Plastics Industry News
繁體 | 简体
Technology
Applications
MAAG PUMP SYSTEMS AG
MAGUIRE
Main > Daily Market News > Article Content
| Print | Submit Article |
Last Page | More | Next Page
Keywords of this article:  medical 
To contact the supplier/company mentioned in this article, please email to:
mediaoperation@adsale.com.hk
More suppliers
Close
A group photo at Evonik-Meditool investment closing ceremony.
A group photo at Evonik-Meditool investment closing ceremony.
Photo: 12

Evonik Venture Capital has invested in a 3D-printing start-up in China that makes implants for neuro and spine surgery. The technology enables faster recovery and fewer post-operation checks for patients and less surgical risk for doctors. Evonik is the lead investor in a high single-digit million-euro round of fundraising for Shanghai-based Meditool.

This is Evonik’s first direct investment in China and its first direct investment after initiating the second venture capital fund this year, according to Bernhard Mohr, head of Evonik Venture Capital.

Meditool has developed its own hardware and software systems. The software can read and process images directly from commonly used magnetic resonance imaging (MRI) or computed tomography scan (CT) devices. A readily printable 3D model is generated by the software and sent to the printer. The implants are 3D printed with a high-performance polymer supplied by Evonik called Polyetheretherketone (PEEK).

Meditool’s technology pays directly into our strategy of expanding in high-tech applications for our additive manufacturing materials,” said Thomas Grosse-Puppendahl, head of the Evonik’s innovation growth field Additive Manufacturing. “Medical applications are of particular interest and our high performance polymers have already been proven as a reliable implant material in other applications such as dental.”

For patients and doctors, 3D-printed PEEK implants are revolutionary compared with metal, the current conventional solution for the orthopaedics implant market. 3D-printing allows customization so that, for example, a plate can be made to fit precisely to the patient’s skull. This reduces the likelihood that further operations will be required to adjust the size, shape or positioning of the implant.

PEEK is less thermally conductive than metal, meaning that patients exposed to hot and cold temperatures won’t be in danger of the implant heating up or cooling down excessively. The material is biocompatible (not harmful to living tissue) and CT and MRI examinations become possible after surgery.

China is a key growth market for Evonik and one of the main drivers of innovation worldwide,” said Claas Klasen, President Evonik Asia North region. “It not only fosters leap-frog technology, it has the population and growing middle-class to drive fast-paced demand.” The Chinese market is the world’s second largest for medical implants with expected annual growth rates of 10-15%.

Evonik’s venture capital arm has already invested in two funds in China and with Meditool, it now has its first direct investment. Co-investors in Meditool include ZN Ventures, Morningside Ventures and Puhua Capital.

Evonik launched its second venture capital fund with a volume of €150 million at the beginning of 2019, more than doubling the amount under management to €250 million.

Related Articles  
Evonik launches new polyimide fiber with m...
Evonik celebrates groundbreaking ceremony ...
K 2019: Evonik to demo better living with ...
IDTechEx forecasts US$6.1 billion market f...
3D printing leads the medical field to new...
ARBURG setting benchmark for the digital w...
Related Supplier
KIEFEL GMBH
WITTMANN BATTENFELD (SHANGH...
WITTMANN BATTENFELD (SHANGH...
WITTMANN BATTENFELD (SHANGH...
WITTMANN BATTENFELD (SHANGH...
We are collecting readers' comment for improving our website. If you are willing to help, please CLICK HERE to complete a survey. Your comments matter.
Write a mail to the editor
Copyright © Adsale Publishing Limited. Any party needs to reprint any part of the content should get the written approval from Adsale Publishing Ltd and quote the source "China Plastic & Rubber Journal (CPRJ)", Adsale Plastics Website - www.AdsaleCPRJ.com. We reserve the right to take legal action against any party who reprints any part of this article without acknowledgement. For enquiry, please contact Editorial Department.  [Want to use this report?]
Name
Company Name
Job title
Email (will not be published)
Comment
Recent Comment
Legal Statement | Privacy Policy
Remarks: Publication of the comments is at editor's discretion.
Register a New Member
东莞捷佳塑胶科技有限公司
富强鑫精密工业股份有限公司
艾尔发集团
Kampf Schneid- und Wickeltechnik GmbH & Co. KG
东莞市思为客自动化科技股份有限公司
海天塑机集团有限公司
COPERION GMBH
上海ABB工程有限公司
万华化学(烟台)销售有限公司
K2019
东华机械有限公司
裕克施乐塑料制品(太仓)有限公司
泰瑞机器股份有限公司
日钢注塑机維修(深圳)有限公司
Medical conf.
广东伊之密精密机械股份有限公司

Supplier Highlights