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PUBLISHER: Grand View Research | PRODUCT CODE: 1433553

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PUBLISHER: Grand View Research | PRODUCT CODE: 1433553

Medical Polyetheretherketone Market Size, Share & Trends Analysis Report By Application (Trauma Fixation, Cardiovascular, Orthopedic, Dental Implant & Fixtures), By Region, And Segment Forecasts, 2024 - 2030

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Medical Polyetheretherketone Market Growth & Trends:

The global medical polyetheretherketone market size is expected to reach USD 1,003.25 million by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 7.4% over the forecast period. The demand can be attributed to the increasing adoption of medical polyetheretherketone (PEEK) for use in medical implants such as knee & hip implants, vascular medical devices, spinal implants, and dental fixtures.

The market is expected to register growth due to the high adoption of the product on account of its superior chemical inertness, heat and superior fatigue resistance. However, the high cost of the polyetheretherketone compared to other plastics may hinder the market growth over the forecast period.

Rise in global healthcare expenditure and replacement of metals with polyetheretherketone (PEEK) are the major factors contributing to the growth of the market. Healthcare spending in the country is likely to accelerate in the near future owing to the growing awareness about healthcare. Factors such as rising needs of the geriatric population (65 years of age or above), an increase in the prevalence of chronic disorders & diseases, infrastructure improvements, and technological advancements are expected to drive the healthcare sector, thereby leading to an increase in the demand for medical medical-grade PEEK.

PEEK has many advantages over metals like titanium or stainless steel in medical applications. PEEK can be used to produce innovative interbody fusion cages. These can be designed with microporous structures and can be further enhanced with hydroxyapatite or zeolite, which naturally promote bone growth. PEEK is chemically inert and is preferred over metals in areas where the reaction of chemicals with metals is not fully understood. PEEK is also preferred for medical devices as it reduces the weight of the device. Due to its radiopacity, PEEK is preferred as certain scanning devices cannot scan through metallic parts. Finally, because of its high-temperature resistance, tools made of PEEK can be easily sterilized by autoclaving and reused many times.

Another added advantage is that PEEK can be 3D printed to produce patient-specific designs and porous geometries ideal for stable integration with bone. PEEK polymers can be 3D printed to make ergonomic, strong, and light tools and can be used as reusable surgical instruments. These can reduce surgeon fatigue and thus prevent potentially harmful mistakes during long surgeries. PEEK tools, because of their radiopacity, do not interfere with the surgeon's view for minimally invasive surgeries, live x-ray imaging, or guided by fluoroscopy, unlike metal tools.

Medical Polyetheretherketone Market Report Highlights:

  • Spine implantation was the largest application segment in 2023, driven by high-volume consumption of polyetheretherketone in the manufacturing of spinal cages or spacers. These are used for patients suffering from degenerative spondylolisthesis, degenerative disk disease, spinal stenosis, and degenerative scoliosis, among other deformities of the spine.
  • The demand for polyetheretherketone in spine implantation is expected to remain high due to the superior properties of this plastic, including high flexural strength, radiopacity, similar bone modulus, impact resistance, and lightness, as compared to metals like titanium. Furthermore, the growing elderly population in countries such as the U.S., Italy, and Japan is likely to propel the demand for polyetheretherketone in spine implants.
  • PEEK is witnessing growing demand in spinal interbody fusion implants. Spinal procedures are categorized by implant type and the region of the spine where they are applied. Spinal implants include interbody devices, plates, pedicle screws, and rod fixation systems. Interbody fusion procedures, cervical fixation, and thoracolumbar fixation were found to be the most commonly performed spinal procedures.
  • Processing of PEEK is time-consuming. For example, polytetrafluoroethylene (PTFE) can be molded using cold compression and can be put into a sintering oven in batches. On the contrary, PEEK has to be sintered during the compression stage itself and needs to be annealed, which is a time-consuming process.
Product Code: GVR-4-68039-947-4

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot, 2023
  • 2.2. Segment Snapshot, 2023
  • 2.3. Competitive Landscape Snapshot

Chapter 3. Medical Polyetheretherketone Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Global Medical Plastics Market Outlook
    • 3.1.2. Global Plastics Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Raw Material Trends
    • 3.2.2. Manufacturing Trends
  • 3.3. Technology Overview
  • 3.4. Regulatory Framework
  • 3.5. Market Dynamics
    • 3.5.1. Market Driver Analysis
    • 3.5.2. Market Restraint Analysis
    • 3.5.3. Industry Challenges
    • 3.5.4. Industry Opportunities
  • 3.6. Medical Polyetheretherketone Market- Business Environment Analysis
    • 3.6.1. Industry Analysis- Porter's Five Force Analysis
    • 3.6.2. Industry Analysis- Macroeconomic Factors Analysis
  • 3.7. East European Geopolitical Implication of the Industry Overview
  • 3.8. Impact of COVID-19 on Medical Polyetheretherketone Market

