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Steady Expansion Forecast for Metal Implants And Medical Alloys Market, Projected to Reach $26.83 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsMetal Implants And Medical Alloys Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for metal implants and medical alloys has seen swift expansion in the past few years. Its growth is projected to escalate from $16.25 billion in 2024 to $18.1 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 11.4%. Factors contributing to the growth during the historical period include the aging population, an increase in orthopedic and dental procedures, a surge in chronic diseases, and a high number of trauma and accident incidents.
Metal Implants And Medical Alloys Market Size Forecast: What's the Projected Valuation by 2029?
The market size of metal implants and medical alloys is projected to experience a swift increase in the upcoming years, expanding to a valuation of $26.83 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The predicted growth during the forecast period is potentially due to the tailoring and personalization of implants, growth in the field of dental implantology, increasing use of neurostimulation devices and the adoption of minimally invasive procedures. Key trends anticipated during the forecast period encompass technological evolution, integration of digital health, sustainable and eco-friendly alloys, as well as cooperation and partnerships.
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What Are the Drivers Transforming the Metal Implants And Medical Alloys Market?
The escalation in road accidents are predicted to spur the expansion of the market for metal implants and medical alloys. Road accidents, which may result in fatal or non-fatal injuries, involve moving vehicles on public roadways. The increase in such accidents is attributed to causes like distracted and speedy driving, bad road conditions, and a surge in vehicle numbers. In treating road accident injuries, metal implants and medical alloys play a vital role, offering sturdy support for bone fixing and helping expedite recovery. For instance, the International Transport Forum (ITF), a France-based intergovernmental organization, reported in September 2023 that Canada saw an increase of 47 fatalities from 106 road deaths in January 2022 to 153 by December 2022. Subsequently, the rise in road accidents is fuelling demand in the metal implants and medical alloys market. Metal Implants And Medical Alloys Market Driver: Surge in Cardiovascular Disorders Boosting Market Growth
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What Long-Term Trends Will Define the Future of the Metal Implants And Medical Alloys Market?
Trend 1.
Text: Many key players in the metal implants and medical alloys market are concentrating their efforts on creating novel treatments, such as foot and ankle plating systems, for the management of foot and ankle ailments. These systems, which involve the placement of metal plates and screws, operate as a surgical solution, providing support and stabilization to foot and ankle fractures or deformities. For instance, in September 2023, MiRus LLC, a medical device company based in the U.S with significant proprietary implant and procedural solution technologies, introduced the ATLAS MoRe Foot and Ankle Plating System. This system, newly introduced by MiRus, LLC, has a modular design suitable for customizable fixation, depending on individual patient needs. It boasts a unique locking system that improves strength and stability, and low-profile plates facilitate a better fit, reducing irritation to the soft tissue. Furthermore, the system is easy to use during surgical procedures, promoting efficiency and enhancing results.
Innovation Drives Enhancements in Metal Implant Performance
In the metal implants and medical alloys market, firms are leveraging cutting-edge technologies such as aurum technology, to gain a competitive advantage. This technology is applied in an orthopedic implant with a titanium nitride surface, which is solidly bonded to a titanium substrate. Take for example, Total Joint Orthopedics Inc., a medical device company based in the U.S., which in March 2022, launched a klassic knee system incorporating aurum technology. This advanced replacement implant is a titanium alloy coated with aurum technology, a type of titanium nitride coating that enhances the wear and corrosion resistance of metal implants. It provides an effective, high-quality knee replacement option, designed to deliver a more durable, longer-lasting total knee replacement. It considerably reduces friction between the implant and surrounding tissues, enhancing implant function and reducing potential complications. Such technology aims to minimize the dependence of orthopedic implants on cobalt chrome.
Which Segments in the Metal Implants And Medical Alloys Market Offer the Most Profit Potential?
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
Subsegments:
1) By Titanium: Titanium Alloys, Titanium Implants
2) By Stainless Steel: 316L Stainless Steel, 304 Stainless Steel, Other Stainless Steel Grades
3) By Cobalt Chromium: Cobalt Chromium Alloys, Cobalt Chromium Implants
4) By Other Materials: Zirconium, Nickel Titanium (Nitinol), Magnesium Alloys, Other Biocompatible Alloys
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Which Firms Dominate the Metal Implants And Medical Alloys Market by Market Share and Revenue in 2025?
Major companies operating 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.
Which Regions Offer the Highest Growth Potential in the Metal Implants And Medical Alloys Market?
North America was the largest region in the metal implants and medical alloys market in 2024. 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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