Italy Medical Polyetheretherketone Market Size & Outlook
Italy medical polyetheretherketone market, 2019-2030 (US$M)
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Italy medical polyetheretherketone market highlights
- The Italy medical polyetheretherketone market generated a revenue of USD 13.8 million in 2023 and is expected to reach USD 22.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 7.1% 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 13.8 million |
| Market revenue in 2030 | USD 22.3 million |
| Growth rate | 7.1% (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, Italy accounted for 1.4% 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 Europe, UK medical polyetheretherketone market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 55.5 million by 2030.
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Medical Polyetheretherketone Market Scope
Medical Polyetheretherketone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 47.83% in 2023. Horizon Databook has segmented the Italy medical polyetheretherketone market based on trauma fixation, cardiovascular, orthopedic, dental implants & fixtures covering the revenue growth of each sub-segment from 2019 to 2030.
This aging population is expected to contribute to the increased demand for mobility aids, orthopedic implants, and cardiac implants. The widening application of plastics in the medical industry as a replacement for metals is also expected to drive the growth of the medical PEEK market over the forecast period.
Reduction in manufacturing costs is a considerable advantage that favors the use of PEEK plastic as a replacement for metal in medical applications. PEEK finds applications in orthopedic devices as it imparts great strength to these devices, which is expected to drive the market growth over the forecast period.
The use of plastic for manufacturing surgical instruments is a new concept. Metal surgical instruments dominate the market as they are reusable and easy to sterilize. However, medical plastics used for producing surgical instruments reduce the overall manufacturing cost and the need for sterilization.
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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 Italy medical polyetheretherketone market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical polyetheretherketone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy medical polyetheretherketone market size, by application, 2019-2030 (US$M)
Italy Medical Polyetheretherketone Market Outlook Share, 2023 & 2030 (US$M)
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