Global Metal Implants and Medical Alloys
Market Report
2024
The global metal implants and medical alloys were valued at USD 14.63 billion in 2022 and are projected to reach USD 30.25 billion by 2030, registering a CAGR of 9.5% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global metal implants and medical alloys were valued at USD 14.63 billion in 2022 and are projected to reach USD 30.25 billion by 2030, registering a CAGR of 9.5% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Metal Implants and Medical Alloys Market Sales Revenue 2022 | $ 14.63 Billion |
Global Metal Implants and Medical Alloys Market Sales Revenue 2030 | $ 30.25 Billion |
Global Metal Implants and Medical Alloys Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 9.5% |
Market Split by Type |
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Market Split by Application |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Metal Implants and Medical Alloys Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The metal implants and medical alloys market is expected to grow in the forecast period owing to driving factors such as a growing number of accidental cases, rising geriatric patients, increase in the prevalence of chronic diseases. Devices implanted into the human body can replace, support, or enhance an existing body part. Metal implants have been used in manufacturing orthopedic implants in various forms. Metal implants have been used in manufacturing orthopedic implants in various forms. Permanent joint replacement or temporary implant devices are used to relieve issues with joints and bones. Dental implants provide a stable base for oral prosthetics such as crowns, dentures, and broader facial prostheses. Sensory and neurological Implants are implantable devices connected to the nervous system to record electrical nerve activity and electrically stimulate nerve cells that would improve dysfunctional senses. Retinal Prosthetics are fitted with sensors that trigger an electronic pulse. This pulse then stimulates nerves in the retina, which pass signals down the optic nerve to the brain to create an image. Cardiovascular implants are used in conditions like disorders of the heart, its valve, and the circulatory system. Also in artificial heart valves, cardiac pacemakers, coronary stents, and defibrillators. Titanium, austenitic stainless steel, and martensitic stainless steel are the most popular choices of alloy for medical devices and implants. NiTi is one of the most important alloys used in biomedical applications. this alloy combines the characteristics of shape memory effect and superelasticity.
Elderly patients are most likely to suffer from various degenerative joint diseases. Therefore, they are most likely to prefer joint replacement surgeries to cure joint diseases. According to WHO, one out of every six people is expected to be aged more than 60 years by 2030. The use of metal implants and medical alloys is increased as a replacement for damaged or missing bones, joints, and tissues. The older ones are more susceptible to diseases like osteoporosis, osteopenia, diabetes, xerostomia, stress-related bruxism, chronic advanced periodontal disease, and loss of mental cognition which leads to an increase in the surgical placement of implants. Also, elderly patients prefer implant therapy to replace missing teeth. The diseases like osteoporosis which leads to fractures and weak bones. A higher percentage of older women are susceptible to this condition.
The growth in the metal implant and medical alloy market is majorly driven by an increase in road traffic accidents. According to the National Crime Records Bureau (NHTSA), in 2021 about 10.5% of road accident cases will increase from 2020. Trauma implants are medical implants used to repair fractures and other traumatic injuries of the bone, such as those of the shoulders, legs, arms, or skull. For the implant pins/wires, Interlocking nails, plates, and screws production is also increased is one of the major factors for the market growth. Also, the rise in the growing incidence of traumatic injuries in adventure sports leads to a growth in demand for implants for head injuries. R&D in sports traumatology and the high prevalence of head and neck injuries in sports are positively influencing the market.
The risk factors of the dental implant are affecting the metal implant and medical alloy market negatively. Titanium is a majorly used alloy for the dental implant which is hypersensitive and leads to symptoms of implant rejection. Biofilm formation and corrosion are situations that also can occur additionally. Fretting, galvanic, and pitting are the types of corrosion associated with metallic implants. Corrosion of the titanium leads to an effect on the mechanical stability of the implant. Production of metallic debris may induce a hypersensitivity reaction. Also, implants provide the surface for the formation of biofilms which leads to infection.
The release of metal ions from the metallic parts to the body fluids is the effect of tribocorrosion degradation. These releases of the metal ion affect the safety and biocompatibility. A large number of metal ions could be harmful to human health and will lead to severe complications, tissue inflammations, and implant failure. Stainless steel is primarily used in orthopedic implants because of its mechanical strength and property of bending and shaping; however, the major disadvantage of stainless ions is released corrosion products. Stainless steel mainly releases nickel, chromium, and iron ions. Specially nickel causes strong immunological reactions and hypersensitivity reactions, moderate cytotoxicity, asthma, and contact dermatitis. However, mechanical or electro-polishing of the surface of the implant helps to prevent it from the debris which occurs from manufacturing as well as microbiological contamination.
The novel coronavirus has witnessed a significant impact on the metal implants and medical alloys market. The government announced a lockdown at an early stage of the pandemic to avoid the spread of the disease. The number of endoscopic procedures was reduced in 2020 due to the COVID-19 pandemic in contrast to 2019. The healthcare system was badly affected due to a swap in diagnostic procedures and a rising patient influx. Metal implant surgeries were postponed that were scheduled earlier considering them as nonurgent because the procedure may cause infection or COVID to the person, medical personnel, or other patients and that loss would be considered big.
