Name: Australia Thoracolumbar Spine Devices Market Size, Share, Industry, Forecast and outlook (2023-2030)
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Australia Thoracolumbar Spine Devices Market Size Share & Forecast 2030

Australia Thoracolumbar Spine Devices Market Size, Share, Industry, Forecast and outlook (2023-2030)

<h2>Australia Thoracolumbar Spine Devices Market is segmented&nbsp;By Product Type (Spine Biologics, Implants, Instrumentation, Others),&nbsp;By Procedure (Minimally Invasive Surgery (MIS), Open Surgery, Others),&nbsp;By Device Type (Anterior Stabilization Device, Retractors, Posterior Stabilization Device, Others),&nbsp;By Material (Stainless Steel, Titanium, Others),&nbsp;By End-User (Hospitals and Clinics, Diagnostic Centers, Research Centers, Others), and By Region&nbsp;&ndash; Share, Size, Outlook, and Opportunity Analysis, 2022-2029</h2>

&nbsp;

<h3>The Australia thoracolumbar spine devices market size was valued US$ 289.6 million in 2021 and is estimated to reach US$ 504.3 million by 2029, growing at a CAGR of 5.1% during the forecast period (2022-2029).</h3>

<h3>Australia Thoracolumbar Spine Devices Market Scope</h3>

<table border="1" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
			Metrics
			</td>
			<td>
			Details
			</td>
		</tr>
		<tr>
			<td>
			Market&nbsp;CAGR
			</td>
			<td>
			5.1%
			</td>
		</tr>
		<tr>
			<td>
			Segments Covered
			</td>
			<td>
			By Product,&nbsp;By Procedure,&nbsp;By Device,&nbsp;By Application,By Material ,By End-User and By Region
			</td>
		</tr>
		<tr>
			<td>
			Report Insights Covered
			</td>
			<td>
			Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
			</td>
		</tr>
		<tr>
			<td>
			Fastest Growing Region
			</td>
			<td>
			Asia Pacific
			</td>
		</tr>
		<tr>
			<td>
			Largest Market Share&nbsp;
			</td>
			<td>
			North America
			</td>
		</tr>
	</tbody>
</table>

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Thoracolumbar fractures are associated with disruption of the ligamentous complexes. These are breakages in the vertebrae of the spinal column in the thoracic and lumbar region which may result in instability or compression of neural structures.&nbsp;The thoracolumbar spine devices are used in this region to provide steady support to the spine and avoid bending of the thoracic spine.&nbsp;These devices are used for the treatment of several disorders such as spinal stenosis, spinal instability or scoliosis, degenerative disc disease (DDD), disc herniation, prolapsed intervertebral disc, excessive kyphosis, among others.

Market&nbsp;Dynamics

The Australia thoracolumbar spine devices market is growing due to the rising incidence of spinal disorders such as spinal stenosis, vertebral fracture, degenerative disc disease, excessive kyphosis, and others across Australia. &nbsp;There was a substantial increase in lumbar spine surgery in Australia.

Rising incidence of spine disorders drives the growth&nbsp;of thoracolumbar spine devices market

The continuous advancements in medical device technology have created the potentials for effectively treating various spinal disorders. Medical device manufacturers are developing new products that lead to innovative treatment techniques and surgical procedures. For instance, in September, 2019, RTI Surgical Holdings, Inc. a global surgical implant company, announced the first surgery using the HPSTM 2.0 Hybrid Performance System, a modular pedicle screw system used for mono- and multi-segmental rigid, hybrid, or dynamic posterior stabilization of the thoracolumbar spine. A neurosurgeon and Fellow of the Royal Australasian College of Surgeons performed the surgery at Sydney Adventist Hospital in Sydney, Australia.

There is an inclination towards minimally invasive surgeries (MIS) compared to open surgery as open surgery is a painful procedure and requires a prolonged hospital stay. The shift from traditional open surgeries to minimally invasive surgeries has improved the patient gratification owing to a fast recovery and shorter hospital stay. The increasing demand for minimally invasive spine surgery is one of the major factors boosting the growth of the thoracolumbar spine devices market. In June 2019, NuVasive, Inc. launched Modulus TLIF-O, a porous titanium spine implant to be used under the transforaminal lumbar interbody fusion (TLIF) procedure. These advantages are expected to drive a continued shift towards minimally invasive surgery (MIS) adoption and the associated growth of the MIS spinal implant market.

