The metal implants market was valued at USD USD 14,902.76 million in 2023 and is forecast to reach USD 30,987.1 million by 2032, reflecting an impressive 9.58% CAGR over the period.
Key growth factors include technological innovations, an aging global population requiring more surgical implants, and a rise in chronic diseases needing medical interventions utilizing these advanced materials and devices.
These metals are often chosen due their ideal properties for use in the human body – including high biocompatibility, bone bonding, strength-to-weight ratios, corrosion resistance, and durability needed for long-term implant applications.
Orthopedics, cardiology, and dentistry perform high volumes of replacement and reconstruction surgeries demanding specialized metal implants and alloys for joints, stents, dental fixtures respectively. These alloys improve patient outcomes significantly.