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  • Published On : Sep 2023
  • Code : CMI6280
  • Pages : 140
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

The Peek Implants Market size is expected to reach US$ 1,518.8 Million by 2030, from US$ 852.5 Million in 2023, at a CAGR of 8.6% during the forecast period.

PEEK (polyetheretherketone) implants are made from high-performance thermoplastic polymer PEEK. They have various medical applications such as spinal fusion implants, maxillofacial implants, trauma implants, etc. PEEK implants offer benefits like biocompatibility, optical transparency, chemical resistance, mechanical strength, and durability. The growth of the market is driven by factors like rising prevalence of osteoarthritis, increase in aging population, and advantages of PEEK implants over metal implants.

The Peek Implants Market is segmented by application, end-user, and region. By application, the market is segmented into spinal implants, orthopedic implants, dental implants, and others. The spinal implants segment accounted for the largest market share in 2022. The rising prevalence of spinal disorders is driving the growth of this segment.

PEEK Implants Market Regional Insights:

  • North America is expected to be the largest market for Peek Implants Market during the forecast period, accounting for over 41% of the market share in 2023. The growth of the market in North America is attributed to the presence of key market players, rising cases of orthopedic disorders, and increasing adoption of advanced implants.
  • The Europe market is expected to be the second-largest market for Peek Implants Market, accounting for over 28% of the market share in 2023. The growth of the market in is attributed to the rising geriatric population, presence of skilled healthcare professionals, and increasing cases of accidents and trauma.
  • The Asia Pacific market is expected to be the fastest-growing market for Peek Implants Market, with a CAGR of over 16% during the forecast period. The growth of the market in Asia Pacific is attributed to the rising medical tourism, increasing disposable income, and growing awareness about PEEK implants.

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

 | Coherent Market Insights

PEEK Implants Market Drivers:

  • Rising prevalence of orthopedic disorders: The rising prevalence of orthopedic disorders like osteoarthritis, rheumatoid arthritis, and osteoporosis is a major factor driving the growth of the Peek Implants market. Osteoarthritis alone affects over 300 million people worldwide. The aging population and obesity epidemics are contributing to the increasing prevalence of orthopedic disorders. This is generating significant demand for orthopedic implants, including Peek implants, to treat conditions like bone fractures and joints damages. Peek implants provide benefits like strength, biocompatibility and bone-like stiffness which makes them a preferred choice for orthopedic implants. The rising patient population is expected to drive market growth during the forecast period.
  • Technological advancements in Peek implants: Numerous technological advancements are taking place in Peek implant designs and manufacturing techniques, which is boosting their adoption. Advancements like porous Peek implants allow bone in-growth, improved osseointegration and stability. Emerging 3D printing techniques enable manufacturing of customized Peek implants as per patient’s anatomy. Peek implants with antimicrobial coatings prevent bacterial colonization and biofilm formation. These innovations are improving performance and outcome of Peek implants, thereby propelling market growth.
  • Growth in the aging population: The global population above 65 years of age is projected to double by 2050. The elderly are more susceptible to orthopedic, dental and spinal disorders, due to weaker bones and joints. This expands the patient pool requiring implants and drives the demand for Peek implants. Rise in life expectancy and age-related deformities will further propel the geriatric population to opt for Peek implants. This key demographic trend is expected to have a strong impact on the growth of the Peek Implants market.
  • Rising adoption of minimally invasive procedures: Minimally invasive procedures like arthroscopy, laparoscopy and endoscopy are gaining significant popularity worldwide due to benefits like quicker recovery, less pain, scarring and complications. This has fueled the demand for minimally invasive Peek implants like interbody cages and pedicle screw systems for spinal fusion surgeries. Peek’s biocompatibility and radiolucent properties make it ideal for use in these advanced procedures. The upsurge in minimally invasive surgeries will consequently boost adoption of Peek implants.

