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Medical Device Coating Market 1

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
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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.
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