Medical Coatings Market Insights Shared in Detail Report 2019 to 2023

GLOBAL MEDICAL COATINGS MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2023):-
The report presents an opportunity to unlock comprehensive insights with respect to the Global Medical Coatings Market and helps in forming well-informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the Medical Coatings Market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Medical Coatings Market: Koninklijke DSM N.V., AST Products, Inc., Hydromer Inc., Biocoat Incorporated, Covalon Technologies Ltd., Precision Coating Company, Inc., Surmodics, Inc., Freudenberg Group, Medicoat AG, Merit Medical Coatings BV, and Harland Medical Systems, Inc., and others.

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KEY DEVELOPMENTS
- August 2018: Integer Holdings Corporation, a leading medical device outsource manufacturer, has entered into an agreement to sell its Advanced Surgical and Orthopedics product lines to MedPlast, LLC. With this, in addition to expanding MedPlast’s offering into a broad range of metals manufacturing capabilities, including machining, stamping, coating and metal forming, it will further strengthen the company’s front-end design, development and prototyping services. The acquisition will double MedPlast’s size to nearly USD 1 billion in sales, as well as its global footprint, with an expanded presence in Europe.

DEMAND FOR COATINGS FROM MEDICAL DEVICES CONTINUE TO GROW GLOBALLY
Medical devices accounted the largest share of the market in 2017 and are expected to witness a significant CAGR from 2018 to 2023. Medical device industry is changing and evolving continuously, unrivaled in the life sciences industry. Medical devices such as cardiovascular, optical, orthopedic, endoscopic, radiology devices, drug delivery systems, IVD devices, etc. require coatings for their smooth and efficient functioning along with enhancing the durability of equipment and offer dielectric properties, dry-film lubricity and thermal stability, reduce friction between devices and tissues and provide wetting, surface coverage and coating homogeneity. Coatings used for various applications need to be compatible with the substrate on which these are applied and should be able to withstand the sterilization, cleaning, and other conditions in which the devices might be used.

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INCREASING GLOBAL POPULATION WITH HEALTHCARE ISSUES DRIVING THE MEDICAL COATINGS MARKET
With the ever-increasing population, healthcare issues will also increase. Due to planned and unplanned activities or changing environments, or unhealthy lifestyles, humans come in contact with many different organisms or sources that have the capacity to cause diseases or disabilities. The major causes for diseases or injury worldwide are heart diseases, road traffic accidents, cerebrovascular disease, chronic obstructive pulmonary disease, lower respiratory infections, tuberculosis, war, diarrhea diseases, HIV, congenital anomalies, trachea, bronchus and lung cancer, etc. With breakthroughs in the medical field, implantable devices and alteration from conventional operational practice to minimally invasive medical procedure acts have gained popularity. Implantable devices such as dental implants, orthopedic implants, neurostimulator devices are in trend. Artificial hip, artificial knee and cardiac pacemakers are some of the other common medical devices that require coatings.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, Medical Coatings, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Medical Coatings Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The report has 150 tables and figures browse the report description and TOC:
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This release was published on openPR.