Increase in Epidemic Diseases and Increasing Awareness about Hospital Spread Diseases is Expected to Trigger the Growth of Medical Device Coatings Industry

06-Sep-2016 | Zion Market Research

Medical devices which are essential tools used in healthcare industry for daily activities are coated in order to modify the surfaces of devices, equipment, and implants. Medical device coating helps to improve the surface properties of medical devices. Increase in spread of contact diseases, especially in healthcare facility providing sites has resulted in increase in demand for medical device coating. According to Zion Market Research Analysis, the global medical devices coatings market was valued at approximate USD 8.1 billion in 2015 and expected to reach approximately USD 11.8 billion by 2021, growing at a CAGR of around 7.8% between 2016 and 2021.   

The medical device coatings market has experienced a rapid growth in the last few years on account of the increasing demand form antimicrobial coatings. Based on product, the market is segmented into hydrophilic coatings, anti-microbial coatings, anti-thrombogenic coatings, drug-eluting coatings and other coatings. Antimicrobial coatings and hydrophilic coatings are two major segments of medical device coatings market. Increasing demand for minimally invasive procedures coupled along with technological innovations are expected to propel the market growth in the years to come. However, volatile raw material prices and strict government regulations implied on this industry is expected to affect the industry over the forecast period. Nevertheless, nano – coatings is projected to open up new growth avenues in the coming years.

Browse the full "Medical Device Coatings (Hydrophilic Coatings, Anti-Microbial Coatings, Anti-Thrombogenic Coatings, Drug-Eluting Coatings and Other Coatings) Market for Orthopedics, Neurology, Cardiovascular, General Surgery, Gynecology, Dentistry and Other End-users: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" Report with TOC at https://www.zionmarketresearch.com/report/medical-device-coatings-market

Based on end-user, the medical device coatings market can be categorized into orthopedics, neurology, cardiovascular, general surgery, gynecology, dentistry and other end-user segments. General surgery and cardiovascular devices are two major segments of medical device coatings market. Cardiovascular device is projected to be the fastest growing end-user segment as a result of increasing usage of cardiac pace makers and implants.

Based on geography, the global market of medical device coatings market is bifurcated into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America was the largest regional market for medical device coatings in 2015. North America holds more than 40% share of global medical device coatings market. Europe followed North America in terms of demand in 2015.  Asia Pacific is expected to be the fastest regional market for medical device coatings. In Asia, China and India will continue to be the fastest growing markets in medical device coatings market. Latin America is expected to exhibit strong growth within the forecast period on account of increasing aging population and increasing health awareness in Brazil. 

Some of the key players in this market are Hydromer, Inc., Hemoteq AG, Covalon Technologies Ltd., SurModics, Inc., Royal DSM N.V., BioCoat, Inc., Coatings2Go, LLC, Harland Medical Systems, Inc., Merit Medical Systems, Inc., Sono-Tek Corporation., PPG Industries, Inc. and Precision Coating Company, Inc.

The report segments the global medical device coatings market as:

Global Medical Device Coatings Market: Product Segment Analysis

  • Hydrophilic Coatings
  • Anti-Microbial Coatings
  • Anti-Thrombogenic Coatings
  • Drug-Eluting Coatings
  • Other Coatings

Global Medical Device Coatings Market: End-user Segment Analysis

  • Orthopedics
  • Neurology
  • Cardiovascular
  • General Surgery
  • Gynecology
  • Dentistry
  • Others

Global Medical Device Coatings Market: Regional Segment Analysis

  • North America 
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Browse press release at https://www.zionmarketresearch.com/news/global-medical-device-coatings-market

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