Increase in incidence of orthopedic disorders coupled with technological advancements in polyether ether ketone (PEEK) implants is responsible for driving the PEEK interbody devices market opportunities.
PEEK spinal cages, also called interbody fusion cages, are used in various spinal fusion procedures for replacing a damaged spinal disc and providing an ideal ambience for two vertebrae to fuse.
Companies operating in the global peek interbody devices market are working toward incorporating comprehensive lateral access and interbody fusion platform at a larger scale. They are also exploring the usage of surgical implants of spinal devices coated with ion-assisted titanium coating technology to obtain better results.
PEEK is referred to as a high-performance thermoplastic material used for making durable, strong, and biocompatible implants for numerous spinal, dental, orthopedic, and maxillofacial applications. PEEK interbody devices offer advantages over conventional metal implants owing to biomechanical properties, chemical resistance to sterilization, and imaging compatibility.
Additionally, inclination toward minimally-invasive surgical procedures has raised the demand for PEEK implants. The design flexibility along with suitability for these procedures makes them one of the preferred choices. Availability of customization is another factor drawing more patients toward PEEK cage implants.
However, PEEK implants are facing competition from the other orthopedic biomaterials such as PMMA, polyethylene, composites, and ultra-high molecular weight polyethylene. Metals such as stainless steel and titanium are commonly used in the joint reconstruction implants.
Bioresorbable polymers and ceramic biomaterials also offer alternatives for specific indications. These alternatives are bound to restrain the PEEK interbody devices market demand.
| Attribute | Detail |
|---|---|
| Market Drivers |
|
Rise in incidence of orthopedic disorders such as rheumatoid arthritis, osteoarthritis, and osteoporosis is one of the major factors contributing toward PEEK interbody devices market growth. As per the WHO, musculoskeletal diseases affected close to 1.7 billion individuals worldwide as of July 2022.
It further states that low back pain is amongst the largest causes of disability in 160 countries, thereby making musculoskeletal diseases a lading contributor to disability across the globe.
Besides, as per the WHO, population aged 65 and above is expected to double by the year 2050. The elderly population is more susceptible to spinal, dental, and orthopedic disorders owing to weaker joints and bones. This factor is expanding patient pool, thereby boosting demand for PEEK interbody devices.
Various technological advancements are witnessed in PEEK spinal fusion devices’ designs and production techniques. Advancements such as porous PEEK implants allow osseointegration, bone in-growth, and stability. Various emerging techniques facilitate production of personalized PEEK implants according to the anatomy of the patient.
In March 2022, Evonik announced expansion of portfolio of 3D-printable biomaterials for medical technology. The company developed VESTAKEEP iC4800 3DF, an osteoconductive PEEK filament to promote fusion between implants and bone.
Moreover, minimally-invasive PEEK implants such as pedicle screw systems and interbody cages are witnessing an increasing demand. PEEK’s radiolucent properties and biocompatibility make it ideal for usage in such advanced procedures.
Continual technological advancements as mentioned above are thus expanding the PEEK interbody devices market size.
| Attribute | Detail |
|---|---|
| Leading Region | North America |
As per the latest PEEK interbody devices market analysis, North America held the largest share of the PEEK-based interbody fusion devices landscape in 2023 and the situation is expected to remain unchanged during the forecast period.
This is attributed to growing prevalence of orthopedic ailments followed by speedy approvals of innovative products. For instance, in March 2023, Curiteva Inc. announced that the U.S. FDA granted 510(k) clearance for 3D printed PEEK implant called Inspire Porous PEEK Cervical Interbody System with HAFUSE.
In October 2020, In2Bones Global, Inc. announced that its U.S.-based subsidiary had inked an exclusive agreement with Invibio Limited to apply the latter’s PEEK-OPTIMA Ultra Reinforced (POUR) carbon fiber technology to the former’s lower extremity implants.
Asia Pacific is also holding a noticeable PEEK interbody devices market share. This is due to the region witnessing an increase in medical tourism along with awareness regarding PEEK implants.
As per an article published in March 2023 by Ministry of Health and Family Welfare of India, the Medical Tourism Association ranked India 10th in Medical Tourism Index (MTI) for 2020-21.
The Union Ministry of Health and Family Welfare is entering into collaborations with various other ministries that include the Ministry of Home Affairs, AYUSH, Tourism, External Affairs, State Governments, Civil Aviation, and various other stakeholders in order to promote Medical Value Travel (MVT) in India.
The prominent players spanning the PEEK interbody devices market report scope are launching new products to establish a strong foothold in the PEEK interbody implants landscape.
