North America Pectus Bar Market Forecast to 2031 - Regional Analysis - by Type (Titanium and Stainless Steel) and End User (Hospitals, Specialty Clinics, and Others)

List of Tables

The North America pectus bar market was valued at US$ 22,885.12 thousand in 2023 and is expected to reach US$ 29,826.15 thousand by 2031; it is estimated to register a CAGR of 3.4% from 2023 to 2031.

Use of Biocompatible Materials Fuels North America Pectus Bar Market

Pectus bars are typically made of stainless steel that contains nickel and chromium components. These components can cause allergic reactions, leading to fever and allergic dermatitis. Due to allergic complications of stainless-steel bars, titanium bars are being preferred across the globe. However, the cost of titanium is higher and also, they are less plastic i.e. they cannot adjust according to the structure of chest which has a negative impact on stabilizing the bar. Thus, various biodegradable materials are now being used to develop pectus bars. Recently, polylactide (PLA) and polylactic-co-glycolic acid (PLGA) have gained traction in the manufacturing of absorbable pectus bars. PLA is biodegradable and inactive thermoplastic aliphatic polyester derived from renewable resources such as cornstarch. PLGA presents sustainable drug-eluting capacities that provide controlled delivery of various pharmaceuticals and biomolecules (such as growth factors) for enhancing bone healing, extended discharge of antimicrobial agents for infection control, and biomimetic mats for tendon/ligament repairs. Using biocompatible materials is favorable as they are directly absorbed in the body, owing to which a second surgical procedure can be avoided for the removal of pectus bars. Furthermore, these materials can be combined with pharmaceuticals for healing and have similar elastic modulus to bone, which can minimize stress shielding. Thus, the increasing focus on using biocompatible materials that are more effective and cost-efficient for manufacturing pectus bars is fueling the market growth.

North America Pectus Bar Market Overview

In North America, the US is the largest market for pectus bars. Pectus bars are used for the treatment of pectus excavatum and pectus carinatum, which affect the physical appearance and, in some cases, may affect the respiratory function. As per an article published in Elsevier journal in 2024, pectus excavatum affects one in every 400 newborns in the US, and in 40% of the cases, the patient has a family history of chest wall deformities. As the country has well-developed healthcare facilities and infrastructure, surgical procedures are executed effectively. Moreover, the adoption of 3D printing technology and advanced imaging technology helps in the development of customized solutions for better outcomes creating the demand for pectus bars and provide impetus to its market growth in the coming years.

North America Pectus Bar Market Revenue and Forecast to 2031 (US$ Thousand)

North America Pectus Bar Market Segmentation

The North America pectus bar market is categorized into type, end user, and country.

Based on type, the North America pectus bar market is bifurcated into titanium and stainless steel. The titanium segment held a larger market share in 2023.

In terms of end user, the North America pectus bar market is segmented into hospitals, specialty clinics, and others. The hospitals segment held a larger market share in 2023.

By country, the North America pectus bar market is segmented into the US, Canada, and Mexico. The US dominated the North America pectus bar market share in 2023.

KLS Martin Group, Biotech GmbH, Zimmer Biomet Holdings Inc, Ventura Medical Technologies, and MedXpert GmbH are some of the leading companies operating in the North America pectus bar market.

Product Code: BMIRE00031344

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. North America Pectus Bar Market - Key Market Dynamics

4.1 North America Pectus Bar Market - Key Market Dynamics
4.2 Market Drivers:
- 4.2.1 Growing Preference for Minimally Invasive Procedures
- 4.2.2 Use of Biocompatible Materials
4.3 Market Restraints
- 4.3.1 Post Surgical Complications
4.4 Market Opportunities
- 4.4.1 Use of 3D Printing for Customized Pectus Bars
4.5 Future Trends
- 4.5.1 Use of Multiple Pectus Bars to Support Chest
4.6 Impact of Drivers and Restraints:

5. Pectus Bar Market - North America Market Analysis

5.1 North America Pectus Bar Market Revenue (US$ Thousand), 2021-2031

6. North America Pectus Bar Market Analysis - by Type

6.1 Titanium
- 6.1.1 Overview
- 6.1.2 Titanium: North America Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
6.2 Stainless Steel
- 6.2.1 Overview
- 6.2.2 Stainless Steel: North America Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)

7. North America Pectus Bar Market Analysis - by End User

7.1 Hospitals
- 7.1.1 Overview
- 7.1.2 Hospitals: North America Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
7.2 Specialty Clinics
- 7.2.1 Overview
- 7.2.2 Specialty Clinics: North America Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
7.3 Others
- 7.3.1 Overview
- 7.3.2 Others: North America Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)

8. North America Pectus Bar Market - Country Analysis

8.1 North America
- 8.1.1 North America: Pectus Bar Market - Revenue and Forecast Analysis - by Country
  - 8.1.1.1 United States: Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 8.1.1.1.1 United States: Pectus Bar Market Breakdown, by Type
    - 8.1.1.1.2 United States: Pectus Bar Market Breakdown, by End User
  - 8.1.1.2 Canada: Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 8.1.1.2.1 Canada: Pectus Bar Market Breakdown, by Type
    - 8.1.1.2.2 Canada: Pectus Bar Market Breakdown, by End User
  - 8.1.1.3 Mexico: Pectus Bar Market - Revenue and Forecast to 2031 (US$ Thousand)
    - 8.1.1.3.1 Mexico: Pectus Bar Market Breakdown, by Type
    - 8.1.1.3.2 Mexico: Pectus Bar Market Breakdown, by End User

9. Pectus Bar Market - Industry Landscape

9.1 Overview

10. Company Profiles

10.1 KLS Martin Group
- 10.1.1 Key Facts
- 10.1.2 Business Description
- 10.1.3 Products and Services
- 10.1.4 Financial Overview
- 10.1.5 SWOT Analysis
- 10.1.6 Key Developments
10.2 Biotech GmbH
- 10.2.1 Key Facts
- 10.2.2 Business Description
- 10.2.3 Products and Services
- 10.2.4 Financial Overview
- 10.2.5 SWOT Analysis
- 10.2.6 Key Developments
10.3 Zimmer Biomet Holdings Inc
- 10.3.1 Key Facts
- 10.3.2 Business Description
- 10.3.3 Products and Services
- 10.3.4 Financial Overview
- 10.3.5 SWOT Analysis
- 10.3.6 Key Developments
10.4 Ventura Medical Technologies
- 10.4.1 Key Facts
- 10.4.2 Business Description
- 10.4.3 Products and Services
- 10.4.4 Financial Overview
- 10.4.5 SWOT Analysis
- 10.4.6 Key Developments
10.5 MedXpert GmbH
- 10.5.1 Key Facts
- 10.5.2 Business Description
- 10.5.3 Products and Services
- 10.5.4 Financial Overview
- 10.5.5 SWOT Analysis
- 10.5.6 Key Developments

11. Appendix

11.1 About The Insight Partners