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. Rising geriatric population worldwide coupled with the increasing prevalence of chronic diseases such as orthopaedic, neurological diseases and cardiovascular are the major factors driving the market. Growing sports injuries and increasing cases of trauma and accident cases are positively influencing the market. Technological advancements and product launches are also spurring the market. The market is bifurcated into type, applications, and region. In terms of type, titanium is expected to register the highest growth. Titanium, due to its biologically inert biomaterial nature, remains unchanged when it is placed inside the human body. Titanium, when contacts air or water forms a layer of titanium oxide. The surface layer protects the metal. It offers various benefits such as rigidity, strength and greater strain-bearing capacity when compared to other materials. Titanium is non-radio-opaque in nature and sticks easily to the bone. Such factors have driven the demand for titanium and have inflated the market. In terms of application, orthopaedic segment is expected to dominate the market due to rising cases of orthopaedic disorders and increasing geriatric population globally. Factors such as better clinical outcomes and technological advancements have positively influenced the market. Increasing preference for minimally invasive procedure and rising accident cases have bolstered the demand for orthopaedics, thus expanding the market. Based on regions, North America dictates the market growth. Government initiatives to promote efficient treatment facilities is boosting the presence of the market in the region. Growing preference for private and public healthcare organizations to promote advanced products imaging instruments is driving the market in the region. Rise of the geriatric population and the emergence of chronic ailments is stimulating the market in the region. In addition, the availability of advanced technologies and the presence of established companies are boosting the presence of the market in the region. Asia-Pacific region is expected to be lucrative for manufacturers owing to the presence of a large patient pool and increasing geriatric population in nations like China and Japan. Furthermore, rising prevalence of chronic diseases alongside increasing health awareness is driving the market in the region. Growing per capita coupled with 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 among prominent players and product launches are bolstering the market. Carpenter Technology Corporation in 2018, acquired LPW Technology Ltd. LPW Technology is a supplier and developer of advanced metal powder solutions to the additive manufacturing industry. The acquisitions will help in the production of highly engineered metal powders Carpenter Technology acquired MB CalRAM LLC in 2018. MB CalRAM LLC is a powder-bed fusion metal printing services. The acquisitions will help in bolstering the highly engineered metal powders for additive manufacturing applications. 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 Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com
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.
Rising geriatric population worldwide coupled with the increasing prevalence of chronic diseases such as orthopaedic, neurological diseases and cardiovascular are the major factors driving the market. Growing sports injuries and increasing cases of trauma and accident cases are positively influencing the market. Technological advancements and product launches are also spurring the market.
The market is bifurcated into type, applications, and region. In terms of type, titanium is expected to register the highest growth. Titanium, due to its biologically inert biomaterial nature, remains unchanged when it is placed inside the human body. Titanium, when contacts air or water forms a layer of titanium oxide. The surface layer protects the metal. It offers various benefits such as rigidity, strength and greater strain-bearing capacity when compared to other materials. Titanium is non-radio-opaque in nature and sticks easily to the bone. Such factors have driven the demand for titanium and have inflated the market.
In terms of application, orthopaedic segment is expected to dominate the market due to rising cases of orthopaedic disorders and increasing geriatric population globally. Factors such as better clinical outcomes and technological advancements have positively influenced the market. Increasing preference for minimally invasive procedure and rising accident cases have bolstered the demand for orthopaedics, thus expanding the market.
Based on regions, North America dictates the market growth. Government initiatives to promote efficient treatment facilities is boosting the presence of the market in the region. Growing preference for private and public healthcare organizations to promote advanced products imaging instruments is driving the market in the region. Rise of the geriatric population and the emergence of chronic ailments is stimulating the market in the region. In addition, the availability of advanced technologies and the presence of established companies are boosting the presence of the market in the region.
Asia-Pacific region is expected to be lucrative for manufacturers owing to the presence of a large patient pool and increasing geriatric population in nations like China and Japan. Furthermore, rising prevalence of chronic diseases alongside increasing health awareness is driving the market in the region. Growing per capita coupled with 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
By Application
By Region
Competitive Landscape:
FutureWise Key Takeaways:
Objectives of the Study:
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