PEEK Implants Market

AI is Fueling the Growth of PEEK Implants Market

Posted on by Anuja Desai

Market Overview:

PEEK implants are synthetic polymers used as medical implant materials and devices to replace bones and joints. PEEK implants mimic the mechanical properties of bones very closely making them an ideal biomaterial for orthopedic applications like spinal fusion. They are radiolucent, bioinert and durable making PEEK implants a preferred choice over metals.

Market key trends:

Advent of 3D printing technology for customized PEEK implants is a major trend witnessed in the market. 3D printing enables complex geometries and designs specific to patient’s anatomy to be produced. This paved way for patient-specific implants tailored for individual physiology reducing implant failure. The use of AI and 3D scanning further enhance precision in manufacturing PEEK implants using 3D printing technology.

Segment Analysis

The global PEEK Implants Market Demand is dominated by knee implants sub-segment. PEEK knee implants are gaining higher popularity and market share as they have similar mechanical properties as human bone and provide resistance to deformation under load. PEEK knee implants enable flexible movement and faster recovery without compromising on strength like traditional metal implants.

Key Takeaways

The global PEEK implants market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period, due to increasing prevalence of osteoarthritis and rise in number of joint replacement surgeries.

Regional analysis
North America dominated the global PEEK implants market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to growing demand for innovative polymers in medical implants and presence of key players in the region. Asia Pacific is expected to be the fastest growing market for PEEK implants due to rising healthcare expenditures, increasing geriatric population and growing medical tourism in the region.

Key players
Key players operating in the PEEK implants market are Invibio, PEEK Implants by Cendres+Métaux, SisoMM, and MKPrecision. Evonik Industries AG is a leading provider of PEEK polymers used for manufacturing PEEK implants.

Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it