San Francisco, 10 January 2019: The Report Medical Device Coatings Market Analysis By Product (Hydrophilic, Antimicrobial,
Drug-Eluting, Anti-Thrombogenic), By Application (Neurology, Orthopedics,
General Surgery, Cardiovascular, Dentistry, Gynecology), And Segment Forecasts,
2018 - 2025
The global medical device coatings market size is expected to reach USD15.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for coatings as it improves biocompatibility between living tissue and the medical device will augment the industry growth. The growing preference for implantable and non-implantable medical equipment along with rising number of private and public hospitals will fuel market growth.
Technological innovation including the
introduction of antimicrobial microRESIST technology for orthopedic implants
and catheters which eliminate micro organisms will augment market growth over
the forecast period. The product offers lubricity and a smooth outer surface
for easy insertion of the guidewires and catheters, which in turn, will propel
demand over the forecast period.
Antimicrobial coatings is expected to
witness considerable revenue growth at a CAGR of 7.0% from 2016 to 2025 as they
protect surfaces from microbes including fungi, parasites, bacteria, and germs.
The rising number of hospitals along with the increasing requirement for
healthcare facilities creates a need for sophisticated devices and equipment,
which will augment product demand.
Access
Research Report of Medical Device Coatings Market @ www.grandviewresearch.com/industry-analysis/medical-device-coatings-market
Further
key findings from the report suggest:
· Asia Pacific accounted for 20.3% of the
global revenue share in 2015 and is anticipated to show substantial growth in
light of rising living standard and increasing healthcare expenditure mainly in
China and India.
· Presence of major medical device
manufacturers in China including Jiaxing Smir Medical Devices Co., Ltd.,
Medtec, and GE Healthcare will drive the market growth over the next nine
years.
· Central & South America is expected to
witness high revenue gains at a CAGR of 7.9% from 2016 to 2025 on account of
rising medical equipment usage in Brazil owing to high healthcare coverage
along with increasing number of plastic surgeries in the country
· General surgery was the dominant segment
and accounted for 25.3% of the overall volume share in 2015 and will witness
growth as it offers superior durability and resistance to wear for the vascular
surgery equipment will propel market size.
· The industry is highly competitive in
nature with the main players including Sono-Tek Corp., Materion Corp., Hydromer
Inc., Biocoat Inc., SurModics Inc., DSM Biomedical, Specialty Coatings Systems,
Inc., and AST Products, Inc.
· DSM offers Comfort Coat hydrophilic
lubricious coating for various products including catheters and delivery
systems which enhance the maneuverability of catheters and patient comfort by
maintaining lubricity throughout the procedure
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
global medical device coatings market on the basis of product, application, and
region:
Product Outlook (Volume, Kilo Tons;
Revenue, USD Million;2014 - 2025)
·
Hydrophilic coatings
·
Antimicrobial coatings
·
Drug-eluting coatings
·
Anti-thrombogenic coatings
·
Others
Application Outlook (Volume, Kilo Tons;
Revenue, USD Million;2014 - 2025)
·
Neurology
·
Orthopedics
·
General surgery
·
Cardiovascular
·
Dentistry
·
Gynecology
·
Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million;2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Medical
Device Coatings Market@ www.grandviewresearch.com/press-release/global-medical-device-coatings-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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