Overview

Metal Implants and Medical Alloys Market Introduction:

Metal Implants and Medical Alloys Market is estimated to value over 20 billion by 2027 end and register a CAGR of over 8.4% from the forecast period 2020-2027.

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, Johnson Matthey Plc., Materion Corporation and Supra Alloys Inc.

Metal Implants and Medical Alloys Market

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

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