2024 Metal Implants And Medical Alloys Market Outlook: Size, Share, and Key Growth Drivers
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What is the Expected Growth Rate of the Metal Implants And Medical Alloys Market from 2024 to 2033?
The metal implants and medical alloys market has grown rapidly, from $14.56 billion in 2023 to $16.25 billion in 2024, at a CAGR of 11.6%. This increase is attributed to an aging population, more orthopedic and dental procedures, a rise in chronic diseases, and more trauma and accident cases.
The metal implants and medical alloys market is expected to grow rapidly, reaching $24.18 billion by 2028 with a CAGR of 10.4%. Growth is driven by implant customization, minimally invasive procedures, and the rise of neurostimulation devices. Key trends include digital health integration, sustainability, and alloy innovations.
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The increasing number of road accidents is anticipated to drive the metal implants and medical alloys market’s growth. Road accidents involve vehicles on public roads, leading to injuries that metal implants stabilize, promoting healing and restoring function. The Insurance Institute for Highway Safety reported an increase in road crashes from 35,935 in 2020 to 39,508 in 2021, with 42,939 fatalities. This rise in road accidents fuels the metal implants and medical alloys market.
1) By Material: Titanium, Stainless Steel, Cobalt Chromium, Other Materials
2) By Application: Cardiovascular Applications, Dental Applications, Spinal Fusion Applications, Cranio-Facial Surgeries, Orthopedic Reconstruction Surgeries, Other Applications
3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End-Users
Companies in the metal implants and medical alloys market are adopting innovative technologies like aurum technology to expand their market reach. Aurum technology uses a titanium nitride coating applied to titanium implants to enhance their wear and corrosion resistance. In March 2022, Total Joint Orthopedics Inc. introduced the Klassic knee system, which utilizes aurum technology to provide a durable, long-lasting knee replacement with reduced friction, improving patient outcomes and reducing the risk of complications.
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Asia-Pacific was the largest region in the hot roll slitter market in 2023. The regions covered in the hot roll slitter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Metal Implants And Medical Alloys Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the metal implants and medical alloys market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Metal Implants And Medical Alloys Market Include
1. Metal Implants And Medical Alloys Market Executive Summary
2. Metal Implants And Medical Alloys Market Segments
3. Metal Implants And Medical Alloys Market Size And Template Market Growth Rate
4. Key Metal Implants And Medical Alloys Market Trends
5. Major Metal Implants And Medical Alloys Market Drivers
……
25. Key Mergers And Acquisitions In The Metal Implants And Medical Alloys Market
26. Top Metal Implants And Medical Alloys Companies
27. Metal Implants And Medical Alloys Market Opportunities And Strategies
28. Metal Implants And Medical Alloys Market, Conclusions And Recommendations
29. Appendix
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