Pectus Bar Market Analysis and Forecast by Size, Share, Growth, Trends 2031

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.

Pectus Bar Market Analysis

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.

Pectus Bar Market Overview

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.

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Pectus Bar Market: Strategic Insights

Pectus Bar Market

• 
  CAGR (2023 - 2031)

  3.6%
• Market Size 2023
  US$ 52.96 Million
• Market Size 2031
  US$ 70.47 Million

Market Dynamics

GROWTH DRIVERS

• Growing Preference for Minimally Invasive Procedures

FUTURE TRENDS

• Use of Multiple Pectus Bars to Support Chest

OPPORTUNITIES

• Use of 3D Printing for Customized Pectus Bars

Key Players

• KLS Martin Group
• IDEAR SRL
• Biotech GmbH
• Zimmer Biomet Holdings Inc
• Ventura Medical Technologies
• MedXpert GmbH

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Titanium and Stainless Steel

End User

• Hospitals
• Specialty Clinics

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Pectus Bar Market Drivers and Opportunities

Use of Biocompatible Materials to Favor 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 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.

Use of 3D Printing for Customized Pectus Bars to Offer Opportunity for Market

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.

Pectus Bar Market Report Segmentation Analysis

Key segments that contributed to the derivation of the pectus bar market analysis are type and end user.

• Based on type, the pectus bar market is segmented into titanium and stainless steel.  The titanium segment held a larger market share in 2023.
• By end user, the market is divided into hospitals, specialty clinics, and others. The hospitals segment dominated the market in 2023.

Pectus Bar Market Share Analysis by Geography

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.

Pectus Bar Market Report Scope

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Pectus Bar Market News and Recent Developments

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:

• Ventura Medical Technologies showcased Pectus Up for Pectus Excavatum and Hyposfix for Hypospadias at the Ibero-American Association of Pediatric Surgery Congress in Guayaquil, Ecuador from July 25 to 27, 2024. Bemart Corp. presented the devices at stand number 8 and offered workshops, practical sessions, and live demonstrations. (Source: Ventura Medical Technologies, Company Website, July 2024)
• Ventura Medical Technologies launched a new Pectus Up surgery and several training workshops in Athens with expert Pectus Excavatum surgeons. The specialists of Ventura Medical Technologies traveled to the Hellenic capital last January to train surgeons and implant the first Pectus Up in Greece. (Source: Ventura Medical Technologies, Company Website, February 2021)

Pectus Bar Market Report Coverage and Deliverables

The "Pectus Bar Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Pectus bar market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Pectus bar market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter's Five Forces and SWOT analysis
• Pectus bar market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pectus bar market
• Detailed company profiles