PEEK Implants – A Global Market Overview

November 2024 | 205 pages | ID: P7F3A8B0BEFDEN
Industry Experts

Abstracts

PEEK Implants Market Trends and Outlook

Polyetheretherketone (PEEK) implants are gaining traction in various medical applications because of their superior mechanical strength, chemical resistance, biocompatibility, and lightweight design. These implants have low radiographic imaging artifacts and are perfect for customized applications using additive manufacturing, improving surgical results and patient comfort. PEEK closely resembles the modulus of cortical bone during spine surgery, which lessens issues like sinking and helps monitor healing. Arthroplasties for the knee and hip are among its orthopedic uses, which improve joint performance and weight distribution.

Additionally, PEEK offers a safer substitute for cardiovascular treatments. It is valued in dentistry for its strength and aesthetic features in removable partial dentures. Its use is anticipated to grow as PEEK advancements continue, establishing its position as a prominent alternative to titanium implants across various medical fields. The global market for PEEK Implants is estimated at US$0.9 billion in 2024 and is expected to register a CAGR of 8.5% during the 2024-2030 analysis period and stand at a projected US$1.5 billion by 2030.

The PEEK implant market is influenced by several key drivers, including its biocompatibility and material properties, which make it a preferred choice for various surgical applications. The growing demand for non-metallic implants, particularly in dental and spinal surgeries, is propelling PEEK's popularity due to its reduced risk of allergic reactions and enhanced patient comfort. Additionally, technological advancements in 3D printing are enabling the creation of customized PEEK implants, improving surgical precision and patient outcomes. The rising number of spinal and orthopedic surgeries among aging populations further boosts demand for these implants. Strategic collaborations between manufacturers and research institutions are fostering innovation and expanding the market's reach.

PEEK Implants Regional Market Analysis

In 2024, North America dominated the global market for PEEK implants, holding an estimated 41.8% share of revenue, fueled by increasing orthopedic disorders, prominent industry players, and government initiatives for innovative products. The region benefits from an advanced healthcare infrastructure, regulatory support, rising investments in specialized healthcare services, and a growing acceptance of PEEK implants, further driving market growth. Conversely, the Asia-Pacific region is projected to experience the highest CAGR of 9.8% during the analysis period 2024-2030, driven by a rise in traffic accidents, an increase in orthopedic conditions, and the growth of medical tourism in countries like India, China, and Thailand. Greater awareness of the advantages of PEEK and the adoption of advanced healthcare technologies are additionally enhancing market expansion. Improved healthcare infrastructure and investments in specialized facilities also contribute to ongoing growth.

PEEK Implants Market Analysis by Product Type

The spinal implants segment led the PEEK implant market, representing around 38% of the market share in 2024, fueled by the increasing incidence of spinal disorders and the need for minimally invasive surgical options. PEEK spinal implants are preferred due to their outstanding mechanical characteristics and compatibility with biological tissues, which improve bone growth and fusion. In contrast, the dental implant segment is expected to record the fastest CAGR of 10% during the forecast period 2024-2030, attributed to PEEK's distinctive features like biocompatibility, radiolucency, and robust mechanical properties. These characteristics enable precise imaging during post-surgery assessments and reduce the risk of adverse reactions, making PEEK an ideal choice for dental uses. Furthermore, dentists are increasingly choosing PEEK abutments due to their lower chance of causing allergic reactions.

PEEK Implants Market Analysis by End-User

The hospitals segment is anticipated to capture the largest share of the PEEK implants end-user market, holding a market share of 57.9% in 2024 due to the high number of surgeries performed in these facilities. Hospitals offer a wide range of medical services through collaborative teams of healthcare professionals, which enables efficient patient assessment and treatment. This demand is further driven by increasing awareness of their advantages and the necessity for innovative devices that improve patient outcomes while reducing healthcare expenses. PEEK implants are biocompatible, which reduces the chances of rejection and adverse reactions, making them a safer option for patients. Conversely, the ambulatory surgical centers (ASCs) segment is expected to achieve the highest compound annual growth rate (CAGR) of 9.4% during the analysis period from 2024 to 2030, fueled by the growing need for outpatient procedures and shorter hospital stays.

PEEK Implants Market Report Scope

This global report on PEEK Implants analyzes the market based on product type, and end-users. In addition to providing profiles of major companies operating in this space, the latest corporate and industrial developments have been covered to offer a clear panorama of how and where the market is progressing.

