Overview

Global Metal Implants and Medical Alloys Market Introduction 

The global metal implants and medical alloys market is estimated to value over 16.9 billion by 2026 end and register a CAGR of over 8.4% from the forecast period 2019-2026.

Global Metal Implants and Medical Alloys Market Overview

The rising demand for minimally invasive surgeries alongside a growing geriatric population globally is driving the market. Furthermore, the increasing number of trauma cases and road accidents are augmenting the market growth. Moreover, an increasing prevalence of chronic disorders and obese population is playing a major role in the expansion of the market. Technological advancements and product launches are spurring the market as well.

The market is bifurcated into type, applications, and region. In terms of type, titanium is expected to register the highest growth. Titanium offers high strength, biocompatibility, rigidity, corrosion, and greater strain-bearing capacity. It is also non-magnetic, non-radio opaque and non-allergic. Owing to these features and benefits, the demand for titanium has inflated, thus expanding the market. The titanium also sticks easily to the bone, thus eliminating the need for any extra additional coating. 

In terms of application, orthopaedic is expected to dominate the market due to rising cases of orthopedic disorders and increasing geriatric population globally. Rising cases of chronic diseases such as cardiovascular diseases, congenital disorders, osteoarthritis, and neuropathic diseases are driving the demand of the orthopedic segment. The advancements in medical products and innovative product launches are also boosting the market.

Regionally, North America is the global leader of the market. Rising healthcare expenditure alongside the presence of prominent players is driving the growth of the market. Moreover, initiatives taken by public and private healthcare sectors to promote advanced products is propelling the market in the region. Rise of the geriatric population and the emergence of chronic ailments is stimulating the market in the region.

Asia-Pacific region is predicted to be a lucrative region for manufacturers.  Rising healthcare expenditure alongside the rise in disposable income is boosting the presence of the market in the region. Improving healthcare infrastructure in countries like India and China is fueling the growth of the market as well.

Prominent players of the market are Ametek Specialty Products, QuesTek Innovations LLC, Royal DSM, Carpenter Technology Corporation, Aperam S.A, Fort Wayne Metals, ATI Specialty Alloys & Components, and Johnson Matthey Plc.

Global Metal Implants and Medical Alloys Market Segmentation

By Type

• Titanium
• Stainless Steel
• Cobalt-Chromium
• Other Metal Implants and Medical Alloys

By Application

• Orthopaedic Applications

• Joint Reconstruction Devices
• Trauma Fixation Devices
• Spinal Implant

• Cardiovascular Applications

• Stents
• Implantable Cardioverter Defibrillators
• Implantable Cardiac Pacemakers
• Guidewires
• Mechanical Heart Valves

• Dental Applications

• Dental Implants
• Orthodontic Appliances
• Metallic Bridges and Crowns 

• Craniofacial Implants

• Facial Implants
• Cranial Implants

• Neurological Applications

By Region

• North America 
• Europe
• Asia Pacific 
• Latin America 
• Middle East & Africa

Competitive Landscape: 

• Acquisitions, collaborations among prominent players and product launches are bolstering the market. Carpenter launched CARTECH PURIS 5+. It is a low-oxygen and high strength titanium power that provides optimization of powder strength and recyclability.  It also eliminates concerns regarding low oxygen powder and optimum standard strength requirement.
• Carpenter Technology collaborated with Son & Co. and Samuel to provide additive manufacturing marketplace end-to-end supply chain

FutureWise Key Takeaways:

• Growth Prospects
• SWOT Analysis
• Key Trends
• Key data-points affecting market growth

Objectives of the Study:

•    To provide with an exhaustive analysis on the global metal implants and medical alloys market by type, by application and by region 

•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

•    To evaluate and forecast micro-markets and the overall market 

•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa

•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

•    Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Table of Contents

1 Introduction

    1.1 Objectives of the Study 
    1.2 Market Definition 
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Limitations 
    1.5 Currency 
    1.6 Stakeholders 

2 Research Methodology

    2.1 Research Approach 
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation 
    2.3 Market Breakdown and Data Triangulation 
    2.4 Assumptions for the Study 

3 Executive Summary 

4 Premium Insights 
    4.1 Metal Implants and Medical Alloys: Market Overview 
    4.2 Metal Implants and Medical Alloys Market: Geographic Overview (2018) 
    4.3 Regional Mix: Market (2019–2026) 
    4.4 Asia Pacific: Market, By End User & Country (2018) 
    4.5 Market: Developed vs Developing Markets 

