Medical Device Coatings Market Brief Analysis On Top Key players Like Surmodics, Inc., Covalon Technologies Ltd., Royal DSM, Hydromer, Precision Coatings Co., AST Products Inc., Biocoat Inc.
Global Medical Device Coatings (MDC) Market was valued at $11,032 million in 2016, and is estimated to reach at $17,400 million by 2023, registering a CAGR of 6.8% from 2017 to 2023.
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Medical device coatings (MDCs) are materials that offer surgeons, physicians, and healthcare professionals improved maneuverability required during surgical intervention. In addition, they reduce the trauma subjected to blood vessels during surgery and decrease thrombogenicity in patients. Orthopedic implants coated with medical coating are an ideal surface structure for safe, fast, and durable bone integration.
The major factors that drive the global MDC market are advancement & emergence of novel medical devices, stringent regulatory policies with respect to MDC, increase in demand for implantable devices, surge in disposable income of the global population, and rise in awareness of hospital acquired infections (HAI). However, frequent change in raw material prices and time-consuming regulatory approvals are expected to restrain the market growth. Furthermore, untapped potential of emerging markets, such as China and India, and the surge in market of multifunctional coatings provides lucrative opportunities to the market players.
The metals MDC materials segment occupied the highest share in MDC materials market in 2016, owing to their usage applicability and availability in medical & clinical settings. The hydrophobic coating segment witnessed the highest growth rate in 2016, and is anticipated to dominate the market during the forecast period.
The utilization rate of medical device coatings is high for the general surgical devices and is expected to grow at a CAGR of 4.5% during the forecast period. This is attributable to increase in use of MDC in hernia repair devices, thoracic surgical devices, and colonoscopy based transplants devices.
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Table of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. TOP PLAYER POSITIONING (2016)
3.4. PATENTS ANALYSIS
3.4.1. Patent analysis by year (2010-2016)
3.4.2. Patent analysis by region
3.5. PORTER’S FIVE FORCES ANALYSIS
3.6. MARKET DYNAMICS
126.96.36.199. Technological advancements associated with MDC systems
188.8.131.52. Availability of improved and error-free MDC systems
184.108.40.206. Dearth of skilled professionals
220.127.116.11. Laboratory budget constraints affect the procurement of MDC systems
18.104.22.168. Complex operability of latest liquid handling systems
22.214.171.124. Untapped potential of emerging markets
126.96.36.199. Development of miniaturized MDC systems
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