Global Medical Device Coatings Market Expected to Grow at a CAGR of 7.9% by 2022

Pune, India -- (SBWire) -- 07/07/2017 --Market Scenario

The global medical device coatings market is expected to grow at USD 18.14 billion in 2022 growing with the CAGR of 7.9% from 2016 to 2022. Drivers of this market are the increasing demand for medical coatings to be used in life saving devices from medical industry is expected to increase the consumption of medical coatings, rising demand for life saving devices from developing economies such as Asia Pacific and Latin America is expected to increase the consumption of medical coatings. However, the market might be hindered due to high cost, low shelf life, availability of substitutes and stringent government regulations.

The orthopedics segment is expected to grow tremendously at the CAGR during the forecast period. Antimicrobial coatings is expected to add considerable growth with the CAGR of 8.5% from 2016 to 2022. Antimicrobial coatings are trending due to as they protect surfaces from fungi, bacteria, and germs. The rising number of hospitals and clinics along with the increasing demand for healthcare facilities creates the need for sophisticated devices and equipments, which will further augment the product demand.

Geographically, maximum consumer of medical device coatings market is in North America followed by Asia-Pacific and all of them shows a remarkable growth in the market. The credit of which goes to growing better lifestyle and increasing disposable income.

Market Segments

Global Medical Device Coatings Market can be segmented as follows:
-Segmentation by Type: Hydrophilic, Antimicrobial, Drug Eluting, and Anti-Thrombogenic
-Segmentation by Application: Orthopedics, Neurology, Gynecology, Cardiovascular

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Study Objective of Medical Device Coatings Market

Estimating the market size by type and applications

To provide insights about market drivers, restrains and opportunities

To provide geographic market analysis and future outlook with respect to North America, Europe, Asia along with other parts of the world

To analyze the present status and future growth of global medical device coatings market based on various factors- supply chain analysis, Porters Five Force analysis etc.

To provide strategic profiling of key players in the market and broadly analyzing their core competencies

To evaluate competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments in the globalmedical device coatings market

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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.

Reasons to buy

This report includes an in-depth study analysis of medical device coatings market

It covers market segmentation by type and by applications

It helps in identifying region wise major suppliers and understanding consumption patterns.

The report will provide useful and premium insights that will support investments in medical device coatings and allied companies by providing detail on the fast growing segments and regions.

In addition, it will provide key findings that will help companies to improve profitability by using supply chain strategies and method of cost effectiveness related to various products mentioned in the report.

The data used in the report is primarily based on primary interviews with major producing companies and industry experts which are supported by authentic industry data from secondary sources.

Intended Audience
-Medical device coatings manufacturers
-Traders and distributors of medical device coatings
-Application industries
-Potential investors
-Raw material suppliers
-Nationalized laboratory