5 Market Overview

    5.1 Introduction 
    5.2 Market Dynamics 
           5.2.1 Drivers
                    5.2.1.1 Rising Geriatric and Obese Populations
                    5.2.1.2 Increasing Number of Road Accidents & Trauma Cases Globally
                    5.2.1.3 Growing Demand for Minimally Invasive Surgical Procedures
                    5.2.1.4 Increasing Incidence of Lifestyle Disorders
           5.2.2 Restraints
                    5.2.2.1 High Cost of Metal Implants
                    5.2.2.2 Shortage of Skilled Surgeons
           5.2.3 Opportunities
                    5.2.3.1 Emerging Countries
                    5.2.3.2 Growth in the Number of Hospitals and Surgical Centers
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness About the Availability of Advanced Implants
                    5.2.4.2 Uncertainties in Reimbursements

6 Industry Insights 
    6.1 Introduction 
    6.2 Industry Trends 
           6.2.1 Additive Manufacturing
           6.2.2 Growing Focus on Biodegradable Metals
    6.3 Regulatory Analysis 
           6.3.1 North America
                    6.3.1.1 US
                    6.3.1.2 Canada
           6.3.2 Europe
           6.3.3 Asia Pacific
                    6.3.3.1 Japan
                    6.3.3.2 China
                    6.3.3.3 India
           6.3.4 Rest of the World
    6.4 Vendor Benchmarking 

7 Metal Implants and Medical Alloys Market, By Type 
    7.1 Introduction 
    7.2 Titanium 
           7.2.1 Titanium is the Most Commonly Used Material for Implants Due to Its Greater Corrosion-Resistance Properties as Compared to Other Materials
    7.3 Stainless Steel 
           7.3.1 Stainless Steel is Popular in Surgical Practices as It is the Most Corrosion Resistant When in Direct Contact With A Biological Fluid
    7.4 Cobalt Chromium 
           7.4.1 Cobalt Chromium is One of the Most Widely Used Metals in Hip and Knee Implants
    7.5 Other Metal Implants and Medical Alloys 

8 Metal Implants and Medical Alloys Market, By Application

    8.1 Introduction 
    8.2 Orthopedic Applications 
           8.2.1 Joint Reconstruction Devices
                    8.2.1.1 Knee Reconstruction Devices
                               8.2.1.1.1 The Increasing Number of Knee Replacement Procedures Across the Globe is Likely to Drive Market Growth
                    8.2.1.2 Hip Reconstruction Devices
                               8.2.1.2.1 Mobile Bearing Implants are A Recent Development in This Market Segment
                    8.2.1.3 Shoulder Reconstruction Devices
                               8.2.1.3.1 Shoulder Reconstruction is the Third-Most-Common Joint Replacement Surgery Conducted Globally
                    8.2.1.4 Other Joint Reconstruction Devices
           8.2.2 Trauma Fixation Devices
                    8.2.2.1 Metal Plates & Screws
                               8.2.2.1.1 Growing Prevalence of Degenerative Joint Diseases and Growth in the Aging Population are Driving the Market
                    8.2.2.2 Wires
                               8.2.2.2.1 Wires Can Be Used Alone Or in Combination With Other Fixation Devices
                    8.2.2.3 Pins
                               8.2.2.3.1 Pin Fixation is Mostly Used for Fractures of the Phalanges, Metacarpals, and Metatarsals
                    8.2.2.4 Nails & Rods
                               8.2.2.4.1 Their Rigidity, Cost-Efficiency, and Easy Mobilization have Driven the Demand for Nails & Rods
           8.2.3 Spinal Implants
                    8.2.3.1 Spinal Fusion Devices
                               8.2.3.1.1 Spinal Fusion Devices are Made of Titanium, Titanium Allow, and Stainless Steel
                    8.2.3.2 Motion Preservation Devices
                               8.2.3.2.1 Motion Preservation is Rapidly Replacing Spinal Fusion
                    8.2.3.3 Vertebral Compression Fracture Devices
                               8.2.3.3.1 Low Diagnosis Rate of Fractures and High Risk of Adjacent-Level Fractures are Major Challenges Limiting the Growth of the Market
                    8.2.3.4 Spinal Decompression Devices
                               8.2.3.4.1 Growing Incidences of Spinal Tumors and , Development of Minimally Invasive Devices are Driving Market Growth
    8.3 Cardiovascular Applications 
           8.3.1 Stents
                    8.3.1.1 With the Rising Number of Coronary Intervention Procedures Performed Worldwide, the Demand for Stents is Set to Increase
           8.3.2 Implantable Cardioverter Defibrillators
                    8.3.2.1 Advancements in Defibrillators have Greatly Driven Their Adoption
           8.3.3 Implantable Cardiac Pacemakers
                    8.3.3.1 Pacemaker Implant Rates have Grown in Line With the Rising Geriatric Population
           8.3.4 Guidewires
                    8.3.4.1 Adoption of Zig-Zag Wire Technology has Increased Due to Its Ease of Use and Higher Success Rate
           8.3.5 Mechanical Heart Valves
                    8.3.5.1 Possibility of Blood Clot Formation Associated With Valves Leaves Patients Reliant on Daily Doses of Anticoagulant Drugs
    8.4 Dental Applications 
           8.4.1 Dental Implants
                    8.4.1.1 Titanium is A Key Component of Dental Implants
           8.4.2 Orthodontic Appliances
                    8.4.2.1 Orthodontic Fixed Braces are the Most Common Type of Orthodontic Non-Removable Appliances
           8.4.3 Metallic Bridges and Crowns
                    8.4.3.1 Metallic Crowns Require Less Removal of the Original Tooth Material as Compared to Other Crown Types
    8.5 Craniofacial Implants 
           8.5.1 Facial Implants
                    8.5.1.1 Increasing Incidence of Congenital Deformities and the Rising Number of Road Accident Injuries are Driving Market Growth
           8.5.2 Cranial Implants
                    8.5.2.1 Cranial Implants Account for the Largest Share of the Craniofacial Applications Market
    8.6 Neurological Applications 
           8.6.1 Rising Disease Incidence is Driving Demand for Neurological Application

