You are currently viewing Global Medical Implants and Medical Alloys Market to be Driven by the Rapid Scientific Developments and Growing Geriatric Population in the Forecast Period of 2021-2026

Global Medical Implants and Medical Alloys Market to be Driven by the Rapid Scientific Developments and Growing Geriatric Population in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Medical Implants and Medical Alloys Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global medical implants and medical alloys market, assessing the market based on its segments like type, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

 

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/metal-implants-and-medical-alloys-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 11.4 Billion
• Forecast CAGR (2021-2026): 9.5%

Ageing population is leading to an increase in the demand for medical implants. For instance, of the 100,000 hip replacements carried out in England, Wales, and Northern Ireland in 2017, 80% of them were for people aged above 60 years of age. Moreover, the market for medical implants is also driven by the rapid scientific developments taking place in terms of materials, miniaturisation of electronics, and battery capacity. For instance, titanium is often used to make implants for dental surgery, however, in recent times, it is also being used for other medical uses, such as for hip implants instead of stainless steel. In the historical period, Japanese scientists have developed titanium fibre plates for supporting broken bones instead of using conventional titanium plates as the former is much safer compared to the latter. Such developments are invigorating the market further.

Industry Definition and Major Segments

Special metal alloys are used in the health and medical industry for common treatments including joint replacement, pacemakers and stents. These medical alloys include titanium and stainless steel. Medical implants are devices made up of these synthetic materials to be placed inside the human body for medical purposes. They are utilized to replace body parts like hip or knees, for delivering medication or regulate body functions and provide support to organs and tissues.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/metal-implants-and-medical-alloys-market

On the basis of type, the market is segmented into:

• Titanium
• Stainless Steel
• Cobalt Chromium
• Others

Based on applications, the market is divided into:

• Orthopaedic Applications

o Joint Reconstruction Devices
o Trauma Fixation Devices
o Spinal Implants

• Cardiovascular Applications

o Stents
o Implantable Cardioverter Defibrillators
o Implantable Cardiac Pacemakers
o Guidewires
o Mechanical Heart Valves

• Dental Applications

o Dental Implants
o Orthodontic Appliances
o Metallic Bridges and Crowns

• Craniofacial Implants

o Facial Implants
o Cranial Implants

• Others

The major regional markets include:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Market Trends

Owing to factors such as growing percentage of geriatric and obese population, rising incidences of road accidents, and desirability for minimally invasive surgical procedures are together accelerating the market for metal implants and medical alloys, globally. The demand for titanium metal implants and medical alloys is expected to lead in terms of growth rate in the forecast period given its range of advantages such as high biocompatibility, strength, rigidity, higher strain-bearing, and corrosion resistance. Additionally, it also exhibits non-allergic, non-magnetic, and non-radio-opaque properties and rests along the bone without the need for an extra layer. Such factors stimulate the market for these advanced metal implants or alloys.

Key Market Players

The major players in the market are Carpenter Technology Corporation, Aperam S.A., Materion Corporation, Supra Alloys Inc., Questek Innovations LLC, Ametek Specialty Metal Products, ATI Specialty Alloys & Components, Fort Wayne Metals, Johnson Matthey PLC, Royal DSM, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Related Reports:

Global Metal Forging Market: https://www.expertmarketresearch.com/reports/metal-forging-market

Global Medical Tapes and Bandages Market: https://www.expertmarketresearch.com/reports/medical-tapes-and-bandages-market

Global Managed Pressure Drilling Services Market: https://www.expertmarketresearch.com/reports/managed-pressure-drilling-services-market

Global Malignant Mesothelioma Therapeutics Market: https://www.expertmarketresearch.com/reports/malignant-mesothelioma-therapeutics-market

Global Malaria Diagnostics Market: https://www.expertmarketresearch.com/reports/malaria-diagnostics-market

Global Liquid Crystal Tunable Filters Market: https://www.expertmarketresearch.com/reports/liquid-crystal-tunable-filters-market

Global LED Light Engine Market: https://www.expertmarketresearch.com/reports/led-light-engine-market

Global Laboratory Information System Market: https://www.expertmarketresearch.com/reports/laboratory-information-system-market

Global Genomics Market: https://www.expertmarketresearch.com/reports/genomics-market

Global General Surgical Devices Market: https://www.expertmarketresearch.com/reports/general-surgical-devices-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com

To get more insights on the topic, click here: https://expertmarketresearch-emr.blogspot.com/

Also, Check Procurement Intelligence which provides you Infallible research solutions.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.