China Medical Polyetheretherketone Market Size & Outlook
China medical polyetheretherketone market, 2019-2030 (US$M)
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China medical polyetheretherketone market highlights
- The China medical polyetheretherketone market generated a revenue of USD 67.8 million in 2023 and is expected to reach USD 124.0 million by 2030.
- The China market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, cardiovascular 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 67.8 million |
| Market revenue in 2030 | USD 124.0 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Cardiovascular |
| 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, China accounted for 7.0% 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 Asia Pacific, China medical polyetheretherketone market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 29.6 million by 2030.
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Medical Polyetheretherketone Market Scope
Medical Polyetheretherketone Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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.
Cardiovascular was the largest segment with a revenue share of 30.24% in 2023. Horizon Databook has segmented the China 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 growth can be attributed to high healthcare costs, increasing private and public expenditure on healthcare, and growing incidences of diseases.
Increasing government expenditure to improve infrastructure and accessibility in rural and urban areas is expected to drive the demand for medical devices and components, which, in turn, is expected to augment the demand for medical polyetheretherketone (PEEK) over the forecast period.
Furthermore, the increasing geriatric population in the country is expected to be a major contributor to the healthcare industry, which is expected to positively impact the market growth over the forecast period.
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Target buyers of China 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China medical polyetheretherketone market , including forecasts for subscribers. This country databook contains high-level insights into China medical polyetheretherketone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China medical polyetheretherketone market size, by application, 2019-2030 (US$M)
China Medical Polyetheretherketone Market Outlook Share, 2023 & 2030 (US$M)
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