Canada Medical Polyetheretherketone Market Size & Outlook
Canada medical polyetheretherketone market, 2019-2030 (US$M)
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Canada medical polyetheretherketone market highlights
- The Canada medical polyetheretherketone market generated a revenue of USD 27.6 million in 2023 and is expected to reach USD 43.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, orthopedic was the largest revenue generating application in 2023.
- Cardiovascular is the most lucrative application segment registering the fastest growth during the forecast period.
Medical polyetheretherketone market data book summary
| Market revenue in 2023 | USD 27.6 million |
| Market revenue in 2030 | USD 43.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Orthopedic |
| Fastest growing segment | Cardiovascular |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Trauma Fixation, Cardiovascular, Orthopedic, Dental Implants & Fixtures |
| Key market players worldwide | Superior Industries International Inc, Evonik Industries AG, Invibio, Solvay SA, Medtronic PLC, Victrex PLC, PetroChina Co Ltd Class H |
Other key industry trends
- In terms of revenue, Canada accounted for 2.9% of the global medical polyetheretherketone market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical polyetheretherketone market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 342.6 million by 2030.
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Medical Polyetheretherketone Market Scope
Medical Polyetheretherketone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada medical polyetheretherketone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polyetheretherketone market will help companies and investors design strategic landscapes.
Orthopedic was the largest segment with a revenue share of 49.64% in 2023. Horizon Databook has segmented the Canada medical polyetheretherketone market based on trauma fixation, cardiovascular, orthopedic, dental implants & fixtures covering the revenue growth of each sub-segment from 2019 to 2030.
The healthcare industry in Canada is attracting significant investments in both public and private sectors. In 2019, Government spending on the healthcare industry was about 10% of the country’s total GDP, which is equivalent to USD 6,000 per capita of spending.
The country is characterized by high awareness regarding health among consumers and high life expectancy, viz., 85 years for women and 79 years for men. Thus, increased healthcare expenditure by the government and the growing elderly population are expected to have a positive impact on the growth of the medical PEEK market over the forecast period.
Canada has one of the most stringent regulations in the world for medical devices. The government of Canada is taking further steps to ensure the safety, effectiveness, and quality of medical devices due to the COVID-19 pandemic.
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Target buyers of Canada medical polyetheretherketone market databook
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Our clientele includes a mix of medical polyetheretherketone market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical polyetheretherketone market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical polyetheretherketone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical polyetheretherketone market size, by application, 2019-2030 (US$M)
Canada Medical Polyetheretherketone Market Outlook Share, 2023 & 2030 (US$M)
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