Summary

According to our new research study on “Pectus Bar Market Forecast to 2031 - Global Analysis – by Type, End User, and Geography,” the market is anticipated to grow from US$ 52.96 million in 2023 and is projected to reach US$ 70.47 million by 2031; it is expected to register a CAGR of 3.6% during 2023–2031. Growing preference for minimally invasive procedures and use of biocompatible materials are among the most influential factors responsible for the pectus bar market growth. However, post surgical complications hinders the market growth. Use of multiple pectus bars to support chest are expected to bring new pectus bar market trends in the coming years.

More and more individuals are being diagnosed with pectus deformities, especially pectus excavates. As a result, the prevalence of such conditions is on the rise, thereby increasing the demand for treatment alternatives such as the introduction of pectus bars. One of the major factors driving this trend is the growing inclination towards performing less invasive surgical approaches. In this regard, the Nuss procedure, which makes use of the pectus bar, is more commonly preferred due to fewer recovery times and complications than conventional surgeries. This trend is prompting an increasing number of patients to seek surgical treatment for pectus excavatum. However, post-surgical complications are one of the main aspects limiting the pectus bar market expansion.

North America accounted for a major share of the global pectus bar market in 2023. The pectus bar market in North America is segmented into the US, Canada, and Mexico. 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 one in every 400 newborns in the US, and in 40% of the 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.

Use of 3D Printing for Customized Pectus Bars to Provide Market Opportunities in Future

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.

Product -Based Insights

Based on type, the pectus bar market is divided into titanium and stainless steel. The titanium segment held the largest market share in 2023.

End User -Based Insights

Based on end user, the pectus bar market is divided into hospitals, specialty clinics, and others.

Pectus Bar Market: Competitive Landscape and Key Developments

KLS Martin Group, IDEAR SRL, Biotech GmbH, Zimmer Biomet Holdings Inc, Ventura Medical Technologies, MedXpert GmbH are among the key companies operating in the pectus bar market.