The risks associated with these devices is likely to hamper the growth of the thoracolumbar spine devices market

High cost associated with these devices hugely impact the market growth, time consuming treatment procedures are also impacting the market negatively. Various risks are associated with these devices such as malfunctioning that can be harmful. Reimbursement issues are also involved in this market that restrains the growth of market.

Industry Analysis

The Australia thoracolumbar spine devices market provides in-depth analysis of the market based on various industry factors such as porter&rsquo;s five forces, regulatory analysis, supply chain analysis, insurance and reimbursement policies, pricing analysis and product innovations.

Segment Analysis

The implants segment is expected to hold the largest market share in Australia thoracolumbar spine devices market

The implants segment holds the largest market share and is expected to increase for Australia thoracolumbar spine devices market implants segment, owing to the rising prevalence of spine disorders coupled with the growing geriatric population, better efficiency, easy availability of implants, and technological advancement in spinal implants for the treatment.

As the incidences of spinal disorders such as degenerative disc disease or deformity are rising, manufacturers are highly investing in the ongoing development of spinal solutions for the treatment and stabilization of the thoracolumbar spine.&nbsp;Implant systems utilizing specially designed spinal instrumentation are often used in these surgical procedures. The implants are used to facilitate fusion, correct deformities, and stabilize and strengthen the spine. Most spinal implants are made of metals such as titanium, titanium alloy, or stainless steel; some are made of non-metallic compounds.&nbsp;

Currently, scientists are developing bio-resorbable implants. Like other implants, these are used to facilitate fusion. Bio-resorbable implants are designed to break down when they come into contact with water (such as in the body). In July 2019, Alphatec Holdings launched IdentiTi porous titanium interbody implant system for anterior lumbar interbody fusion procedures. Key features of the implant include a stiffness similar to bone, reduced density for improved imaging characteristics, and a proprietary pore structure that enhances implant stability and adhesion.

The thoracolumbar spine devices market is segmented by end-users into diagnostic centers, hospitals &amp; clinics, research centers, ambulatory surgical centers, and others. Among these, the hospitals &amp; clinics segment accounted for the largest market share, owing to supportive reimbursement policies in hospitals. On the other hand, there is an increase in the number of surgical procedures in ambulatory surgical centers which are expected to boost the growth of this segment during the forecast period.

Competitive Landscape

The thoracolumbar spine devices market is highly competitive with the presence of a large number of players including Depuy Synthes, Medtronic Plc., B. Braun Melsungen AG, Alphatec Holdings, Inc., Globus Medical, Inc., Exactech, Inc, Stryker Corporation, Orthofix International N.V, NuVasive, Inc., and Zimmer Biomet.

The key players are adopting various growth strategies such as product launches, mergers &amp; acquisitions, partnerships, and collaborations which are contributing to the growth of the thoracolumbar spine devices market. For instance,&nbsp;in Feb 2022, DePuy acquired a foot and ankle surgical device maker. The crossroad trade hands during the deal was seen from its majority of investors, J&amp;J franchise and Healthpoint Capital.

In Sep 2022, Zimmer Biomet Holdings, Inc., a leader in musculoskeletal healthcare, announced its agreement of multi-year co-marketing with Surgical Planning Associates for the commercialization of HipInsight. It is 1st FDA cleared mixed navigation system for hip replacement. &nbsp;

In January 2019, Southern Spine, a manufacturer of implants and instruments for spinal surgery, launched three new StabiLink Dual Lamina Implants specifically designed for upper thoracic clinical use.

Australia Thoracolumbar Spine Devices Market &ndash; Key Companies to Watch

DePuy Synthes:

Overview: DePuy is the company related to orthopaedic and neurosurgery. It was acquired by Johnson and Johnson it develops, manufactures and markets products for repairing damaged joint or for reconstructing of traumatic skeletal injuries. It was founded in 1895 and is headquartered in United States. It operates in several countries such as Australia, UK, Japan, France, Germany.

