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Australia Spinal Surgery Devices Market

Australia Spinal Surgery Devices Market

Australia Spinal Surgery Devices Market - By Device Type (Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, Laminotomy), Spinal Fusion (Cervical Fusion, Interbody Fusion, Thoraco Lumbar Fusion, Other Spinal Fusions); Fracture Repair Devices, Arthroplasty Devices, Non-fusion Devices); By Application (Hospital, Ambulatory Service Centers, Orthopedic Centers), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2023
  • Report ID: BWC22631
  • Available Format: PDF
  • Page: 240

Report Overview

Growing demand for minimally invasive surgeries, rising obesity rates, elderly population, and spine-related disorders, as well as expanding research efforts and new product launches could boost the growth of Australia Spinal Surgery Market during the forecast period between 2023 and 2029.

Australia Spinal Surgery Devices Market - Industry Trends & Forecast Report, 2029

Australia spinal surgery devices market size was estimated at USD 359.2 million in 2022. During the forecast period between 2023 and 2029, Australia spinal surgery devices market size is expected to grow at a CAGR of 4.9% reaching a value of USD 499.5 million by 2029. Spinal cord injuries have increased in recent years because of an increase in sedentary lifestyles. This is expected to increase demand for spinal devices during the forecast period. An increase in geriatric populations in Australia is expected to boost sales of this medical equipment. Osteoporosis is a common condition that harms the spinal cord as people age. As a result, sales of spinal devices may increase during the forecast period.

Australia Spinal Surgery Devices Market

Australia Spinal Surgery Devices Market - Overview

During surgery, surgeons use spinal implants to treat spinal disorders, relieve back pain, and strengthen the spine. These implants' materials are biocompatible and gentle on the body. They are frequently used in the treatment of spinal injuries such as scoliosis, kyphosis, and other degenerative spinal disorders, as well as degenerative disc diseases and degenerative spinal disorders. The primary product types in spinal surgery devices and equipment are spine biologics, surgical spinal decompression, vertebral compression fracture treatment products, non-fusion, and fusion. Spine biologics are materials used in spine surgery. Spinal surgery tools and equipment are used to perform open and minimally invasive surgeries, among others. These are used in hospitals, ambulatory care facilities, and orthopedic centers.

Growth Drivers

Technology Advancements in Spine Surgery

The market is expanding because of numerous technological advancements, including the creation of sophisticated bone grafting products and the use of materials that are more durable than metal.

Restraints

High Treatment Costs and Time Commitments

Increased treatment costs, on the other hand, are expected to stymie growth in the spinal implants and surgical devices market during the forecast period. However, a physician shortage and a lack of awareness/education may pose additional challenges to the growth of the spinal implants and surgical devices market shortly.

Impact of COVID-19 on Australia Spinal Surgery Devices Market

The COVID-19 pandemic had a significant impact on the spinal implant and surgical devices markets across the globe. Many patients visit healthcare facilities daily because of the COVID-19 pandemic. Hospital beds, healthcare providers, and basic medical equipment were scarce. The medical device industry saw a significant decrease in sales of spinal implant devices. However, the spinal implants and surgical devices market is expected to be significantly impacted in the post-COVID scenario due to the growing demand for minimally invasive spine surgeries.

Australia Spinal Surgery Devices Market

Segmental Coverage

Australia Spinal Surgery Devices Market - By Device Type

Australia spinal surgery devices market is divided into Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, Laminotomy), Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, Other Spinal Fusions), Fracture Repair Devices, Arthroplasty Devices, Non-fusion Devices. Due to the increasing number of spinal fusion surgeries, spinal fusion devices hold the largest market share. Technological advancements in spine fusion procedures with and without internal fixation have resulted in rapid growth. Increased indications for spine fusions have contributed to the high demand. Congenital or degenerative deformity, spondylolisthesis, spinal tumors, and pseudarthrosis are a few examples. The non-fusion procedure, on the other hand, is a viable alternative to spinal fusion, which permanently joins two or more bones in the spine.

Australia Spinal Surgery Devices Market Share

Australia Spinal Surgery Devices Market - By Application

On basis of application, Australia spinal surgery devices market is divided into Hospital, Ambulatory Service Centers, and Orthopedic Centers segments. The hospital segment represents a sizeable portion of revenue. Long-term care facilities accessibility and patients' ongoing care are two of the main factors boosting the segment's revenue growth. The need for spinal fusion devices is growing due to the rising incidence of degenerative disc diseases, trauma, and fractures among hospital patients. The quick uptake of cutting-edge surgical technology is fueling the expansion of this market. Spinal fusion devices are helpful in cases of severe scoliosis, which typically develops when two shoulder blades are not on the same plane. Surgical procedures are typically carried out in hospitals by orthopedic surgeons.

