Dublin, Nov. 19, 2024 (GLOBE NEWSWIRE) -- The "PEEK Implants - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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 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 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 205 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $900 million |
| Forecasted Market Value (USD) by 2030 | $1500 million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
PEEK ImplantsKey Metrics
- Historical Period:2021-2023
- Base Year:2023
- Forecast Period:2024-2030
- Units:Value market in US$
PEEK ImplantsKey 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.
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)
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
For more information about this report visit https://www.researchandmarkets.com/r/35fg42
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