PEEK Implants Market Opportunities:

  • Increasing demand for bio-inert implants: Rising awareness about issues of corrosion, wear debris and metal sensitivity from metallic implants is driving patients and surgeons to opt for bio-inert implants made from PEEK. Being inert and resistant to chemical interactions, PEEK implants prevent inflammation, osteolysis and other immune reactions caused by metal implants. PEEK’s thermal stability also prevents degradation from heat and sterilization. The demand for reliable and safe bio-inert Peek implants expected to grow significantly in the coming years.
  • Untapped potential in emerging markets: Emerging markets like China, India, Brazil and Mexico present significant opportunities for Peek implant manufacturers owing to the large and underpenetrated patient population. Factors like improving healthcare infrastructure, rising disposable incomes and increasing medical tourism are also fueling demand for orthopedic, dental and spinal implants in these regions. Local manufacturing, partnerships and training programs can help market players tap into the growth potential offered by emerging markets.
  • Rising demand for customized PEEK implants: The demand for patient-specific PEEK implants manufactured using 3D printing technology is increasing rapidly. Customized PEEK implants based on patient’s anatomy and medical imaging offer better sizing, fitting and performance over traditional off-the-shelf implants. They significantly improve patient outcomes in complex orthopedic and maxillofacial procedures. Surgeons are increasingly seeking customized PEEK implant solutions, providing manufacturers lucrative opportunities for growth in this segment.
  • Strong potential for use in dental implants: PEEK’s excellent physiological and mechanical properties make it well-suited for use in dental implant abutments and frameworks. Benefits such as biocompatibility, radiolucency, durability and oral tissue compatibility give PEEK an edge over titanium and zirconia in dental applications. Most dental implant manufacturers currently use titanium abutments. Replacing titanium with PEEK in dental implant assemblies can be an important opportunity for expanding the applications of PEEK implants.

PEEK Implants Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2023: US$ 852.5 Mn
Historical Data for: 2018 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 8.6% 2030 Value Projection: US$ 1,518.8 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East
Segments covered:
  • By Application: Spinal Implants, Orthopedic Implants, Dental Implants, Craniomaxillofacial Implants, Wind Instruments
  • By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Others
Companies covered:

Invibio, PEEK Implants by Cendres+Métaux, SisoMM , MKPrecision, Evonik Industries AG.

Growth Drivers:
  • Rising prevalence of orthopedic disorders
  • Technological advancements in Peek implants
  • Growth in the aging population
  • Rising adoption of minimally invasive procedures
Restraints & Challenges:
  • High cost of PEEK implants
  • Unfavorable reimbursement scenario
  • Availability of alternative biomaterials

PEEK Implants Market Trends:

  • Increasing adoption of 3D printed PEEK implants: The adoption of 3D printed PEEK implants is rising across orthopedic, spinal and maxillofacial surgeries owing to benefits like customized geometries, complex shapes and quick turnaround times. 3D printing technology enables the fabrication of patient-specific PEEK implants that match individual anatomical structures and offer improved clinical outcomes. Surgeons are increasingly embracing 3D printed PEEK implants due to their precision, accuracy and customizability.
  • Growing usage of PEEK composites: Reinforcing PEEK with materials like carbon fiber and hydroxyapatite is gaining traction owing to the enhanced mechanical and biological properties offered by PEEK composites. The addition of carbon fibers improves the strength, stiffness and toughness of PEEK implants significantly. Hydroxyapatite-peek composites promote faster osseointegration and bone in-growth. These PEEK composites expand the clinical applications of PEEK for orthopedic and dental implants. Their adoption is expected to rise in the future.
  • Rising adoption for spinal implants: Spinal implants is the largest application segment for PEEK biomaterials currently. PEEK’s radiolucency allows surgeons to visualize the bone fusion through the implant. The spine market is a key focus area for leading PEEK manufacturers. Several new product launches, regulatory approvals and clearances for PEEK spinal implants have taken place in recent years. With benefits like stability, bone-like stiffness and fusion, PEEK is emerging as the gold standard biomaterial for spinal implants.
  • Increasing use of implant coatings: Coating techniques are being used to improve the surface properties of PEEK implants, such as applying titanium layers to promote osseointegration. Hydroxyapatite coatings allow enhanced bone interaction and nanostructured coatings like TiO2 nanotubes prevent microbial adhesion. Antimicrobial polymer coatings also reduce biofilm formation and risk of implant infections. These coatings expand the applications and performance scope of PEEK implants. Their usage is expected to rise significantly in the future.

