Medical Device Coating market Restraints, Research Methodology And Forecast To 2027 | AST Products, Inc., N8 Medical Inc, Surmodics Inc.,

Medical device coatings are substances that enhance the maneuverability and performance of medical devices. These coatings reduce friction for catheters, guidewires and other minimally invasive devices. Medical device coatings are primarily classified as lubricious, anti-microbial, drug-eluting stent, and parylene polymer. These coatings are primarily incorporated on class II and class III medical devices.

Companies operating in the market are receiving approvals for products based on advanced coating technologies which is driving the growth of medical device coatings market through the forecast period. For instance, in June 2020, Surmodics, Inc. a provider of medical device and in vitro diagnostic technologies, received CE Mark Certification for SurVeil drug-coated balloon (DCB) in the European Union. It is a next-generation device which is used for treatment of peripheral artery disease (PAD) which is manufactured using innovative process for ensuring coat uniformity.

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Detailed Segmentation:

Global Medical Device Coatings Market, By Product Type:
Hydrophilic
Antimicrobial

Global Medical Device Coatings Market, By Application:
General Surgery
Cardiovascular Surgery

Moreover, key players operating in the medical device coatings market are using several business development strategies such as acquisition, mergers and collaboration for expanding their product offerings. For instance, in November 2020, Advanced Medical Solutions Group plc acquired Raleigh Adhesive Coatings Limited, a medical device coating company. The acquisition strengthened company’s position in woundcare sector by expanding their in-house specialist services such as acrylic & silicone coating, bulk materials converting capabilities and perforation processing among others.

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Furthermore, the technological innovation in medical device coating can be further attributed to boost the market growth. For instance, in June 2021, Precision Coating Co., Inc.’s vice president discussed innovations in medical device coatings at a webinar. The webinar focused on technological innovation in medical device coating such as MICRALOX which offers several advantages such as long-lasting and virtually indestructible surface, and superior chemical & corrosion resistance surface.

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