Market Overview:
The global biomedical metal market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for implants, surgical instruments, and dental applications. Stainless steel is the most commonly used type of metal in biomedical applications owing to its properties such as corrosion resistance and strength. Titanium is also a popular choice for medical devices owing to its biocompatibility and lightweight properties. Cobalt-based alloys are also used in medical devices as they have high strength and wear resistance properties. North America dominates the global biomedical metal market due to the presence of key players such as Johnson & Johnson (US), Zimmer Biomet Holdings Inc (US), Stryker Corporation (US), Medtronic plc (Ireland), Smith & Nephew plc (UK) and others.
Product Definition:
A biomedical metal is a type of metal that is used in medical devices and equipment. Biomedical metals are often used in implants, prostheses, and other medical devices. They are also sometimes used in surgical tools and equipment. Biomedical metals are important because they can help to improve the safety and efficacy of medical procedures.
Stainless Steel:
Stainless steel is a widely used biomedical material owing to its various properties such as corrosion resistance, high tensile strength, and flexibility. It has been observed that the majority of stainless steels have good biocompatibility in terms of their effect on biological tissues when exposed to physiological conditions. Stainless steel can be segmented into ferritic, austenitic and martensitic grades depending upon the processing methods applied.
Titanium:
Titanium is a metal with strong biomedical properties. It has excellent biocompatibility and high corrosion resistance. The most important property of titanium for biomedical applications is its ability to bind with proteins, which makes it very useful in the development of medical implants and devices.
Application Insights:
The implants segment dominated the global biomedical metal market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for hip, knee and shoulder replacement as well as cardiovascular implants. The surgical instruments segment is also projected to witness considerable growth over the next eight years due to rising demand for various types of surgical tools including forceps, clamps, scissors etc.
In terms of revenue, dental application was estimated at USD 281.5 million in 2017 owing to high product usage in dental applications such as crowns/bridges/protective caps & retainers among other oral healthcare products such as orthodontic appliances & retainers used for aligning or stabilizing teeth during treatment planning stages. In addition, growing awareness about oral hygiene coupled with rising disposable income has led people from developing countries like India and China towards investing more on their dental care which further drives product demand worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This is attributed to the presence of a large patient pool and increasing awareness about biocompatible metals in this region. In addition, growing medical tourism industry and rising healthcare expenditure by governments are expected to drive demand for biomedical metal products over the forecast period.
The Asia Pacific is anticipated to be followed by Europe during the forecast period owing to high prevalence of chronic diseases such as cardiovascular disorders, diabetes, cancer, etc., which require surgical interventions for treatment or recovery purpose. Moreover, stringent government regulations regarding use of non-biological implants are also likely to boost demand for titanium and stainless steel components over next eight years.
In North America market growth can be attributed primarily to rising R&D investments by pharmaceutical companies pertaining with development of new drugs that involve complex manufacturing procedures using implant materials such as Biomedical Grade Titanium (BGT).
Growth Factors:
- Increasing demand for biomedical implants and prosthetic devices
- Rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders
- Growing awareness about the benefits of biomedical metal implants among surgeons and patients
- Technological advancements in the field of biomedical metal implants manufacturing
- Rising healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Biomedical Metal Market Research Report
By Type
Stainless Steel, Titanium, Cobalt-Based Alloy, Others
By Application
Implants, Surgical Instruments, Dental Application
By Companies
Carpenter Technology, Dentsply Sirona, Wright Medical Group, Zimmer Biomet, Carpenter Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Biomedical Metal Market Report Segments:
The global Biomedical Metal market is segmented on the basis of:
Types
Stainless Steel, Titanium, Cobalt-Based Alloy, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Implants, Surgical Instruments, Dental Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Carpenter Technology
- Dentsply Sirona
- Wright Medical Group
- Zimmer Biomet
- Carpenter Technology
Highlights of The Biomedical Metal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Titanium
- Cobalt-Based Alloy
- Others
- By Application:
- Implants
- Surgical Instruments
- Dental Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biomedical Metal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Biomedical metal is a term used to describe alloys and materials that are specifically designed for medical applications. These materials can be used in a variety of devices, including implants, prostheses, and medical equipment. They are often made from metals that are strong yet lightweight, which makes them ideal for use in sensitive areas like the heart or brain.
Some of the major companies in the biomedical metal market are Carpenter Technology, Dentsply Sirona, Wright Medical Group, Zimmer Biomet, Carpenter Technology.
The biomedical metal market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biomedical Metal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biomedical Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biomedical Metal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biomedical Metal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biomedical Metal Market Size & Forecast, 2018-2028
4.5.1 Biomedical Metal Market Size and Y-o-Y Growth
4.5.2 Biomedical Metal Market Absolute $ Opportunity
Chapter 5 Global Biomedical Metal Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Biomedical Metal Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Titanium
5.2.3 Cobalt-Based Alloy
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Biomedical Metal Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Biomedical Metal Market Size Forecast by Applications
6.2.1 Implants
6.2.2 Surgical Instruments
6.2.3 Dental Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biomedical Metal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biomedical Metal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Biomedical Metal Analysis and Forecast
9.1 Introduction
9.2 North America Biomedical Metal Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Biomedical Metal Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Titanium
9.6.3 Cobalt-Based Alloy
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Biomedical Metal Market Size Forecast by Applications
9.10.1 Implants
9.10.2 Surgical Instruments
9.10.3 Dental Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Biomedical Metal Analysis and Forecast
10.1 Introduction
10.2 Europe Biomedical Metal Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Biomedical Metal Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Titanium
10.6.3 Cobalt-Based Alloy
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Biomedical Metal Market Size Forecast by Applications
10.10.1 Implants
10.10.2 Surgical Instruments
10.10.3 Dental Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Biomedical Metal Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Biomedical Metal Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Biomedical Metal Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Titanium
11.6.3 Cobalt-Based Alloy
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Biomedical Metal Market Size Forecast by Applications
11.10.1 Implants
11.10.2 Surgical Instruments
11.10.3 Dental Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Biomedical Metal Analysis and Forecast
12.1 Introduction
12.2 Latin America Biomedical Metal Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Biomedical Metal Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Titanium
12.6.3 Cobalt-Based Alloy
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Biomedical Metal Market Size Forecast by Applications
12.10.1 Implants
12.10.2 Surgical Instruments
12.10.3 Dental Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Biomedical Metal Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Biomedical Metal Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Biomedical Metal Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Titanium
13.6.3 Cobalt-Based Alloy
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Biomedical Metal Market Size Forecast by Applications
13.10.1 Implants
13.10.2 Surgical Instruments
13.10.3 Dental Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biomedical Metal Market: Competitive Dashboard
14.2 Global Biomedical Metal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carpenter Technology
14.3.2 Dentsply Sirona
14.3.3 Wright Medical Group
14.3.4 Zimmer Biomet
14.3.5 Carpenter Technology
