Market Overview:
The global medical titanium alloy market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for medical implants and surgical instruments made of titanium alloy. Titanium alloys are used in various applications such as medical machinery, dental implants, and orthopedic implants owing to their high strength-to-weight ratio and biocompatibility. In addition, rising awareness about the benefits of using titanium alloys in medical applications is also contributing to the growth of this market. Based on type, the global medical titanium alloy market can be segmented into Ti 6Al-4V, Ti 6AL ELI, Ti 3Al 2.5, and Ti 5Al-2.5Sn.
Product Definition:
Medical Titanium Alloy is a type of alloy that contains titanium and other elements. It is used in medical implants and devices because it is strong, lightweight, and biocompatible.
Ti 6Al-4V:
Ti 6Al-4V is a medical-grade titanium alloy that contains six percent aluminum and four percent vanadium. It has the ability to be easily sterilized, which makes it an ideal material for medical implants. The material offers high biocompatibility, corrosion resistance, and excellent mechanical properties making it suitable for use in surgical instruments as well as prosthetic devices.
The global Ti 6Al-4V market size was valued at USD 81 million in 2016.
Ti 6AL ELI:
Ti 6AL ELI is a medical titanium alloy that contains six percent aluminum and seventy-one percent titanium. It has better biocompatibility as compared to other alloys of titanium which makes it suitable for use in medical implants. The properties of this alloy make it useful in various applications such as hip replacement, knee replacement, dental implants, and surgical instruments among others.
The global Ti 6AL ELI market size was valued at USD 56 million in 2016.
Application Insights:
Medical machinery was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Titanium alloy components are used in a wide range of medical devices, such as surgical instruments, dental equipment, x-ray machines, radiation therapy sources and detectors, diagnostic imaging systems like MRI scanners and CT scanners among others.
The growing importance of medical technology coupled with rising healthcare spending is anticipated to boost titanium alloy demand for this purpose over the forecast period. In addition to being one of the most abundant metals on earth, titanium has several advantages when used in medical applications including high strength (ability to resist breakage), excellent corrosion resistance (immune system against bacteria & viruses) light weight (ability to travel long distances inside body) which makes it ideal for use in medical implants & equipment worldwide.
Regional Analysis:
North America was the second-largest regional market in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing use of titanium in medical applications and growing aerospace industry. In addition, rising prevalence of orthopedic conditions such as arthritis and growing geriatric population are also expected to drive demand for titanium alloy products in North America over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the same period owing to rapid development witnessed by various countries such as China, India, South Korea and Japan among others.
Growth Factors:
- Increasing demand for medical titanium alloy from the orthopedic implants and prosthetic devices industry is expected to drive the market growth during the forecast period.
- The increasing use of medical titanium alloy in dental implants is also projected to fuel market growth over the next few years.
- Growing awareness about benefits of using medical titanium alloy among surgeons and patients is anticipated to propel market expansion in the near future.
- Rising number of surgical procedures owing to increasing incidence of chronic diseases is expected to create lucrative opportunities for market players in forthcoming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Titanium Alloy Market Research Report
By Type
Ti 6Al-4V, Ti 6AL ELI, Ti 3Al 2.5, Ti 5Al-2.5Sn
By Application
Medical Machinery, Medical Implants
By Companies
PCC, VSMPO-AVISMA, ATI Metals, Carpenter, Ametek Specialty Metal Products (SMP), Baoji Future Titanium Co., Ltd., Western Superconducting, Western Metal, Advanced Metallurgical, Royal DSM, PCC, Fort Wayne Metals
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Medical Titanium Alloy Market Report Segments:
The global Medical Titanium Alloy market is segmented on the basis of:
Types
Ti 6Al-4V, Ti 6AL ELI, Ti 3Al 2.5, Ti 5Al-2.5Sn
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
Medical Machinery, Medical Implants
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:
- PCC
- VSMPO-AVISMA
- ATI Metals
- Carpenter
- Ametek Specialty Metal Products (SMP)
- Baoji Future Titanium Co., Ltd.
