Australia Spinal Surgery Devices Market Insights Forecasts to 2033

• The Australia Spinal Surgery Devices Market Size was valued at USD 377.2 Million in 2023.
• The Market Size is Growing at a CAGR of 4.71% from 2023 to 2033
• The Australia Spinal Surgery Devices Market Size is Expected to Reach USD 597.9 Million by 2033

The Australia Spinal Surgery Devices Market Size is Anticipated to Reach USD 597.9 Million by 2033, Growing at a CAGR of 4.71% from 2023 to 2033

Market Overview

Spinal surgical devices refer to any medical equipment whose core use lies in the treatment of spinal injury or deformity, where they often assist in reconstructing or realigning the spine. The devices to be used in the surgery include maintaining spinal alignment and preventing movement as the spine fuses. Spinal surgical devices are used by surgeons to strengthen the spine, treat spinal disorders, and treat back pain. Such materials used in these implants are gentle to the body and are also biocompatible. These are commonly used in the treatment of degenerative disc diseases, degenerative spinal disorders, spinal injuries such as kyphosis and scoliosis, and other degenerative spinal disorders. Growth can be seen in the Australian spine surgery market as the rates of obesity are on the rise, the population is aging, and minimally invasive surgeries are in greater demand. Diseases affecting the spine have also grown, and there is increased research alongside new product development.

Report Coverage

This research report categorizes the market for the Australia spinal surgery devices based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia spinal surgery devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia spinal surgery devices market.

Driving Factors

More advanced technological developments with the emergence of new products for advanced bone grafting and the use of superior materials compared to metal are driving the expansion of the Australia spinal surgery devices market. The degenerative spinal diseases are increasing due to population growth. Over a million patients suffering from degenerative spine disease in the country will drive the growth of the Australia spinal surgery devices market for spine implants and surgical instruments. The spinal surgery devices market will witness growth shortly since the number of hospitals and surgical centers is expected to rise.

Restraining Factors

Rising treatment costs are expected to remain one of the restraints to the growth of the surgical devices and spinal implants market over the near term. However, other impediments to the rising spinal implants and surgical devices market over the near term could be a physician shortage and low awareness/education levels.

Market Segmentation

The Australia spinal surgery devices market share is classified into device type and application.

• The spinal fusion segment is expected to hold the largest market share through the forecast period.

The Australia spinal surgery devices market is segmented by device type into spinal decompression, spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. Among these, the spinal fusion segment is expected to hold the largest market share through the forecast period. Growth in spine fusion procedures, with and without internal fixation, has been quickened by technological advancement. Expansion of indications for spine fusions is also a contributing factor for increased demand; pseudoarthrosis, spondylolisthesis, spinal tumors, and congenital or degenerative deformity are included. On the other hand, a spinal fusion that permanently fuses two or more spine bones may be replaced with a non-fusion procedure.

• The hospital segment is expected to dominate the Australia spinal surgery devices market during the forecast period.       

Based on the application, the Australia spinal surgery devices market is divided into hospital, ambulatory service centers, and orthopedic centers segments. Among these, the hospital segment is expected to dominate the Australia spinal surgery devices market during the forecast period. Revenue is primarily generated by the hospital segment in Australia spinal surgery devices market because of the two most vital criteria that is availability of long-term care facilities as well as patient continuum care. The hospitalization cases of trauma, fractures, and degenerative disc disease have increased in number, and hence, the demand for spinal fusion products also increased. As there is rapid acceptance of advanced surgical technologies, this market is increasing. In case the two shoulder blades are not in a single plane, there comes to be a condition called severe scoliosis. The spinal fusion devices are found useful there. Orthopedic surgeons most often carry out surgical procedures in hospitals.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia spinal surgery devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Depuy Synthes Spine Inc. (Johnson & Johnson)
• Orthofix Holdings Inc.
• Medtronic PLC
• NuVasive Inc
• Zimmer Holdings Inc.
• KARL STORZ
• Stryker Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia spinal surgery devices market based on the below-mentioned segments:

Australia Spinal Surgery Devices Market, By Device Type

• Spinal Decompression
• Spinal Fusion
• Fracture Repair Devices
• Arthroplasty Devices
• Non-fusion Devices

Australia Spinal Surgery Devices Market, By Application

• Hospital
• Ambulatory Service Centers
• Orthopedic Centers Segments