Medical Devices

At Evonik, we are committed to advancing the medical devices market, which is not only attractive but also poised for significant growth. With a market valuation of USD 640 billion in 2024, and projected to soar to USD 1.15 trillion by 2034, this sector presents unparalleled opportunities. The anticipated growth at a compound annual growth rate (CAGR) of 6% from 2024 to 2034 underscores its vibrancy and potential.

Indeed, the medical device industry is undergoing significant transformation, driven by a shift towards a continuum-of-care model that emphasizes providing personalized and patient-specific solutions across different settings and stages of life. As the global population ages, there is an increasing demand for innovative technologies tailored to individual patient needs. Advances in areas such as digitalization and robotics are enhancing precision and efficiency in medical devices with increasing complexity, leading to improved patient outcomes and experiences.

Additionally, the pressure to reduce costs is prompting manufacturers to streamline operations and simplify supply chains, while regionalization efforts bolster supply security and responsiveness. At Evonik, we take pride in our global footprint, which allows us to manage our supply chain effectively and support the evolving needs of the medical device market. We are committed to driving innovations that reflect these trends and enhance the standard of patient-centric care.

A strong partner for innovating life-changing medical devices. For more than 50 years Evonik has served customers worldwide with innovative materials and services for medical devices. With our global team of experts we support you at every stage of your product development. We offer a comprehensive portfolio of standard and customized biomaterials and value adding services that open up new possibilities for patient-specific treatment, empowering our customers to bring their ideas to life.

Evonik provides a wide range of biomaterial-based solutions for the medical device market. Our next-generation biomaterials are designed to meet the evolving demands of this sector, empowering our customers to swiftly bring impactful medical technologies to market. We offer comprehensive system solutions that include customization, advanced processing platforms, extensive application expertise, and robust regulatory support, all aimed at facilitating the development of cutting-edge medical devices. Our commitment to enhancing patient outcomes underscores the positive impact our materials have on people’s lives, reflecting our dedication to advancing the field of medical technology.

Rooted in science, driven by continuous innovation, and relentlessly committed to the United Nations Sustainable Development Goals, we empower our customers to accelerate time-to-market for new medical technologies that create life beyond limits.