For instance, in September 2023, Treace Medical Concepts, Inc. announced release of several novel complimentary technologies for treating bunions procedures related to bunions in the U.S. The hammertoe PEEK Fixation System is meant to treat claw toe, hammertoe, and mallet toe abnormalities.
Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, B. Braun, SeaSpine Holdings Corporation, Weigao Group, Alphatec Spine, Inc., Xtant Medical Holdings Inc, and Life Spine, Inc. are some of the key players covered in the PEEK interbody devices market report.
These companies have been profiled based on parameters such as company overview, business strategies, financial overview, product portfolio, and business segments.
| Attribute | Detail |
|---|---|
| Market Size in 2023 | US$ 2.2 Bn |
| Market Forecast (Value) in 2034 | US$ 5.0 Bn |
| Growth Rate (CAGR) | 7.7% |
| Forecast Period | 2024-2034 |
| Historical Data Available for | 2020-2022 |
| Quantitative Units | US$ Bn for Value |
| Market Analysis | It includes segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. |
| Competition Landscape |
|
| Format | Electronic (PDF) + Excel |
| Market Segmentation |
|
| Regions Covered |
|
| Countries Covered |
|
| Companies Profiled |
|
| Customization Scope | Available Upon Request |
| Pricing | Available Upon Request |
It was valued at US$ 2.2 Bn in 2023
It is projected to grow at a CAGR of 7.7% from 2024 to 2034
Growing prevalence of orthopedic disorders and technological advancements in PEEK implants
Hospitals & clinics segment accounted for the largest share in 2023
North America was the dominant region in 2023
Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, B. Braun, SeaSpine Holdings Corporation, Weigao Group, Alphatec Spine, Inc., Xtant Medical Holdings Inc, and Life Spine, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global PEEK Interbody Devices Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution/Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global PEEK Interbody Devices Market Analysis and Forecast, 2020-2034
5. Key Insights
5.1. Pipeline Analysis
5.2. Key Product/Brand Analysis
5.3. Key Mergers & Acquisitions
5.4. COVID-19 Pandemic Impact on Industry
6. Global PEEK Interbody Devices Market Analysis and Forecast, by Product Type
6.1. Introduction & Definition
6.2. Key Findings/Developments
6.3. Market Value Forecast, by Product Type, 2020-2034
6.3.1. Posterolateral Fusion Devices
6.3.2. Interbody Fusion Devices
6.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
6.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
6.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
6.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
6.3.7. Other Devices
6.4. Market Attractiveness Analysis, by Product Type
7. Global PEEK Interbody Devices Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings/Developments
7.3. Market Value Forecast, by End-user, 2020-2034
7.3.1. Hospitals & Clinics
7.3.2. Ambulatory Surgery Clinics
7.3.3. Others (Research Institutes, etc.)
7.4. Market Attractiveness Analysis, by End-user
8. Global PEEK Interbody Devices Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region, 2020-2034
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America PEEK Interbody Devices Market Analysis and Forecast
