14-May-2024 | Zion Market Research
As per Zion Market Research, the global Metal Implants and Medical Alloys Market is predicted to cross USD 39.91 billion by 2032 with a CAGR of 10.72%. The market was valued at USD 16.12 billion in 2023. Features such as the increasing elderly population, the rising number of accidental/trauma cases, and the rising occurrence of chronic disease are powering the development of the market.
The major companies in the metal implants and medical alloys market are Royal DSM, ATI Specialty Alloys & Components, Johnson Matthey Plc, Aperam S.A., Ametek Specialty Products, Fort Wayne Metals, Carpenter Technology Corporation, and QuesTek Innovations LLC.
Orthopedic Applications Segment Projected To Develop At The Maximum CAGR From 2024 To 2032
On the basis of applications, the orthopedic applications section is projected to develop at the maximum CAGR in the years to come owing to enhancements in medical techs; the increasing elderly population; and the rising cases of chronic diseases such as cardiovascular diseases, osteoarthritis, congenital disorders, and neuropathic diseases.
Titanium Segment To Grow With The Maximum Pace In The Years To Come
Based on type, the titanium section is projected to see the maximum development in the years to come. The huge share of the titanium section can be credited to benefits such as high rigidity, strength, biocompatibility, greater corrosion resistance characteristics, and greater strain-bearing capacity than other substances. It is non-magnetic, non-allergic, and non-radio-opaque in nature. Hence, it adheres with ease to the bone without any extra coating.
The Global Market In The Asia Pacific Projected To Develop With Maximum CAGR In The Coming Years
The market in the Asia Pacific is projected to develop at the maximum CAGR from 2024 to 2032. Development in the Asia Pacific region is majorly powered by the enhanced healthcare infrastructure, the existence of an enormous patient population, rising health awareness, increasing per capita revenue, and an elevation in the cases of accident/trauma incidents.
Browse the full “Metal Implants And Medical Alloys Market By Type (Titanium, Stainless Steel, Cobalt Chromium, and Others), By Application (Orthopedic, Cardiovascular, Dental, Craniomaxillofacial, and Neurological), and By Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/metal-implants-and-medical-alloys-industry
The global metal implants and medical alloys market is segmented as follows:
By Type
By Application
By Region
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