Metal Implants and Medical Alloys Market is estimated to value at a CAGR of over 9.3% from the forecast period 2022-2028.

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:

• Carpenter Technology Corporation
• Royal DSM
• Johnson Matthey PLC.
• Fort Wayne Metals
• ATI Specialty Alloys & Components
• Ametek Specialty Metal Products
• Questek Innovations LLC
• Supra Alloys Inc.
• Materion Corporation
• Aperam S.A.
(Note: The list of the major players will be updated with the latest market scenario and trends)

Metal Implants and Medical Alloys Market Segmentation:

By Type
• Titanium
• Stainless Steel
• Cobalt-Chromium
• Other Metal Implants and Medical Alloys (Gold, Silver, and Magnesium Alloys)

By Application
• Orthopedic Applications
  o Joint Reconstruction Devices
    • Knee Reconstruction Devices
    • Hip Reconstruction Devices
    • Shoulder Reconstruction Devices
    • Other Joint Reconstruction Devices (Ankle, Elbow, Wrist, and Finger Arthroplasty)
  o Spinal Implants
    • Spinal Fusion Devices
    • Motion Preservation Devices
    • Vertebral Compression Fracture Devices
    • Spinal Decompression Devices
  o Trauma Fixation Devices
    • Metal Plates & Screws
    • Pins
    • Nails & Rods
    • Wires
• Cardiovascular Applications
  o Implantable Cardiac Defibrillators (ICDs)
  o Implantable Cardiac Pacemakers (ICPs)
  o Mechanical Heart Valves
  o Stents
  o Guidewires
• Dental Applications
  o Dental Implants
  o Orthodontic Appliances
  o Metal Bridges & Crowns
• Craniomaxillofacial Applications
  o Facial Implants
  o Cranial Implants
• Neurological Application

By Region
North America 
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Competitive Landscape: 

• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

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 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— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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