9.1. Introduction
9.2. Key Findings
9.3. Market Value Forecast, by Product Type, 2020-2034
9.3.1. Posterolateral Fusion Devices
9.3.2. Interbody Fusion Devices
9.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
9.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
9.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
9.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
9.3.7. Other Devices
9.4. Market Value Forecast, by End-user, 2020-2034
9.4.1. Hospitals & Clinics
9.4.2. Ambulatory Surgery Clinics
9.4.3. Others (Research Institutes, etc.)
9.5. Market Value Forecast, by Country, 2020-2034
9.5.1. U.S.
9.5.2. Canada
9.6. Market Attractiveness Analysis
9.6.1. By Product Type
9.6.2. By End-user
9.6.3. By Country
10. Europe PEEK Interbody Devices Market Analysis and Forecast
10.1. Introduction
10.2. Key Findings
10.3. Market Value Forecast, by Product Type, 2020-2034
10.3.1. Posterolateral Fusion Devices
10.3.2. Interbody Fusion Devices
10.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
10.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
10.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
10.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
10.3.7. Other Devices
10.4. Market Value Forecast, by End-user, 2020-2034
10.4.1. Hospitals & Clinics
10.4.2. Ambulatory Surgery Clinics
10.4.3. Others (Research Institutes, etc.)
10.5. Market Value Forecast, by Country/Sub-region, 2020-2034
10.5.1. Germany
10.5.2. U.K.
10.5.3. France
10.5.4. Italy
10.5.5. Spain
10.5.6. Rest of Europe
10.6. Market Attractiveness Analysis
10.6.1. By Product Type
10.6.2. By End-user
10.6.3. By Country/Sub-region
11. Asia Pacific PEEK Interbody Devices Market Analysis and Forecast
11.1. Introduction
11.2. Key Findings
11.3. Market Value Forecast, by Product Type, 2020-2034
11.3.1. Posterolateral Fusion Devices
11.3.2. Interbody Fusion Devices
11.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
11.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
11.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
11.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
11.3.7. Other Devices
11.4. Market Value Forecast, by End-user, 2020-2034
11.4.1. Hospitals & Clinics
11.4.2. Ambulatory Surgery Clinics
11.4.3. Others (Research Institutes, etc.)
11.5. Market Value Forecast, by Country/Sub-region, 2020-2034
11.5.1. China
11.5.2. Japan
11.5.3. India
11.5.4. Australia & New Zealand
11.5.5. Rest of Asia Pacific
11.6. Market Attractiveness Analysis
11.6.1. By Product Type
11.6.2. By End-user
11.6.3. By Country/Sub-region
12. Latin America PEEK Interbody Devices Market Analysis and Forecast
12.1. Introduction
12.2. Key Findings
12.3. Market Value Forecast, by Product Type, 2020-2034
12.3.1. Posterolateral Fusion Devices
12.3.2. Interbody Fusion Devices
12.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
12.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
12.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
12.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
12.3.7. Other Devices
12.4. Market Value Forecast, by End-user, 2020-2034
12.4.1. Hospitals & Clinics
12.4.2. Ambulatory Surgery Clinics
12.4.3. Others (Research Institutes, etc.)
12.5. Market Value Forecast, by Country/Sub-region, 2020-2034
12.5.1. Brazil
12.5.2. Mexico
12.5.3. Rest of Latin America
12.6. Market Attractiveness Analysis
12.6.1. By Product Type
12.6.2. By End-user
12.6.3. By Country/Sub-region
13. Middle East & Africa PEEK Interbody Devices Market Analysis and Forecast
13.1. Introduction
13.2. Key Findings
13.3. Market Value Forecast, by Product Type, 2020-2034
13.3.1. Posterolateral Fusion Devices
13.3.2. Interbody Fusion Devices
13.3.3. Anterior Lumbar Interbody Fusion Devices (ALIF)
13.3.4. Extreme Lateral Interbody Fusion Devices (XLIF)
13.3.5. Posterior Lumbar Interbody Fusion Devices (PLIF)
13.3.6. Transforaminal Lumbar Interbody Fusion Devices (TLIF)
13.3.7. Other Devices
13.4. Market Value Forecast, by End-user, 2020-2034
13.4.1. Hospitals & Clinics
13.4.2. Ambulatory Surgery Clinics
13.4.3. Others (Research Institutes, etc.)
13.5. Market Value Forecast, by Country/Sub-region, 2020-2034
13.5.1. GCC Countries
13.5.2. South Africa
13.5.3. Rest of Middle East & Africa
13.6. Market Attractiveness Analysis
13.6.1. By Product Type
13.6.2. By End-user
13.6.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competitive Matrix (by Tier and Size of Companies)