- Western Superconducting
- Western Metal
- Advanced Metallurgical
- Royal DSM
- PCC
- Fort Wayne Metals
Highlights of The Medical Titanium Alloy 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:
- Ti 6Al-4V
- Ti 6AL ELI
- Ti 3Al 2.5
- Ti 5Al-2.5Sn
- By Application:
- Medical Machinery
- Medical Implants
- 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 Titanium Alloy 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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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 titanium alloy is a type of titanium that is used in medical devices and implants. It is stronger than regular titanium, which makes it ideal for use in medical devices that need to be durable and resistant to corrosion.
Some of the key players operating in the medical titanium alloy market are PCC, VSMPO-AVISMA, ATI Metals, Carpenter, Ametek Specialty Metal Products (SMP), Baoji Future Titanium Co., Ltd., Western Superconducting, Western Metal, Advanced Metallurgical, Royal DSM, PCC, Fort Wayne Metals.
The medical titanium alloy market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Titanium Alloy 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 Titanium Alloy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Titanium Alloy 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 Titanium Alloy 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 Titanium Alloy Market Size & Forecast, 2018-2028
4.5.1 Medical Titanium Alloy Market Size and Y-o-Y Growth
4.5.2 Medical Titanium Alloy Market Absolute $ Opportunity
Chapter 5 Global Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Type
5.2.1 Ti 6Al-4V
5.2.2 Ti 6AL ELI
5.2.3 Ti 3Al 2.5
5.2.4 Ti 5Al-2.5Sn
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Applications
6.2.1 Medical Machinery
6.2.2 Medical Implants
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Titanium Alloy 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 Titanium Alloy 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 Medical Titanium Alloy Analysis and Forecast
9.1 Introduction
9.2 North America Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Type
9.6.1 Ti 6Al-4V
9.6.2 Ti 6AL ELI
9.6.3 Ti 3Al 2.5
9.6.4 Ti 5Al-2.5Sn
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 Medical Titanium Alloy Market Size Forecast by Applications
9.10.1 Medical Machinery
9.10.2 Medical Implants
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 Medical Titanium Alloy Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Type
10.6.1 Ti 6Al-4V
10.6.2 Ti 6AL ELI
10.6.3 Ti 3Al 2.5
10.6.4 Ti 5Al-2.5Sn
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 Medical Titanium Alloy Market Size Forecast by Applications
10.10.1 Medical Machinery
10.10.2 Medical Implants
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 Medical Titanium Alloy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Type
11.6.1 Ti 6Al-4V
11.6.2 Ti 6AL ELI
11.6.3 Ti 3Al 2.5
11.6.4 Ti 5Al-2.5Sn
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 Medical Titanium Alloy Market Size Forecast by Applications
11.10.1 Medical Machinery
11.10.2 Medical Implants
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 Medical Titanium Alloy Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Titanium Alloy 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 Medical Titanium Alloy Market Size Forecast by Type
12.6.1 Ti 6Al-4V
12.6.2 Ti 6AL ELI
12.6.3 Ti 3Al 2.5
12.6.4 Ti 5Al-2.5Sn
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 Medical Titanium Alloy Market Size Forecast by Applications
12.10.1 Medical Machinery
12.10.2 Medical Implants
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) Medical Titanium Alloy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Titanium Alloy 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) Medical Titanium Alloy Market Size Forecast by Type
13.6.1 Ti 6Al-4V
13.6.2 Ti 6AL ELI
13.6.3 Ti 3Al 2.5
13.6.4 Ti 5Al-2.5Sn
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) Medical Titanium Alloy Market Size Forecast by Applications
13.10.1 Medical Machinery
13.10.2 Medical Implants
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 Titanium Alloy Market: Competitive Dashboard
14.2 Global Medical Titanium Alloy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PCC
14.3.2 VSMPO-AVISMA
14.3.3 ATI Metals
14.3.4 Carpenter
14.3.5 Ametek Specialty Metal Products (SMP)
14.3.6 Baoji Future Titanium Co., Ltd.
14.3.7 Western Superconducting
14.3.8 Western Metal
14.3.9 Advanced Metallurgical
14.3.10 Royal DSM
14.3.11 PCC
14.3.12 Fort Wayne Metals
