Medical Coatings Market Soaring at 7.04% CAGR By 2021

The global medical coatings market is projected to reach USD 15.15 billion by 2021 at CAGR of 7.04% from 2016 to 2021. This high growth is fueled by the increasing demand for medical coatings from end-use industries such as healthcare, medical devices, and others.

“Metals – Fastest growing substrate type market of medical coatings”

Metals are widely used in the manufacture of medical devices and implants. For instance, some of the most common orthopedic surgeries implant metallic implants. These range from simple screws and wires to fracture fixation plates and artificial joints for hips, shoulders, and knees. The most commonly used metals for medical device applications are stainless steel, silver, commercially pure titanium, and titanium alloys.


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“Silicones: Largest material type market of medical coatings”

Silicones are widely used in medical devices because of their biocompatibility in a variety of physical forms. Silicone based coatings are used to encapsulate and seal permanent implants such as heart pacemakers and are also used to coat temporary implants such as catheters and surgical drains. Thin elastomeric silicon coatings are also used to serve as replacements for soft tissues by forming an envelope to encapsulate gels and normal saline solutions.


“In terms of volume, Asia-Pacific is projected to be the fastest-growing region for medical coatings, by 2021”

The medical coatings market in the Asia-Pacific region is expected to grow at the fastest CAGR from 2016 to 2021, in terms of volume, and was led by China and Japan, in 2015. The Asia-Pacific region was the third largest market, in terms of volume, in 2015. This growth is due to the growing awareness and demand for better medical and healthcare facilities in this region. Also, rise in income levels and the purchasing power of consumers, is playing an important role in the growth of the medical coatings market in this region.


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The global market size of medical coatings estimated in this study has been validated through primary interviews with various industry experts, globally.

These primary sources have been divided into three categories: by company type; by designation; and by region.

  • By Company Type – Tier 1 – 22%, Tier 2 – 33% and Tier 3 – 45%
  • By Designation – C level – 11%, Director level – 30%, Others – 59%
  • By Region – North America – 11%, Europe – 22%, APAC – 11%, RoW – 56%


The report also provides company profiles and competitive strategies adopted by the major market players such as Royal DSM (Netherlands), Hydromer Inc. (U.S.), Surmodics Inc. (U.S.), AST Products Inc. (U.S.), and Covalon Technologies Ltd. (Canada), Abbott Laboratories (U.S.), Precision Coatings Inc. (U.S.).


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Global Radiopharmaceutical Market Analysis 2012-2017 and Forecast 2018-2023

The Medical Coatings market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the Medical Coatings industrial chain, this report mainly elaborate the definition, types, applications and major players of Medical Coatings market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the Medical Coatings market.

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