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Medical Coating Market - Competitors And Trends

06-26-2018 03:51 PM CET | Health & Medicine

Press release from: Medical Device

Advancements in technology such as target specific drug delivery system plays an important role in driving growth of the medical coating market. In 2017, Precision Coatings Co. Inc., a leading player in Fluropolymers applicator collaborated with DCHN LLC, specialised in anodic coating and printing expert, to combine their expertise to provide best in class medical coating service. Moreover, the key players adopt merger and acquisition strategies to thrive into the medical coating market. For instance, in 2011, Kensey Nash Corporation, a medical device company, acquired Nerites Corporation, a developer of medical adhesive and anti-fouling coating. The acquisition is intended to explore Nerites anti-fouling technology for preventing bacterial biofilm formation.

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Medical Coating Market - Restraints

The global medical coating market is restrained by time-consuming regulatory approvals and low shelf life. Advancement in medical device, equipment or implantable devices propel the demand for medical coating, which is strictly monitored by regulatory organisations such as FDA.

Medical Coating Market - Competitors

Key players operating in medical coating market include Freudenberg Medical Europe GmbH, Surmodics Inc., Hydromer Inc., Precision Coatings Co. Inc., AST Products Inc., Abbott Laboratories, Biocoat Inc., Covalon Technologies Ltd., Harland Medical Systems Inc., and Specialty Coating Systems Inc.

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