Product Portfolio: 

TSLP Thoracolumbar Spine Locking Plate: The TSLP implants are used for thoracolumbar spine anterolateral or lateral fixation as adjunct to fusion in patients that are skeletally mature.

Key Developments: In May 2022, DePuy announced the clearance of INHANCE shoulder system by U.S.FDA for usage in reverse shoulder arthroplasty procedures.

The Australia thoracolumbar spine devices market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.

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<h3 style="background:#eeeeee; border:1px solid #cccccc; padding:5px 10px">Frequently Asked Questions</h3>

What is the Projected CAGR value of the Australia Thoracolumbar Spine Devices Market?

Australia Thoracolumbar Spine Devices Market is expected to grow at a&nbsp;CAGR of 5.1%&nbsp;during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America&nbsp;region Controls&nbsp;the&nbsp;Australia Thoracolumbar Spine Devices Market&nbsp;during 2022-2029.

Which is the fastest growing region in the Australia Thoracolumbar Spine Devices Market?

Among all regions,&nbsp;Asia Pacific&nbsp;is the fastest growing market share during the forecast period.

<h3 style="background:#eeeeee; border:1px solid #cccccc; padding:5px 10px">Trending Topics</h3>

<a href="https://www.datamintelligence.com/research-report/thoracolumbar-spine-devices-market">Thoracolumbar Spine Devices Market</a>

<a href="https://www.datamintelligence.com/research-report/minimally-invasive-spine-surgery-market">Minimally Invasive Spine Surgery Market</a>

<ol>
	<li>Methodology and Scope
	<ol>
		<li>Research Methodology</li>
		<li>Research Objective and Scope of the Report</li>
	</ol>
	</li>
	<li>Market Definition and Overview</li>
	<li>Executive Summary</li>
	<li>Market Dynamics
	<ol>
		<li>Market Impacting Factors</li>
		<li>Drivers
		<ol>
			<li>Rising incidence of spine disorders</li>
			<li>Technological advancement in spine devices</li>
		</ol>
		</li>
		<li>Restraints
		<ol>
			<li>Risks and complications associated with spine devices</li>
		</ol>
		</li>
		<li>Opportunities</li>
		<li>Impact Analysis</li>
	</ol>
	</li>
	<li>Industry Factors
	<ol>
		<li>Porter&rsquo;s Five Forces</li>
		<li>Regulator Analysis</li>
		<li>Supply Chain Analysis</li>
		<li>Insurance and Reimbursement Policies</li>
		<li>Pricing Analysis</li>
		<li>Product Innovations</li>
	</ol>
	</li>
	<li>By Product Type
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type</li>
			<li>Market Attractiveness Index, By Product Type</li>
		</ol>
		</li>
		<li>Spine Biologics
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis, US$ Million, 2021-2029 and Y-o-Y Growth Analysis (%), 2020-2029</li>
		</ol>
		</li>
		<li>Implants</li>
		<li>Instrumentation</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Procedure
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis, and Y-o-Y Growth Analysis (%), By Procedure</li>
			<li>Market Attractiveness Index, By Procedure</li>
		</ol>
		</li>
		<li>Minimally Invasive Surgery (MIS)
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis, US$ Million, 2021-2029 and Y-o-Y Growth Analysis (%), 2020-2029</li>
		</ol>
		</li>
		<li>Open Surgery</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Device Type
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis, and Y-o-Y Growth Analysis (%), By Device Type</li>
			<li>Market Attractiveness Index, By Device Type</li>
		</ol>
		</li>
		<li>Anterior Stabilization Device
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis, US$ Million, 2021-2029 and Y-o-Y Growth Analysis (%), 2020-2029</li>
		</ol>
		</li>
		<li>Retractors</li>
		<li>Posterior Stabilization Device</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By Material
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis, and Y-o-Y Growth Analysis (%), By Material</li>
			<li>Market Attractiveness Index, By Material</li>
		</ol>
		</li>
		<li>Stainless Steel
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis, US$ Million, 2021-2029 and Y-o-Y Growth Analysis (%), 2020-2029</li>
		</ol>
		</li>
		<li>Titanium</li>
		<li>Others</li>
	</ol>
	</li>
	<li>By End-User
	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Attractiveness Index, By End-User</li>
		</ol>
		</li>
		<li>Hospitals and Clinics
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis, US$ Million, 2021-2029 and Y-o-Y Growth Analysis (%), 2020-2029</li>
		</ol>
		</li>
		<li>Diagnostic Centers</li>
		<li>Research Centers</li>
		<li>Others</li>
	</ol>
	</li>
	<li>Competitive Landscape
	<ol>
		<li>Competitive Scenario</li>
		<li>Market Positioning/Share Analysis</li>
		<li>Mergers and Acquisitions Analysis</li>
	</ol>
	</li>
	<li>Company Profiles
	<ol>
		<li>Depuy Synthes
		<ol>
			<li>Company Overview</li>
			<li>Product Portfolio and Description</li>
			<li>Key Highlights</li>
			<li>Financial Overview</li>
		</ol>
		</li>
		<li>Medtronic Plc.</li>
		<li>B. Braun Melsungen AG</li>
		<li>Alphatec Holdings, Inc.</li>
		<li>Globus Medical, Inc.</li>
		<li>Exactech, Inc.</li>
		<li>Stryker Corporation</li>
		<li>Orthofix International N.V</li>
		<li>NuVasive, Inc.</li>
		<li>Zimmer Biomet</li>
		<li>Spineway</li>
		<li>MEDACTA</li>
		<li>Signus Medizintechnik GmbH</li>
		<li>Spineart(*LIST NOT EXHAUSTIVE)</li>
	</ol>
	</li>
	<li>DataM Intelligence
	<ol>
		<li>Appendix</li>
		<li>About Us and Method of Fixation</li>
		<li>Contact Us</li>
	</ol>
	</li>
</ol>

