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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Metal Implants and Medical Alloys Market Outlook
The metal implants and medical alloys market reached a value of almost USD 14.97 billion in 2023 and is further expected to expand at a CAGR of 9.5% globally in the forecast period of 2024-2032.
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The orthopaedic applications segment, among others, is anticipated to grow at the fastest rate owing to the growing geriatric population, advances in medical technology, and the increasing incidences of chronic diseases such as osteoarthritis, cardiovascular diseases, neuropathic illnesses, and congenital disorders.
Market Segmentation
The metal implants and medical alloys industry can be divided based on segments like types and applications.
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The market is divided on the basis of its type into titanium, stainless steel, and cobalt chromium, among others. The market is broadly categorised based on its application into:
- Orthopaedic Applications
- Joint Reconstruction Devices
- Trauma Fixation Devices
- Spinal Implants
- 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
- Others
The EMR report looks into the regional metal implants and medical alloys markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Market Analysis
The rising geriatric and obese populations, the increasing number of road accidents and trauma cases globally, the growing demand for minimally invasive surgical procedures, and the increasing incidences of lifestyle disorders are some of the major factors accelerating the growth of the global metal implants and medical alloys industry. The titanium metal implants and medical alloys segment is anticipated to experience the highest growth rate over the forecast period, among other types, owing to its benefits such as high biocompatibility, strength, rigidity, higher strain-bearing ability, and corrosion resistance characteristics in comparison to other metals. It is in nature, non-allergic, non-magnetic, and non-radio-opaque and easily adheres to the bone without an extra layer. However, the high cost of metal implants and the shortage of skilled surgeons are some of the drawbacks due to which the growth of the market may get affected over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global metal implants and medical alloys market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Carpenter Technology Corporation
- Aperam S.A.
- Materion Corporation
- Supra Alloys Inc.
- Questek Innovations LLC
- Ametek Specialty Metal Products
- ATI Specialty Alloys & Components
- Fort Wayne Metals
- Johnson Matthey PLC.
- Royal DSM
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Applications |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global metal implants and medical alloys market attained a value of nearly USD 14.97 billion.
The market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
The major drivers of the market include rising geriatric and obese populations, the increasing number of road accidents and trauma cases.
Growing demand for minimally invasive surgical procedures, and the increasing incidences of lifestyle disorders are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types of the product include titanium, stainless steel, and cobalt chromium, among others.
The largest application segment of the market is the orthopaedic sector.
The major players in the industry are Carpenter Technology Corporation, Aperam S.A., Materion Corporation, Supra Alloys Inc., Questek Innovations LLC, Ametek Specialty Metal Products, ATI Specialty Alloys & Components, Fort Wayne Metals, Johnson Matthey PLC., and Royal DSM, among others.
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