Medical Device Coating Market – Global Industry Analysis and Forecast (2019-2027) By End Use, by Application and By Region.
Market Overview
The global medical device coating market is
anticipated to grow at 5.16% CAGR during the forecast period 2017-2023. The
rising old population and on-going technological innovation will be the key
factors determining the growth potential of the medical device coating market,
suggest analysts. The medical device coating market report suggests that
imposition of stringent rules as well as time consuming regulatory approvals
will affect the market growth. During the forecast period the market for
medical device coating will reach US$10,109.7 million by 2023. The growth in
the medical device coating market to remain positive across all the application
and type segments, however, segments like cardiovascular and orthopedics have
experienced increased growth during the forecast period 2017-2023.
Rising need for non-invasive methods and need for
protective devices are said to be the key medical device coating market growth
factors. Although, during the forecast period 2017-2023, the factors like
changing set of rules and regulations and time-consuming procedure could hamper
the medical device coating market growth. The global medical device coating
market report also covers application and typesegments and in-depth analysis of
Europe, Asia-Pacific, North America, and the Middle East and Africa regions.
Regional Overview
The Medical Device Coating Market is spread across North America, Europe, Asia-Pacific, and
other parts of the world. The global medical device coating market research
report reveals that APAC, North America, and Europe regional medical device
coating markets will dominate the global market for medical device coating
during the forecast period 2017-2023. As per medical device coating market
analysts, the market is set to witness tremendous growth across orthopedics
segments in North America which covers medical device coating markets across
the United States, Canada, Mexico and several other regional markets. Companies
active in the medical device coating market are also analyzed and studied in
the medical device coating market research report.
Growth factors such as increasing demand for quality
healthcare as well as growing need for early detection are set to drive the
market growth across the European regional market for medical device coating.
This region covers smaller market segments of Germany, Italy, France, and the
United Kingdom. Additionally, the medical device coating market research report
covers the Asia-Pacific region covering medical device coating markets from
India, China, Japan, Australia, and others. The medical device coating market
is also spread across the rest of the world. The medical device coating market
report covers all such regions including the Middle East, Africa, Brazil, and
others.
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Market Segmentation
The global medical device coating market is
segmented based on application and type. The medical device coating market is
further segmented based on application into cardiovascular, gynecology,
neurology, orthopedics, and others. The medical device coating market is also
segmented into anti-thrombogenic medical device coating, antimicrobial,
drug-eluting, and hydrophilic on the basis of type.
Imposition of stringent rules may hinder the medical
device coating market growth. The market research report suggests that
companies in the medical device coating market could be supported by increasing
demand for ventilator as well as increasing government expenditure on
healthcare during the forecast period. The medical device coating market is set
to register growth at a high CAGR owing to these key factors. The application
and type segments along with regional markets have been analyzed in the global
medical device coating market research report. The research analysts studying
the medical device coating market have put out market forecasts in the medical
device coating market research report in order to support medical device
coating market-based companies. The medical device coating market research
report provides an extensive understanding of the medical device coating market
based on the information and forecasts till 2023.
Competitive Landscape
The demand for medical device coating has increased
significantly over the years, due to respiratory infections among the expanding
geriatric populace and rising pollution. Companies functioning in the global
medical device coating market are also being challenged due to stringent rules
and lack of infrastructure. Mergers and acquisitions by medical device coating
market companies are anticipated to help the market during the forecast period
2017-2023. As the medical device coating market is set to register a high CAGR
of 5.16% and is also anticipated to reach a US$10,109.7 million by 2023, the
report highlights key areas companies need to focus on. Based on SWOT analysis
and medical device coating market’s analysis based on Porters’ Five Force Model
presented in the medical device coating market report.
Growing illness among the expanding populace, as per
the medical device coating market research report will support the growth. The
global medical device coating market might face slow growth due to poor
healthcare management. The report suggests that the medical device coating
market will see a healthy growth in the long run till 2023. The medical device
coating market research report offers detailed analysis of major organizations
across the medical device coating market. The global medical device coating
market research report offers analysis based on data collected from the medical
device coating market’s decision makers as well as primary and secondary
sources. The medical device coating market research report presents analysis
based information for companies functioning in the medical device coating
market.
Industry News
The transaction aims to improve the role of AMS in
the wound care industry by providing in-house services such as acrylic and
silicone insulation, drill manufacturing and some of the existing outsourced
capacity to convert raw material. AMS plays an especially important role in
Silicone Coating and Perforation as they are inherent in every new advanced
foam covering for wound care. A covered mesh used throughout the new LiquiBand
XL system is produced by Raleigh, a major supplier.
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