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Biomaterials Market Sale to hit US$ 470 Billion by 2032 and expand at a CAGR of 14.5%, says Persistence Market Research

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New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — The global Biomaterials Market was valued at US$ 112 Billion in 2021 and is expected to reach US$ 470 Billion by 2032. The global market for biomaterials is expected to expand at a CAGR of 14.5% through 2032. North America accounts for over 38% share and is set to dominate the global biomaterials market going forward.

The market is driven by several factors, including the growing demand for medical implants, the increasing prevalence of chronic diseases, and the rising geriatric population.

The biomaterials market is a rapidly growing industry with significant potential for advancements in healthcare technology. The market is driven by the increasing demand for medical implants, the rising prevalence of chronic diseases, and the aging population. Biomaterials are being used to develop new and innovative products, including artificial organs, implants, drug delivery systems, and tissue engineering. The market is highly competitive and fragmented, with the presence of several large and small players. Companies are focusing on developing new biomaterials with improved biocompatibility, strength, and durability to cater to the growing demand. Furthermore, the increasing adoption of 3D printing technology in the manufacturing of biomaterials is expected to further drive market growth.

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Market Segmentation

The global biomaterials market is segmented based on type, application, and region.

Based on type, the market is segmented into metallic, ceramic, polymer, and natural biomaterials. Among these, the polymer segment is expected to hold the largest market share in 2021 due to its wide range of applications and favorable physical properties, including flexibility and durability.

Based on application, the market is segmented into cardiovascular, orthopedic, dental, plastic surgery, wound healing, neurology, tissue engineering, and others. The orthopedic segment is expected to hold the largest market share in 2021 due to the high prevalence of orthopedic disorders and the increasing demand for joint replacements.

Regional Analysis

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The global biomaterials market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in 2021 due to the presence of a large number of key market players, the increasing prevalence of chronic diseases, and the high healthcare expenditure. Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to the increasing investments in healthcare infrastructure and the rising awareness regarding the benefits of biomaterials.

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Competitive Landscape

The global biomaterials market is highly competitive and fragmented, with the presence of several large and small players.

Some of the key players operating in the market include

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  • Evonik Industries AG
  • Medtronic plc
  • Carpenter Technology Corporation
  • Invibio Ltd.
  • Berkeley Advanced Biomaterials
  • BASF SE
  • Zimmer Biomet Holdings, Inc.
  • Stryker
  • Covalon Technologies Ltd.
  • Johnson & Johnson

These companies are focusing on various strategies such as product launches, partnerships, collaborations, and acquisitions to strengthen their market position and expand their customer base.

the global biomaterials market is expected to grow at a significant rate in the coming years due to the increasing demand for medical implants, the rising prevalence of chronic diseases, and advancements in medical technology. The market is highly competitive and fragmented, with the presence of several large and small players. The polymer segment is expected to hold the largest market share in 2023 due to its wide range of applications and favorable physical properties. North America is expected to hold the largest market share in 2023, while Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The biomaterials market faces several challenges, including the high cost of biomaterials and stringent regulatory.

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The biomaterials market is facing several challenges, including the high cost of biomaterials, stringent regulatory requirements, and the limited availability of raw materials. The high cost of biomaterials is a significant barrier to market growth, as it limits their accessibility to patients in developing countries. Additionally, the regulatory requirements for the development and commercialization of biomaterials are stringent, which can lead to delays in the launch of new products.

However, the increasing demand for biodegradable and bioresorbable materials, along with the growing adoption of advanced technologies, presents significant opportunities for market growth. Furthermore, the rising investments in research and development activities, coupled with the development of novel biomaterials, is expected to propel market growth in the coming years.

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About Persistence Market Research

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges. 

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part. 

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World Top-Performing Incubator Conference 2024 Held in Lingang Shanghai, China

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SHANGHAI, Oct. 1 2024 /PRNewswire/ — The World Top-Performing Incubator Conference 2024 (WTIF 2024), one of the series activities of Pujiang Innovation Forum, themed “Boundless Innovation, Collaborative Synergy”, was held in Lin-gang Special Area, Shanghai from September 26th to 28th, 2024.

During the opening ceremony, Zhao Chaofan, Director General, the Department of Science and Technology, Ministry of Industry and Information Technology (MIIT), Wang Dehua, Director of Incubation System Construction Division of Torch High Technology Industry Development Center Ministry of Science and Technology, Zhai Jinguo, Deputy Director of the Science and Technology Commission of Shanghai Municipality, and Peng Shiquan, Deputy Director of Lin-gang Special Area Management Committee attended and delivered welcome speeches. Li Youping, Deputy Director of the Torch Technology Industry Development Center, MIIT, Chen Xin, Vice President of Shanghai Association for Science and Technology, Sun Meng, Vice President of Shanghai Lingang Economic Development, and Huang Lihong, Director of Shanghai Technology Innovation Center, collectively launched WTIF 2024.
DMZ, The Drivery GmbH, London & Partners, UtrechtInc Startup Incubator, ITU Çekirdek Incubation Center,Startups House, 22 On Sloane, Caohejing Humanoid Robots Innovation Incubator, G60 Satellite Internet Incubator, Lingang Pujiang Entrepreneurship and Innovation Park, Lingang Medical Device Innovation Center and HCH Ventures officially joined “International Innovation Synergy and Incubation Alliance”.
Joint incubation contracts have been signed by several top-tier incubators: Startups House and Step Innovation, Peking University International S&T Innovation Center at Lingang and Lingang Science and Technology Investment, ITU Çekirdek Incubation Center and Shanghai Lingang United Development, 22 on Sloane and Lingang Pujiang Entrepreneurship and Innovation Park, USP Innovation Agency and Shanghai Pudong Software Park Incubator. Several letters of intent for project implementation have been signed, covering Nine Dimension Turing Technology and Caohejing Hi-Tech Park, Beijing Haibaichuan Technology and Shanghai Lingang United Development, and Paragraf Ltd and Shanghai Lingang Economic Development Group Technology Investment.
During the keynote speech, Dr. Frederico Lourenco, Vice President of Portfolio Strategy and Operations, Flagship Pioneering, and Prof. Kwang-Geun (James) Lee, Chairman of Asian Association of Business Incubation (AABI) delivered thematic sharing. Mi Lei, Founding Partner of CASSTAR, had in-depth dialogue with Tian Mochen, Founder and CEO of Kiwimoore. Profound dialogues were also created between Dr Tony Raven, Former Chief Executive, Cambridge Enterprise, and Dr Simon Thomas FREng, Fellow of the Royal Academy of Engineering,CEO and Co-Founder, Paragraf Ltd.
In the roundtable discussion on Innovation Models and Cooperation Opportunities for Global Incubation, UBI Global, DMZ, Startups House, Lingang SYNLINX Life Science Professional Incubator, The Drivery GmbH and Xnode discussed on innovation models for global technology incubation.
The Conference was guided by the Torch High Technology Industry Development Center Ministry of Science and Technology, Science and Technology Commission of Shanghai Municipality and Technology Committee, Lin-gang Special Area Administration of China (Shanghai) Pilot Free Trade Zone, and Shanghai Association for Science and Technology, organized by Shanghai Lingang Economic Development and Shanghai Technology Innovation Center, and co-organized by Shanghai Lingang Economic Development Group Technology Investment, Shanghai Technology Business Incubator Association and Step Innovation.
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MiTAC Computing Technology Achieves Brand Consolidation, Expands Server Business

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TAOYUAN, Oct. 1, 2024 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (hereinafter referred to as MiTAC; stock symbol: 3706), has announced that the server brand TYAN® will be integrated with the MiTAC brand. Starting from October 1, 2024, all products will be branded under MiTAC, with the release of a new logo and updated official website. MiTAC Computing Technology Corporation website: http://www.mitaccomputing.com/

MiTAC entered the server ODM industry in 1999 as one of Taiwan’s pioneers in the server market. In 2007, it expanded its presence by acquiring Tyan Computer, building a reputation for designing high-performance motherboards and barebone systems targeting the high-end server market. Following the spinoff of MiTAC’s cloud computing business in 2014, MiTAC Computing Technology was established as a subsidiary of Mitac Holdings under the MiTAC-Synnex Group.
With over two decades of experience in server research, development, manufacturing, and sales, MiTAC Computing Technology has consistently pushed the boundaries of innovation by leveraging top talent and operational efficiency. Committed to earning customer trust and fostering mutual success, MiTAC designs and manufactures high-quality server products for OEMs and Cloud Service Providers (CSPs). Through its leading server brand of TYAN, MiTAC has garnered significant industry appreciations for its extensive expertise and success. Additionally, since July 2023, MiTAC Computing Technology has taken on Intel’s Datacenter Solutions Group (DSG) server business, further expanding its influence in the server market under the MiTAC brand.
Rick Hwang, President of MiTAC Computing Technology, explained that although MiTAC and TYAN serve distinct market segments, their integration under a single brand will streamline distribution strategies, create brand management synergies, and strengthen MiTAC’s overall market presence.
The brand integration process is fully completed by October 1, 2024, consolidating all products under the MiTAC brand. As the demand for generative AI continues to grow, MiTAC Computing Technology is committed to advancing its AI server product line by leveraging its R&D strengths. “Our commitment to delivering superior solutions and service to our customers remains unwavering,” said Rick Hwang. “By unifying our brand, we aim to enhance the value of MiTAC’s offerings, providing a seamless and consistent customer experience across all customers.”
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corp. (TSE:3706), specializes in cloud, AI/HPC and edge computing solutions and has over 30 years of design and manufacturing expertise. With a strong focus on large-scale data centers, MiTAC offers flexible and customized solutions for various systems and applications. Our product lineup includes TYAN servers, ORAN servers, high-performance AI servers, and other data center products.
Originally, MiTAC operated the server channel business under the TYAN brand and began selling Intel DSG server products under the MiTAC brand in July 2023. As of October 2024, we have integrated the TYAN and MiTAC brands to streamline our operations and enhance brand management. MiTAC now serves as the sole brand name for all our products.
MiTAC Computing Technology Corporation website:http://www.mitaccomputing.com/
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Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

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FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
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