PEEK Implants Market Restraints:

  • High cost of PEEK implants: PEEK is relatively more expensive compared to other orthopedic biomaterials like polyethylene, acrylics and metals. The complex manufacturing and processing steps contribute to the high cost of PEEK implants, making them less affordable for a large section of patient population. This can restrict adoption among lower income groups and in developing regions with limited healthcare expenditure. The premium pricing of PEEK implants remains a major barrier inhibiting widespread adoption.
  • Unfavorable reimbursement scenario: The premium pricing of PEEK implants also results in unfavorable or no reimbursement in several regions. Procedures involving PEEK implants may not be covered under insurance plans or have high out-of-pocket costs due to lack of reimbursement. Regulatory agencies often do not provide adequate reimbursement for newer materials like PEEK. This makes PEEK implant surgeries expensive for patients and hinders market growth.
  • Availability of alternative biomaterials: PEEK implants face competition from other orthopedic biomaterials like polyethylene, PMMA, ultra-high molecular weight polyethylene and composites. Metals like titanium and stainless steel are also commonly used in joint reconstruction implants. Ceramic biomaterials and bioresorbable polymers also offer alternatives for particular indications. Availability of substitute materials poses a major challenge to the growth and adoption of PEEK implants. However, PEEK remains the best biomimetic material that closely matches human bone.

Recent Developments:

New product launches:

  • In January 2022, Invibio launched PEEK-OPTIMA HA Enhanced polymer for orthopedic implants. It improves osseointegration and bone apposition.
  • In June 2021, Evonik launched VESTAKEEP i4 G, a PEEK biomaterial for spine implant applications. It matches bone stiffness and minimizes implant loosening.
  • In May 2020, Panchsheel Organics launched new PEEK dental implants made with porous titanium and PEEK. It improved stability and offered good biocompatibility.

Acquisition and partnerships:

  • In April 2022, Stryker acquired Vocera Communications to expand digital and robotic offerings. This strengthened Stryker's market position in orthopedic implants including PEEK implants.
  • In January 2021, Invibio partnered with Titan Spine to accelerate adoption of PEEK implants. This partnership helped in launching new PEEK interbody devices for spine surgery.
  • In June 2020, Evonik acquired LACTEL Absorbable Polymers to expand its bioresorbable polymers capabilities. This strengthened Evonik's position in providing PEEK polymers for medical implants.

Figure 2. Global PEEK Implants Market Share (%), by End-User, 2023

 | Coherent Market Insights

Top companies in PEEK Implants Market:

  • Invibio
  • PEEK Implants by Cendres+Métaux
  • SisoMM
  • MKPrecision
  • Evonik Industries AG

*Definition: The Peek Implants Market refers to the industry and market associated with medical implants made from PEEK (polyetheretherketone) polymers. PEEK is a high-performance thermoplastic material that is used to make strong, durable and biocompatible implants for various orthopedic, spinal, dental and maxillofacial applications. The PEEK implants offer benefits over conventional metal implants due to their biomechanical properties, imaging compatibility, and chemical resistance to sterilization. The market is driven by rising prevalence of orthopedic disorders like osteoarthritis and increase in aging population globally.

Few Other Promising Reports in Medical Devices Industry:

Medical Implants Market

U.S. Implantable Medical Devices Market

Cardiac Implant Market

Ocular Implant Market

Frequently Asked Questions

High cost, availability of alternative materials like composites, stringent regulatory policies, and reimbursement issues in emerging markets.

Rising prevalence of osteoarthritis, increase in aging population, advantages over metal implants, rising cases of accidents and trauma, and technological advancements.

The leading segment is spinal implants due to rising prevalence of spinal disorders.

 Invibio, PEEK Implants by Cendres+Métaux, SisoMM, MKPrecision, Evonik Industries AG.

North America is expected to lead theMarket.
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