Metal Implants and Medical Alloys Market Trends, Growth, Demand, Analysis & Forecast to 2025

The global metal implants and medical alloys market is estimated to grow at a significant CAGR of 7.6% during the forecast period. The growing number of road accidents and trauma injuries, increasing demand for minimally invasive surgeries and others are the major factors that are driving the market growth. There is a significant rise in the adoption of minimally invasive surgeries, which is supporting the use of new metal implants and medical alloys by considering efficacy and safety associated with the device. Moreover, rising incidences of lifestyle-oriented diseases such as cardiovascular disease (CVD), and others have been observed across the globe that further propels the market growth. Lack of physical inactivity, low awareness, smoking, and alcohol consumption are some major factors accounted for the rise in such diseases across several countries.

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The key players of the market include Allegheny Technologies (ATI), Aperam group, Carpenter Technology Corp., Johnson Matthey Plc, and OC Oerlikon Corporation AG.

The global metal implants and medical alloys market is classified on the basis of type and application. Based on type, the market is further segmented into stainless steel, titanium, and cobalt-chromium. The titanium segment is estimated to hold a significant share in the market. The titanium materials are widely used for medical implants due to their benefits such as better corrosion resistance as compared to the other materials. On the basis of the application, the market is further segmented into orthopedics, cardiovascular, dental, craniofacial implants and neurological. The metal implants and medical alloys have a significant rise in cardiovascular applications due to rising CVD and heart-related diseases coupled with growing surgeries across the globe.

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The orthopedics application segment is projected to contribute significant share in the market due to the high use of the metal implants and medical alloys in orthopedics implants such as joint reconstruction implants, trauma implants, and others. additionally, the growing orthopedic diseases further contribute to the growth of the segmental market. Orthopedics referred to medical specialty concerned with the diseases and injuries involving the musculoskeletal system. Orthopedic specialists adopt both surgical and non-surgical medium for the treatment of spine diseases, musculoskeletal trauma, tumors, congenital disorders, and degenerative diseases.

Market Segmentation

Global Metal Implants and Medical Alloys Market by Type

o Stainless Steel
o Titanium
o Cobalt chromium

Global Metal Implants and Medical Alloys Market by Application

o Orthopedics
o Cardiovascular
o Dental
o Craniofacial Implants
o Neurological

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