At 3.8% CAGR, Europe Pectus Bar Market is Projected to be Worth US$ 18,912.49 Thousand by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe pectus bar market was valued at US$ 14,056.26 thousand in 2023 and is expected to reach US$ 18,912.49 thousand by 2031, registering a CAGR of 3.8% from 2023 to 2031. Use of 3D printing for customized pectus bars and growing preference for minimally invasive procedures are among the critical factors attributed to drive the Europe pectus bar 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.

On the contrary, post surgical complications hamper the growth of Europe pectus bar market.

Based on type, the Europe pectus bar market is bifurcated into titanium and stainless steel. The titanium segment held 63.9% market share in 2023, amassing US$ 8,978.07 thousand. It is projected to garner US$ 12,351.82 thousand by 2031 to register 4.1% CAGR during 2023–2031.

By end user, the Europe pectus bar market is segmented into hospitals, specialty clinics, and others. The hospitals segment held 63.2% share of Europe pectus bar market in 2023, amassing US$ 8,879.10 thousand. It is anticipated to garner US$ 12,118.95 thousand by 2031 to expand at 4.0% CAGR during 2023–2031.

By country, the Europe pectus bar market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 21.4% share of Europe pectus bar market in 2023. It was assessed at US$ 3,002.42 thousand in 2023 and is likely to hit US$ 4,165.38 thousand by 2031, registering a CAGR of 4.2% during 2023–2031.

Key players operating in the Europe pectus bar market are KLS Martin Group, Biotech GmbH, Zimmer Biomet Holdings Inc, Ventura Medical Technologies, and MedXpert GmbH, among others.

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