Global Medical Device Coating Market Synopsis
Medical Device Coating is an integral factor to ensure patient’s safety & the extended durability of the devices. In addition to providing protection against susceptible attacks of various microbial factors and other pathogens, the coating also offers resistance to corrosion & friction, increasing the lubricity of the various types of devices and implants. Patient’s safety being a paramount concern, it drives the demand for the Medical Device Coating, in turn, driving the market growth pervasively.
Global Leaders
Materion Corporation (US), Surmodics, Inc. (US), Hydromer Inc. (US), Speciality Coating Systems Inc. (US), Sono-Tek Corp (US), Royal DSM N.V (The Netherlands), Biocoat Incorporated (US) and Precision Coating Company, Inc. (US) are some of the prominent players competing in the Global Medical Device Coating Market and are profiled in MRFR Analysis
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Global Medical Device Coating Market Competitive Landscape
The Medical Device Coating market is fiercely competitive with the presence of several large and small players operating in the market. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players. Focused on improving their market performance, the market players are acquiring promising companies to expand in the fast-growing markets.
Industry/ Innovation/ Related News
March 20, 2018 – DSM Biomedical (the Netherlands), a global science company active in health, nutrition, and materials, launched a dedicated website for its technology – Uralac®, a breakthrough technology, enabling powder coating of heat-sensitive substrates such as MDF (medium-density fiberboard).
February 01, 2018 – Surface Solutions (US) announced that its the Cathodic-arc PVD coating services, that can increase the life of a device by providing a harder, more lubricious and wear-resistant surface is increasingly used by medical device manufacturers to enhance their devices’ performance and to design their devices with the unrivalled (distinguishing) appearance, among similar products. Also, the hard, biocompatible, inert coatings don’t react with tissue, bone or bodily fluids.
December 20, 2017 – West Pharmaceutical Services (US), a leading global manufacturer in the design and production of hi-tech delivery systems for injectable medicines, launched FluroTec barrier film, a coating film to be applied to elastomer closures as well as plunger or piston & components for syringe or cartridge-based technologies used with auto-injector and pen systems.
Detailed Regional Analysis
The regional analysis of the medical device coating market globally is segmented into regions such as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. The North American region is accountable for the principal market share as of 2016 and is estimated to develop at a substantial CAGR for the duration of the forecast period. The North American region is leading the market owing to the availability of considerable number of medical devices manufacturers in this region. The North American region is trailed by the European region, which is responsible for the next major market share and it is expected to achieve USD 2,763.0 million by the end of 2023. Germany is responsible for the maximum market share in the European region and is estimated to continue its dominance through the forecast period due to elevated penetration of end user industries in the nation. The Asia Pacific region is also a significant region in the medical device coating market, which is anticipated to develop at the top CAGR of 6.39 percent through the forecast period. China leads the Asia Pacific market in terms of both volume and value. The Asia Pacific region is followed by the Latin America and the Middle East & Africa region which anticipated to develop at a reasonable rate through the forecast period.
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Segmental Analysis
The Segment – Antimicrobial by coating Types dominated the market with the largest share and is estimated to grow at a considerable CAGR during the forecast period.
Whereas segment Hydrophilic Coating will account for the dominating segment, expected to grow at 5.81% of a CAGR.
While Segment Cardiovascular by applications is expected to expand rapidly to reach USD 4,320.3 million by 2023 due to the wide penetration of medical devices in cardiac surgeries and pacemakers.
On the other hand, Segment Cardiology followed by orthopaedic and neurology segments will be registering a higher CAGR during 2017-2023.
Intended Audience
- Manufacturers and Distributors of Medical Device Coatings
- Manufacturers and Distributors of Medical Device Coatings
- Suppliers and Traders
- Government, Associations and Industrial Bodies
- Investors and Trade experts
- Consulting in Chemical Experts
LIST OF FIGURES
FIGURE 1 Global Medical Device Coatings Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Medical Device Coatings Market
FIGURE 4 Value Chain Of Global Medical Device Coatings Market
FIGURE 5 Share Of Global Medical Device Coatings Market In 2014, By Country (In %)
FIGURE 6 Global Medical Device Coatings Market, 2015-2022, (USD Billion)
FIGURE 7 Sub-Segments Of Applications S
FIGURE 8 Global Medical Device Coatings Market Size By Applications , 2015
FIGURE 9 Share Of Global Medical Device Coatings Market By Applications , 2012 To 2022
FIGURE 10 Global Medical Device Coatings Market Size By Type, 2015
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