Post-pandemic, surgical care was provided to the patients by healthcare facilities as COVID-19 cases started declining. The number of metal implant procedures also increased, gradually bringing the number of procedures back to the pre-pandemic period.
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Two new titanium strip grades 9 and 23 are announced to add to their product portfolio. are able to produce a thin strip that offers external charging capabilities for implanted medical devices.
Rosie's Base is the only supplier of nanoTI, a titanium alloy. The agreement with SpineCraft calls for the companies to investigate the effectiveness and compatibility of nanoTi in the manufacture of spinal implant rods.
Top Companies Market Share in Metal Implants and Medical Alloys Industry: (In no particular order of Rank)
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Due to the increasing technological advancement, growing product launches, partnerships with leading companies, and modern infrastructure in that region. The rising geriatric population in that region who are prone to chronic diseases give more preference to endoscopic procedures which are minimally invasive and also improved infrastructure of healthcare is further boosting the market growth in the region.
The metal implant and medical alloy market in the Asia Pacific is expected to grow over the forecast period due to the increasing population of people infected with dental disorders. The population in India is becoming more concerned about oral health, decay, and cavities. According to the Ministry of Health and Family Welfare, 85% of periodontal disease and 60% are affected by dental caries as a result, the demand for metal implantation is growing in this region.
The current report Scope analyzes Metal Implants and Medical Alloys Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Metal Implants and Medical Alloys Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Metal Implants and Medical Alloys Industry growth. Metal Implants and Medical Alloys market has been segmented with the help of its Type, Application End-User, and others. Metal Implants and Medical Alloys market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Titanium implants account for the largest share of the market
Based on type, the metal implant and medical alloy market is segmented into Cobalt, Chrome, Stainless steel, and Titanium. The titanium implant is dominating the market by contributing the largest market share. Hard-tissue compatibility, corrosion resistance, bone formation, bone-bonding ability, and excellent mechanical properties are propelling the growth of the market. Titanium is widely used in medical implant and dental implant devices such as spinal fixators, artificial joints, and bone fixators. Acid etching, acid-alkali treatment, anodization, and plasma spraying hybrid techniques are the techniques used to improve bioactivity and surface modification which leads to the growth of titanium implant preference in dental implants.
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Orthopedic segment applications dominate the market during the forecast period
By application, the market is bifurcated into Dental, Spinal Fusion, Craniofacial, stent, Orthopaedic, Defibrillator, knee, Shoulder, and Hip Reconstruction. The Orthopaedic segment was the leading segment which accounted for the highest market share in 2022. The high share is because of the increase in the cases of trauma and road accidents and the rise in the elderly population. Growing advancement in the technologies in metal implants is driving the orthopedic segment market. In March 2022, new implant material was presented by Stryker, the Klassic Knee implant, Aurum, modernized technology for implant coating. All the above-mentioned factors are expected to boost market growth in the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Metal Implants and Medical Alloys market report 2024 Edition by contacting our team.
The hospital segment accounted for the largest revenue share in the global market
Based on end-users, the market is divided into ambulatory surgery centers, hospitals, and other end-users. In 2022, the hospital segment held the largest market share in revenue. Hospitals and laboratories are the primary sectors of Research & Development (R&D) activities to improve the efficiency of therapeutics.
The rise in hospital preference by the population for dental implants, joint replacements, spinal fusion, and trauma implants boosted the growth of the segment. As the number of surgeries and procedures are carried out in the hospitals which further support the segment growth.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Metal Implants and Medical Alloys Market is witnessing significant growth in the near future.
In 2023, the Cobalt segment accounted for noticeable share of global Metal Implants and Medical Alloys Market and is projected to experience significant growth in the near future.
The Dental implant segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Carpenter Technology Corporation , Johnson Matthey Pic and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Cobalt, Chrome, Stainless steel, Titanium, Magnesium, Tantalum and composites |
Application | Dental implant, Spinal Fusion, Craniofacial, stent, Orthopedic implant, Defibrillator, Knee & Shoulder replacement, Hip Reconstruction |
End-User | Hospitals, Clinics, Ambulatory surgical Centres |
List of Competitors | Carpenter Technology Corporation, Royal DSM, Johnson Matthey Pic, ATI Specialty Alloys & Components, Ametek Specialty Products, Aperam S.A., QuesTek Innovations LC, Fort Wayne Metals, Others |
This chapter will help you gain GLOBAL Market Analysis of Metal Implants and Medical Alloys. Further deep in this chapter, you will be able to review Global Metal Implants and Medical Alloys Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Metal Implants and Medical Alloys Market Trends North America Metal Implants and Medical Alloys Technological Road Map North America Metal Implants and Medical Alloys Market Drivers North America Metal Implants and Medical Alloys Market Restraints North America Metal Implants and Medical Alloys Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Metal Implants and Medical Alloys market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cobalt have a significant impact on Metal Implants and Medical Alloys market? |
What are the key factors affecting the Cobalt and Chrome of Metal Implants and Medical Alloys Market? |
What is the CAGR/Growth Rate of Dental implant during the forecast period? |
By type, which segment accounted for largest share of the global Metal Implants and Medical Alloys Market? |
Which region is expected to dominate the global Metal Implants and Medical Alloys Market within the forecast period? |
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