Global Metal Implants And Medical Alloys Market 2021-2025 includes an elaborative summary of the market that provides in-depth knowledge of various segments of the market. The report focuses on the emerging trends in Global and regional spaces on all the significant components, such as market capacity, demand and supply, production, profit, and competitive landscape. The research evaluates the Global Metal Implants And Medical Alloys market size, growth scenario, potential opportunities, trend analysis, and competitive analysis of the market. Also, the report presents the impact of the Covid-19 pandemic on the Metal Implants And Medical Alloys market comparing it with the working of the market before covid-19 and suggestions related to growth Post-Covid-19.
The Metal Implants and Medical Alloys Market is expected to register a CAGR of 9.4% during the forecast period.
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Market Overview: –
A metal implant is a device that is used to replace a biological structure that has been damaged due to cartilage disorders, trauma, or bone disorders. The rising prevalence of degenerative joint diseases and the growing geriatric population are driving the growth of metal implants and the medical alloys market. According to the AAID (American Academy of Implant Dentistry), approximately 3 million people in the United States have dental implants, and this number is expected to grow by 500,000 annually. The increasing incidence of chronic diseases such as cardiovascular diseases, congenital disorders, neuropathic diseases, and osteoarthritis and the launch of technologically advanced products are the key driving factors in the metal implants and medical alloys market.
Competitive Landscape: –
The Metal Implants and Medical Alloys Market is fragmented, competitive, and consists of several market players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Carpenter Technology Corporation, Royal DSM, Johnson Matthey Plc, ATI Specialty Alloys & Components, Ametek Specialty Products, Aperam S.A., QuesTek Innovations LLC, and Fort Wayne Metals, Wright Medical Group, Zimmer Biomet Holdings, Inc.
Key Market Trends: –
Orthopedic Segment is Expected to Hold a Major Market Share in the Metal Implants and Medical Alloys Market.
– Orthopedic implants are used to replace missing joints or bone or to give support to the damaged bone. Orthopedic implants are fabricated by using titanium alloys and stainless steel for strength, and plastic coating acts as artificial cartilage.
– According to the Arthritis Research United Kingdom, it is estimated that around 17.8 million people live with a musculoskeletal condition in the United Kingdom, which is around 28.9% of the total population which leads to high demand for orthopedic implants.
– The orthopedic segment holds a major market share and is expected to grow significantly over the forecast period.
– Rising geriatric population, increasing incidence of osteoarthritis are the key driving factors in the orthopedic segment.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global metal implants and medical alloys market due to the increasing geriatric population in this region. According to the Centers for Disease Control and Prevention (CDC), by the year 2040, an estimated 78.4 million (25.9%) adults aged over 18 years will have doctor-diagnosed arthritis. Moreover, the rise in the adoption of advanced technologies in the metal implants and medical alloys market and the presence of well-established healthcare facilities are fueling the growth of the overall regional market to a large extent.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Metal Implants And Medical Alloys Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Metal Implants And Medical Alloys Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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