Market Overview:
The global medical metal and alloys market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical implants and rising awareness about advanced surgical procedures. The titanium segment is expected to dominate the global medical metal and alloys market during the forecast period, owing to its properties such as biocompatibility, corrosion resistance, strength, and lightweight. By application, the hospital segment is expected to account for a major share of the global medical metal and alloys market in 2018. This can be attributed to factors such as growing number of surgeries performed annually and rising demand for minimally invasive surgeries.
Product Definition:
Medical Metal and Alloys are metals or alloys used in medical devices. They can be biocompatible, meaning they do not harm the body, and non-toxic. Medical Metal and Alloys are often used in implants, such as artificial hips or heart valves, because they are strong and durable.
Titanium:
Titanium is a lustrous, strong, lightweight metal that is corrosion resistant and has excellent physical and chemical properties. It has the highest strength of all light metals; it is 10 times stronger than steel. Titanium dioxide (TiO2) which is commercially available in anorthite form can be used as a catalyst for producing polymerization products such as polyvinyl chloride and polyurethane.
Stainless Steel:
Stainless steel is a type of metal that has greater resistance to corrosion than regular iron or steel. The material is widely used in surgical instruments, hip replacements, and medical implants owing to its high durability and biocompatibility. It also finds application in the manufacturing of kitchenware such as cookware & baking ware among other products due to its aesthetic appearance & excellent resistant properties.
The stainless steel market size was valued at USD 14 billion in 2015.
Application Insights:
Based on application, the global market has been segmented into hospital, clinic, and others. The hospital segment dominated the overall market in terms of revenue in 2017. This is attributed to increasing healthcare spending by governments as well as individuals across the globe. Moreover, growing investments by companies for R&D activities related to metal alloy implants used in hospitals and clinics is also expected to drive demand over the forecast period.
The others application category includes offices, banks and credit unions, educational institutions (elementary schools through universities), transportation facilities (airports through highways), government buildings/offices including police stations/prisons/ juvenile halls & homes for orphans & widows ¢â‚¬ËœKothisarvaras¢â‚¬â„¢ or ashrams) public amenities (civic centers through parks.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period on account of increasing demand for medical devices and rising healthcare expenditure in countries, such as U.S., Canada, and Mexico. In addition, presence of developed healthcare infrastructure and high adoption rate of advanced technologies are some other factors that can be attributed to regional growth.
Asia Pacific is projected to witness lucrative growth over the coming years owing to growing population coupled with rapidly expanding medical sector especially in developing economies including India, China, Indonesia among others will drive demand for various metal alloys used across various applications such as surgical instruments & implants; dental restorations; orthopedic devices; cardiovascular systems etc.). Moreover, favorable government initiatives aimed at improving public health system along with rising investments by private players will also contribute toward industry expansion over the next eight years or so (until 2030).
Growth Factors:
- Increasing demand for medical implants and prosthetic devices owing to the rise in the number of accidents and surgical procedures.
- Growing awareness about the benefits of using medical metal and alloys in various applications such as orthopedic implants, dental implants, etc.
- Rising demand for lightweight and corrosion-resistant metals & alloys in medical devices manufacturing industry.
- Technological advancements that have led to the development of new grades of metals & alloys with enhanced properties for use in medical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Metal and Alloys Market Research Report
By Type
Titanium, Stainless Steel, Cobalt Chromium, Other
By Application
Hospital, Clinic, Others
By Companies
ATI Specialty Alloys & Components, Royal DSM, Aperam S.A., AMETEK Specialty Metal Products (SMP), Johnson Matthey, Fort Wayne Metals, Zimmer
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Medical Metal and Alloys Market Report Segments:
The global Medical Metal and Alloys market is segmented on the basis of:
Types
Titanium, Stainless Steel, Cobalt Chromium, Other
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
Hospital, Clinic, Others
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:
- ATI Specialty Alloys & Components
- Royal DSM
- Aperam S.A.
- AMETEK Specialty Metal Products (SMP)
- Johnson Matthey
- Fort Wayne Metals
- Zimmer
Highlights of The Medical Metal and Alloys 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:
- Titanium
- Stainless Steel
- Cobalt Chromium
- Other
- By Application:
- Hospital
- Clinic
- Others
- 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 Medical Metal and Alloys 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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- 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?
Medical metal and alloys are materials that are used in medical devices, such as implants, prostheses, and orthopedic braces. They can be made from a variety of metals, including titanium, stainless steel, aluminum alloy (such as 6061), and nickel-titanium alloy. Medical metal alloys have a high strength-to-weight ratio and are often corrosion resistant.
Some of the major players in the medical metal and alloys market are ATI Specialty Alloys & Components, Royal DSM, Aperam S.A., AMETEK Specialty Metal Products (SMP), Johnson Matthey, Fort Wayne Metals, Zimmer.
The medical metal and alloys market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Metal and Alloys 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 Medical Metal and Alloys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Metal and Alloys 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 Medical Metal and Alloys 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 Medical Metal and Alloys Market Size & Forecast, 2020-2028
4.5.1 Medical Metal and Alloys Market Size and Y-o-Y Growth
4.5.2 Medical Metal and Alloys Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Titanium
5.2.2 Stainless Steel
5.2.3 Cobalt Chromium
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Metal and Alloys 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 Medical Metal and Alloys 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Titanium
9.6.2 Stainless Steel
9.6.3 Cobalt Chromium
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Titanium
10.6.2 Stainless Steel
10.6.3 Cobalt Chromium
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Titanium
11.6.2 Stainless Steel
11.6.3 Cobalt Chromium
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Titanium
12.6.2 Stainless Steel
12.6.3 Cobalt Chromium
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Titanium
13.6.2 Stainless Steel
13.6.3 Cobalt Chromium
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
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 Medical Metal and Alloys Market: Competitive Dashboard
14.2 Global Medical Metal and Alloys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ATI Specialty Alloys & Components
14.3.2 Royal DSM
14.3.3 Aperam S.A.
14.3.4 AMETEK Specialty Metal Products (SMP)
14.3.5 Johnson Matthey
14.3.6 Fort Wayne Metals
14.3.7 Zimmer