The US Food and Drug Administration, Centers for Disease Control and Prevention (CDC), and Global Burden of Disease Study are among the primary and secondary sources referred to while preparing the pectus bar market report.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Pectus Bar Market Landscape
4.1 Overview
4.2 PEST Analysis
5. Pectus Bar Market – Key Market Dynamics
5.1 Pectus Bar Market – Key Market Dynamics
5.2 Market Drivers:
5.2.1 Growing Preference for Minimally Invasive Procedures
5.2.2 Use of Biocompatible Materials
5.3 Market Restraints
5.3.1 Post Surgical Complications
5.4 Market Opportunities
5.4.1 Use of 3D Printing for Customized Pectus Bars
5.5 Future Trends
5.5.1 Use of Multiple Pectus Bars to Support Chest
5.6 Impact of Drivers and Restraints:
6. Pectus Bar Market – Global Market Analysis
6.1 Pectus Bar Market Revenue (US$ Thousand), 2021–2031
6.2 Pectus Bar Market Forecast Analysis
7. Pectus Bar Market Analysis – by Type
7.1 Titanium
7.1.1 Overview
7.1.2 Titanium: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
7.2 Stainless Steel
7.2.1 Overview
7.2.2 Stainless Steel: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
8. Pectus Bar Market Analysis – by End User
8.1 Hospitals
8.1.1 Overview
8.1.2 Hospitals: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
8.2 Specialty Clinics
8.2.1 Overview
8.2.2 Specialty Clinics: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
8.3 Others
8.3.1 Overview
8.3.2 Others: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9. Pectus Bar Market – Geographical Analysis
9.1 North America
9.1.1 North America Pectus Bar Market Overview
9.1.2 North America: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.2.1 North America: Pectus Bar Market – Revenue and Forecast Analysis – by Type
9.1.2.2 North America: Pectus Bar Market – Revenue and Forecast Analysis – by End User
9.1.3 North America: Pectus Bar Market – Revenue and Forecast Analysis – by Country
9.1.3.1 United States: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.3.1.1 United States: Pectus Bar Market Breakdown, by Type
9.1.3.1.2 United States: Pectus Bar Market Breakdown, by End User
9.1.3.2 Canada: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.3.2.1 Canada: Pectus Bar Market Breakdown, by Type
9.1.3.2.2 Canada: Pectus Bar Market Breakdown, by End User
9.1.3.3 Mexico: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.1.3.3.1 Mexico: Pectus Bar Market Breakdown, by Type
9.1.3.3.2 Mexico: Pectus Bar Market Breakdown, by End User
9.2 Europe
9.2.1 Europe Pectus Bar Market Overview
9.2.2 Europe: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.2.1 Europe: Pectus Bar Market – Revenue and Forecast Analysis – by Type
9.2.2.2 Europe: Pectus Bar Market – Revenue and Forecast Analysis – by End User
9.2.3 Europe: Pectus Bar Market – Revenue and Forecast Analysis – by Country
9.2.3.1 United Kingdom: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.1.1 United Kingdom: Pectus Bar Market Breakdown, by Type
9.2.3.1.2 United Kingdom: Pectus Bar Market Breakdown, by End User
9.2.3.2 Germany: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.2.1 Germany: Pectus Bar Market Breakdown, by Type
9.2.3.2.2 Germany: Pectus Bar Market Breakdown, by End User
9.2.3.3 France: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.3.1 France: Pectus Bar Market Breakdown, by Type
9.2.3.3.2 France: Pectus Bar Market Breakdown, by End User
9.2.3.4 Italy: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.4.1 Italy: Pectus Bar Market Breakdown, by Type
9.2.3.4.2 Italy: Pectus Bar Market Breakdown, by End User
9.2.3.5 Spain: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.5.1 Spain: Pectus Bar Market Breakdown, by Type
9.2.3.5.2 Spain: Pectus Bar Market Breakdown, by End User
9.2.3.6 Rest of Europe: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.2.3.6.1 Rest of Europe: Pectus Bar Market Breakdown, by Type
9.2.3.6.2 Rest of Europe: Pectus Bar Market Breakdown, by End User
9.3 Asia Pacific
9.3.1 Asia Pacific Pectus Bar Market Overview
9.3.2 Asia Pacific: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.2.1 Asia Pacific: Pectus Bar Market – Revenue and Forecast Analysis – by Type
9.3.2.2 Asia Pacific: Pectus Bar Market – Revenue and Forecast Analysis – by End User
9.3.3 Asia Pacific: Pectus Bar Market – Revenue and Forecast Analysis – by Country
9.3.3.1 China: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.1.1 China: Pectus Bar Market Breakdown, by Type
9.3.3.1.2 China: Pectus Bar Market Breakdown, by End User
9.3.3.2 Japan: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.2.1 Japan: Pectus Bar Market Breakdown, by Type
9.3.3.2.2 Japan: Pectus Bar Market Breakdown, by End User
9.3.3.3 India: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.3.1 India: Pectus Bar Market Breakdown, by Type
9.3.3.3.2 India: Pectus Bar Market Breakdown, by End User
9.3.3.4 Australia: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.4.1 Australia: Pectus Bar Market Breakdown, by Type
9.3.3.4.2 Australia: Pectus Bar Market Breakdown, by End User
9.3.3.5 South Korea: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.5.1 South Korea: Pectus Bar Market Breakdown, by Type
9.3.3.5.2 South Korea: Pectus Bar Market Breakdown, by End User
9.3.3.6 Rest of APAC: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.3.3.6.1 Rest of APAC: Pectus Bar Market Breakdown, by Type
9.3.3.6.2 Rest of APAC: Pectus Bar Market Breakdown, by End User
9.4 Middle East & Africa
9.4.1 Middle East & Africa Pectus Bar Market Overview
9.4.2 Middle East & Africa: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.4.2.1 Middle East & Africa: Pectus Bar Market – Revenue and Forecast Analysis – by Type
9.4.2.2 Middle East & Africa: Pectus Bar Market – Revenue and Forecast Analysis – by End User
9.4.3 Middle East & Africa: Pectus Bar Market – Revenue and Forecast Analysis – by Country
9.4.3.1 South Africa: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.4.3.1.1 South Africa: Pectus Bar Market Breakdown, by Type
9.4.3.1.2 South Africa: Pectus Bar Market Breakdown, by End User
9.4.3.2 Saudi Arabia: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.4.3.2.1 Saudi Arabia: Pectus Bar Market Breakdown, by Type
9.4.3.2.2 Saudi Arabia: Pectus Bar Market Breakdown, by End User
9.4.3.3 United Arab Emirates: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.4.3.3.1 United Arab Emirates: Pectus Bar Market Breakdown, by Type
9.4.3.3.2 United Arab Emirates: Pectus Bar Market Breakdown, by End User
9.4.3.4 Rest of Middle East & Africa: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.4.3.4.1 Rest of Middle East & Africa: Pectus Bar Market Breakdown, by Type
9.4.3.4.2 Rest of Middle East & Africa: Pectus Bar Market Breakdown, by End User
9.5 South and Central America
9.5.1 South & Central America Pectus Bar Market Overview
9.5.2 South and Central America: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.5.2.1 South and Central America: Pectus Bar Market – Revenue and Forecast Analysis – by Type
9.5.2.2 South and Central America: Pectus Bar Market – Revenue and Forecast Analysis – by End User
9.5.3 South and Central America: Pectus Bar Market – Revenue and Forecast Analysis – by Country
9.5.3.1 Brazil: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.5.3.1.1 Brazil: Pectus Bar Market Breakdown, by Type
9.5.3.1.2 Brazil: Pectus Bar Market Breakdown, by End User
9.5.3.2 Argentina: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.5.3.2.1 Argentina: Pectus Bar Market Breakdown, by Type
9.5.3.2.2 Argentina: Pectus Bar Market Breakdown, by End User
9.5.3.3 Rest of South and Central America: Pectus Bar Market – Revenue and Forecast to 2031 (US$ Thousand)
9.5.3.3.1 Rest of South and Central America: Pectus Bar Market Breakdown, by Type
9.5.3.3.2 Rest of South and Central America: Pectus Bar Market Breakdown, by End User
10. Pectus Bar Market – Industry Landscape
10.1 Overview
11. Company Profiles
11.1 KLS Martin Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 IDEAR SRL
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Biotech GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Zimmer Biomet Holdings Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Ventura Medical Technologies
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 MedXpert GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms