PUBLISHER: Grand View Research | PRODUCT CODE: 1554201
PUBLISHER: Grand View Research | PRODUCT CODE: 1554201
The global medical alloys market size was estimated at USD 16.12 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030. The key market driver is the growing demand for medical implants due to rising chronic diseases and aging populations. Conditions such as osteoporosis and cardiovascular diseases are boosting the need for durable, biocompatible materials like titanium and cobalt chromium, especially with advancements in minimally invasive surgeries and innovative implant technologies.
Innovations such as biodegradable magnesium alloys for temporary implants and advanced alloys for specific applications like cobalt chromium stents are driving growth. Ongoing R&D and new product launches are expanding the use of medical alloys in modern healthcare.
Global Medical Alloys Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical alloys market report based on type, application, and region: