The global Medical Device Coatings Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Medical Device Coatings
Market study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Medical Device
Coatings Market Forecast provides sizing and growth opportunities. It provides
comprehensive insights on the latest industry trends, forecast, and growth
drivers in the market. it also includes a detailed analysis of growth drivers,
challenges, and investment opportunities and delivers a complete overview of
segments and the regional outlook of the market.
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Development in the design
of medical devices such as guidewires, catheters and stents has enhanced the
quality of medical concern to a big extent. However, these equipments are
prepared by materials which when approaching a contact with the exterior
environment can source undesirable difficulties such as blood clots, bacterial infection,
and tissue trauma. Medical device coating is being utilized to lessen such
shortcomings. Medical device coating skill utilizes UV curing or an organic
solvent for the function of coating the medical equipment. Water-based or dry
formulations are utilized as coating technology which facilitates solvent free
dispensation.
The medical equipment
coatings market is determined by growing healthcare consciousness in developing
and developed countries coupled with growing demand for enhanced healthcare &
medical facilities. Medical device or equipment coatings are being utilized for
wear & tear, to counter microbial growth and avoidance of infection by
medical devices. Moreover, major foreign investment in the medical equipment
industry in China coupled with compassionate governmental policies and
regulations is expected to drive requirement of medical equipment or device
coatings.
Growing requirement of
nanotechnology supported coatings is projected to provide superior
opportunities for industry growth over the forecast period. Though, instability
in a cost of raw materials coupled with severe governmental policy and
regulations is expected to obstruct market growth over the forecast period.
Medical device or equipment coatings assist in plummeting the roughness between
tissues and medical devices, wetting, wear-resistance, uniform adhesion, offers
surface coverage and coating homogeneity. Growing awareness about modestly
persistent surgeries amongst the patients is expected to drive the worldwide
medical device coating industry. In addition to which, expansion prospect in
medical industries coupled with budding economies is expected to drive the
worldwide market for medical device coatings to some level over the forecast
period. Growing people anxiety towards wellbeing and health coupled with
growing disposable earnings is however expected to augment the demand for
enhanced medical facilities over the forecast period. Moreover, shifting
government regulation for medical devices around diverse countries may obstruct
the expansion of medical device coating industry to some extent.
The occurrence of epidemics
is growing at an upsetting rate. The high occurrence of chronic sickness,
increasing awareness about cleanliness, and growing worldwide population are critical
reasons that are expected to fuel the demand of medical device or equipment
coatings market globally. While the development prospects of the industry seem
very capable, execution of severe government regulations and unstable raw
material prices may obstruct the market expansion to a level over the forecast
period. On the basis of formulation of medical device coatings, the market can
be segregated into dry lubricant coatings, super-hydrophilic coatings, and
adhesive coating.
Dry Lubricant coating is
expected to capture maximum market share over the forecast period owing to its
extensive use over the forecast period. The super-hydrophilic medical device
coating is accepted to grow at a very fast rate over the forecast period owing
to increasing demand for such devices which demands great optical clarity
coupled with excellent water attraction. On the basis of a type, the market can
be segregated into Drug-eluting coatings, Hydrophilic coatings, and
Anti-microbial coatings. Antimicrobial coatings are expected to capture maximum
profit over the forecast period owing to their huge demand in medical and
healthcare industry. The drug-eluting coating is expected to capture the second
largest revenue over the forecast period owing to their capability of slow releasing
of drugs for removal of blockages in veins or arteries.
Hydrophilic coatings are
expected to be the fastest growing section over the forecast period owing to
their capability of providing smooth lubrication when they are in touch with
human tissue. On the basis of their utilization over medical industry, the
market can be segregated into orthopaedics, neurology, surgery, gynecology,
cardiology, ophthalmology, dentistry and others. Cardiology is expected to
capture maximum revenue over the forecast period owing to their extensive use
in various instruments such as angioplasty, balloon catheters, occlusion
devices, percutaneous devices, coronary stents, guide wires, and others.
On the basis of a
geographical region, the market can be segregated into Asia Pacific, North
America, Europe and Rest of World. North America is expected to capture maximum
market share in terms of revenue over the forecast period owing to the US which
is expected to be the huge market for medical device coating. Asia Pacific is
expected to grow rapidly over the forecast period owing to developing market of
India and China. Superior growth outlook in the medical & healthcare
industry has pressurized many multinational companies to endow more in the
budding market of Asia Pacific. Europe is expected to be the second-largest
market in terms of revenue Some of the key players in the market are Sono-Tek
Corp, Royal DSM N.V., Parlex Corp, TheraSyn Pharmaceuticals Inc., N8 Medical
Inc, Hydromer Inc., Abbott Laboratories, Materion Corp., Surmodics Inc., AST
Products, Precision Coating Company Inc., Kane Biotech Inc. and Specialty
Coating Systems Inc.
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