According to a recent report by Reports and Data, the global market for Sternal Fixation was valued at USD 2.4 billion in 2022 and is expected to grow at a CAGR of 5% over the forecast period. Sternal Fixation are medical devices used to close the sternum, the flat bone that covers the front of the rib cage, after open-heart surgery. These systems provide support to the thoracic cage, prevent movement of the sternum, and lower the risk of infection.

The market growth of Sternal Fixation can be attributed to the increasing prevalence of cardiovascular diseases, such as coronary artery disease, heart attacks, and stroke, which are the leading cause of death globally, according to the World Health Organization (WHO). Additionally, the market is being driven by the rising demand for less invasive cardiac surgeries that result in faster recovery times, smaller incisions, and fewer complications.

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The market revenue growth is being driven by the rising incidence of cardiovascular diseases, leading to an increase in the number of cardiovascular surgeries. In the United States, approximately one million coronary artery bypass grafting surgeries were performed in 2019, according to the American Heart Association.

The report highlights that the plate and screw systems market earned the highest revenue in 2022, mainly due to a rise in the occurrence of cardiovascular diseases and the number of surgeries performed on the heart. These systems offer extra support and have a great track record in reducing post-operative problems, such as infections and wound reopening. Additionally, the demand for these systems is expected to increase due to the growing preference for minimally invasive cardiac treatments and the necessity for speedy patient recuperation.

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The report also states that the North American market is expected to have the highest revenue share during the forecast period due to its well-developed healthcare infrastructure and the presence of numerous established competitors. The prevalence of heart disease has increased due to sedentary lifestyles and obesity, which has resulted in an increased demand for sternal closure devices.

Some of the key players in the global Sternal Fixation market include 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., and Kinamed, Inc.

In summary, the global Sternal Fixation market is expected to grow steadily over the forecast period due to the rising incidence of cardiovascular diseases and the demand for less invasive cardiac surgeries. The market is led by established competitors in North America, with plate and screw systems being the highest revenue-generating segment. The report suggests that this market will continue to evolve and expand, with innovative solutions being developed to improve patient outcomes.

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