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Pectus Bar System Market Trends & Growth Projections Studied during 2018 – 2026

May 14th 2019 at 12:20 AM

The global pectus bar system market is apprehended to see impressive growth in the near future due to rising patient pool, high adoption of minimally invasive repair of pectus excavatum and increasing incidence of pectus excavatum and other sternal deformities. The high efficiency of Nuss procedure leads towards the high demand of pectus bar system, which also acts as a driving force that boosts the market growth over the forecast period. In addition, increasing research and development activities to develop highly compatible pectus bar system products are also expected to create new growth opportunities for manufacturers operating in the Pectus Bar System Market.

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Pectus bar system is widely used in pectus excavatum minimally invasive procedures, where approximately more than 1 in 1,000 people are affected by most common thoracic deformity. This deformity is described by a symmetric or asymmetric sternal concavity. While most of the medical procedures are performed for corrective purposes and to enhance the social existence of patients, in later evaluations, pathology presents dangers of cardiopulmonary illness. As an inventive advancement of ancient invasive surgical treatments and a long recovery time and regularly unsatisfactory long-term restorative outcomes, minimally invasive repair of pectus excavatum began to assert for itself as a technique for decision when conditions warrant. Pectus bar system consists of characteristics such as rounded ends and blunt edges, which help minimize tissue destruction during implant insertion. All the instruments in the pectus system are designed to increase simplicity during the Nuss procedure. The pectus bars system is commercially available on the basis of size, length, and material.

However, side effects related to pectus bar system, small patient pool of those having mental or neurological conditions, metal sensitivity reactions, patients with insufficient quantity or quality of bone or fibrous tissue to allow remodeling are excluded from the treatment are factors expected to hamper the global pectus bar system market growth over the forecast period.

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Under the product type, the implant is expected to be dominant segment in the pectus bar system market due growing adoption and entrance of new product candidates. An encouraging sign can be observed in the market with changing consumer trends. By material type, stainless steel is the preferred choice by pectus excavatum and other sternal deformities patient population.

On the basis of regional presence, the global pectus bar system market is segmented into five key regions viz.  North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America is expected to lead in the global pectus bar system market due to new product innovations, and as manufacturers are targeting developed markets due to high adoption of minimally invasive surgery in this region, and growing product awareness due to medical conferences. Europe is expected to be the second leading market for pectus bar system market due to focus on aesthetic appearance and large research bases. The Asia Pacific pectus bar system market is also expected to grow at a higher rate owing to raising awareness regarding the pectus excavatum treatment, especially the Nuss procedure and government initiatives for improving the quality of patient care and decent work culture for caregivers employed in healthcare settings.

Examples of some of the major players in the global pectus bar system market are Reid Healthcare, IDEAR S.R.L., Inc.., Biotech GmbH., Zimmer Biomet, and Others.  Product launch, acquisitions, mergers, strategic collaborations, and technology play vital roles in the growth of the global pectus bar system market.

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