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Global Medical Device Coating Market was Worth US$ 7,376.9 Million in 2021, Growing at an Estimated CAGR of 7.5% over the Forecast Period: A Report by Absolute Markets Insights

Published On 25 Oct 2022 06:00 AM


Healthcare sector has undoubtedly seen maximum progress over the period of last several decades. Today the world demands best treatment and is willing to pay the needed amount for this. Currently several new treatments are being rendered to treat numerous diseases. Along with precision and supreme performance, safety is an extremely important factor when it comes to determine the popularity of any product. In order to enhance the safety of any product, an additional layer of coating is applied to any product to help it become more durable. This holds true even in the case of medical devices too. A special type of coating is used in the medical devices to increase their efficacy and safety. Medical device coatings mainly helps in ensuring safety in both short and longer period of the patients. This coatings are extremely important in devices like implants as they are placed in the one’s body and are required to prove compatibility with it. The need for newest type of treatments and medical devices are continuously surging, courtesy of growing spending capacity of the patient. This eventually helps in creation of higher demand for safer medical devices like implants, lenses and blades. Owing to several factors like this these factors, the global medical device coating market grow at a fantastic speed.

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While majority of industries suffered huge losses during the COVID-19 pandemic, the global medical device coating market saw tremendous growth. Amid rising number of hospitalizations owing to the life-threatening SARS CoV2 virus, the demand for advanced yet safe products surged. As the global economy is recovering rapidly, this market is expected to continue take giant strides on the path of growth.

One of the major factors that drives the growth of the global medical device coating market is its effectiveness in implants that are directly placed in human body like stents, oral implants and steel rods used in orthopedic treatments. On the other hand, higher costs related to metallic coating is likely to derail the global medical device coating market from the track of progress. Though rising requirements for safer treatments is the reason why the global medical device coating market is forecasted to witness massive growth over the period of next couple of years.

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Global Medical Device Coating Market Findings: 

  • The hydrophilic coating segment of the global medical device coating market is forecasted to witness growth at the fastest rate owing to its effectiveness in moist situation. Its capability to use moisture or water for the betterment of the device makes it ideal for implants.
  • Oral implants are a hot-selling medical device currently. Not just they are safe, they are extremely efficient and durable courtesy of metallic coatings used in them. This is the reason why the implants is expected to mint money at the fastest rate over the period of forecast.
  • The region of Asia Pacific is forecasted to see growth at the fastest rate for this market. Disposable income of people living in countries like India and China are constantly going upwards, and this will help the global medical device coating market grow rampantly.

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Some of the major players operating in the global medical device coating market are listed below:

  • AST Products, Inc.
  • Biocoat Incorporated
  • Calico Coatings
  • Coatings2Go LLC
  • Covalon Technologies Ltd.
  • DSM
  • Endura Coatings
  • Freudenberg Medical
  • Harland Medical Systems, Inc.
  • Hydromer Inc.
  • Surmodics, Inc.
  • Other Market Participants

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Global Medical Device Coating Market 

By Type                                  

  • Hydrophilic Coatings
  • Hydrophobic Coatings

By Device Type                     

  • Catheters
    • Angioplasty Catheters
    • Laser, Orbital, and Mechanical Atherectomy Catheters
    • Visualization Catheters (IVUS and OCT)
    • Central Venous Catheters
    • Diagnostics Catheters
    • Electrophysiology Catheters
    • Others
  • Coronary Stent Systems
  • Pacemakers and Pacemaker Leads
  • Implants
  • Applicators/ Inserters
  • Access Systems
  • Intraocular Lens (IOL) Injectors
  • Chronic Total Occlusion Devices
  • Lenses
  • Balloons
  • Specialty Guide Wires
  • Surgical Disposable Instrumentation Devices (Blades, Anvils, Triggers)
  • Blister Packaging
  • Elastomeric Seals
  • Needles and Epidural Probes
  • Medical Electronics
  • Cochlear and Ocular Implants
  • Mandrels and Molds
  • Others

By Substrate Type

  • Polymerics
    • Polyurethane
    • Silicon
    • Polyethylene
    • Polypropylene
    • Nylon (Polyamide)
    • Others
  • Metallic
    • Stainless Steel
    • Nickel
    • Titanium
    • Others
  • Ceramic
  • Others

By Application

  • Cardiovascular
  • Neurovascular
  • Peripheral Vascular
  • Ophthalmology
  • Orthopedics
  • Diabetes
  • Musculoskeletal
  • Urogenital
  • Continence Care
  • Dentistry
  • General Surgery
  • Others

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)

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About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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Press Release Provided By: Absolute Markets Insights