PEEK Implants Market, By Application, By End User, By Geography

Global PEEK implants market is expected to reach US$ 1,626.1 Mn by 2030, from US$ 914.6 Mn in 2023, at a CAGR of 8.6% during the forecast period.

Figure 1. Global PEEK Implants Market Share (%), By Region, 2023

PEEK implants, also known as polyetheretherketone implants, are widely used in the field of medical devices. These implants are made of a high-performance polymer called PEEK, which possesses excellent mechanical properties, biocompatibility, and radiolucent nature. Due to these features, PEEK implants have gained popularity in various medical applications including orthopedics, spinal fusion, dental implants, trauma fixation, and cardiovascular implants. The use of PEEK implants offers several advantages over traditional metal implants. PEEK implants are lightweight that reduces the risk of implant failure or complications caused by the excessive weight of the implant. PEEK implants are radiolucent that means these do not interfere with medical imaging techniques such as X-rays or MRI scans, allowing for accurate diagnosis and monitoring. PEEK implants have superior biocompatibility, reducing the risk of adverse reactions or allergies in patients.

Market Dynamics:

Global PEEK implants market is witnessing significant growth due to various factors. Factors such as increasing prevalence of orthopedic and spinal disorders, rising geriatric population, and advancements in surgical techniques are boosting demand for PEEK implants. Moreover, financial grants by government institutions is further anticipated to drive the market growth throughout the forecasted period. For instance, on October 11, 2023, SINTX Technologies, Inc., an original equipment manufacturer of advanced ceramics, announced that the National Institutes of Health (NIH) had awarded it a Phase II grant of US$ 1,973 million to develop a 3D printed (3DP) composite silicon nitride - polyetheretherketone (SN-PEEK) spinal implant. This is SINTX's fourth NIH funding since the project's Phase I award in September 2021.

However, the market also faces certain challenges. The high cost of PEEK implants as compared to traditional metal implants and the lack of reimbursement policies in some regions can hinder market growth. The stringent regulatory requirements for the approval of PEEK implants pose a considerable barrier for new entrants in the market.

Despite these challenges, there are several opportunities for market players in the PEEK implants market. The increasing research and development activities aimed at enhancing the properties of PEEK implants such as incorporating bioactive coatings or additives present opportunities for innovation and market expansion. Furthermore, rising demand for personalized implants and growing medical tourism industry offer substantial growth prospects for the PEEK implants market.

Key features of the study:

• This report provides in-depth analysis of the global peek implants market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global peek implants market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Invibio, Johnson & Johnson MedTech, Evonik , Solvay, In2Bones Global, Inc, Treace Medical Concepts, Inc.,, HAPPE Spine, NuVasive, Inc., Cavendish Implants Ltd., Stryker, Xilloc Medical Int B.V., Dental Technology Services, 3D Systems, Inc., INNOVASIS, SINTX Technologies, Inc., Quick Implants NZ Limited., and Double Medical Technology Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global peek implants market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global peek implants market

Detailed Segmentation:

• By Application
  • Spinal Implants
  • Orthopedic Implants
  • Dental Implants
  • Craniomaxillofacial Implants
  • Others
• By End User
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players
  • Invibio
  • Johnson & Johnson MedTech
  • Evonik
  • Solvay
  • In2Bones Global, Inc
  • Treace Medical Concepts, Inc.,
  • HAPPE Spine
  • NuVasive, Inc.
  • Cavendish Implants Ltd.
  • Stryker
  • Xilloc Medical Int B.V.
  • Dental Technology Services
  • 3D Systems, Inc.
  • INNOVASIS
  • SINTX Technologies, Inc.
  • Quick Implants NZ Limited.
  • Double Medical Technology Inc.