The global PEEK implants market accounted for USD 0.918 billion in 2023 and is expected to reach at USD 2.28 billion by 2034 with a CAGR of 8.63% during the forecast period 2024-2034. The increasing prevalence of chronic illnesses, the expanding use of minimally invasive surgeries, advancements in PEEK implant technology, an increase in dental implant procedures, and government support and reimbursement policies will propel market expansion.
PEEK implants have high biocompatibility and radiolucency, which enhances visibility under imaging methods such as MRIs and X-rays. These attributes make them popular in minimally invasive operations. PEEK implants are becoming more and more in demand as the need for minimally invasive procedures rises worldwide. For instance, Stryker increased its market share in orthopedic implants in March 2023 when it announced the acquisition of Wright Medical Group N.V., a multinational medical device firm specializing in biologics and extremities.
By application, the spinal implants segment accounted for the highest revenue-grossing segment in the global PEEK implants market in 2023 owing to the growing prevalence of spinal disorders and increasing adoption of PEEK implants for spinal fusion surgeries and interbody fusion devices. For instance, in January 2023, Medtronic announced the release of the Adaptix Interbody System, which includes PEEK-OPTIMA Natural and is intended for use in lumbar interbody fusion surgeries for the treatment of degenerative disc disease. Additionally, the dental implants segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for dental implants as a solution for tooth loss, coupled with the advantages offered by PEEK implants such as biocompatibility and aesthetics.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global PEEK implants market in 2023 owing to the growing number of surgical procedures performed in hospitals and clinics, coupled with increasing adoption of PEEK implants for orthopedic and spinal surgeries. For instance, Zimmer Biomet announced in December 2022 that it had successfully acquired Subchondral Solutions, Inc., a company that develops minimally invasive treatments for bone abnormalities. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising preference for outpatient procedures, driven by factors such as cost-effectiveness, shorter recovery times, and technological advancements facilitating minimally invasive surgeries using PEEK implants.
North American region is anticipated to have the highest revenue share during the forecast period owing to well-established healthcare infrastructure, increasing prevalence of orthopedic and spinal disorders, and early adoption of advanced medical technologies like PEEK implants. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing awareness about advanced medical treatments, rising healthcare expenditure, and growing prevalence of orthopedic and spinal disorders driving the demand for PEEK implants in the region. For instance, NuVasive expanded its Advanced Materials Science portfolio for lateral lumbar interbody fusion surgeries in February 2023 with the announcement of the availability of its Cohere XLIF AMS PEEK implant.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
PEEK implants have high biocompatibility and radiolucency, which enhances visibility under imaging methods such as MRIs and X-rays. These attributes make them popular in minimally invasive operations. PEEK implants are becoming more and more in demand as the need for minimally invasive procedures rises worldwide. For instance, Stryker increased its market share in orthopedic implants in March 2023 when it announced the acquisition of Wright Medical Group N.V., a multinational medical device firm specializing in biologics and extremities.
By application, the spinal implants segment accounted for the highest revenue-grossing segment in the global PEEK implants market in 2023 owing to the growing prevalence of spinal disorders and increasing adoption of PEEK implants for spinal fusion surgeries and interbody fusion devices. For instance, in January 2023, Medtronic announced the release of the Adaptix Interbody System, which includes PEEK-OPTIMA Natural and is intended for use in lumbar interbody fusion surgeries for the treatment of degenerative disc disease. Additionally, the dental implants segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for dental implants as a solution for tooth loss, coupled with the advantages offered by PEEK implants such as biocompatibility and aesthetics.
By end-user, the hospitals and clinics segment accounted for the highest revenue-grossing segment in the global PEEK implants market in 2023 owing to the growing number of surgical procedures performed in hospitals and clinics, coupled with increasing adoption of PEEK implants for orthopedic and spinal surgeries. For instance, Zimmer Biomet announced in December 2022 that it had successfully acquired Subchondral Solutions, Inc., a company that develops minimally invasive treatments for bone abnormalities. Additionally, the ambulatory surgical centers segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising preference for outpatient procedures, driven by factors such as cost-effectiveness, shorter recovery times, and technological advancements facilitating minimally invasive surgeries using PEEK implants.
North American region is anticipated to have the highest revenue share during the forecast period owing to well-established healthcare infrastructure, increasing prevalence of orthopedic and spinal disorders, and early adoption of advanced medical technologies like PEEK implants. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing awareness about advanced medical treatments, rising healthcare expenditure, and growing prevalence of orthopedic and spinal disorders driving the demand for PEEK implants in the region. For instance, NuVasive expanded its Advanced Materials Science portfolio for lateral lumbar interbody fusion surgeries in February 2023 with the announcement of the availability of its Cohere XLIF AMS PEEK implant.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Application, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
Segmentation: PEEK Implants Market Report 2023 - 2034
PEEK Implants Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Spinal Implants
- Orthopedic Implants
- Dental Implants
- Craniomaxillofacial Implants
- Others
PEEK Implants Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
PEEK Implants Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. PEEK Implants Market: Application Estimates & Trend Analysis
8. PEEK Implants Market: End-User Estimates & Trend Analysis
9. Regional Market Analysis
10. North America PEEK Implants Market
11. Europe Global PEEK Implants Market
12. Asia Pacific Global PEEK Implants Market
13. Latin America Global PEEK Implants Market
14. MEA Global PEEK Implants Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- Stryker Corporation
- Medtronic plc
- Zimmer Biomet Holdings Inc.
- NuVasive Inc.
- Globus Medical Inc.
- DePuy Synthes (Johnson & Johnson)
- Invibio Biomaterial Solutions
- K2M Group Holdings Inc.
- RTI Surgical Holdings Inc.
- Spinal Elements Inc.
- AxioMed LLC
- Camber Spine Technologies
- PEEK-OPTIMA (Invibio Biomaterial Solutions)
- CarboFix Orthopedics Ltd.
- Tecomet Inc.