Chapter 4. Medical Polyetheretherketone Market: Application Estimates & Trend Analysis

  • 4.1. Application Movement Analysis & Market Share, 2023 & 2030
  • 4.2. Medical Polyetheretherketone Market Estimates & Forecast, By Application, 2018 to 2030 (Kilotons) (USD Million)
  • 4.3. Trauma Fixation
    • 4.3.1. Medical Polyetheretherketone Market, Estimation and Forecast, by Trauma Fixation, 2018 - 2030 (Kilotons) (USD Million)
  • 4.4. Cardiovascular
    • 4.4.1. Medical Polyetheretherketone Market, Estimation and Forecast, by Cardiovascular, 2018 - 2030 (Kilotons) (USD Million)
  • 4.5. Orthopedic
    • 4.5.1. Medical Polyetheretherketone Market, Estimation and Forecast, by Orthopedic, 2018 - 2030 (Kilotons) (USD Million)
  • 4.6. Dental Implants & Fixtures
    • 4.6.1. Medical Polyetheretherketone Market, Estimation and Forecast, by Dental Implants & Fixtures, 2018 - 2030 (Kilotons) (USD Million)
  • 4.7. Others
    • 4.7.1. Medical Polyetheretherketone Market, Estimation and Forecast, by Others, 2018 - 2030 (Kilotons) (USD Million)

Chapter 5. Medical Polyetheretherketone Market: Regional Estimates & Trend Analysis

  • 5.1. Regional Movement Analysis & Market Share, 2023 & 2030
  • 5.2. North America
    • 5.2.1. North America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.2. U.S.
      • 5.2.2.1. Key country dynamics
      • 5.2.2.2. U.S. Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.3. Canada
      • 5.2.3.1. Key country dynamics
      • 5.2.3.2. Canada Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.2.4. Mexico
      • 5.2.4.1. Key country dynamics
      • 5.2.4.2. Mexico Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.3. Europe
    • 5.3.1. Europe Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.2. Germany
      • 5.3.2.1. Key country dynamics
      • 5.3.2.2. Germany Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.3. UK
      • 5.3.3.1. Key country dynamics
      • 5.3.3.2. UK Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.4. Italy
      • 5.3.4.1. Key country dynamics
      • 5.3.4.2. Italy Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.5. France
      • 5.3.5.1. Key country dynamics
      • 5.3.5.2. France Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.6. Netherlands
      • 5.3.6.1. Key country dynamics
      • 5.3.6.2. Netherlands Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.3.7. Spain
      • 5.3.7.1. Key country dynamics
      • 5.3.7.2. Spain Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.4. Asia Pacific
    • 5.4.1. Asia Pacific Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.2. China
      • 5.4.2.1. Key country dynamics
      • 5.4.2.2. China Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.3. India
      • 5.4.3.1. Key country dynamics
      • 5.4.3.2. India Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.4. Japan
      • 5.4.4.1. Key country dynamics
      • 5.4.4.2. Japan Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.5. South Korea
      • 5.4.5.1. Key country dynamics
      • 5.4.5.2. South Korea Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.6. Malaysia
      • 5.4.6.1. Key country dynamics
      • 5.4.6.2. Malaysia Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.7. Thailand
      • 5.4.7.1. Key country dynamics
      • 5.4.7.2. Thailand Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.8. Vietnam
      • 5.4.8.1. Key country dynamics
      • 5.4.8.2. Vietnam Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.4.9. Australia
      • 5.4.9.1. Key country dynamics
      • 5.4.9.2. Australia Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.5. Central & South America
    • 5.5.1. Central & South America Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.2. Brazil
      • 5.5.2.1. Key country dynamics
      • 5.5.2.2. Brazil Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.5.3. Argentina
      • 5.5.3.1. Key country dynamics
      • 5.5.3.2. Argentina Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
  • 5.6. Middle East & Africa
    • 5.6.1. Middles East & Africa Chemical Market Estimates & Forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.2. Saudi Arabia
      • 5.6.2.1. Key country dynamics
      • 5.6.2.2. Saudi Arabia Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.3. United Arab Emirates (UAE)
      • 5.6.3.1. Key country dynamics
      • 5.6.3.2. United Arab Emirates (UAE) Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)
    • 5.6.4. South Africa
      • 5.6.4.1. Key country dynamics
      • 5.6.4.2. South Africa Medical Polyetheretherketone market estimates & forecast, 2018 - 2030 (Kilotons) (USD Million)