Competitive Landscape

Competition in Australia spinal surgery devices market is intense. Major companies in the market include Depuy Synthes Spine Inc. (Johnson & Johnson), Orthofix Holdings Inc., Medtronic PLC, NuVasive Inc., KARL STORZ, Evolution Surgical, Stryker Corporation, Zimmer Holdings Inc., Kunovus Disc Device, and Prism Surgical. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Development

  • In October 2021 - Stryker established a research and development laboratory in Queensland, Australia.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Australia

Product/ Service Segmentation

Device Type, Application

Key Players

Depuy Synthes Spine Inc. (Johnson & Johnson), Orthofix Holdings Inc., Medtronic PLC, NuVasive Inc., KARL STORZ, Evolution Surgical, Stryker Corporation, Zimmer Holdings Inc., Kunovus Disc Device, Prism Surgical

 

By Device Type

  • Spinal Decompression

  1. Corpectomy

  2. Discectomy

  3. Facetectomy

  4. Foraminotomy

  5. Laminotomy

  • Spinal Fusion

  1. Cervical Fusion

  2. Interbody Fusion

  3. ThoracoLumbar Fusion

  4. Other Spinal Fusions

  • Fracture Repair Devices

  • Arthroplasty Devices

  • Non-fusion Devices

By Application

  • Hospital

  • Ambulatory Service Centers

  • Orthopedic Centers

  1. Research Framework
    1. Research Objective
    2. Spinal Surgery Devices Overview
    3. Market Segmentation
  2. Executive Summary
  3. Australia Spinal Surgery Devices Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Expanding Research Efforts and New Product Launches
        2. Complications Related to Treatments Using Spinal Surgery Devices
        3. Rising Demand for Minimally Invasive Surgeries
      2. Restraints
        1. High Treatment Costs and Time Commitments
      3. Opportunities
        1. Obesity Rates Rising, Population Aging, And Spine-Related Disorders
        2. Increasing Opportunity in The Industry
      4. Challenges
        1. Complications Related to Treatments Using Spinal Surgery Devices
    3. Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Australia Spinal Surgery Devices Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Device Type
        1. Spinal Decompression
          1. Corpectomy
          2. Discectomy
          3. Facetectomy
          4. Foraminotomy
          5. Laminotomy
        2. Spinal Fusion
          1. Cervical Fusion
          2. Interbody Fusion
          3. ThoracoLumbar Fusion
          4. Other Spinal Fusions
        3. Fracture Repair Devices
        4. Arthroplasty Devices
        5. Non-fusion Devices
      2. By Application
        1. Hospital
        2. Ambulatory Service Centers
        3. Orthopedic Centers
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Australia Spinal Surgery Devices Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Australia Spinal Surgery Devices Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Depuy Synthes Spine Inc. (Johnson & Johnson)
    2. Orthofix Holdings Inc.
    3. Medtronic PLC
    4. NuVasive Inc.
    5. KARL STORZ
    6. Evolution Surgical
    7. Stryker Corporation
    8. Zimmer Holdings Inc.
    9. Kunovus Disc Device
    10. Prism Surgical
    11. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1.   Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.          

 

List of Figures

 

Figure 1            Australia Spinal Surgery Devices Segmentation                   

Figure 2            Australia Spinal Surgery Devices Market Value Chain Analysis

Figure 3            Company Market Share Analysis, 2022                    

Figure 4            Australia Spinal Surgery Devices Market Size, By Value (USD Million), 2019–2029

Figure 5            Australia Spinal Surgery Devices Market Share, By Device Type, By Value, 2019–2029

Figure 6            Australia Spinal Surgery Devices Market Share, By Application, By Value, 2019–2029

 

 

List of Tables

 

 

Table 1             Australia Spinal Surgery Devices Market Size, By Device Type, By Value, 2019–2029

Table 2             Australia Spinal Surgery Devices Market Size, By Application, By Value, 2019–2029

Table 3             Depuy Synthes Spine Inc. (Johnson & Johnson) Company Overview

Table 4             Depuy Synthes Spine Inc. (Johnson & Johnson) Financial Overview

Table 5             Orthofix Holdings Inc. Company Overview

Table 6             Orthofix Holdings Inc. Financial Overview

Table 7             Medtronic PLC Company Overview

Table 8             Medtronic PLC Financial Overview

Table 9             NuVasive Inc. Company Overview

Table 10   NuVasive Inc. Financial Overview

Table 11   KARL STORZ Company Overview

Table 12   KARL STORZ Financial Overview

Table 13   Evolution Surgical Company Overview

Table 14   Evolution Surgical Financial Overview

Table 15   Stryker Corporation Company Overview

Table 16   Stryker Corporation Financial Overview

Table 17   Zimmer Holdings Inc. Company Overview

Table 18   Zimmer Holdings Inc. Financial Overview

Table 19   Kunovus Disc Device Company Overview

Table 20   Kunovus Disc Device Financial Overview

Table 21   Prism Surgical Company Overview

Table 22   Prism Surgical Financial Overview

 

 

Market Segmentation

By Device Type

  • Spinal Decompression

  1. Corpectomy

  2. Discectomy

  3. Facetectomy

  4. Foraminotomy

  5. Laminotomy

  • Spinal Fusion

  1. Cervical Fusion

  2. Interbody Fusion

  3. ThoracoLumbar Fusion

  4. Other Spinal Fusions

  • Fracture Repair Devices

  • Arthroplasty Devices

  • Non-fusion Devices

By Application

  • Hospital

  • Ambulatory Service Centers

  • Orthopedic Centers

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