Medical Device Coatings Market - The Biggest Trends to Watch Out for 2018-2025

The growing demand for coatings as it improves biocompatibility between living tissue and the medical device will augment the industry growth. The growing preference for implantable and non-implantable medical equipment along with rising number of private and public hospitals will fuel market growth.

The Global Medical Device Coatings Market size is expected to reach USD 15.69 billion by 2025, according to a new report conducted by Grand View Research, Inc.

Technological innovation including the introduction of antimicrobial microRESIST technology for orthopedic implants and catheters which eliminate microorganisms will augment market growth over the forecast period. The product offers lubricity and a smooth outer surface for easy insertion of the guidewires and catheters, which in turn, will propel demand over the forecast period.

Antimicrobial coatings is expected to witness considerable revenue growth at a CAGR of 7.0% from 2016 to 2025 as they protect surfaces from microbes including fungi, parasites, bacteria, and germs.

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The rising number of hospitals along with the increasing requirement for healthcare facilities creates a need for sophisticated devices and equipment, which will augment product demand.

Top Players of Medical Device Coatings Market:

The industry is highly competitive in nature with the main players including Sono-Tek Corp., Materion Corp., Hydromer Inc., Biocoat Inc., SurModics Inc., DSM Biomedical, Specialty Coatings Systems, Inc., and AST Products, Inc.

Market Segmentation of Medical Device Coatings Market:

The Global Medical Device Coatings Market segmented on the basis of Product and Application.

By Products:

    Hydrophilic coatings
    Antimicrobial coatings
    Drug-eluting coatings
    Anti-thrombogenic coatings

By Application:

    Neurology
    Orthopedics
    General surgery
    Cardiovascular
    Dentistry
    Gynecology

Inquire about Medical Device Coatings Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1899

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