Metal Implants and Medical Alloys Market is Presumed to Record at 9.1 % CAGR

Posted by Shrikant Gadewar on November 22nd, 2019

Market Highlights:

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. An alloy is a substance made by melting two or more elements together. Several alloys have medical applications, such as those used for prostheses and in dental amalgams.In addition, growing geriatric population along with rising burden of lifestyle-associated diseases and increasing technological advancements in the devices are likely to support the market growth. For instance, as per the statistics published by World Health Organization (WHO), the number of road traffic deaths continues to rise steadily, reached to 1.35 million in 2016, increased from 1.15 million in 2000.

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Key Players:

·         Royal DSM

• DePuy Synthes
• Wright Medical Group N.V.
• Zimmer Biomet
• AMETEK Inc
• ATI Specialty Alloys & Components
• Fort Wayne Metals Research Products Corp
• Aperam
• Materion Corporation

Segmentation:

·         The global metal implants and medical alloys market has been segmented into material type, application, and region.

• By material type, the market has been segmented into titanium, stainless steel, cobalt-chromium, and others.
• Based on application, the global metal implants and medical alloys market has been classified into orthopedic, cardiovascular, dental, craniofacial implants, and neurological. The orthopedic segment has been further classified into joint reconstruction devices, trauma fixation devices, and spinal implants.

Regional Segmentation:

The global metal implants and medical alloys market has been categorized on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.