GLOBAL PEEK SPACER SYSTEM MARKET

INTRODUCTION

PEEK Spacer System is the name of a medical tool used during spinal operations. PEEK, also known as polyetheretherketone, is a high-performance thermoplastic substance renowned for its biocompatibility, mechanical toughness, and radiolucency (the capacity to appear transparent to X-rays).

To keep the spine's natural height and alignment after the removal of a damaged or diseased intervertebral disc, PEEK Spacer Systems are used as intervertebral implants during spinal procedures.

In order to strengthen and stabilize the spine and promote correct vertebral fusion over time, these spacers are positioned between adjacent vertebrae.

Due to their superior biocompatibility, PEEK Spacer Systems are preferred in spine procedures as it lowers the possibility of adverse body reactions.

Additionally, PEEK's radiolucency improves visibility in post-operative imaging, enabling medical practitioners to track the healing process and spot any potential issues more easily.

PEEK Spacer Systems must be used with caution, as with any medical device, and should only be done so under the supervision of trained healthcare experts when necessary.

GLOBAL PEEK SPACER SYSTEM MARKET SIZE AND FORECAST

The PEEK Spacer System accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

RECENT PRODUCT DEVELOPMENT AND INNOVATION

One of the top manufacturers of medical technology, Medtronic, created the Infuse Bone Graft. In patients with degenerative disc disease and other spinal diseases, it is a ground-breaking method of spinal fusion surgery that aims to encourage bone formation and speed up the fusion process.

For spinal fusion surgeries, Infuse Bone Graft blends a PEEK spacer with a bioactive recombinant human bone morphogenetic protein-2 (rhBMP-2).The Infuse Bone Graft is implanted during surgery, often in the lumbar region of the spine, between two neighboring vertebrae.

The rhBMP-2 stimulates the body's own bone-forming cells, promoting the creation of new bone tissue, while the PEEK spacer serves as a structural support to maintain the disc height and spacing. The PEEK spacer progressively gives way to freshly produced bone over time, fusing the vertebrae together solidly.

The Infuse Bone Graft system's minimally invasive approach in comparison to conventional spinal fusion methods is one of its key benefits.

Because bone grafts don't need to be taken from the patient's hip or pelvis, using rhBMP-2 shortens the procedure's duration, discomfort, and risk of problems. The danger of infection at the location of the bone graft is also reduced by this method.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many PEEK Spacer System are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global PEEK Spacer System and key vendor selection criteria
3. Where is the PEEK Spacer System manufactured? What is the average margin per unit?
4. Market share of Global PEEK Spacer System market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global PEEK Spacer System in-house
6. key predictions for next 5 years in Global PEEK Spacer System market
7. Average B-2-B PEEK Spacer System market price in all segments
8. Latest trends in PEEK Spacer System market, by every market segment
9. The market size (both volume and value) of the PEEK Spacer System market in 2023-2030 and every year in between?
10. Production breakup of PEEK Spacer System market, by suppliers and their OEM relationship