(MENAFN- GlobeNewsWire - Nasdaq) Presents Shares and Regional Growth Trends for Cortical, Cancellous, and Hybrid Screws Segmented by Application and End UseDublin, Feb. 07, 2025 (GLOBE NEWSWIRE) -- The "PEEK Surgical Screws market - Global industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The PEEK Surgical Screws Market was valued at USD 493.76 Million in 2024, and is expected to reach USD 723.82 Million by 2030, rising at a CAGR of 6.54%. The market is driven by several key factors, including the growing demand for advanced materials in orthopaedic and spinal surgeries.
The rise in spinal surgeries, trauma cases, and joint replacements, particularly among an aging global population, is fueling the market. The growing preference for minimally invasive surgical techniques is increasing the adoption of PEEK-based screws, as they offer better imaging compatibility and reduce the risk of complications. Ongoing advancements in material science and the expansion of healthcare access in emerging markets further contribute to the growth of the PEEK surgical screws market.
North America dominated the global PEEK surgical screws market, driven by several factors including advanced healthcare infrastructure, a high volume of orthopedic and spinal surgeries, and significant investments in medical research and development. The United States, in particular, is a key player in this region, with the largest market share for PEEK surgical screws. The country's well-established healthcare system, combined with a high demand for innovative medical technologies, makes it a global leader in the adoption of advanced materials like PEEK in surgical procedures.
One of the primary drivers of North America's dominance is the high prevalence of spinal disorders and orthopedic conditions, particularly among the aging population. As the elderly population continues to grow, the number of individuals requiring surgeries for conditions like degenerative spine diseases, fractures, and osteoporosis increases. These conditions often necessitate surgical interventions that involve the use of PEEK surgical screws due to the material's superior biocompatibility, strength, and radiolucency, which are essential for spinal and orthopedic procedures. PEEK screws are highly preferred in spinal fusion surgeries, where stability, durability, and minimal interference with imaging technologies are paramount, driving their widespread use in hospitals and surgical centers throughout North America.
North America's healthcare system is marked by its emphasis on patient safety, technological innovation, and minimally invasive surgery (MIS). Surgeons in the region are increasingly adopting PEEK surgical screws for their ability to reduce complications associated with traditional metal implants. The radiolucency of PEEK is a major benefit, as it allows for better monitoring of the surgical site through X-rays and CT scans, which is particularly valuable in complex spinal surgeries. The ongoing adoption of minimally invasive techniques, which demand precision and advanced materials, further fuels the demand for PEEK screws.
Market Dynamics
Market Drivers Increasing Prevalence of Orthopedic and Spinal Disorders Biocompatibility and Superior Mechanical Properties Aging Population and Global Healthcare Challenges Growth in Trauma and Sports Injuries Increased Focus on Infection Prevention Expanding Healthcare Access in Emerging Markets
Market Challenges High Cost of PEEK Implants Limited Awareness and Training Among Healthcare Providers Manufacturing and Material Constraints
Market Trends Shift Toward Minimally Invasive Surgery Technological Advancements and Innovation
Key Players Profiled in the PEEK Surgical Screws Market
Orthofix Medical Inc. Medtronic PLC Invibio Ltd. Anika Therapeutics, Inc. Arthrex, Inc. Medacta International SA Zimmer Biomet Holdings, Inc. Matrix Meditec Pvt. Ltd. MicroPort Scientific Corporation Icotec Medical, Inc.
Report Scope
PEEK Surgical Screws Market, By Product:
Cortical Screws Cancellous Screws Hybrid Screws
PEEK Surgical Screws Market, By Application:
Spinal Fixation Joint Reconstruction Trauma Fracture Repair Dental Implants Others
PEEK Surgical Screws Market, By End Use:
Hospitals Outpatient Facilities
PEEK Surgical Screws Market, By Region:
North America Europe Asia-Pacific South America Middle East & Africa
Key Attributes
CONTACT:
CONTACT:
Laura Wood,Senior Press Manager
...
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Comments
No comment