STERNAL CLOSURE SYSTEMS MARKET ANALYSIS

Sternal Closure Systems MarketSize and Trends

Sternal Closure Systems Market: Dynamics

Increasing prevalence of cardiovascular diseases is a major factor propelling demand for sternal closure systems. According to a report by the American Heart Association (AHA), 2015, around 84 million people in the U.S. suffered from some or the other form of cardiovascular disease (CVD) in 2017 and around 130 million adults constituting over 45% of the country’s population, are estimated to suffer from at least one CVD by 2035. Moreover, launch of innovative devices to produce tight closure and stable union at sternum for patients undergoing cardiothoracic surgery is also expected to boost the market growth. For instance, in 2015, the U.S. FDA approved the Grand Pre Monoblock Closure System developed by JACE Medical, LLC. The rigid closure system is biocompatible and uses ratchet technology to close the space tightly and promote healing.

Similarly, in 2013, RTI Surgical launched, Tritium Sternal Cable Plating (SCP) system designed for the closure of median sternotomies following open-heart surgeries. The system combines cerclage cables and cancellous screws, with a low profile plate.

Sternal Closure Systems Market: Dynamics

Increasing prevalence of cardiovascular diseases is a major factor propelling demand for sternal closure systems. According to a report by the American Heart Association (AHA), 2015, around 84 million people in the U.S. suffered from some or the other form of cardiovascular disease (CVD) in 2017 and around 130 million adults constituting over 45% of the country’s population, are estimated to suffer from at least one CVD by 2035. Moreover, launch of innovative devices to produce tight closure and stable union at sternum for patients undergoing cardiothoracic surgery is also expected to boost the market growth. For instance, in 2015, the U.S. FDA approved the Grand Pre Monoblock Closure System developed by JACE Medical, LLC. The rigid closure system is biocompatible and uses ratchet technology to close the space tightly and promote healing.