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A detailed analysis of the Global Sternal Closure Systems Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Sternal Closure Systems Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.

The sternal closure systems market size was USD 2.4 Billion in 2022 and is expected to register a rapid revenue CAGR of 5% during the forecast period. Increasing prevalence of Cardiovascular Disease (CVD) and geriatric population and rising demand for minimally invasive cardiac surgeries are major factors driving market revenue growth. After open heart surgery, sternal closure systems are medical tools used to shut sternum, the flat bone that forms front of the rib cage. These systems stabilize thoracic cage, stop sternum from moving, and lower risk of infection.

In addition, increasing prevalence of CVD such as coronary artery disease, heart attacks, and stroke is another factor driving revenue growth of the market. According to the World Health Organization (WHO), cardiovascular illnesses account for over 17 million deaths annually, making them the leading cause of mortality worldwide. Moreover, increasing need for minimally invasive cardiac procedures, which have a shorter recovery period, smaller incisions, and less complications, is also expected to drive market revenue growth.

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Market Overview:

In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Strategic Development:

• On 15 September 2020, Johnson & Johnson Services, Inc. announced the launch of its new Echelon Flex Endopath staplers with GST reloads, which are designed to help surgeons achieve better patient outcomes with improved staple formation and reduced tissue trauma during thoracic surgeries.
• On 1 December 2020, Zimmer Biomet Holdings, Inc. announced the acquisition of A&E Medical Corporation, a global leader in development and manufacture of cardiothoracic surgery products. This acquisition aimed to expand Zimmer Biomet's portfolio of innovative and comprehensive solutions for patients undergoing complex surgical procedures.

Key Players covered in this report are

• Johnson & Johnson Services, Inc.
• Zimmer Biomet Holdings, Inc.
• B. Braun Melsungen AG
• A&E Medical Corporation
• Acute Innovations LLC
• DePuy Synthes
• KLS Martin Group
• IDEAR S.R.L.
• ABYRX, Inc.
• Kinamed, Inc.

Based on Product Type market is segmented into:

• Wire Closures
• Plate and Screw Systems
• Cable Systems

Based on Application market is segmented into:

• Titanium
• Polyether Ether Ketone (PEEK)
• Stainless Steel
• Others

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Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Major Points covered in this report are as below:

• An analysis of Sternal Closure Systems industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.

• In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.

• In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.

• This report provides information on the market status of Sternal Closure Systems manufacturers and provides valuable insight into the market for companies and individuals.

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