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.
View summary of this report @ http://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: http://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
o
U.S.
·
Europe
o
Germany
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-medical-device-coatings-market
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