Chapter 6. Medical Polyetheretherketone Market - Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Company Categorization
  • 6.3. Company Market Share/Position Analysis, 2023
  • 6.4. Company Heat Map Analysis
  • 6.5. Strategy Mapping
    • 6.5.1. Expansion
    • 6.5.2. Mergers & Acquisition
    • 6.5.3. Partnerships & Collaborations
    • 6.5.4. New Process Launches
    • 6.5.5. Research And Development
  • 6.6. Company Profiles
    • 6.6.1. Superior Polymers
      • 6.6.1.1. Participant's overview
      • 6.6.1.2. Financial performance
      • 6.6.1.3. Process benchmarking
      • 6.6.1.4. Recent developments
    • 6.6.2. Evonik Industries AG
      • 6.6.2.1. Participant's overview
      • 6.6.2.2. Financial performance
      • 6.6.2.3. Process benchmarking
      • 6.6.2.4. Recent developments
    • 6.6.3. Invibio Ltd.
      • 6.6.3.1. Participant's overview
      • 6.6.3.2. Financial performance
      • 6.6.3.3. Process benchmarking
      • 6.6.3.4. Recent developments
    • 6.6.4. Solvay
      • 6.6.4.1. Participant's overview
      • 6.6.4.2. Financial performance
      • 6.6.4.3. Process benchmarking
      • 6.6.4.4. Recent developments
    • 6.6.5. Medtronic
      • 6.6.5.1. Participant's overview
      • 6.6.5.2. Financial performance
      • 6.6.5.3. Process benchmarking
      • 6.6.5.4. Recent developments
    • 6.6.6. Victrex plc
      • 6.6.6.1. Participant's overview
      • 6.6.6.2. Financial performance
      • 6.6.6.3. Process benchmarking
      • 6.6.6.4. Recent developments
    • 6.6.7. Ensinger
      • 6.6.7.1. Participant's overview
      • 6.6.7.2. Financial performance
      • 6.6.7.3. Process benchmarking
      • 6.6.7.4. Recent developments
    • 6.6.8. Boedeker Plastics, Inc.
      • 6.6.8.1. Participant's overview
      • 6.6.8.2. Financial performance
      • 6.6.8.3. Process benchmarking
      • 6.6.8.4. Recent developments
    • 6.6.9. Rochling
      • 6.6.9.1. Participant's overview
      • 6.6.9.2. Financial performance
      • 6.6.9.3. Process benchmarking
      • 6.6.9.4. Recent developments
    • 6.6.10. PEEKCHINA
      • 6.6.10.1. Participant's overview
      • 6.6.10.2. Financial performance
      • 6.6.10.3. Process benchmarking
      • 6.6.10.4. Recent developments
Product Code: GVR-4-68039-947-4

List of Tables

  • Table 1 List of abbreviation
  • Table 2 Medical Polyetheretherketone market estimates and forecast, by application, 2018 - 2030 (Kilotons)
  • Table 3 Medical Polyetheretherketone market estimates and forecast, by application, 2018 - 2030 (USD million)
  • Table 4 Recent developments & impact analysis, by key market participants
  • Table 5 Company market share analysis, 2023

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Information Procurement
  • Fig. 6 Market Formulation and Validation
  • Fig. 7 Data Validating & Publishing
  • Fig. 8 Market Segmentation & Scope
  • Fig. 9 Medical Polyetheretherketone Market Snapshot, 2023 (USD Million)
  • Fig. 10 Medical Polyetheretherketone Market, Segment Snapshot, 2023 (USD Million)
  • Fig. 11 Competitive Landscape Snapshot
  • Fig. 12 Parent market outlook, 2023 (USD Million)
  • Fig. 13 Medical Polyetheretherketone Market - Value Chain Analysis
  • Fig. 14 Medical Polyetheretherketone Market - Market Dynamics
  • Fig. 15 Medical Polyetheretherketone Market - PORTER's Analysis
  • Fig. 16 Medical Polyetheretherketone Market - PESTEL Analysis
  • Fig. 17 Medical Polyetheretherketone Market Estimates & Forecasts, By Product: Key Takeaways
  • Fig. 18 Medical Polyetheretherketone Market Estimates & Forecasts, By Application: Key Takeaways
  • Fig. 19 Medical Polyetheretherketone Market Share, By Application, 2022 & 2030
  • Fig. 20 Trauma Fixation Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 21 Cardiovascular Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 22 Orthopedic Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 23 Dental Implants & Fixtures Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 24 Others Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 25 Medical Polyetheretherketone Market Revenue, By Region, 2023 & 2030 (USD Million)
  • Fig. 26 North America Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 27 U.S. Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 28 Canada Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 29 Mexico Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 30 Europe Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 31 Germany Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 32 UK Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 33 Italy Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 34 France Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 35 Netherlands Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 36 Spain Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 37 Asia Pacific Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 38 China Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 39 India Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 40 Japan Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 41 South Korea Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 42 Malaysia Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 43 Thailand Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 44 Vietnam Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 45 Australia Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 46 Central & South America Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 47 Brazil Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 48 Argentina Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 49 Middle East & Africa Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 50 Saudi Arabia Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 51 United Arab Emirates (UAE) Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 52 South Africa Medical Polyetheretherketone Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
  • Fig. 53 Key Company Categorization
  • Fig. 54 Company Market Positioning
  • Fig. 55 Key Company Market Share Analysis, 2023
  • Fig. 56 Strategy Mapping
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