Sternal Closure Bone Cement Market size was valued at USD 250 Million in 2024 and is projected to reach USD 450 Million by 2033, exhibiting a CAGR of 7.2% from 2026 to 2033.
The global sternal closure bone cement market was valued at approximately USD 250 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 5.2% during the forecast period from 2023 to 2030. This market growth is primarily driven by an increasing number of cardiovascular surgeries and rising demand for effective sternal closure products. The North American region dominates the market, accounting for over 35% of the global market share in 2022. The high prevalence of cardiovascular diseases, along with advanced healthcare infrastructure and rising awareness regarding sternal closure methods, contribute significantly to the region’s dominance. Europe follows closely, with a share of about 28%, driven by growing geriatric populations and a significant number of thoracic surgeries in the region.
In the Asia Pacific region, the sternal closure bone cement market is anticipated to experience the highest growth rate during the forecast period, driven by an improving healthcare system, rising medical tourism, and an increasing number of patients undergoing heart surgeries. The market in this region is expected to grow at a CAGR of over 6% from 2023 to 2030. Additionally, countries such as China and India are increasingly adopting advanced medical technologies, thereby presenting significant opportunities for market expansion. The Latin American and Middle East & Africa regions are also witnessing steady market growth, owing to improvements in healthcare facilities and an increasing patient population needing sternal closure procedures.
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DePuy Synthes (US)
Zimmer Biomet Holdings (US)
A&E Medical (US)
KLS Martin Group (US)
Orthofix International N.V. (US)
ABYRX (US)
Acute Innovations (US)
Kinamed Incrporated (US)
Praesidia Srl (Italy)
IDEAR S.R.L. (Argentina)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Sternal Closure Bone Cement Market
Non-Resorbable Bone Cement
Resorbable Bone Cement
Spinal Fusion Surgery
Orthopedic Surgery
Trauma Surgery
Others
Polymethyl Methacrylate (PMMA)
Calcium Phosphate Cement
Calcium Sulfate Cement
Bioactive Glass Cement
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Pre-Mixed
Powder and Liquid Mix
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Sternal Closure Bone Cement Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sternal Closure Bone Cement Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sternal Closure Bone Cement Market, By Type
6. Global Sternal Closure Bone Cement Market, By Application
7. Global Sternal Closure Bone Cement Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Sternal Closure Bone Cement Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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