DUBLIN , July 14, 2022 /PRNewswire/ -- The "Global Medical Polyetheretherketone Market Size, Share & Trends Analysis Report by Application {Orthopedic (Spine Implantation, Knee & Hip Implantation), Cardiovascular}, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global medical polyetheretherketone market size is expected to reach USD 1.0 billion by 2030. It is expected to expand at a CAGR of 7.3% from 2022 to 2030. The market for medical polyetheretherketone (PEEK) is anticipated to grow owing to the replacement 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 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.
The high cost of PEEK compared to other medical-grade polymers is going to hinder the growth of the market. However, these plastics cannot replace PEEK as it is a high-performance polymers with superior characteristics like high flexural strength, impact resistance, chemical and heat resistance, and biocompatibility. Strict medical device regulations also pose a challenge to the adoption of PEEK in medical devices and implants.
Players in the market are adopting new product development and collaborations as their prime strategies to expand their reach in the global market. In May 2021 , a new Creed Cannulated Screw System for foot and ankle surgery made by Carbon22 from Solvay's Zeniva (PEEK) received 510(k) clearance from the FDA. In March 2019 , the first foot and ankle implant made from Invibio's PEEK-OPTIMA HA enhanced polymer received clearance from the FDA.
Due to the presence of established players in the market, the competitive rivalry is high. Medical polyetheretherketone manufacturers collaborate with other market players to increase their market share. For instance, in November 2020 , In2Bones USA , a subsidiary of In2Bones Global, Inc. and a global manufacturer of implants for upper and lower extremities, announced that it has reached an exclusive agreement with Invibio Ltd. The agreement is for research and development and manufacturing of lower extremity implants by using the latter's PEEK-OPTIMA Ultra Reinforced (POUR) carbon fiber technology.
Medical Polyetheretherketone Market Report Highlights
The cardiovascular application segment is expected to register the highest CAGR of 9.2% over the forecast period, in terms of revenue. The significant growth is attributed to the increasingly sedentary lifestyle, stress, and unhealthy eating habits leading to the increased cardiovascular diseases.
Spine implantation was the largest application segment in 2021. The increasing geriatric population in countries like Japan , Italy , the U.S., and Germany is going to drive the spine implantation segment over the forecast period.
The increasing adoption of medical polyetheretherketone in medical equipment is expected to be the major driver for the market over the forecast period. Its superior heat, chemical and fatigue resistance, and high flexural strength make it ideal for medical implants like spine implants, hip and knee implants, and dental implants.
North America dominated the market and accounted for more than 40.0% share of the overall revenue in 2021.
Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Medical Polyetheretherketone (PEEK) Market Variables, Trends, and Scope 3.1 Market lineage outlook 3.1.1 Global Plastics market 3.2 Penetration & Growth Prospect Mapping 3.3 Industry Value Chain Analysis 3.3.1 Raw material trends 3.3.2 Manufacturing trends 3.4 Technology overview 3.4.1 Manufacturing technology 3.5 Vendor selection criteria 3.6 Regulatory framework 3.6.1 Regional Authorities Regulation 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 Challenge 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 & Trend Analysis 4.1 Application Movement Analysis & Market Share 4.2 Trauma Fixation 4.2.1 Medical Polyetheretherketone (PEEK) Market Estimates and Forecasts, By Trauma Fixation, 2019-2030 (Kilotons) (USD Million) 4.3 Cardiovascular 4.3.1 Medical Polyetheretherketone (PEEK) Market Estimates and Forecasts, By Cardiovascular, 2019-2030 (Kilotons) (USD Million) 4.4 Orthopedic 4.4.1 Medical Polyetheretherketone (PEEK) Market Estimates and Forecasts, By orthopedic Implant packaging, 2019-2030 (Kilotons) (USD Million) 4.4.2 Spine Implantation 4.4.3 Knee and Hip Implantation 4.5 Dental Implants and Fixtures 4.5.1 Medical Polyetheretherketone (PEEK) Market Estimates and Forecasts, By Dental Implants and Fixtures, 2019-2030 (Kilotons) (USD Million) 4.6 Others 4.6.1 Medical Polyetheretherketone (PEEK) Market Estimates and Forecasts, By Others, 2019-2030 (Kilotons) (USD Million) Chapter 5 Medical Polyetheretherketone (PEEK) Market: Regional Estimates & Analysis Chapter 6 Medical Polyetheretherketone (PEEK) Market-Competitive Analysis 6.1 Key Global Medical Plastic Convertors 6.2 Vendor Landscape 6.2.1 List of key distributors & Channel Partners 6.2.2 List of Potential Customers/end users 6.3 Public Companies 6.3.1 Competitive Dashboard Analysis 6.4 Private Companies 6.4.1 List of Companies and their presence across the value chain Chapter 7 Company Profiles 7.1 Superior Polymers 7.1.1 Company Overview 7.1.2 Product Benchmarking 7.2 Evonik Industries AG 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Invibio Ltd. 7.3.1 Company Overview 7.3.2 Product Benchmarking 7.3.3 Strategic Initiatives 7.4 Solvay 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 Medtronic 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking
For more information about this report visit https://www.researchandmarkets.com/r/wu3lgl
Media Contact: Research and Markets Laura Wood , Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/the-worldwide-medical-polyetheretherketone-industry-is-expected-to-reach-1-billion-by-2030-301586668.html
Q.: My wife inherited a 401(k) from my mom who died recently. Assuming this is a traditional 401(k), you are correct that whatever comes out of the account will be likely be taxable to you. Transfer your wife’s share of the money to an Inherited 401(k) with the company that held your mom’s 401(k).
