Medical Device Coatings Market Expected To Grow At Rapid Rate, Reaching About USD 11.8 Billion by 2021

03-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Medical Device Coatings Market (Hydrophilic Coatings, Anti-Microbial Coatings, Anti-Thrombogenic Coatings, Drug-Eluting Coatings and Other Coatings) 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.” The global medical device coatings market, as per the report, was capitalized at about USD 8.1 Billion in 2015 and is anticipated to produce income of USD 11.8 Billion by end of 2021, expanding at about 7.8% CAGR from 2016 to 2021.

Medical device coatings are generally utilized in the healthcare industry; it assist to transform the surfaces of equipment, implants, and devices. Medical device coating assists to enhance the surface traits of medical devices. The rise in a dispersion of contact diseases, particularly in healthcare facility providing units has led to a rise in requirement for medical device coating. The equipment can function as a means for spreading numerous diseases after a specific period as they are continually utilized and come in continual touch with human body. Medical device coatings assist to surge the overall effectiveness of medical devices.

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The growth of the global medical device coatings market is majorly propelled by the expansion of medical device market in Asia Pacific region, particularly in China. The rising demand for less invasive techniques together with technological advancements is also contributing to the growth of the market. Nevertheless, volatile raw material costs and stringent government policies enforced on this market are key limitation that might hamper the market growth. However, the rising requirement for nano-coatings as the material for medical device coating is projected to unravel new prospects for medical device coatings market in the coming period.

The medical device coatings market is bifurcated based on products, such as anti-microbial coatings, hydrophilic coatings, drug-eluting coatings, anti-thrombogenic coatings, and other coatings. The anti-microbial coating in 2015 was the biggest segment in medical device coatings market and recorded highest share of the entire market. Furthermore, it is anticipated to maintain its supremacy and be the rapidly developing segment over the forecast period in the global market. Hydrophilic coatings segment is projected to observe rapid expansion owing to the suitable wetting capability offered by them that assist in smooth lubrication and thus, results in its use in a number of medical devices.

Based on end-user segment, the market is bifurcated into neurology, orthopedics, general surgery, cardiovascular, dentistry, gynecology, and other. In terms of revenue, the global medical device coatings market was governed by the general surgery end-user segment whereas cardiovascular and orthopedic devices segment also showed momentous growth. The cardiovascular device is projected to have a noteworthy growth in the years to come.

Regionally, the global medical device coatings market is segmented into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. North America is projected to stay ruling region in 2015 over the forecast period. Europe was the second-biggest market in 2015 for medical device coating. Asia Pacific is anticipated to be the rapidly developing and the biggest revenue-contributing region in the years to come in medical device coatings market. Additionally, Latin America is also projected to display noteworthy expansion in the coming period.

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

This report segments the global medical device coatings market as follows:

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

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