14.2. Market Share Analysis, by Company (2023)
14.3. Company Profiles
14.3.1. Zimmer Biomet Holdings, Inc.
14.3.1.1. Company Overview
14.3.1.2. Product Portfolio
14.3.1.3. SWOT Analysis
14.3.1.4. Financial Overview
14.3.1.5. Strategic Overview
14.3.2. Medtronic plc
14.3.2.1. Company Overview
14.3.2.2. Product Portfolio
14.3.2.3. SWOT Analysis
14.3.2.4. Financial Overview
14.3.2.5. Strategic Overview
14.3.3. Stryker Corporation
14.3.3.1. Company Overview
14.3.3.2. Product Portfolio
14.3.3.3. SWOT Analysis
14.3.3.4. Financial Overview
14.3.3.5. Strategic Overview
14.3.4. B. Braun
14.3.4.1. Company Overview
14.3.4.2. Product Portfolio
14.3.4.3. SWOT Analysis
14.3.4.4. Financial Overview
14.3.4.5. Strategic Overview
14.3.5. SeaSpine Holdings Corporation
14.3.5.1. Company Overview
14.3.5.2. Product Portfolio
14.3.5.3. SWOT Analysis
14.3.5.4. Financial Overview
14.3.5.5. Strategic Overview
14.3.6. Weigao Group
14.3.6.1. Company Overview
14.3.6.2. Product Portfolio
14.3.6.3. SWOT Analysis
14.3.6.4. Financial Overview
14.3.6.5. Strategic Overview
14.3.7. Alphatec Spine, Inc.
14.3.7.1. Company Overview
14.3.7.2. Product Portfolio
14.3.7.3. SWOT Analysis
14.3.7.4. Financial Overview
14.3.7.5. Strategic Overview
14.3.8. Xtant Medical Holdings Inc
14.3.8.1. Company Overview
14.3.8.2. Product Portfolio
14.3.8.3. SWOT Analysis
14.3.8.4. Financial Overview
14.3.8.5. Strategic Overview
14.3.9. Life Spine, Inc.
14.3.9.1. Company Overview
14.3.9.2. Product Portfolio
14.3.9.3. SWOT Analysis
14.3.9.4. Financial Overview
14.3.9.5. Strategic Overview
List of Tables
Table 01: Global PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 02: Global PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
Table 03: Global PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Region, 2020-2034
Table 04: North America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Country, 2020-2034
Table 05: North America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 06: North America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
Table 07: Europe PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 08: Europe PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 09: Europe PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
Table 10: Asia Pacific PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 11: Asia Pacific PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 12: Asia Pacific PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
Table 13: Latin America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 14: Latin America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 15: Latin America PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
Table 16: Middle East & Africa PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Country/Sub-region, 2020-2034
Table 17: Middle East & Africa PEEK Interbody Devices Market Size (US$ Bn) Forecast, by Product Type, 2020-2034
Table 18: Middle East & Africa PEEK Interbody Devices Market Size (US$ Bn) Forecast, by End-user, 2020-2034
List of Figures
Figure 01: Global PEEK Interbody Devices Market Size (US$ Bn) and Distribution (%), by Region, 2023 and 2034
Figure 02: Global PEEK Interbody Devices Market Revenue (US$ Bn), by Product Type, 2023
Figure 03: Global PEEK Interbody Devices Market Value Share, by Product Type, 2023
Figure 04: Global PEEK Interbody Devices Market Revenue (US$ Bn), by End-user, 2023
Figure 05: Global PEEK Interbody Devices Market Value Share, by End-user, 2023
Figure 06: Global PEEK Interbody Devices Market Value Share, by Region, 2023
Figure 07: Global PEEK Interbody Devices Market Value (US$ Bn) Forecast, 2020-2034
Figure 08: Global PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 09: Global PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 10: Global PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 11: Global PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Figure 12: Global PEEK Interbody Devices Market Value Share Analysis, by Region, 2023 and 2034
Figure 13: Global PEEK Interbody Devices Market Attractiveness Analysis, by Region, 2020-2034
Figure 14: North America PEEK Interbody Devices Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 15: North America PEEK Interbody Devices Market Attractiveness Analysis, by Country, 2020-2034
Figure 16: North America PEEK Interbody Devices Market Value Share Analysis, by Country, 2023 and 2034
Figure 17: North America PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 18: North America PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 19: North America PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 20: North America PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Figure 21: Europe PEEK Interbody Devices Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 22: Europe PEEK Interbody Devices Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 23: Europe PEEK Interbody Devices Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 24: Europe PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 25: Europe PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 26: Europe PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 27: Europe PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Figure 28: Asia Pacific PEEK Interbody Devices Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 29: Asia Pacific PEEK Interbody Devices Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 30: Asia Pacific PEEK Interbody Devices Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 31: Asia Pacific PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 32: Asia Pacific PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 33: Asia Pacific PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 34: Asia Pacific PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Figure 35: Latin America PEEK Interbody Devices Market Value (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 36: Latin America PEEK Interbody Devices Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 37: Latin America PEEK Interbody Devices Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 38: Latin America PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 39: Latin America PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 40: Latin America PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 41: Latin America PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Figure 42: Middle East & Africa PEEK Interbody Devices Market Size (US$ Bn) Forecast and Y-o-Y Growth (%), 2020-2034
Figure 43: Middle East & Africa PEEK Interbody Devices Market Attractiveness Analysis, by Country/Sub-region, 2020-2034
Figure 44: Middle East & Africa PEEK Interbody Devices Market Value Share Analysis, by Country/Sub-region, 2023 and 2034
Figure 45: Middle East & Africa PEEK Interbody Devices Market Value Share Analysis, by Product Type, 2023 and 2034
Figure 46: Middle East & Africa PEEK Interbody Devices Market Value Share Analysis, by End-user, 2023 and 2034
Figure 47: Middle East & Africa PEEK Interbody Devices Market Attractiveness Analysis, by Product Type, 2020-2034
Figure 48: Middle East & Africa PEEK Interbody Devices Market Attractiveness Analysis, by End-user, 2020-2034
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
PEEK Interbody Devices Market
