Medical Device Coatings Market Progresses for Huge Profits of USD 18.14 billion by 2022

Synopsis of Global Medical Device Coatings Market
Commenting on this report, an analyst from Market Research Future’s (MRFR) team said: “The market of Medical Device Coatings is growing rapidly due to its wide application such as Orthopedics, Neurology, Gynecology, Cardiovascular and Others. The Medical Device Coatings Market size is estimated to grow to USD 18.14 billion in 2022 maintaining the CAGR of 7.9% from 2016 to 2022. Rising technological advancement such as introduction of fluorinated, silver and spin coatings, usage of hydroxyapatite and micro blasting technique are drivers of the market.

Segmentation of the Market
The Medical Device Coatings Market is segmented on basis of type namely hydrophilic, antimicrobial coatings, drug eluting, and anti-thrombogenic. Antimicrobial coatings accounts for 40.2% of the overall market volume share and are expected to show a significant growth due to rising concern about cleanliness in various professional industries which is the core of this market’s development has led to the development of this market. Antimicrobial coating is utilized to protect a surface from micro-organism.
Hydrophilic coating is expected to increase revenue of this market with the CAGR of 8.5% from 2016 to 2022 Growing consumer awareness regarding diversified characteristics of hydrophilic coatings, including durability, low friction coefficient and low particulate count, is expected to increase the market growth of global medical device coating in the medical industry. As a result, the demand for related product is expected to increase in the next nine years.

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Key Players
Key players of the global medical device coatings market are Hydromer Inc., Materion Corp., Surmodics Inc., Sono-Tek Corp, Abbott Laboratories, Royal DSM N.V., Specialty Coating Systems Inc., Parlex Corp., Kane Biotech Inc., Precision Coating Company Inc., N8 Medical Inc, Biocoat, Inc., and others

Application segment
The medical device coatings market is segmented on basis of application namely orthopedics, neurology, gynecology, cardiovascular and others. Cardiovascular will witness significant increase in usage of medical device coating maintaining a CAGR of 8.1 % from 2016 to 2022 due to increase in use of implants and cardiac pacemakers.
The increasing demand of these devices due to of growing geriatric population and unhealthy dietary habits coupled with sedentary lifestyle will increase cases of cardiovascular diseases. However along with this increasing knowledge about leading a healthy lifestyle, its benefits and increasing disposable income is expected to increase the demand for better medical facilities which will further add to the growth on this industry in the forecasted period.

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Table of Content

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure

3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model

4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Medical Device Coatings Market
Continue………

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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