The pectus bar market size is projected to reach US$ 70.47 million by 2031 from US$ 52.96 million in 2023. The market is expected to register a CAGR of 3.6% during 2023–2031. The use of multiple pectus bars to support the chest is likely to be a future key trend in the market.
The growing incidence of chest wall deformities, especially pectus excavatum and pectus carinatum, which necessitate surgical correction, is the main factor propelling the pectus bar market. Demand in the market is being driven by growing awareness of minimally invasive procedures such as the Nuss procedure, which uses pectus bars. Rising healthcare costs and easier access to healthcare services in developing nations also fuel the demand for pectus bars.
The pectus bar market emerged as a result of the advancement and widespread use of minimally invasive surgical techniques to treat deformities of the chest wall, specifically pectus excavatum. As the Nuss procedure is less invasive, requires less recovery time, and has fewer complications than traditional open surgery, it gained immense popularity, directly contributing to the need for pectus bars. The method is widely preferred worldwide, with many nations using it as their standard approach to treat pectus excavatum. The market for pectus bars is growing steadily and reaching new heights globally.
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 world. 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.
The site of chest wall insertion and bar shape are currently contoured and placed on the basis of the surgeon's judgment. Bar length is determined by placing a bar-shaped phantom above the patient’s external contour while considering it should cover the space between both midaxillary lines. Sometimes, bar shape is determined based on external chest morphology and thoracic CT-scan. However, planning and standardization of the repair of complex chest wall malformations is challenging, given their inherent heterogeneity. Various studies are going on for the use of technology, especially virtual surgical planning and 3D technology, to overcome complex chest wall malformations. Virtual surgical planning has become an invaluable tool in several fields, with the goal of decreasing human error that would lead to improper fit of surgical devices and subsequent possible complications. The 3D virtual reconstruction from a computed tomography (CT) chest scan enables the surgical team to elaborate a detailed preoperative plan, including the number of implants required, their direction, and their entry points to the thoracic cavity. According to the study “Initial experience with 3D printing in the use of customized Nuss bars in pectus excavatum surgery,” published by the National Institutes of Health (NIH), in 2021, the 3D preoperative design of pectus bars with customized shape and size facilitates surgical planning. It also allows for the most optimal and accurate morphological repair possible, according to patient anatomy, thus reducing the need for additional surgical procedures. Thus, the growing focus on the use of 3D printing technology for customizing pectus bars acts as an opportunity for the pectus bars market growth.
Key segments that contributed to the derivation of the pectus bar market analysis are type and end user.
The geographic scope of the pectus bar market report is mainly divided into five regions: North America, Asia Pacific, Europe, and the Middle East & Africa. North America dominated the market in 2023. The pectus bar market in North America is expected to experience noticeable growth owing to growing awareness and developed healthcare facilities, along with advanced technologies to safely carry out the Nuss procedure (minimally invasive procedure) or Ravitch procedure (an open surgery) for treating chest wall deformity. Additionally, supportive healthcare initiatives in the region are expected to drive the market growth. 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 1 in every 400 newborns in the US. In nearly 40% of pectus excavatum 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.
The regional trends and factors influencing the Pectus Bar Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pectus Bar Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 52.96 Million |
Market Size by 2031 | US$ 70.47 Million |
Global CAGR (2023 - 2031) | 9.0% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Pectus Bar Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Pectus Bar Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The pectus bar market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
The "Pectus Bar Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
North America dominated the market in 2023.
The growing preference for minimally invasive procedures and the use of biocompatible materials are among the major factors fueling the market growth.
The use of multiple pectus bars to reposition the chest is likely to become a popular procedure over the coming years.
The pectus bar market value is expected to reach US$ 70.47 million by 2031.
KLS Martin Group, IDEAR SRL, Biotech GmbH, Zimmer Biomet Holdings Inc, Ventura Medical Technologies, and MedXpert GmbH are among the key players in the market.
The market is expected to register a CAGR of 3.6% during 2023–2031.