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Advanced Report on Medical Device Coatings Market 2023 With Registering a CAGR of 6.8%

Medical device coatings (MDC) are materials that provide greater flexibility or adjustability to the physicians and reduce the thrombogenicity in patients. These materials enable reduced injury to the blood vessels and help to lower the friction between medical devices and tissue. These materials provide wetting, uniform adhesion, wear resistance, and coating homogeneity.

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The global medical device coatings market is anticipated to grow during the forecast period, owing to rise in preference for implantable & non-implantable medical equipment, growth in the number of private & public hospitals, and increase in demand for coatings due to their improved biocompatibility between live tissue and medical devices. The global MDC market accounted for $11,032 million in 2016, and is estimated to reach at $17,400 million by 2023, registering a CAGR of 6.8% from 2017 to 2023.

The global medical device coatings market is driven by rise in prevalence of diseases; increase in demand for hydrophilic lubricious coatings; and the use of cardiovascular and urology catheters, and short term implanted devices. However, time-consuming approval process and volatile raw material prices impede the market growth. The increase in awareness about novel surgeries, geriatric population, and demand for better healthcare facilities provide opportunities for the market growth during the forecast period.

The global medical device coatings market is segmented on the basis of coating, material, device type, and geography. Based on coating, it is bifurcated into hydrophilic and hydrophobic coating. Based on material, it is divided into metals, ceramics, and polymers. The metal segment is further categorized into silver, titanium, and others. The polymers segment is divided into silicones, parylene, and fluoropolymers. Fluropolymers are further classified into polytetrafluroethylene (PTFE), polyvinylidene difluoride (PVDF), and others.

Some of the key players of Medical Device Coatings Market:

Surmodics, Inc.,Covalon Technologies Ltd.,Royal DSM,Hydromer. Inc.,Precision Coatings Co. Inc.,AST Products Inc.,Abbott Laboratories,Biocoat, Inc.,Specialty Coating Systems, Inc.,Harland Medical Systems, Inc.

 The Global Medical Device Coatings Market research report ofrs an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Medical Device Coatings market based on product and application. It also provides market size and forecast till 2023 for overall Medical Device Coatings market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Medical Device Coatings Market Size
2.2 Medical Device Coatings Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Medical Device Coatings Market Size by Manufacturers
3.2 Medical Device Coatings Key Players Head office and Area Served
3.3 Key Players Medical Device Coatings Product/Solution/Service
3.4 Date of Enter into Medical Device Coatings Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Medical Device Coatings Sales by Product
4.2 Global Medical Device Coatings Revenue by Product
4.3 Medical Device Coatings Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Medical Device Coatings Breakdown Data by End User

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Medical Device Coatings Market 2020 Leading Growth Drivers, Emerging Audience, Segments, Sales, Trends & Analysis 2027 | Surmodics, Inc., Covalon Technologies Ltd., Royal DSM, Hydromer. Inc., etc

Incorporated with Info-graphics, charts, 35 tables and 55 figures, this 187-page research report on “Medical Device Coatings Market” is based on a comprehensive research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2014-2018, base year estimates for 2019, and forecasts from 2020 to 2027.

The latest report is inclusive of an extensive coverage of the significant impact of the COVID-19 pandemic on the Medical Device Coatings business sector. The coronavirus outbreak has drastically impacted the global economic landscape, and consequently, this particular business vertical. Therefore, the report provides the reader with a clear concept of the current scenario of this business vertical, estimating its COVID-19 aftereffects.

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Competitive Landscape:

The global Medical Device Coatings market is highly consolidated due to the presence of numerous companies operating across this industry. The report depicts the current market standing of these companies, their past performances, demand and supply graphs, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market. The leading market contenders listed in the report are:

In market segmentation by manufacturers, the report covers the following companies-

Surmodics, Inc., Covalon Technologies Ltd., Royal DSM, Hydromer. Inc., Precision Coatings Co. Inc., AST Products Inc., Abbott Laboratories, Biocoat Inc., and Harland Medical Systems Inc., among others.

Overview of the Medical Device Coatings report:

The latest report titled, Medical Device Coatings uncovers the value at which the Medical Device Coatings industry is projected to grow during the forecast period, 2020 to 2027.  The prime objective of this study is to offer a detailed assessment of the Medical Device Coatings business based on type, sector as well as geography. The researchers analysing different elements associated with the business further offer extensive data regarding various factors such as opportunities, drivers, restraints and challenges influencing the growth rate of the Medical Device Coatings industry.

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Hydrophilic coatings
  • Antimicrobial coatings
  • Drug-eluting coatings
  • Anti – thrombogenic coatings
  • Others

Material Outlook (Revenue, USD Billion; 2017-2027)

  • Metal
  • Ceramic
  • Polymer

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Neurology
  • Orthopedics
  • General surgery
  • Cardiovascular
  • Dentistry
  • Gynaecology
  • Others

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Market Scope:

Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2020 – 2027. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.

Geographical Scenario:

In this section of the report, market analysts have provided valuable insights into the geographical segmentation of the Medical Device Coatings market. They have further estimated the current and future market valuations on the basis of the demand-supply dynamics and pricing structure of the leading regional segments. Moreover, the growth prospects of each regional segment have been meticulously extensively discussed in the report.

In market segmentation by geographical regions, the report has analysed the following regions-

North America (USA, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The research provides answers to the following key questions:

  • What will be the market size and growth rate of the Medical Device Coatings market for the forecast period 2020 -2027 across different regions?
  • What are the key driving forces expected to shape the future of the industry worldwide?
  • What strategies are the prominent vendors adapting to stay ahead of their competitors?
  • Which major trends are impacting the development of the Medical Device Coatings Market Worldwide?
  • Which factors can hinder, challenge or even restrict the expansion of the Medical Device Coatings market worldwide?
  • What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2020 – 2027?

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