Key Metrics

Historical Period: 2021-2023

Base Year: 2023

Forecast Period: 2024-2030

Units: Value market in US$

Companies Mentioned: 10+

PEEK Implants Market by Geographic Region

• North America (The United States, Canada, and Mexico)
• Europe (Germany, France, the United Kingdom, Italy, Spain, and Rest of Europe)
• Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific)
• South America (Brazil, Argentina, and Rest of South America)
• Rest of World

PEEK Implants Market by Product Type

• Spinal Implants
• Orthopedic Implants
• Dental Implants
• Craniomaxillofacial Implants
• Other Implants (Including Trauma implants, Cardiovascular Implants, Custom Implants, and Others)

PEEK Implants Market by End-User

• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Other End-Users (Including Specialty Clinics, Rehabilitation Centers, and Research Institutions)

Contents

PART A: GLOBAL MARKET PERSPECTIVE

1. INTRODUCTION
Product Type Outline
PEEK Implants Defined
PEEK Implant Product Types
Spinal Implants
Orthopedic Implants
Dental Implants
Craniomaxillofacial Implants
Other Implants (Including Trauma implants, Cardiovascular Implants, Custom Implants, and Others)
PEEK Implant End-Users
Hospitals
Ambulatory Surgical Centers (ASCs)
Other End-Users (Including Specialty Clinics, Rehabilitation Centers, and Research Institutions)
2. Key Market Trends
3. Key Global Players
3D Systems Corporation
Cavendish Implants Ltd.
CONMED Corporation
Dental Technology Services
DiFusion Technologies, Inc.
Evonik Industries AG
HAPPE Spine
Innovasis, Inc.
Invibio Ltd.
Johnson & Johnson MedTech
Medtronic plc
Merz Dental GmbH
NuVasive, Inc.
SINTX Technologies, Inc.
Solvay SA
Stryker Corporation
Xilloc Medical Int B.V.
4. Key Business & Product Type Trends
5. Global Market Overview
Global PEEK Implants Market Overview by Product Type
PEEK Implants Market Overview for Product Type by Global Region
Spinal Implants
Orthopedic Implants
Dental Implants
Craniomaxillofacial Implants
Other Implants
Global PEEK Implants Market Overview by End-User
PEEK Implants End-User Market Overview by Global Region
Hospitals
Ambulatory Surgical Centers (ASCs)
Other End-Users

PART B: REGIONAL MARKET PERSPECTIVE

Global PEEK Implants Market Overview by Geographic Region
REGIONAL MARKET OVERVIEW
6. North America
North American PEEK Implants Market Overview by Geographic Region
North American PEEK Implants Market Overview by Product Type
North American PEEK Implants Market Overview by End-User
Country-wise Analysis of North American PEEK Implants Market
The United States
United States PEEK Implants Market Overview by Product Type
United States PEEK Implants Market Overview by End-User
Canada
Canadian PEEK Implants Market Overview by Product Type
Canadian PEEK Implants Market Overview by End-User
Mexico
Mexican PEEK Implants Market Overview by Product Type
Mexican PEEK Implants Market Overview by End-User
7. Europe
European PEEK Implants Market Overview by Geographic Region
European PEEK Implants Market Overview by Product Type
European PEEK Implants Market Overview by End-User
Country-wise Analysis of European PEEK Implants Market
Germany
German PEEK Implants Market Overview by Product Type
German PEEK Implants Market Overview by End-User
France
French PEEK Implants Market Overview by Product Type
French PEEK Implants Market Overview by End-User
The United Kingdom
United Kingdom PEEK Implants Market Overview by Product Type
United Kingdom PEEK Implants Market Overview by End-User
Italy
Italian PEEK Implants Market Overview by Product Type
Italian PEEK Implants Market Overview by End-User
Spain
Spanish PEEK Implants Market Overview by Product Type
Spanish PEEK Implants Market Overview by End-User
Rest of Europe
Rest of Europe PEEK Implants Market Overview by Product Type
Rest of Europe PEEK Implants Market Overview by End-User
8. Asia-Pacific
Asia-Pacific PEEK Implants Market Overview by Geographic Region
Asia-Pacific PEEK Implants Market Overview by Product Type
Asia-Pacific PEEK Implants Market Overview by End-User
Country-wise Analysis of Asia-Pacific PEEK Implants Market
Japan
Japanese PEEK Implants Market Overview by Product Type
Japanese PEEK Implants Market Overview by End-User
China
Chinese PEEK Implants Market Overview by Product Type
Chinese PEEK Implants Market Overview by End-User
India
Indian PEEK Implants Market Overview by Product Type
Indian PEEK Implants Market Overview by End-User
South Korea
South Korean PEEK Implants Market Overview by Product Type
South Korean PEEK Implants Market Overview by End-User
Rest of Asia-Pacific
Rest of Asia-Pacific PEEK Implants Market Overview by Product Type
Rest of Asia-Pacific PEEK Implants Market Overview by End-User
9. South America
South American PEEK Implants Market Overview by Geographic Region
South American PEEK Implants Market Overview by Product Type
South American PEEK Implants Market Overview by End-User
Country-wise Analysis of Asia-Pacific PEEK Implants Market
Brazil
Brazilian PEEK Implants Market Overview by Product Type
Brazilian PEEK Implants Market Overview by End-User
Argentina
Argentine PEEK Implants Market Overview by Product Type
Argentine PEEK Implants Market Overview by End-User
Rest of South America
Rest of South American PEEK Implants Market Overview by Product Type
Rest of South American PEEK Implants Market Overview by End-User
10. Rest of World
Rest of World PEEK Implants Market Overview by Product Type
Rest of World PEEK Implants Market Overview by End-User

PART C: GUIDE TO THE INDUSTRY

PART D: ANNEXURE

1. RESEARCH METHODOLOGY
2. FEEDBACK