List of Tables

Table 1 Australia Thoracolumbar Spine Devices Market Share, By Product Type, 2021 &amp; 2029 (%)

Table 2 Australia Thoracolumbar Spine Devices Market Value, By Procedure, 2021, 2025 &amp; 2029 ($ Million)

Table 3 Australia Thoracolumbar Spine Devices Market Value, By Device Type, 2021, 2025 &amp; 2029 ($ Million)

Table 4 Australia Thoracolumbar Spine Devices Market Value, By Material, 2021, 2025 &amp; 2029 ($ Million)

Table 5 Australia Thoracolumbar Spine Devices Market Value, By End-User, 2021, 2025 &amp; 2029 ($ Million)

Table 6 Australia Thoracolumbar Spine Devices Market Value, By Product Type, 2021, 2025 &amp; 2029 ($ Million)

Table 7 Australia Thoracolumbar Spine Devices Market Value, By Product Type, 2020-2029 ($ Million)

Table 8 Australia Thoracolumbar Spine Devices Market Value, By Procedure, 2021, 2025 &amp; 2029 ($ Million)

Table 9 Australia Thoracolumbar Spine Devices Market Value, By Procedure, 2020-2029 ($ Million)

Table 10 Australia Thoracolumbar Spine Devices Market Value, By Device Type, 2021, 2025 &amp; 2029 ($ Million)

Table 11 Australia Thoracolumbar Spine Devices Market Value, By Device Type, 2020-2029 ($ Million)

Table 12 Australia Thoracolumbar Spine Devices Market Value, By Material, 2021, 2025 &amp; 2029 ($ Million)

Table 13 Australia Thoracolumbar Spine Devices Market Value, By Material, 2020-2029 ($ Million)

Table 14 Australia Thoracolumbar Spine Devices Market Value, By End-User, 2021, 2025 &amp; 2029 ($ Million)

Table 15 Australia Thoracolumbar Spine Devices Market Value, By End-User, 2020-2029 ($ Million)

