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Medical Device Coatings Market Report Profiling Major Players in the Industry, Surmodics, Inc., Covalon Technologies Ltd., Royal DSM, Hydromer, Precision Coatings Co., AST Products Inc., Biocoat Inc.

03-22-2019 05:21 PM CET | Health & Medicine

Press release from: Allied Market Research

Medical Device Coatings Market

Medical Device Coatings Market

Global 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. Medical device coatings (MDCs) are substances that enhance the maneuverability and performance of medical devices. Their use results in reduced thrombogenicity and trauma to blood vessels. MDCs are utilized to protect the surfaces of different medical devices, such as cardiovascular, neurovascular, gynecological, and others.

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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
3.6.1. Drivers
3.6.1.1. Technological advancements associated with MDC systems
3.6.1.2. Availability of improved and error-free MDC systems
3.6.1.3. Dearth of skilled professionals
3.6.2. Restraints
3.6.2.1. Laboratory budget constraints affect the procurement of MDC systems
3.6.2.2. Complex operability of latest liquid handling systems
3.6.3. Opportunities
3.6.3.1. Untapped potential of emerging markets
3.6.3.2. Development of miniaturized MDC systems

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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