Abstract Over the past two decades, research on alloys and composites based on Mg, Fe, and Zn has focused on biodegradable orthopaedic implants. Mg-based materials face issues like excessive corrosion rates and hydrogen gas evolution, while Fe and Zn-based materials show lower corrosion rates. However, these rates are slower than the optimal rate, which can be modified using powder metallurgy (PM) manufacturing. The PM process offers precise control over porosity distribution which in turn affects the mechanical and corrosion properties of the fabricated specimen. The highest rate of corrosion i.e. 0.944 mmpy was observed with the alloying of 2 wt% Pd in Fe and by using conventional sintering technique. Similarly, Zn-based samples fabricated by conventional sintering was found to exhibit higher corrosion rate as compared to microwave and spark plasma sintered specimen. PM-fabricated Fe and Zn-based bone scaffolds have been investigated for in-vitro corrosion and osseointegration. A higher porosity in the Fe and Zn scaffolds (>60 %) resulted in high corrosion rate which adversely impacted the cell proliferation. This timely review critically assessed PM-fabricated Fe and Zn-based materials that have the potential to transform regenerative medicine and patient care by redefining the field of biodegradable implants.