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Global Metal Implants and Medical Alloys Market Size, Share, Growth and Trends, Forecast 2022 – 2031

Kenneth Research has recently added a report titled Global Metal Implants and Medical Alloys Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Metal Implants and Medical Alloys Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Metal Implants & medical Alloys is valued approximately USD 10.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2019-2026. The metal implant is a device used to help replace a biological structure that has been damaged due to trauma or bone and cartilage disorders. The rising number of trauma cases as well as chronic disorders are driving the growth of metal implants and medical alloys market. The geriatric population are more susceptible to various diseases and disorders such as orthopedic, dental, neurological, and cardiovascular disorders, owing to which will result in an increase in the demand for metal implants and medical alloys market globally. The market is also driven by the increasing number of accidents and sports-related injuries. The increasing advanced technology launched by scientists for implants has lead the demand for metal implants and medical alloys market  over the forecast period of 2019-2026.

The regional analysis of global Metal Implants & medical Alloys is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia Pacific is the leading region across the world. Factors such as, rising population & urbanization, improving healthcare infrastructure, growing per capita income, increasing health awareness, and the increase in the number of trauma/accident cases., witnessed to expand the growth of Metal Implants & medical Alloys market over the forecast period of 2019-2026.

Major market player included in this report are:
Carpenter Technology Corporation
Royal DSM
Johnson Matthey PLC.
Fort Wayne Metals
ATI Specialty Alloys & Components
Ametek Specialty Metal Products
Ques Tek Innovations LLC
Wright Medical Group
Zimmer Biomet Holdings, Inc.
Aap Implantate AG

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Type:
Titanium, Stainless Steel
Cobalt Chromium
Other

By Application:
Orthopedic Implants
Cardiovascular Implants
Dental Application
Craniomaxillofacial Impnats
Brain Implants

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Metal Implants & medical Alloys in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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