Australia Kyphoplasty Market Size & Outlook, 2022-2030
Australia kyphoplasty market, 2018-2030 (US$M)
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Australia kyphoplasty market highlights
- The Australia kyphoplasty market generated a revenue of USD 4.0 million in 2022 and is expected to reach USD 6.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.1% from 2023 to 2030.
- In terms of segment, bone access devices was the largest revenue generating product in 2022.
- Balloon Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Kyphoplasty market data book summary
| Market revenue in 2022 | USD 4.0 million |
| Market revenue in 2030 | USD 6.5 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Bone access devices |
| Fastest growing segment | Balloon Catheters |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Balloon Catheters, Bone Access Devices, Cement Application Products, Instruments |
| Key market players worldwide | Stryker Corp, Medtronic PLC, Smith & Nephew PLC, MicroPort Scientific Corp, Johnson & Johnson, Halma PLC, CareFusion, Merit Medical Systems Inc, iMedicom, Seawon Meditech, Joline, G21, Joimax |
Other key industry trends
- In terms of revenue, Australia accounted for 0.6% of the global kyphoplasty market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan kyphoplasty market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16.1 million by 2030.
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Kyphoplasty Market Scope
Kyphoplasty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia kyphoplasty market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to kyphoplasty market will help companies and investors design strategic landscapes.
Bone access devices was the largest segment with a revenue share of 42.5% in 2022. Horizon Databook has segmented the Australia kyphoplasty market based on balloon catheters, bone access devices, cement application products, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Demand for kyphoplasty surgery is expected to remain strong over the forecast period. The long-term growth is largely a result of population growth and, specifically, the size of the over 60 demographics. However, the age range of patients requiring treatment for vertebral, or spine fractures is also increasing, including people with more active lifestyles and a growing obese population.
The market is being driven by an increase in the number of orthopedic operations. The demand for kyphoplasty procedure is rising due to increasing number of accidents, trauma, and injuries. Moreover, bone density issues and middle-age bone diseases are rising.
All these factors are expected to boost orthopedic market growth in the next few years. Increasing number of surgeries in Australia accelerates market growth of the country. According to the data published by OECD, number of total knee replacement surgeries increased from 51,380 in 2016 to 52,630 in 2018.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia kyphoplasty market , including forecasts for subscribers. This country databook contains high-level insights into Australia kyphoplasty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia kyphoplasty market size, by product, 2018-2030 (US$M)
Australia Kyphoplasty Market Outlook Share, 2022 & 2030 (US$M)
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