Table 16 DePuy Synthes: Overview

Table 17 DePuy Synthes: Product Portfolio

Table 18 DePuy Synthes: Key Developments

Table 19 Medtronic Plc.: Overview

Table 20 Medtronic Plc.: Product Portfolio

Table 21 Medtronic Plc.: Key Developments

Table 22 B. Braun Melsungen AG: Overview

Table 23 B. Braun Melsungen AG: Product Portfolio

Table 24 B. Braun Melsungen AG: Key Developments

Table 25 Alphatec Holdings, Inc.: Overview

Table 26 Alphatec Holdings, Inc.: Product Portfolio

Table 27 Alphatec Holdings, Inc.: Key Developments

Table 28 Globus Medical, Inc.: Overview

Table 29 Globus Medical, Inc.: Product Portfolio

Table 30 Globus Medical, Inc.: Key Developments

Table 31 Exactech, Inc.: Overview

Table 32 Exactech, Inc.: Product Portfolio

Table 33 Exactech, Inc.: Key Developments

Table 34 Stryker Corporation: Overview

Table 35 Stryker Corporation: Product Portfolio

Table 36 Stryker Corporation: Key Developments

Table 37 Orthofix International N.V: Overview

Table 38 Orthofix International N.V: Product Portfolio

Table 39 Orthofix International N.V: Key Developments

Table 40 NuVasive, Inc.: Overview

Table 41 NuVasive, Inc.: Product Portfolio

Table 42 NuVasive, Inc.: Key Developments

Table 43 Zimmer Biomet: Overview

Table 44 Zimmer Biomet: Product Portfolio

Table 45 Zimmer Biomet: Key Development

Table 46 Spineway: Overview

Table 47 Spineway: Product Portfolio

Table 48 Spineway: Key Development

Table 49 MEDACTA: Overview

Table 50 MEDACTA: Product Portfolio

Table 51 MEDACTA: Key Development

Table 52 Signus Medizintechnik GmbH: Overview

Table 53 Signus Medizintechnik GmbH: Product Portfolio

Table 54 Signus Medizintechnik GmbH: Key Development

Table 55 Spineart: Overview

Table 56 Spineart: Product Portfolio

Table 57 Spineart: Key Development

List of Figures

Figure 1 Australia Thoracolumbar Spine Devices Market Share, By Product Type, 2021 &amp; 2029 (%)

Figure 2 Australia Thoracolumbar Spine Devices Market Share, By Procedure, 2021 &amp; 2029 (%)

Figure 3 Australia Thoracolumbar Spine Devices Market Share, By Device Type, 2021 &amp; 2029 (%)

Figure 4 Australia Thoracolumbar Spine Devices Market Share, By Material, 2021 &amp; 2029 (%)

Figure 5 Australia Thoracolumbar Spine Devices Market Share, By End-User, 2021 &amp; 2029 (%)

Figure 6 Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 7 Australia Thoracolumbar Spine Devices Market Y-o-Y Growth, By Product Type, 2021-2029 (%)

Figure 8 Spine Biologics: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 9 Implants: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 10 Instrumentation: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 11 Others: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 12 Australia Thoracolumbar Spine Devices Market Y-o-Y Growth, By Procedure, 2021-2029 (%)

Figure 13 Minimally Invasive Surgery (MIS): Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 14 Open Surgery: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 15 Others: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 16 Australia Thoracolumbar Spine Devices Market Y-o-Y Growth, By Device Type, 2021-2029 (%)

Figure 17 Anterior Stabilization Device: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 18 Retractors: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 19 Posterior Stabilization Device: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 20 Others: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 21 Australia Thoracolumbar Spine Devices Market Y-o-Y Growth, By Material, 2021-2029 (%)

Figure 22 Stainless Steel: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 23 Titanium: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 24 Others: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 25 Australia Thoracolumbar Spine Devices Market Y-o-Y Growth, By End-User, 2021-2029 (%)

Figure 26 Hospitals and Clinics: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 27 Diagnostic Centres: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 28 Research Centres: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 29 Others: Australia Thoracolumbar Spine Devices Market Value, 2020-2029 ($ Million)

Figure 30 DePuy Synthes: Financials

Figure 31 Medtronic Plc.: Financials

Figure 32 B. Braun Melsungen AG: Financials

Figure 33 Alphatec Holdings, Inc.: Financials

Figure 34 Globus Medical, Inc.: Financials

Figure 35 Exactech, Inc.: Financials

Figure 36 Stryker Corporation: Financials

Figure 37 Orthofix International N.V: Financials

Figure 38 NuVasive, Inc.: Financials

Figure 39 Zimmer Biomet: Financials

Figure 40 Spineway: Financials

Figure 41 MEDACTA: Financials

Figure 42 Signus Medizintechnik GmbH: Financials

Figure 43 Spineart: Financials