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Metal Implants and Medical Alloys Market to grow by USD 4.44 bn | High Demand for Orthopedic Implants to Drive Growth | Technavio

·4 min read

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The metal implants and medical alloys market size is anticipated to grow by USD 4.44 bn. The growth momentum of the market is expected to decelerate at a CAGR of 6.40% during the forecast period. This report offers an in-depth analysis as well as exact growth variance and the Y-O-Y growth rate.

Attractive Opportunities in Metal Implants and Medical Alloys Market by Application and Geography - Forecast and Analysis 2021-2025
Attractive Opportunities in Metal Implants and Medical Alloys Market by Application and Geography - Forecast and Analysis 2021-2025

For additional highlights on metal implants and medical alloys market, Read a Free Sample

Market Dynamics

Factors such as high demand for orthopedic implants and increasing health awareness will be crucial in driving the growth of the market. However, the high cost of implants and stringent product approval process might impact the business of vendors during the forecast period.

For additional information on the various trends, drivers, and challenges impacting the market, View a Free Sample Report Now

Company Profiles

The metal implants and medical alloys market report provides complete insights on key vendors, including Allegheny Technologies Inc., AMETEK Inc., Aperam, Carpenter Technology Corp., Fort Wayne Metals Research Products Corp., Johnson Matthey Plc, Koninklijke DSM NV, QuesTek Innovations LLC, Supra Alloys, and TITAN Metal Fabricators Inc.

Competitive Analysis

The competitive scenario provided in the metal implants and medical alloys market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Landscape

The global metal implants and medical alloys market was a fragmented industry that was in a phase of growth in 2020. By 2025, the market structure would continue to be fragmented. Its lifecycle stage would continue to be in the growth phase. Technavio categorizes the global metal implants and medical alloys market as a part of the global healthcare equipment market. The parent market, the global healthcare equipment market, covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases.

Market Segmentation

  • By application, the market is classified into titanium, stainless steel, cobalt-chromium, and others. The titanium segment will contribute the largest share of the market.

  • By geography, the market is classified as North America, APAC, Europe, MEA, and South America. APAC will have the largest share of the market during the forecast period.

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Metal Implants And Medical Alloys Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6.40%

Market growth 2021-2025

USD 4.44 billion

Market structure

Fragmented

YoY growth (%)

8.93

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, France, Japan, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allegheny Technologies Inc., AMETEK Inc., Aperam, Carpenter Technology Corp., Fort Wayne Metals Research Products Corp., Johnson Matthey Plc, Koninklijke DSM NV, QuesTek Innovations LLC, Supra Alloys, and TITAN Metal Fabricators Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)
Technavio (PRNewsfoto/Technavio)
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Cision

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SOURCE Technavio