Global Metal Implants and Medical Alloys Market – Industry Analysis and Forecast (2019-2027)
Global Metal Implants and Medical Alloys Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 9.8 % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increasing geriatric population, orthopedic, and neurological diseases, growing prevalence of chronic disorders like cardiovascular the launch of technologically enhanced products, the growing number of accident and trauma cases as well as sports-related injuries are the factors driving the growth of market. On the other hand, the high cost of implants and strict product approval process are expected to be limiting the growth of this market to a certain extent during the forecast period.
Based on type, the titanium segment is projected to register the highest CAGR during the forecast period. Titanium is a biologically inert biomaterial as it rests unchanged when implanted in the human body. It forms a surface layer of titanium dioxide when it interacts with air or water, which protects and stabilizes the metal, is one of the major factors fueling the market growth.
According to application segment, the orthopedic applications segment is projected to command the largest market share because of the growing global geriatric population, rising number of accident/trauma cases, growing prevalence of orthopedic disorders, increasing implementation of minimally invasive procedures, better clinical outcomes, and technological advancements.
Scope of Global Metal Implants and Medical Alloys Market:
Global Metal Implants and Medical Alloys Market by Type:
• Stainless Steel
• Cobalt Chrome
Global Metal Implants and Medical Alloys Market by Application:
• Spinal Fusion
• Shoulder Reconstruction
Global Metal Implants and Medical Alloys Market by Region:
• North America
• Asia Pacific
• South America
• Middle East & Africa
Key players operated in the market include:
• Carpenter Technology Corporation
• Royal DSM
• Johnson Matthey Plc
• ATI Specialty Alloys & Components
• Ametek Specialty Products
• Aperam S.A.
• QuesTek Innovations LLC
• Fort Wayne Metalsa
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
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