Breakthrough in Sports Medicine: Osteonic Launches Biodegradable Devices for Global Market

In a significant move that signals a new era in sports medicine, South Korea-based surgical and medical instruments maker Osteonic Co. has announced the start of exports of its innovative Kinex sports medicine products to Japan. This milestone marks another step forward in the company's ambitious plans to expand its global footprint.

According to CEO Lee Dong-won, the number of export markets and scale of sports medicine products will steadily rise, with sales in the US expected to begin next year. The supply deal with Zimmer Biomet, a leading orthopedic medical device manufacturer, is expected to create even more explosive growth.

Kinex products have already shown impressive results since their launch in 2018. From a humble start of 200 million won in their first year, sales skyrocketed to 4.4 billion won last year. This remarkable growth can be attributed to the unique features of Kinex products, which are made of independently developed biodegradable composite materials and rated bio-friendly with optimized physical strength and functions.

The global sports medicine market is expected to continue its upward trajectory, driven by advancements in biomaterials. In 2020, the market was valued at $5.7 billion (7 trillion won), with biomaterials accounting for over 93%. Kinex products are designed to connect bones and tissues during surgery, making them an essential tool in treating ligament injuries.

With its contract to exclusively supply Zimmer Biomet, Osteonic is poised for significant growth in the global market. Exports have already begun in Europe and Australia, with Japan being the latest addition to its customer base. The company's partnership with Zimmer Biomet has facilitated a smoother entry into the Japanese market, which is expected to further drive sales.

As Osteonic continues to expand its global reach, it is clear that the future of sports medicine holds much promise. With innovative products like Kinex leading the charge, athletes and patients alike can look forward to improved treatment options and outcomes. Stay tuned for more sportsstory downloads in this rapidly evolving field!

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