In recent years, titanium has been more and more widely applied to the biomedical science, daily stuff and industrial fields. Titanium implants of surface modification have won wide recognition and application both in domestic and overseas clinical medical fields.
According to the statistics of F&S enterprise, international orthopedic implant device market holds a 10.4% compound growth rate, and is expected to reach 27.7 billion dollars. At that time, the implant device market in China will increase to 16.6 billion dollars with 18.1% annual compound growth rate. This is a sustainable growth market confronted with both challenges and opportunities, and the R&D of implant material science is also accompanied by its rapid development.
“By 2015, Chinese market will catch the world's attention and China will become the world's second largest market in operation cases, product quantity and product market value. Demands on high quality medical equipments are increasing.” The Chairman of Surgical Implants Committee of China Medical Instrument Industrial Association Yao Zhixiu said, expressing his positive opinion on the prospects of China implant device market.