PEEK IMPLANTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Global PEEK Implants Market- Regional Insights

• North America is expected to be the largest market for peek implants during the forecast period, accounting for over 41.2% 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 government approvals of innovative products. For instance, on March 02, 2023, Curiteva Inc., a medical implant manufacturer, announced that the U.S. FDA gave 510(k) clearance for 3D printed PEEK implant, the Inspire Porous PEEK Cervical Interbody System with HA^FUSE
• Europe is expected to be the second-largest market for peek implants accounting for over 28.3% of the market share in 2023. The growth of the market is attributed to rising geriatric population, presence of skilled healthcare professionals, and increasing cases of accidents and trauma.
• The Asia Pacific is expected to be the fastest-growing market for peek implants, with a CAGR of over 9.6% during the forecast period. The growth of the market in Asia Pacific is attributed to rising medical tourism, and growing awareness about PEEK implants. According to an article published on March 21, 2023 by Ministry of Health and Family Welfare of India, The Medical Tourism Association has ranked India 10th in the world in the Medical Tourism Index (MTI) for 2020-2021, out of 46 destinations. The Union Ministry of Health and Family Welfare is collaborating with other Ministries, including the Ministry of Home Affairs, Tourism, AYUSH, External Affairs, Civil Aviation, State Governments, and other stakeholders, to promote Medical Value Travel (MVT) in the country.

• 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: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa