The Asia Pacific Sternal Closure Systems Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Sternal Closure Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $277.4 million by 2031. The Japan market is registering a CAGR of 5% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.4% during (2024 - 2031).
The demand consequently arises for it compatible with minimally invasive techniques. Sternal closure systems, which can expedite healing, mitigate postoperative discomfort, and facilitate early mobilization, are increasingly preferred by cardiac surgeons to enhance patient outcomes, and minimize restrictions.
Moreover, rising number of thoracic surgeries drives the demand for this. These surgeries include procedures such as thoracotomy, lung resection, esophagectomy, and mediastinal tumour resection, all of which require sternal closure following the surgical intervention.
The increasing healthcare expenditure in India has led to establishing more hospitals and healthcare facilities across the country. These facilities require advanced medical devices, such as sternal closure systems, to perform cardiac surgeries effectively in India. Cardiovascular surgery, including CABG and valve replacement, is becoming more and more popular in India due to the rising prevalence of cardiovascular disorders.
Free Valuable Insights: The Global Sternal Closure Systems Market is Predict to reach USD 3.6 Billion by 2031, at a CAGR of 5.2%
Based on Type, the market is segmented into Closure Devices and Bone Cement. Based on Procedure, the market is segmented into Median Sternotomy, Hemisternotomy, Bilateral Thoracosternotomy, and Others. Based on Material Type, the market is segmented into Titanium, Stainless Steel, Polyether Ether Ketone (PEEK) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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