The metal implants and alloys market was valued at USD 11.97 Billion in 2019 and is expected to reach USD 23.96 Billion by the year 2028, at a CAGR of 9.00%. Metal implants and medical alloys are extensively used in the healthcare sector for the recovery of damaged body parts and replacing those parts using metal implants. The metal implants are designed to work as the repaired body part and continue the proper functioning of the body. The effects of aging, such as bone fractures due to low bone density are reduced using these implants. The increasing amount of geriatric population has consumed a huge share in the market. This population is more acquainted with accidental fractures, orthopedic diseases, and cardiovascular diseases owing to the large share. In a study published by the American Academic Orthopedic Surgery, 2.5 million femur fractures occur annually and the number is expected to reach double in 2050. The rising number of sports injuries among teens and children has also anticipated market growth. The sports injury Stanford children health statistics states that more than 3.5 million injuries occur in the U.S. every year.
The North American region is expecting a higher market values due to innovations and technological advancements in regions like the U.S. and Canada. The emerging number of hospitals and trauma centers in the developing regions, significantly in the Asia Pacific, is a crucial driver of the market.
The lack of trained professionals is a restraint for the market. The metal implant surgeries are complex and risky as these implants may cause severe trauma to the patient if the medical procedure fails. Also, the cost of medical implants is quite high, which would significantly hamper the growth of the market. Lack of awareness about such implants in developing countries is a challenge for the market.
Top Companies Profiled in the Report Include:
Royal DSM, Johnson Matthey Plc, Fort Wayne Metals, AMETEK Inc., QuesTek Innovations LLC, ATI Specialty Alloys and Components, Aperam S.A., Materion Corporation, and Supra Alloys (TITAN Metal Fabricators, Inc.).
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Further key findings from the report suggest
Various new combinations of technologies such as wireless and high frequency technologies, monitoring, recording and others are collaborated with medical implants owing to the growth of the market. Furthermore, implants fitted using energy or power source such as a battery called as active implants are being developed by companies. Neuroprosthetics is a huge field in the metal implants under research and development. For instance, Cortec has developed a closed loop system which measures and stimulates the activity of brain. Additive manufacturing or 3-D printing is escalating the development in implants. A company called Tsunami Medical S.r.l in Italy has developed custom spine cages. Spine cages, used for leveling and relieving pressure on spine, are made using titanium and additive manufacturing. Although titanium is a widely used metal for developing these cages, it is more rigid than bones and has shown to affect the bone structure. The metal alloy Niobium is in growing interest in the market owing to the metal’s inertness and physiological compatibility. It is significantly used in pacemaker devices for the heart Regionally, North America consumed the largest share in the market. The reason for the same is expected to be the rise in chronic disorders in the region. For instance, 1.05 million people have had coronary events in 2019 in the US according to American College of Cardiology.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
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Additionally, the report consists a detailed analysis of the segmentation of the Metal Implants And Medical Alloys market based on product types and end-use/application offered in the Metal Implants And Medical Alloys market.
By Type Outlook (Revenue in Million USD; 2020–2028)
· Titanium
· Stainless Steel
· Cobalt- Chromium alloys
· Other metals
o Gold
o Silver
o Magnesium alloys
Application Outlook (Revenue in Million USD; 2020–2028)
· Orthopedic reconstruction surgeries
o Knee Reconstruction
o Shoulder Reconstruction
o Joint Reconstruction
o Hip Reconstruction
o Others
· Cardiovascular Applications
o Defibrillators
o Pacemakers
o Stents
o Mechanical Heart Valves
o Guidewires
· Trauma Fixation Devices
o Metal Plates & Screws
o Wires
o Nails & Rods
· Dental Applications
o Metal Bridges
o Dental Implants
o Orthodontic application
· Spinal Implant
o Motion Preservation Devices
o Vertebral Compression Fracture Devices
o Spinal Decompression Devices
· Cranio-facial surgeries
· Neurological surgeries
End-use Outlook (Revenue in Million USD; 2020–2028)
· Hospitals
· Clinics
· Ambulatory surgery centers
· Others
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Metal Implants And Medical Alloys market in these key regions.
Country-wise regional analysis covers:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
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Market growth is largely driven by the rapidly growing global geriatric population.
The elderly are more susceptible to various diseases and disorders such as orthopedic, dental, neurological, and cardiovascular disorders, owing to which, growth in the geriatric population will result in an increase in the demand for implants.
