MEDICAL ENGINEERED MATERIALS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Global Medical Engineered Materials Market- Recent Developments

New product launches:

• In 2023, Evonik Industries AG launched a new biocompatible thermoplastic polyurethane (TPU) for medical applications. The material is called "Celstran Bio" and is designed to be used in implants, medical devices, and other applications where biocompatibility is critical. Evonik Industries AG is a publicly-listed Germany-based specialty chemicals company. It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world.
• In 2023, CoorsTek launched a new line of medical-grade ceramics. The materials are called "Ceramics for Life," and are designed to be used in a variety of medical applications, including implants, drug delivery devices, and surgical tools. CoorsTek, Inc. is a privately owned manufacturer of technical ceramics for aerospace, automotive, chemical, electronics, medical, metallurgical, oil and gas, semiconductor and many other industries. CoorsTek headquarters and primary factories are located in Golden, Colorado, U.S.
• In 2023, DSM Biomedical launched a new bioresorbable polymer called "Resomer." The material is designed to be used in implants that are designed to dissolve over time. DSM Biomedical provides medical device materials. The company offers adhesive, bioceramics, biomedical polyethylenes and polyurethanes, collagen, and stabilizing technology services. DSM Biomedical serves customers in the United States.

Acquisition and partnerships:

• In March 2023, DSM Biomedical partnered with 3D Systems to develop and commercialize 3D-printed medical devices. The partnership is expected to accelerate the development and adoption of 3D-printed medical devices. DSM Biomedical provides medical device materials. The company offers adhesive, bioceramics, biomedical polyethylenes and polyurethanes, collagen, and stabilizing technology services. DSM Biomedical serves customers in the U.S.
• In February 2023, Covestro AG acquired Heraeus Medical Components, a manufacturer of medical implants. The acquisition is expected to expand Covestro's presence in the medical implants market. Covestro AG is a Germany-based company producing polyurethane and polycarbonate raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives.
• In January 2023, Evonik Industries AG acquired PolyMedix, Inc., a developer of bioresorbable polymers. The acquisition is expected to strengthen Evonik's portfolio of bioresorbable materials for medical applications.