The invention discloses a metal composite material capable of inducing bone growth and an application thereof. The metal composite material is especially suitable for biomedical engineering for human hard tissue defect, comprising an artificial joint, artificial bone, a dental implant, a plastic surgery medical apparatus and instrument, a bone marrow cavity implant and the like. Specifically a double-phase composite material capable of inducing bone growth is provided, a cellular structure is prepared on a clinical medical metal material (titanium, titanium alloy, stainless steel, cobalt-base alloy, nickel-titanium shape memory alloy and the like), magnesium or a magnesium alloy capable of inducing bone growth is filled in the cellular structure, and the composite material in the structure can be used as a solid material, and as the surface/partial structure of a solid metal material. By virtue of the design of the composite material, the bioactivity of an existing medical metal implantable device can be improved; along with the continuous decomposition and bone induction effect of the magnesium or the magnesium alloy in a human body environment, and the bone structure is gradually induced to grow into the cellular structure to enhance the binding strength of the bone tissue with the implant so as to prevent the implant from getting separated, achieve good biological immobilization, and greatly improve the bone integration effect.