Biodegradable metals have garnered considerable interest owing to their capacity for self-degradation following the repair of damaged tissues. This review commences with their historical development and clarifies the essential prerequisites for their successful clinical translation. Subsequently, a detailed review of magnesium-based materials is presented from five critical areas of alloying, fabrication techniques, purification, surface modification, and structural design, systematically addressing their progress in biodegradation rate retardation, mechanical reinforcement, and biocompatibility enhancement. Furthermore, recent breakthroughsin vivoanimal experiments and clinical translation of magnesium alloys are summarized. Finally, this review concludes with a critical assessment of the achievements and challenges encountered in the clinical application of these materials, and proposes practical strategies to address current limitations and guide future research perspectives.