The global medical device coating market size is projected to surpass US$ 18 million by 2027, and register a CAGR of 9.1% over the forecast period (2019 - 2027).
Medical Device Coating Market Size Trends Forecast 2027 The global medical device coating market size is projected to surpass US$ 18 million by 2027, and register a CAGR of 9.1% over the forecast period (2019 2027). Market Overview Medical equipment is used at various phases right from basic check-up to surgical procedures or clinical tests. Medical devices, no matter at which phase they are used, need to meet certain safety and sanitary guidelines in order to ensure accurate disease diagnosis and meet the expected medical result. Medical equipment frequently comes in contact with external stimuli such as blood, tissue, and bacteria, which makes it necessary to introduce coatings that can reduce potential complications. Various types of medical coatings such as dry lubricants, water-repellant polymers, adhesive coatings, hydrophilic coatings, and anti-microbial liquids are used on medical devices depending on their applications. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2790 Market Outlook Rising geriatric population and increasing number government initiatives to improve quality of healthcare in developed countries such as the U.S., North America is expected to witness the largest growth in the medical coatings market. The sophisticated and strong nature of the market in Canada, increasing prevalence of key manufacturers in the region, and technological advancements are likely to favour growth of the market significantly. Asia Pacific is expected to emerge as the second largest market due to enormous demand from emerging economies such as China, India, and countries in Southeast Asia. Increasing incidence of cardiovascular disease in the region is also contributing to the market share. Other regions such as South America and the Middle East are also projected to experience significant growth in the next few years. Key Players Major players operating in the global medical device coating market include AST Products, Inc., N8 Medical Inc, Surmodics Inc., Hydromer Inc., Precision Coating Company Inc., TheraSyn Pharmaceuticals Inc., Specialty Coating Systems Inc., Kane Biotech Inc., Abbott Laboratories, Royal DSM N.V., Biocoat, Inc., Materion Corp., and Sono-Tek Corp. For More Information: http://bit.ly/33RG6MY About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
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