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Medical Coatings Market Research Report, By Type, By Application, By Region, Vendor Landscape, Company Market Share Analysis.

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Title: Medical Coatings Market Research Report, By Type, By Application, By Region, Vendor Landscape, Company Market Share Analysis.


1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Medical Coatings
Market. Medical Coatings Market Insights The
medical coatings market is expected to grow at a
significant CAGR during the forecast period. One
of the major factors driving the market growth is
the awareness among people about minimally
invasive surgery and healthcare-acquired
infection. Increase in the elderly population and
increasing awareness about healthcare coupled
with per capita healthcare expenditure and
various government initiatives to improve the
quality of healthcare infrastructure across all
the emerging economies are some of the other
factors boosting the growth of the
market. Medical devices, components, and
electronics require protection in order to be
effective and safe. Bodily fluids,
contamination, electrical charges, and moisture
can make the life-saving device ineffective and
useless. Medical coatings should be ideal and
sterilized for glass, plastics, metals, ceramics
and silicone rubber in order to make them
effective. The global market for medical
coatings is driven by advancement and inclination
towards minimally invasive procedures, the surge
in disposable incomes of the population across
the globe, increased demand for implantable
devices and rise in awareness among people about
HAI (hospital-acquired infections).
Medical Coatings Market By Type The medical
coatings market can be divided based on the type
into two segments namely, Hydrophilic and
Hydrophobic Coating. In terms of value and
volume, it is expected that hydrophilic coatings
market will grow at a high CAGR during the
forecast period. One of the factors contributing
to this growth is high lubrication, which in turn
increases the usage of hydrophilic coating in
medical devices such as cardiac pacemakers and
others. Other factors driving the demand for
hydrophilic
2
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS coatings are its ability to withstand
various maintenance procedures such as
sterilization, storage, and cleaning. There are
various other types of coatings based on the
functions and performance such as protective,
antimicrobial, lubricious, optical,
pharmacological and others. In terms of volume
antimicrobial coatings is accounted to have
majority share and is expected to hold its
dominance during the forecast period. The
factors driving the growth are high compatibility
with various devices and low cost. It is
anticipated that the increase in research and
development activities is going to boost up the
growth of antimicrobial coating in implantable
devices. Medical Coatings Market By
Applications Based on the application segment
the medical coatings market can be segmented into
medical devices, medical equipment, implants,
and tools. Presently, medical devices are
accounted to have the largest share of the
market and are expected to grow at a significant
CAGR during the forecast period. Medical
coatings are majorly used for coating devices
such as optical, cardiovascular, endoscopic,
orthopedic and radiology devices. These coatings
should be compatible with the substrate on which
these are applied and should be able to withstand
cleaning, sterilization and other conditions in
which the device can be used. In terms of
volume, it is anticipated that cardiovascular
will witness significant gain in CAGR during the
forecast period. The factor behind such growth
could be increased preference for cardiac
pacemakers and implants. Moreover, increased
government spending on healthcare and favorable
policies including reimbursement coverage will
boost the growth of the industry.
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Medical Coatings Market Regional
Insights North America is dominating the medical
coatings market, with the U.S. contributing its
majority share. North America was accounted as
the largest region in terms of market revenue
share for Medical Coatings Market. The region's
dominance can be attributed to the various
factors such as rising frequency of
cardiometabolic disorders (deep vein thrombosis
and pulmonary embolism) along with favorable
healthcare resources will boost the market
demand. Other factors such as rising awareness
among the general public regarding commercially
available products, a high number of advanced
surgical treatments and better healthcare
infrastructure will further boost the market
growth in the region. The Asia Pacific market
for medical coating is expected to deliver
significant revenue gain during the forecast
period. One of the factors behind this growth is
increasing demand for better healthcare
facilities coupled with an increasing number of
hospitals. High obesity amongst the general
population will make them prone to cardiac
diseases, which in turn will boost the demand for
medical equipment across the region. Medical
Coatings Market End-Use Landscape The end-use
landscape entails a list of current and
prospective consumers prevailing across the
regions. This section provides company addresses,
contact details, products, and regional presence
of companies who are purchasing or are likely to
purchase medical coatings over the coming years.
Some hospitals and ambulatory surgical centers
which are currently using medical coating devices
and are likely to use in the future are Abbott
Laboratories, Boston Scientific, Johnson
Johnson, Cardinal Health, Medtronic and
others. Medical Coatings Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Medical Coatings Market Share
Competitor Analysis Some of the key players
operating in the medical coatings markets are
Hydromer Inc, Royal DSM, AST Products, Surmodics
Inc., Precision Coatings, Abbott Laboratories,
Covalon Technologies, and others. In January
2014, DSM Royal started its medical coating
service plant for medical device component
geometrics and sizes for Comfortcoat hydrophilic
lubricious coatings. The company signed a merger
agreement in January 2012, with EPflex in order
to launch new set of guide wires for expansion of
its product portfolio.
4
  • GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
  • NSF, an American seed funding organization has
    made awarded 2500 awards to small businesses and
    startups. Since 2014, awardees have received USD
    3.5 billion in private investment. In year 2017,
    Apptronik received award of USD 224,924 by NSF in
    advanced manufacturing and Nanotechnologies.
  • The report segments the Medical Coatings Market
    on the basis of By Type
  • Hydrophilic and Hydrophobic Coating
  • By Application
  • Medical Devices
  • Implants
  • Medical Equipment Tools
  • By Region
  • North America
  • Europe
  • Asia Pacific
  • Central South America
  • Middle East Africa

This article contains text from the Medical
Coatings Market Forecast to 2025 report For
more information or to buy the report, please
visit https//www.globalmarketestimates.com/medic
al- coatings-market/ Check our annual
research partnership service at https//www.glob
almarketestimates.com/annual-research-partnership-
services/
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