Pectus Bar Market is expected to reach US$ 70.47 Million by 2031

Titanium Segment to Bolster Pectus Bar Market Size During 2023–2031

According to our new research study on "Pectus Bar Market Forecast to 2031 – Global Analysis – by Type and End User," the market is expected to grow from US$ 52.96 million in 2023 to US$ 70.47 million by 2031; it is anticipated to record a CAGR of 3.6% from 2023 to 2031. The pectus bar market report emphasizes the trends prevalent in the global market, along with drivers and deterrents affecting its growth.

The growing preference for minimally invasive procedures and the use of biocompatible materials are among the factors contributing to pectus bar market growth. However, post-surgical complications hamper the market growth. Nevertheless, the use of multiple pectus bars to support the chest is expected to bring new pectus bar market trends in the coming years.

Pectus Bar Market Share, by Region, 2023 (%)

Source: The Insight Partners Analysis

Growing Preference for Minimally Invasive Procedures Propel Pectus Bar Market Growth

Pectus excavatum, also known as sunken chest or funnel chest, is a result of abnormal growth of rib cartilage due to which the sternum is pulled inward, resulting in depression in the chest. According to Radiopaedia, pectus excavatum occurs in up to 1 in 300–1,000 births and is predominant in males. As per the National Library of Medicine (NLM), in 2023, about 95% of congenital chest wall anomalies are attributed to pectus deformities, and pectus excavatum is most common in them. To surgically repair pectus excavatum, pectus bars are placed in such a way that the sternum is repositioned, giving space for the heart and lungs to function properly. This procedure improves breathing, exercise intolerance, and chest pain in the patient. According to the study “The questionable benefit of pectus excavatum repair on cardiopulmonary function: a prospective study,” published on NLM in 2022, since the introduction of minimally invasive techniques for fixing pectus excavatum, there has been an increase in the number of patients opting for surgery for the treatment of pectus excavatum using pectus bars. Thus, the growing awareness about the benefits of pectus bar placement is driving the pectus bar market growth.

The pectus bar market analysis has been carried out by considering the following segments: type, end user, and geography. Based on type, the market is segmented into titanium and stainless steel. The titanium segment held a larger market share in 2023. Titanium alloy plate is preferred for repairing pectus excavatum over stainless steel, as it allows for easy visibility and does not interfere with MRI examinations. Compared with stainless steel bars, the titanium alloy plate conforms well to the body and has a high affinity. Its high elasticity reduces the risk of complications such as dislocation, as it allows external force to escape in a controlled direction. Using titanium alloy plates for the Nuss procedure is beneficial due to their strength and ability to address inconveniences associated with bar insertion.

Though the Nuss procedure is safe and effective, complications can arise. Metal allergies are among the commonly reported complications. Therefore, titanium bars are recommended for patients with metal sensitivity, as titanium is a biocompatible metal. However, there is room for a few allergic reactions with the use of titanium bars because these bars are composed of titanium alloy containing trace amounts of other metals, such as vanadium and aluminum. Oral steroids are prescribed to treat metal allergies.

By end user, the market is segmented into hospitals, specialty clinics, and others. The hospitals segment held the largest pectus bar market share in 2023. Hospitals are primary contact points for patients for the diagnosis and treatment of various conditions. Infrastructure available in hospitals helps professionals provide high-quality care for people suffering from various disease conditions. The hospitals segment is estimated to hold a considerable share as most patients in emerging nations and developed countries prefer to visit hospitals for various health-related problems. Multispecialty hospitals offer diagnostic and therapeutic services for various thoracic conditions. These healthcare facilities also help patients through reimbursement provisions and assistance.

Below are a few renowned hospitals and their stats on pectus excavatum procedures performed:

• A total of 115 patients underwent the thoracoscopic-assisted Nuss procedure to treat pectus excavatum at the Department of Thoracic Surgery of Yunnan First People’s Hospital from January 2017 to January 2022.
• Isar Intercontinental Hospital is one of the top 10 hospitals in Turkey and holds an international JCI certificate from the US. The hospital has performed over 800 pectus excavatum surgeries.

The Johns Hopkins Children's Center offers treatment for pectus excavatum. The pectus program at the center is staffed by an experienced pediatric surgical team specializing in treating chest wall deformities. The team provides support for young children and adolescents with these disorders before, during, and after correction. It consists of pediatric surgeons, pediatric anesthesiologists, pediatric nurse practitioners, pediatric radiologists, and a dedicated post-surgery nursing team.

The geographic scope of the pectus bar market report includes the assessment of the market performance in North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), South & Central America (Brazil, Argentina, and the Rest of South & Central America), and the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa).

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