The growing number of accidents and sports-related injuries and the increasing launch of technologically advanced products are also major factors supporting market growth.The global Medical Alloys Market is projected to reach USD 17.6 billion by 2024 from USD 11.2 billion in 2019, at a CAGR of 9.4%.Ask for PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=256117768 By type, the titanium segment is expected to account for the largest share of the metal implants and medical alloys market in 2019On the basis of type, the titanium segment is expected to account for the largest share of the metal implants and medical alloys market in 2019.
The large share of this segment can be attributed to the advantages offered by titanium, such as high biocompatibility, strength, rigidity, greater strain-bearing capacity, and greater corrosion-resistance properties as compared to other materials.
Moreover, it is non-allergic, non-magnetic, and non-radio-opaque, and adheres easily to the bone without any additional coating.By application, the orthopedic applications segment is expected to grow at the highest CAGR during the forecast period (2019–2024)Based on application, the metal implants and medical alloys market is segmented into orthopedic, cardiovascular, dental, craniomaxillofacial, and neurological applications.
The orthopedic applications segment is expected to grow at the highest CAGR in the metal implants and medical alloys market during the forecast period owing to the growing incidence of orthopedic disorders such as osteoporosis and arthritis, which result in a large patient pool for orthopedic implant procedures.North America to dominate the metal implants and medical alloys market in 2019North America is expected to account for the largest share of the metal implants and medical alloys market in 2019, followed by Europe and the Asia Pacific.
The global metal implants and medical alloys market size accounted for USD 10,310.0 million in 2018 and is projected to register a CAGR of 9.1% over the forecast period.
Metal has been used widely in the orthopedic implants manufacturing in a multitude of different forms.
Implants made from titanium, cobalt, iron, chromium, and tantalum are generally used.
Implants assist in replacing a biological structure that has been damaged due to trauma or bone and cartilage disorders.
Several alloys have medical applications, such as those used for prostheses and in dental amalgams.Request Sample Copy: https://www.marketresearchfuture.com/sample_request/8221The worldwide surge in the number of road accidents & trauma cases coupled with mounting demand for minimally invasive surgical procedures is expected to drive the market growth during the assessment period.
The titanium segment is dominated market in 2018 as the titanium is used from head to toe in biomedical implants and is often used in the body due to titanium's biocompatibility and with surface modifications, bioactive surface.
The rising cases of road traffic accidents and chronic disorders have fueled the metal implants and medical alloys market.
The market is estimated to grow at a high CAGR in the forecasted period.Market Size – USD 9.94 Billion in 2018, Market Growth - CAGR of 9.2%, Market Trends– Various companies are entangled into acquisitions which have generated innovative trends leading to the growth of the market.
The sports injury Stanford children health statistics states that more than 3.5 million injuries occur in the U.S. every year.The North American region is expecting a higher market values due to innovations and technological advancements in regions like the U.S. and Canada.
The emerging number of hospitals and trauma centers in the developing regions, significantly in the Asia Pacific, is a crucial driver of the market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2472The report provides a complete analysis of the global Metal Implants And Medical Alloys market with important details about the key market players from insightful primary and secondary research data.
The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.The key companies profiled in the market are: Carpenter Technology Corporation, Royal DSM, Johnson Matthey Plc, Fort Wayne Metals, AMETEK Inc., QuesTek Innovations LLC, ATI Specialty Alloys and Components, Aperam S.A., Materion Corporation, and Supra Alloys (TITAN Metal Fabricators, Inc.).For the purpose of this report, Reports and Data has segmented the metal implants and medical alloys market on the basis of type, application, end use and region:By Type Outlook (Revenue in Million USD; 2016–2026)TitaniumStainless SteelCobalt- Chromium alloysOther metalsGoldSilverMagnesium alloysApplication Outlook (Revenue in Million USD; 2016–2026)Orthopedic reconstruction surgeriesKnee ReconstructionShoulder ReconstructionJoint ReconstructionHip ReconstructionOthersCardiovascular ApplicationsDefibrillatorsPacemakersStentsMechanical Heart ValvesGuidewiresTrauma Fixation DevicesMetal Plates & ScrewsWiresNails & RodsDental ApplicationsMetal BridgesDental ImplantsOrthodontic applicationSpinal ImplantMotion Preservation DevicesVertebral Compression Fracture DevicesSpinal Decompression DevicesCranio-facial surgeriesNeurological surgeriesEnd-use Outlook (Revenue in Million USD; 2016–2026)HospitalsClinicsAmbulatory surgery centersOthersBrowse Complete Report “Metal Implants And Medical Alloys Market” @ https://www.reportsanddata.com/report-detail/metal-implants-and-medical-alloys-marketThe report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region.
In-depth regional analysis covers: North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaA.E.Rest of MEAThe report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts.
