PUBLISHER: Grand View Research | PRODUCT CODE: 1224532
PUBLISHER: Grand View Research | PRODUCT CODE: 1224532
The Europe sternal closure systems market size is expected to reach USD 1.17 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2023 to 2030. The increasing number of R&D activities by key market players and the growing geriatric population base are some of the factors expected to fuel the market growth.
A rise in public awareness programs related to the importance of early medical intervention to prevent premature deaths due to cardiac arrest is a major factor leading to an increase in the number of surgeries being performed.
A sedentary lifestyle, poor nutrition, lack of physical activity, and smoking are some of the factors that have led to an increase in the prevalence of cardiovascular diseases, obesity, cancer, and diabetes globally. The rising prevalence of lifestyle disorders and increasing per capita expenditure are some of the key factors leading to an increase in the number of surgical procedures globally.
The growing geriatric population, which is susceptible to chronic cardiovascular disorders, is leading to an increase in the number of cardiovascular procedures, thus boosting the demand for sternal closure systems globally. Moreover, lack of exercise and poor nutrition increases the risk of heart disease among the elderly population. Furthermore, the easy availability of innovative and low-cost techniques in the market is anticipated to fuel the growth of the market in the near future.