Overview and Scope
Metal implants and medical alloys refer to the use of metallic materials in medical procedures and treatments, particularly in the fields of orthopedics, surgery and medical device manufacturing. These materials are used to create implants, devices and components that are inserted into the body to repair, support, or enhance various physiological functions.
Sizing and Forecast
The metal implants and medical alloys market size has grown rapidly in recent years. It will grow from $14.56 billion in 2023 to $16.25 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to aging population, orthopedic and dental procedures, rise in chronic diseases, trauma and accident cases.
The metal implants and medical alloys market size is expected to see rapid growth in the next few years. It will grow to $24.18 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to customization and personalization of implants, minimally invasive procedures, growth of dental implantology, rising neurostimulation devices. Major trends in the forecast period include technological advancements, digital health integration, sustainability and environmentally friendly alloys, collaboration and partnerships.
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Segmentation & Regional Insights
The metal implants and medical alloys market covered in this report is segmented –
1) By Material: Titanium; Stainless Steel; Cobalt Chromium; Other Materials
2) By Application: Cardiovascular Applications; Dental Applications; Spinal Fusion Applications; Cranio-Facial Surgeries; Orthopedic Reconstruction Surgeries; Other Applications
3) By End-User: Hospitals And Clinics; Ambulatory Surgical Centers; Other End-Users
North America was the largest region in the metal implants and medical alloys market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in metal implants and medical alloys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing number of road accidents is expected to propel the growth of the metal implants and medical alloys market going forward. A road accident involves a moving vehicle on a public road that causes fatal or non-fatal casualties. Metal implants and medical alloys are crucial in treating injuries sustained in road accidents. These implants stabilize broken bones, aid in healing and restore normal function to injured individuals. For instance, in May 2023, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, road crashes increased from 35,935 in 2020 to 39,508 in 2021. Due to road accidents, in 2021, 42,939 persons were killed in motor vehicle crashes. These fatalities happened in 39,508 collisions involving 61,332 motor vehicles. This represented a 10% increase in deaths over 2020. As a result, the increasing number of road accidents is driving the growth of the metal implants and medical alloys market.
Key Industry Players
Major players in the metal implants and medical alloys market are Medtronic PLC, Johnson Matthey PLC, Stryker Corporation, Kyocera Corporation, B. Braun Melsungen AG, Koninklijke DSM N.V., Aperam S.A., Zimmer Biomet Holdings Inc., Olympus Corporation, Smith and Nephew PLC, Dentsply Sirona Inc., ATI Specialty Alloys and Components, Carpenter Technology Corporation, Materion Corporation , Integra LifeSciences Holdings Corporation, NuVasive Inc., CONMED Corporation, Wright Medical Group, Fort Wayne Metals Research Products LLC, Ulbrich Stainless Steels & Special Metals Inc., Lisi Medical Jeropa Inc., Shanghai MicroPort Orthopedics Inc., DJO Global Inc., Ametek Specialty Metal Products Inc., Boston Centerless Inc., Anomet Products Inc., AAP Implantate AG, QuesTek Innovations LLC, Supra Alloys Inc., Syntellix AG.
The metal implants and medical alloys market report table of contents includes:
1. Executive Summary
- Metal Implants And Medical Alloys Market Characteristics
- Metal Implants And Medical Alloys Market Trends And Strategies
- Metal Implants And Medical Alloys Market – Macro Economic Scenario
- Global Metal Implants And Medical Alloys Market Size and Growth
- Metal Implants And Medical Alloys Market Segmentation
- Metal Implants And Medical Alloys Market Regional And Country Analysis
………………..
- Key Mergers And Acquisitions In The Metal Implants And Medical Alloys Market
- Metal Implants And Medical Alloys Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Metal Implants And Medical Alloys Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Metal Implants And Medical Alloys Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Metal Implants And Medical Alloys Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………….
Table 74: Medtronic plc Financial Performance
Table 75: Johnson Matthey plc Financial Performance
Table 76: Stryker Corporation Financial Performance
Table 77: Kyocera Corporation Financial Performance
Table 78: B. Braun Melsungen AG Financial Performance
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