According to the Market Statsville Group (MSG), the global metal in medicine market is estimated to grow at a CAGR of 12.4% from 2022 to 2030. Metals in medicine play a crucial role; they assist in pain management, restrict disease prevalence, and boost immunity and other factors. Copper, zinc, and sodium are widely used metals in medicines due to their medicinal properties. Factors such as surging investment in drug development and R&D and increasing use of metals to manage cancer drive the market’s growth at the global level. However, counterfeit products containing heavy metals may hamper the market’s growth.

COVID-19 Impact on the Global Metal in Medicine Market

COVID-19 led a significant impact on the market’s growth, the spread of COVID-19 created panic among the people across the globe. Thus, people opted for immunity boosters to enhance their immunity. Immunity boosters contain traces of copper and zinc, hence, the huge adoption of medicines containing such metals has positively influenced the market’s growth amid the pandemic. For instance, as per the research analysis, Zincovit registered sales of Rs 50 crore (~USD 6.4 million) during October. Hence, the metal in medicine witnessed high market growth during the pandemic at the global level. However, the raw material prices increased due to the supply-demand gap coupled with the global lockdown hampered the estimated market’s growth. Also, the dearth of labor and disrupted supply chains increased demand and supply gap, thus, negatively affecting the market’s growth for a shorter span.

Scope of the Global Metal in Medicine Market

On the basis of the study, the metal in medicine market is categorized into the following segments: metal type, administrative route, form, purchase type, and application at the regional and global levels.

By Metal Type Outlook (Sales, USD Million, 2017-2030)

• Copper
• Sodium
• Gold
• Zinc
• Silver
• Other

By Administrative Route Outlook (Sales, USD Million, 2017-2030)

• IV
• Oral

By Form Outlook (Sales, USD Million, 2017-2030)

• Liquid
• Powder
• Tablet

By Application Outlook (Sales, USD Million, 2017-2030)

• Fatigue and Dysentery
• Crohn’s disease
• Down syndrome
• Hansen’s disease
• Alzheimer’s disease
• Ulcerative colitis or inflammatory bowel disease
• Attention deficit-hyperactivity disorder (ADHD)
• Hypogeusia
• Cancer
• Others  

By Purchase Type Outlook (Sales, USD Million, 2017-2030)

• Over the counter
• Prescribed Drugs

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Cancer segment holds the highest CAGR share by Application

On a segmental basis, fatigue and dysentery account for the major market share in 2021. The growth is attributed to the changing lifestyle, contaminated water, and environmental factors such as high temperatures. To overcome the symptoms of fatigue and dysentery, ORS solution is preferred, which contains sodium metal.

However, the cancer segment is estimated to showcase the highest CAGR during the forecast period. The surging prevalence of cancer will drive the segment’s growth. For instance, according to the International Agency for Research on Cancer (IARC), in 2018, about 17 million new cancer cases and 9.5 million cancer deaths were recorded globally, which is expected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths in 2040. Growing cancer cases requires effective medicine and treatment, and cancer medicines contain traces of platinum metal and others. Such factors will fuel the segment’s growth in the metal in medicine market.

Regional Analysis of Metal in Medicine Market

On a regional basis, North America has accounted for the major market share in 2021. The region's growth is attributed to the growing number of arthritis cases. For instance, according to the Centers for Disease Control and Prevention (CDC), approximately 1 in 4 USA adults, about 23.7% people have been diagnosed with arthritis. The prevalence of arthritis increases with age. By 2040, an estimated 78 million (26%) US adults aged 18 years or older are subjected to have doctor-diagnosed arthritis. The arthritis medicine contains gold and iron to manage the disease and related symptoms. Gold treatment help to relieve the pain due to active joint swelling and prevent future joint damage caused by swelling. Thus, growing chronic disease will foster the segmental market growth over the forecast period.

Key Market Players in the Global Metal in Medicine Market

Metal in medicine has a huge demand for catering to such needs and fulfilling the unmet demands of the end-users. Major market players are adopting various marketing tools to reach their potential customers. Market major players are as follows:

• Cadila Pharmaceuticals Ltd.
• Prometheus Laboratories Inc
• IOL Chemicals
• Bayer
• Sanofi-Aventis
• Apex Labs
• Rakshit Pharmaceuticals Limited
• Sun Pharmaceutical Industries Inc
• Roxane Laboratories, Inc
• Abraxis Pharmaceutical
• Bristol Myers
• Norbrook Laboratories Ltd
• Others prominent players   

Key Issues Addressed

• What is the market size by various segmentation of the metal in medicine market by region and its respective countries?
• What is the customer buying behavior, key takeaways, and Porter's 5 forces of the metal in medicine market?
• What are the key opportunities and trends for manufacturers involved in the metal in medicine market supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of metal in medicine market in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of leading and prominent companies in the market.