Medical Polyether Ether Ketone Market Growth and Trends

1. Medical Polyether Ether Ketone Market Size, Share, Growth, Development and Demand Forecast to 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The medical polyether ether ketone industry has garnered $582.4 million revenue, and it is projected to rise at a 7.8% CAGR from 2021 to 2030, to generate $1,146.6 million revenue in 2030. Over the last few years, the industry for medical-grade engineered plastics has experienced a rise in FDA approvals for in-vitro and in-vivo uses and the advantages they offer. The rising progress in the growing replacement of metallic implants with PEEK is led by rising healthcare funding by the government and private sector. The high-performance plastic is widely used for cardiovascular devices, trauma fixation, dental implants, and various other medical applications. Concerning this, the rising elderly population in North American, Asian, and European countries and the increasing prevalence of sports injuries are projected to boost industry growth in the coming years. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/medical- polyetheretherketone-peek-market/report-sample The rising industrialization and growing research activities in developing countries, more specifically in the APAC region, are projected to fuel the manufacturing of PEEK-based medical products. The major industry players are focusing on a wide range of strategic plans for business development, such as partnerships, product launches, and investments, to manufacture advanced high-grade polymer-based medical implants and devices. For example, Evonik Industries AG has partnered with CicumFix Solutions, to manufacture sternal closure devices in February 2022. Similarly, Maxx Orthopedics Inc. and Invibio Ltd. collaborated to perform PEEK femoral knee component-based first total knee arthroplasty. Inquire before purchase@ https://www.psmarketresearch.com/send- enquiry?enquiry-url=medical-polyetheretherketone-peek-market Furthermore, In2Bones USA has signed an agreement with Invibio Ltd. for research and development, and production of lower extremity implants based on PEEK. Therefore, the industry players are increasingly focusing on medical-grade engineered plastics for implants, prosthetics, and other medical device manufacturing to enhance the PEEK industry outlook. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. The stent and heart valve implantation products category is projected to experience the highest growth, accounting for 9% in the coming years. A huge number of cardiovascular devices and implants are made from PEEK, such as heart valve implants, cannulae, and stents. Moreover, PEEK is considered as a promising material for minimally invasive cardiac surgeries, due to electrical isolation, and differentiated mechanical performance. The rising prevalence of cardiac vascular issues, including heart attacks, coronary artery disease, and stroke is projected to rise. It accounts for 0.7 million U.S. population suffering from heart disease, while more than 0.8 million people suffer from heart attacks every year. Dental implants are experiencing high PEEK usage, led by its ability to replace titanium, and it is projected to experience growth at an 8.5% rate in the coming years. Therefore, the surging usage of semi-crystalline engineering thermoplastics for cardiovascular, trauma fixation, orthopedic and orthodontic applications is projected to fuel the sales of medical polyether ether ketones. North America holds the largest industry share. Moreover, the U.S.-based industry is projected to experience rapid growth in the near future, due to the growing penetration of healthcare facilities and media device innovations. Therefore, the rising demand for PEEK is ascribed to the growing prevalence of cardiac diseases. The research offers market size of the global medical polyetheretherketone market for the period 2017–2030. Market Segmentation by Product Dental Implants Knee and Hip Implants Spine Implants Stent and Heart Valve Implantation Products Others Market Segmentation by Grade Unfilled Carbon-Filled Others Market Segmentation by Region North America Medical Polyetheretherketone Market • • • • • • • • • 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

4. oBy product oBy grade oBy country – U.S. and Canada Europe Medical Polyetheretherketone Market • oBy product oBy grade oBy country – Germany, U.K., France, Italy, Spain, and Rest of Europe Asia-Pacific (APAC) Medical Polyetheretherketone Market • oBy product oBy grade oBy country – Japan, China, India, South Korea, and Rest of APAC Latin America (LATAM) Medical Polyetheretherketone Market • oBy product oBy grade oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Medical Polyetheretherketone Market • oBy product oBy grade oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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