Australia Spinal Surgery Devices Market Size Analysis By Industry Growth, Size, Share, Demand, Trends and Research Report 2022-2031

(AmericaNewsHour via Comtex)

The Australian spinal surgery devices market is expected to register a CAGR of 5.1% during the forecast period. The propelling factors for the growth of the market include the increasing demand for minimally invasive surgical procedures, increasing incidence of obesity, aging population, and associated spine disorders. The continuous advancements in spine surgery technologies are also expected to provide a boost to the market in the forecast period.

– The Australian population is found aging rapidly, owing to reduced birth rates and increasing life expectancy. The high prevalence of neck and low back pain in the rapidly aging population is associated with significant increase in the number of spinal disorders. While spinal imaging can be useful to identify fewer common causes of neck and back pain, there has been an increasing number of surgery devices.
– The estimates from the Australian Bureau of Statistics, 2014-15 National Health Survey show that there are around 3.7 million Australians facing back problems. It is estimated that 70-90% of people will suffer from lower back pain in some form at some point in their lives. Therefore, the increasing prevalence of spinal deformities due to aging and unhealthy lifestyles is expected to drive the market in the near future.
– In addition, the minimally invasive surgeries have also gathered great attention as a means of improving patient recovery and reducing surgical costs associated with the treatment of spinal conditions. Specialized tools and techniques are allowing traditional surgical approaches for both fusion and non-fusion procedures to be adopted, to lessen the invasiveness of treatment.

Key Market Trends

Click Here to Download Sample Report >>

Spinal Fusion is Expected to Hold a Significant Market Share

The growth of spinal fusion devices is driven by the increase in the geriatric population and rise in the incidence of spinal disorders. In addition, the expansion in indications for which spinal fusion surgery is performed boosts the market growth. These devices are intended to treat disc degenerative diseases, spine injuries, and other disorders pertaining to the cervical, thoracic, and lumbar areas of the spine. According to the World Ageing Report 2019, in Australia, the population aged 60 years and above in 2019 was 40,13 (in thousands), which is expected to increase to 54,45 (in thousands) by 2030. The elderly population is expected to rise in the future, and this population is more prone to back pain conditions, which may positively impact the market. Thus, the growing prevalence of these disorders is attributable to the large share of the segment.

Competitive Landscape

The Australian spinal surgery devices market is fragmented and competitive and consists of several major players. The key players in the market are found focusing on strategic mergers and acquisitions to expand their product portfolios and strengthen their positions in the market. There are also devices that these companies continue to release, contributing to the market's potential growth. In terms of market share, few of the major players are currently dominating the market. Some of the companies currently dominating the market are Depuy Synthes Spine Inc. (Johnson & Johnson), Orthofix Holdings Inc., Medtronic PLC, NuVasive Inc., KARL STORZ, Evolution Surgical, Stryker Corporation, and Zimmer Holdings Inc.

Request For Full Report >>

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Minimally Invasive Surgical Procedures
4.2.2 Increasing Incidence of Obesity, Aging Population, and Associated Spine Disorders
4.3 Market Restraints
4.3.1 High Cost and Time Involved in Treatment Procedures
4.3.2 Reimbursement Issues
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5.1 By Type
5.1.1 Spinal Decompression Corpectomy Discectomy Foraminotomy Laminotomy Other Types
5.1.2 Spinal Fusion Cervical Fusion Lumbar Fusion Other Spinal Fusion Types
5.1.3 Fracture Repair
5.1.4 Arthroplasty
5.1.5 Non-fusion Procedures

6.1 Company Profiles
6.1.1 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.2 Orthofix Holdings Inc.
6.1.3 Medtronic PLC
6.1.4 NuVasive Inc.
6.1.6 Evolution Surgical
6.1.7 Stryker Corporation
6.1.8 Zimmer Holdings Inc.


For more information about this report visit: Australia Spinal Surgery Devices Market

About SDKI :

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count ( SDKI ) provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown
Shibuya Data Count
Email: [email protected]
Tel: + 81 3 45720790

comtex tracking