Market Overview:
PEEK implant products are used in orthopedics and neurosurgery for joint replacements, such as hip, knee, and spine applications. They offer advantages over traditional implants as PEEK is biocompatible and has stiffness similar to bone. This reduces bone resorption around the implant.

Market key trends:
Growing geriatric population prone to orthopedic diseases and injuries is fueling the demand for PEEK implants. According to the United Nations, the number of people aged 60 years and older is expected to grow by 56% to reach nearly 2.1 billion by 2050. Consequently, demand for joint reconstruction procedures using PEEK implants will increase significantly.

In addition, ongoing R&D for developing advanced 3D printed PEEK implants tailored as per patient’s anatomy is expected to open new avenues over the forecast period.
Market key trends:
One of the major trends in the PEEK Implants Market Demand is the increasing preference for minimally invasive surgeries. PEEK implants have gained popularity due to their biocompatibility and ability to be detected through CT and MRI scanning. Compared to conventional metal implants, PEEK implants allow for smaller incisions and quicker recovery time for patients. Market players are focusing on developing advanced 3D printing techniques to manufacture personalized PEEK implants with intricate designs tailored for each patient's anatomy.

SWOT Analysis
Strengths: PEEK implants are MRI-compatible and have high fatigue and impact resistance similar to skeletal structures. They stimulate natural bone ingrowth and have improved biocompatibility over metal implants.
Weaknesses: PEEK implants have higher costs compared to metal and polymer implants. Their mechanical properties are inferior to metal and they lack long-term clinical evidence and approval for wide applications.
Opportunities: Growth in joint reconstruction and spinal surgeries, aging population, and rising focus on customized implants present significant opportunities.
Threats: Strong competition from established metal implant manufacturers and stringent regulatory processes for new materials pose major threats.

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 incidence of orthopedic diseases and road accidents.

The North America region currently dominates the market owing to advanced healthcare infrastructure and growing aging population in the US and Canada undergoing knee and hip replacement surgeries.

Key players operating in the PEEK Implants market are Invibio, PEEK Implants by Cendres+Métaux, SisoMM , MKPrecision, Evonik Industries AG. Some of the major players like Invibio offer a wide range of advanced PEEK Optima polymers and customized implants for spine, trauma, dental and cranio-maxillofacial applications.

Read More:

https://makuv.com/growing-adoption-of-3d-printing-and-computer-assisted-surgeries-to-boost-the-growth-of-peek-implants-market/