9 Metal Implants and Medical Alloys Market, By Region 

    9.1 Introduction 
    9.2 North America 
           9.2.1 US
                    9.2.1.1 The US is the Largest Market for Metal Implants and Medical Alloys Globally
           9.2.2 Canada
                    9.2.2.1 Rising Prevalence of Chronic Diseases to Support Market Growth in Canada
    9.3 Europe 
           9.3.1 Germany
                    9.3.1.1 Germany Holds the Largest Share of the European Market
           9.3.2 UK
                    9.3.2.1 Rising Prevalence of Chronic Diseases to Drive Market Growth in the Uk
           9.3.3 France
                    9.3.3.1 Presence of A Strong Healthcare System in France Allows the Adoption of Technologically Advanced Products for the Management of Various Disease Conditions
           9.3.4 Italy
                    9.3.4.1 Rising Geriatric Population and the Subsequent Increase in the Incidence of Various Age-Related Disorders to Increase the Demand for Metal Implants and Medical Alloys in Italy
           9.3.5 Spain
                    9.3.5.1 One-Third of Spain’s Population is Expected to Be Over 65 Years of Age By 2050
           9.3.6 Rest of Europe
    9.4 Asia Pacific 
           9.4.1 China
                    9.4.1.1 China to Hold the Largest Share of the APAC Market During the Forecast Period
           9.4.2 Japan
                    9.4.2.1 Growth in the Aging Population and Consequent Rise in Disease Prevalence Will Contribute to Market Growth
           9.4.3 India
                    9.4.3.1 The Indian Market is Among the Fastest-Growing in APAC
           9.4.4 Rest of Asia Pacific
    9.5 Latin America 
           9.5.1 The Prevalence of Cvd and Neurological Diseases has Increased in Latin America
    9.6 Middle East & Africa 
           9.6.1 A Number of Middle Eastern Countries are Investing in the Modernization of Their Healthcare Systems

10 Competitive Landscape

     10.1 Overview 
     10.2 Competitive Leadership Mapping, 2018 
             10.2.1 Visionary Leaders
             10.2.2 Innovators
             10.2.3 Dynamic Differentiators
             10.2.4 Emerging Companies
     10.3 Market Ranking Analysis 
     10.4 Competitive Situation and Trends 
             10.4.1 New Product Launches
             10.4.2 Agreements, Partnerships, and Joint Ventures
             10.4.3 Expansions
             10.4.4 Acquisitions

11 Company Profiles 
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, FutureWise View)*
     11.1 Carpenter Technology Corporation 
     11.2 Johnson Matthey PLC. 
     11.3 Royal Dsm 
     11.4 ATI Specialty Alloys & Components 
     11.5 Fort Wayne Metals 
     11.6 Ametek Specialty Metal Products 
     11.7 Supra Alloys Inc.  
     11.8 Questek Innovations LLC 
     11.9 Aperam S.A. 
     11.10 Materion Corporation 

*Specifics on Business Overview, Products Offered, Recent Developments, SWOT Analysis, FutureWise View Might Not Be Captured in Case of Unlisted Companies

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