Global Medical Polyetheretherketone Market Report to 2030 – Size, Share and Trends Analysis Report – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Medical Polyetheretherketones Market Size, Share and Trend Analysis Report by Application {Orthopaedics (Spine Implantation, Knee and Hip Implantation), Cardiovascular}, Region and Segment Forecast , 2022-2030″ report has been added to from ResearchAndMarkets.com offer.

The global medical polyetheretherketone market size is expected to reach USD 1.0 billion by 2030. It is expected to grow at a CAGR of 7.3% from 2022 to 2030.

Companies cited

  • Superior polymers

  • Evonik Industries AG

  • Invibio Ltd.

  • Solvay

  • Medtronic

The medical polyetheretherketone (PEEK) market is expected to grow due to the substitution of metals like stainless steel and titanium in medical devices and implants.

PEEK has many advantages over metals like titanium or stainless steel in medical applications. 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. It is also preferred for medical devices because it reduces the weight of the device. Due to its radiopacity, PEEK is preferred as some scanning devices cannot scan metal parts. Finally, due to its resistance to high temperatures, PEEK tools can be easily sterilized in an autoclave and reused many times.

The high cost of PEEK compared to other medical grade polymers will restrain the market growth. However, these plastics cannot replace PEEK as they are high performance polymers with superior characteristics such as high flexural strength, impact resistance, chemical and thermal resistance, and biocompatibility. Strict medical device regulations also pose a challenge to the adoption of PEEK in medical devices and implants.

Market players are adopting new product development and collaborations as key strategies to expand their reach in the global market. In May 2021, a new Creed cannulated screw system for foot and ankle surgery manufactured by Carbon22 from Zeniva (PEEK) from Solvay received 510(k) clearance from the FDA. In March 2019, the first foot and ankle implant made from Invibio’s improved PEEK-OPTIMA HA polymer received FDA clearance.

Due to the presence of established players in the market, the competitive rivalry is high. Manufacturers of medical polyetheretherketones are collaborating with other market players to increase their market share. For example, in November 2020, In2Bones USA, a subsidiary of In2Bones Global, Inc. and a global manufacturer of upper and lower limb implants, announced that it had entered into an exclusive agreement with Invibio Ltd. The agreement covers the research and development and manufacture of lower limb implants using PEEK-OPTIMA Ultra Reinforced (POUR) carbon fiber technology.

Highlights of the Medical Polyetheretherketone Market Report

  • The cardiovascular applications segment is expected to register the highest CAGR of 9.2% over the forecast period, in terms of revenue. This significant growth is attributed to the increasingly sedentary lifestyle, stress and unhealthy eating habits leading to an increase in cardiovascular disease.

  • Spinal implantation was the largest application segment in 2021. Rising geriatric population in countries like Japan, Italy, United States, and Germany is going to boost the segment of the spine. implantation of the spine during the forecast period.

  • Growing adoption of medical polyetheretherketone in medical equipment is expected to be the major market driver over the forecast period. Its superior heat, chemical and fatigue resistance, as well as its high flexural strength, make it ideal for medical implants such as spinal implants, hip and knee implants and dental implants.

  • North America dominated the market and accounted for more than 40.0% of overall revenue in 2021.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Medical Polyetheretherketone (PEEK) Market Variables, Trends and Scope

3.1 Market Lineage Prospects

3.1.1 Global plastics market

3.2 Mapping of penetration and growth prospects

3.3 Industry Value Chain Analysis

3.3.1 Commodity trends

3.3.2 Manufacturing trends

3.4 Technology overview

3.4.1 Manufacturing technology

3.5 Supplier Selection Criteria

3.6 Regulatory framework

3.6.1 Regulation of regional authorities

3.6.2 Europe

3.6.3 United States Food and Drug Administration (FDA or USFDA)

3.7 Market Dynamics

3.7.1 Market Driver Analysis

3.7.2 Market Restraint Analysis

3.7.3 Industry Challenges Analysis

3.8 Business Environment Analysis: Medical Polyetheretherketone (PEEK) Market

3.8.1 Industry Analysis – Porter’s Analysis

3.8.2 PESTEL analysis

Chapter 4 Medical Polyetheretherketone (PEEK) Market: Application Estimates and Trend Analysis

Chapter 5 Medical Polyetheretherketone (PEEK) Market: Regional Estimates and Analysis

Chapter 6 Medical Polyetheretherketone (PEEK) Market Competitive Analysis

6.1 Global Major Medical Plastic Converters

6.2 Supplier Landscape

6.2.1 List of Major Distributors and Channel Partners

6.2.2 List of potential customers/end users

6.3 Public enterprises

6.3.1 Competitive Scorecard Analysis

6.4 Private companies

6.4.1 List of companies and their presence in the value chain

Chapter 7 Company Profiles

For more information on this report, visit https://www.researchandmarkets.com/r/v8r7ke

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