Global Medical Device Coating Materials Market – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Medical Device Coating Materials Market: By Material (Ceramics, Polymers, and Metals), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Coating (Hydrophobic, Hydrophilic), By Applications (Orthopedic Devices, General Surgery Devices, Cardiovascular Devices, Neurology Devices, Dentistry Devices, and Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global medical device coating materials market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Medical Device Coating Materials Market
Medical devices are the instruments or the apparatus that are intended for the use, alone or in combination for human beings for medical purpose. Advancements in the designing of the medical devices resulted in the use of the coating materials over the medical devices. The medical devices when come in contact with the external environment might result in unusual complications such as blood clots, tissue trauma, and bacterial infection. The coating over the medical devices help in improving the surface properties. The prolonged use of the medical device might cause friction and corrosion, which could be reduced by the coating over the medical device.
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Market Dynamics: Medical Device Coating Materials Market
The improving healthcare infrastructure is likely to enhance the growth of the medical device coating materials market. The emergence of the minimal invasive surgeries are driving the growth of the market owing to its improved safety and speedy recovery. The lesser chances of infection due to the coating materials used over the medical devices and increasing durability of the coated device compared with that of the uncoated device is expected to fuel the growth of the medical device coating materials market. However, the high cost of the device is likely to hamper the growth of the market. The stringent government regulations is hindering the growth of the medical device coating materials market.
Market Scope: Medical Device Coating Materials Market
Medical device coating materials market is segmented based on the material, coating, applications, and region
Based on the material, the market is segmented into the following:
- Ceramics
- Polymers
- Fluoropolymers
- Silicones
- Parylene
- Metals
- Titanium
- Silver
- Others
Based on the coating, the market is segmented into the following:
- Hydrophobic
- Hydrophilic
Based on the application, the market is segmented into the following:
- Orthopedics Devices
- General surgery Devices
- Cardiovascular Devices
- Neurology Devices
- Dentistry Devices
- Others Devices
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Regional Analysis: Medical Device Coating Materials Market
Geographically, global medical device coating materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America medical device coating materials market is dominant owing to its technological advancements. The awareness about the modern treatment techniques is enhancing the growth of the market in the region. The adoption of the modern surgical treatments is adding fuel for the growth of the market. Following the North America are the regions of Europe and Asia Pacific. Asia Pacific is expected to show significant growth over the forecast period owing to its developing healthcare sector and favorable investment policies.
Competition Assessment: Medical Device Coating Materials Market
Some of the players in the global medical device coating materials market include:
- Covalon Technologies Ltd. (Canada)
- Precision Coatings Inc. (U.S.)
- Royal DSM (Netherlands)
- Hydromer Inc. (U.S.)
- Surmodics Inc. (U.S.)
- AST Products Inc. (U.S.)
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Notable Market Developments: Medical Device Coating Materials Market
- In April 2017, Covalon Technologies Ltd, launched its new, Centaur low particulate, lubricious coating designed to improve the safety and functionality of intravascular medical devices.
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