This money management maven doesn't mince words when it comes to what you shouldn’t be doing with your money.
Michael Burry, who bet on the collapse of subprime credit, does not hesitate to give his opinion on market developments.
Snap Inc. has never been an investor-friendly company as long as those investors weren't their founders, and the parent company of the Snapchat app made that even clearer Thursday.
Verizon stock is moving lower after an earnings miss and dip in wireless subscriber growth.
Snap's 40% stock price crash on Friday after a dismal second quarter earnings report and brutal call is well warranted, one analysts explained to Yahoo Finance.
Fed’s zigzagging policies could ultimately lead to an outcome similar to what happened in its fight against inflation four decades ago.
Fewer are reverting to traditional office jobs, with a growing number seeking nontraditional roles, or even the opportunity to start a new business.
Anthony Scaramucci, the short-lived White House communications director under Donald Trump, is a bitcoin evangelist.
We’re supposed to be energy independent. What gives?
Jim Cramer is a lightning rod when it comes to scrutiny. On one hand, giving investing advice every day on air for years is naturally going to produce some losing picks. However, Cramer has become the focal point of a lot of targeted opposition. For instance, you can check out his ongoing (albeit one-sided) feud with George Noble, who is quick to call out Cramer. Or, you could check out the Journal of Retirement’s in-depth study of Cramer’s Charitable Trust performance and see that “Cramer’s por
The energy industry had some of the hottest stocks on the market over the past two years, but with fears of a recession potentially dampening demand for oil and gas, the S&P 500 Energy index is down 25% since its peak last month. The cost of a barrel of oil is down to around $100 per barrel, and gasoline at the pumps has broken from its record high last month of $5 a gallon.
(Bloomberg) -- The housing market correction that’s taking hold in Canada could turn out to be its biggest in recent history, according to a new forecast from the country’s largest bank.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeBannon Found Guilty of Contempt fo
Just where is the stock market going, that’s the question investors are trying to answer. The answer isn’t fully clear, though; markets have fallen for most of this year, but the last few days have seen the best trading in weeks. The problem is, investors and economists aren’t sure if we’re at a true bottom or just in the midst of a bear market rally. What happens next is anyone’s guess, but the history of bears and rallies can offer some suggestions. Looking back to the end of the Second World
The Dow Jones fought back. Tesla stock rocketed after Elon Musk gave an update on its "best product ever." Apple stock popped. Bitcoin fell.
U.S. stocks were under pressure Friday afternoon as a disastrous quarter from Snap weighed on the broader tech sector.
Cleveland-Cliffs (CLF) delivered earnings and revenue surprises of -2.24% and 4.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
One of Biden’s top energy aides confirmed Friday that no extension of releases from the Strategic Petroleum Reserve - scheduled to end this fall - is in the offing. But added a promise that it’s not going to lead to any supply shocks.
(Bloomberg) -- Verizon Communications Inc. shares plunged to their biggest drop in 14 years after the mobile-phone company cut its forecast for the second straight quarter, adding to concerns that consumers are pulling back on spending.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla
(Bloomberg) -- Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market.Most Read from BloombergThree Arrows Founders Break Silence Over Collapse of Crypto Hedge FundTrump Insiders Recall How He Spurned Pleas to Act as Riot RagedAmericans Who Can’t Afford Homes Are Moving to Europe InsteadMusk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeBannon Found Guilty of Contempt for Defying Jan. 6 SubpoenaThe Google parent’s shares sank 2.5% on Monday, the first