The mechanical and physical properties of ultrafine-grained titanium alloys produced by severe plastic deformation are considered. It is found that the formation of ultrafine-grained structure in these materials causes a significant enhancement in their mechanical properties at room temperature and in their resistance to hydrogen embrittlement as well as a change in their acoustic properties. Moreover, superplasticity is realized in these materials at less elevated temperatures relative to the respective coarse grained counterparts. It is shown that the above changes in material properties permit optimization of conditions by the production of items from the titanium alloys, e.g. medical implants having the requisite strength and stepped waveguides having long life even in the high power density conditions of an ultrasound system.