Metal Implants Medical Alloys Market Analysis

Metal Implants and Medical Alloys Market Scenario

The Metal Implants and Medical Alloys Market size is anticipated to reach USD 4.5 billion by 2032 at 8.4% CAGR during the forecast period 2023-2032. Metallic implants as a load-bearing component are widely selected for orthopedic prosthesis due to their superiority over traditional ceramic and polymeric biomaterials. Metal alloys typically offer higher strength, durability, and flexibility over the base metal. Few of the major market drivers are a surge in the number of road accidents & trauma cases worldwide, growing demand for minimally invasive surgical procedures, increasing geriatric and obese populations, and rising incidence of lifestyle diseases. For instance, the number of road traffic deaths continues to increase steadily, reached 1.35 million in 2016, increased from 1.15 million in 2000. On the flip side, high cost of metal implants is anticipated to restrict market growth during the forecast period.

Segmentation

The 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. The titanium segment is expected to hold the largest market share during the forecast period due to its high biocompatibility, strength, rigidity, higher strain-bearing capacity, and greater corrosion resistance properties when compared to other materials. It is non-magnetic, non-allergic, and non-radio-opaque, and it adheres easily to the bone without any additional coating.

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. The joint reconstruction devices segment has been further categorized into knee reconstruction devices, hip reconstruction device, shoulder reconstruction devices, and others. The trauma fixation devices segment has been additionally divided into metal plates & screws, wires, pins, nails, and rods. The spinal implants segment has been further classified into spinal fusion devices, spinal decompression devices, vertebral compression fracture devices, and motion preservation devices. The cardiovascular segment has been further categorized into stents, implantable cardiac pacemakers, implantable cardioverter defibrillators, guidewires, and mechanical heart valves. The dental segment has been classified into dental implants, orthodontic appliances, metallic bridges, and crowns. The craniofacial implants segment has been additionally segmented into cranial implants and facial implants. The orthopedic segment is expected to register comparatively higher CAGR over the forecast period due to growing elderly population; advancements in medical technologies; and the rising prevalence of chronic diseases including osteoarthritis (OA), cardiovascular diseases (CVDs), neuropathic diseases, and congenital disorders.

The metal implants and medical alloys market has been segmented on the basis of region into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The metal implants and medical alloys market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.

The European metal implants and medical alloys market has been segmented into Western Europe and Eastern Europe. The Western Europe metal implants and medical alloys market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The metal implants and medical alloys market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The metal implants and medical alloys market in the Middle East & Africa has been segmented into the Middle East and Africa.

Key Players

• Royal DSM


• Zimmer Biomet


• DePuy Synthes


• AMETEK Inc.


• Fort Wayne Metals Research Products Corp


• ATI Specialty Alloys & Components


• Aperam


• Wright Medical Group N.V.


• Materion Corporation


• Supra Alloys (TITAN Metal Fabricators, Inc.)

Regional Market Summary

Geographically, the Americas held substantial market share in 2018 due to the growing aging population and subsequent increase in the burden of chronic diseases, boosting demand for improved products and treatment services, increasing healthcare expenditure, and high accessibility to advanced technologies in countries such as the US and Canada. For instance, according to the Centers for Disease Control and Prevention (CDC), currently, 6 in 10 adults in the US have a chronic disease, and 4 in 10 adults in the US have two or more.

Europe would follow the Americas in terms of metal implants and medical alloys market size throughout the forecast period as Germany spends more on dental services than any other European country followed by Switzerland that makes it an attractive market for the dental implant industry. As per data published by the Parliament of Australia, in 2018, around Euro 80 billion was spent on dental treatment in the European Union. Given that there were 512.7 million EU citizens, which is equivalent to about Euro 156 per capita.

Asia-Pacific would represent the fastest growth for metal implants and medical alloys market owing to the presence of a large patient population, a surge in the number of trauma/accident cases, developing healthcare infrastructure, growing per capita income, and rising health awareness. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) report, in 2013, road traffic injuries were a leading cause of death and disability in the Asia and more than 733,000 deaths were caused during 2013.

The metal implants and medical alloys market in the Middle East & Africa would witness the modest market growth rate from 2019 to 2025. The Middle East would spearhead the market during the assessment period. A number of Middle Eastern countries are investing in the modernization of their healthcare systems, which is supporting the market growth.

Metal Implants and Medical Alloys Market, by Material Type

• Titanium


• Stainless Steel


• Cobalt-Chromium


• Others

Metal Implants and Medical Alloys Market, by Application

• Orthopedic
  
  
  
  • Knee Reconstruction Devices
  
  
  • Hip Reconstruction Devices
  
  
  • Shoulder Reconstruction Devices
  
  
  • Others
  
  
  • Metal Plates & Screws
  
  
  • Wires
  
  
  • Pins
  
  
  • Nails and Rods
  
  
  • Spinal Fusion Devices
  
  
  • Spinal Decompression Devices
  
  
  • Vertebral Compression Fracture Devices
  
  
  • Motion Preservation Devices
  
  
  • Joint Reconstruction Devices
  
  
  
  


• Trauma Fixation Devices
  
  
  
  • Spinal Implants
  
  
  • Cardiovascular
  
  
  • Stents
  
  
  • Implantable Cardiac Pacemakers
  
  
  • Implantable Cardioverter Defibrillators
  
  
  • Guidewires
  
  
  • Mechanical Heart Valves
  
  
  
  


• Dental
  
  
  
  • Dental Implants
  
  
  • Orthodontic Appliances
  
  
  • Metallic Bridges and Crowns
  
  
  • Craniofacial Implants
  
  
  • Cranial Implants
  
  
  • Facial Implants
  
  
  
  


• Neurological

Metal Implants and Medical Alloys Market, by Region

• Americas
  
  
  
  • North America
    
    
    
    • US
    
    
    • Canada
    
    
    
    
  
  
  • Latin America
  
  
  
  

• Europe
  
  
  
  • Western Europe
    
    
    
    • Germany
    
    
    • France
    
    
    • Italy
    
    
    • Spain
    
    
    • UK
    
    
    • Rest of Western Europe
    
    
    
    
  
  
  • Eastern Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • Japan
  
  
  • China
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Middle East & Africa
  
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

Intended Audience

• Manufacturers and distributors of metal implants and medical alloys instruments and consumables


• Medical devices suppliers


• Venture capitalists


• Medical devices companies


• Research and academic institutes


• Healthcare facilities


• Association and government bodies


• Market research and consulting service providers


• Corporate entities