UK Medical Polyetheretherketone Market Size & Outlook
UK medical polyetheretherketone market, 2019-2030 (US$M)
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UK medical polyetheretherketone market highlights
- The UK medical polyetheretherketone market generated a revenue of USD 32.6 million in 2023 and is expected to reach USD 55.5 million by 2030.
- The UK market is expected to grow at a CAGR of 7.9% 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 32.6 million |
| Market revenue in 2030 | USD 55.5 million |
| Growth rate | 7.9% (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, UK accounted for 3.4% 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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UK 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 47.55% in 2023. Horizon Databook has segmented the UK medical polyetheretherketone market based on trauma fixation, cardiovascular, orthopedic, dental implants & fixtures covering the revenue growth of each sub-segment from 2019 to 2030.
Changing healthcare needs in the UK, coupled with increased spending capacities of consumers, are expected to drive the demand for medical PEEK over the forecast period. Growing demand for biocompatible, lightweight, cost-effective, and efficient materials for manufacturing is expected to positively impact the market growth over the upcoming years.
High demand for medical treatment from ailing consumers to treat various conditions, such as cardiovascular diseases, diabetes, and strokes, is anticipated to positively influence the growth of the medical device industry in the country.
Technological advancements in knee and hip implant surgeries are expected to positively impact the market growth. Rising awareness among consumers regarding new technologies in the medical field to treat birth and accidental defects is anticipated to drive the demand for implants, which, in turn, is likely to fuel the growth of the medical polyetheretherketone (PEEK) market over the forecast period.
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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 UK medical polyetheretherketone market , including forecasts for subscribers. This country databook contains high-level insights into UK medical polyetheretherketone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical polyetheretherketone market size, by application, 2019-2030 (US$M)
UK Medical Polyetheretherketone Market Outlook Share, 2023 & 2030 (US$M)
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