product, 2018-2030 (US$M)
UK Sternal Closure Systems Market Outlook Share, 2023 & 2030 (US$M)
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