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The global metal implants and medical alloys market is expected to grow at a CAGR of around 9.2% from forecast period 2019 to 2026 and reach the market value of over US$ 19.5 Bn by 2026.

The Asia Pacific region is projected to register maximum growth over the forecast period from 2019 to 2026 owing to improving healthcare infrastructure coupled with the rising awareness among the residents. In 2019, researchers from IIT Roorkee, India have come up with a new method to improve orthopedic implants by minimizing the chances of bacterial infections at the implant site. The new method is particularly focusing on antibacterial drug coating on the surface of metallic implants that will prevent infection by gradually releasing the drug on the implant site. Furthermore, the region is also gaining positive growth due to the high incidences of accidents.

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By type, titanium segment is expected to account for the maximum market share over the forecast period. Based on type the titanium segment is projected to exhibit maximum share during the forecast period from 2019 to 2026 owing to its properties of high strength, rigidity and biocompatibility along with the greater strain-bearing capacity, and corrosion resistance. Moreover, a company named Carpenter Technology has introduced CARTECH PURIS 5+ in 2017, a high-strength, low-oxygen titanium powder solution.

The orthopedic implants segment is likely to lead by application during the forecast period from 2019 to 2026. The rising prevalence of orthopedic disorder particularly for joint reconstruction is supporting the segment growth. For instance, Garwood Medical Devices LLC. has received a “Breakthrough Device” designation from FDA for BioPrax device. It’s a tool developed to eliminate biofilm infections on prosthetic knee implants. Also, Texas-based DiFusion Technologies, Inc. has announced that a pro-macrophage spinal implant named Xiphos-ZF has received clearance for commercial sale in the US from FDA in November 2019.

Some of the leading global competitors in the metal implants and medical alloys market are ATI Specialty Alloys & Components (US), Ametek Specialty Products (US), Aperam S.A. (Luxembourg), QuesTek Innovations LLC (US), Fort Wayne Metals (US), Carpenter Technology Corporation (US), Royal DSM (Netherlands), and Johnson Matthey Plc (UK). Metal implants and medical alloys companies have announced mergers and acquisitions to expand their position in the metal implants and medical alloys industry. For instance, Carpenter Technology Corporation has announced the acquisition of LPW Technology Ltd. in 2018 for a total of around US$81 million. The acquisition is intended to produce highly engineered metal powders additively manufactured components. In the same year, the company has also acquired MB CalRAM LLC, a manufacturer of powder-bed fusion additive metal printing services. Major players are also moving into new regions and advanced technologies.

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For instance, Carpenter Technology Corporation has acquired LPW Technology Ltd. in 2018 for around US$ 81Mn to produce highly engineered metal powders and additively manufactured components. The company has also acquired a manufacturer of powder-bed fusion additive metal printing services, MB CalRAM LLC in the same year.

Some of the key observations regarding metal implants and medical alloys industry include:

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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