TechNavio recognizes the following companies as the key players in the Global Medical Device Coatings Market: Materion Corp., SurModics Inc., Sono-Tek Corp., Hydromer Inc., and Covalon Technologies Ltd.
Commenting on the report, an analyst from TechNavio’s Healthcare team said: “Medical devices that require excellent water attraction and optical clarity have super-hydrophilic coatings. Super-hydrophilic coatings are increasingly being preferred by medical device manufacturers for use on their products because these coatings have several advantages. This type of coating is used on catheters that require lubrication when inserted in percutaneous trans-luminal coronary angioplasty surgery and for stent placement. Hence, the growing popularity of super-hydrophilic coatings is a new trend that is expected to have a strong impact on the market.”
According to the report, the increase in the aging population worldwide is expected to provide several opportunities for healthcare providers.The increasing aging population is driving the need for spinal, orthopedic, and dental medical devices, thereby resulting in a strong demand for medical device coatings. Most of the medical devices in the field of orthopedic and spinal care are implants that require high-quality coatings. Thus, the increasing aging population with a high need for medical devices and implants is expected to propel the growth of the market during the forecast period.
Further, the report states that a key challenge in this market is the variation in regulations for the approval of medical devices in many countries. The regulatory framework is not the same worldwide, and this is a serious challenge for multinational healthcare companies, which is expected to adversely affect the growth of the Global Medical Device Coatings market during the forecast period.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Angiotech Pharmaceuticals Inc., Carmeda AB, Endura Coatings Ltd., Ionbond AG, Kane Biotech Inc., Parker Medical Systems, Parlex Corp. Royal DSM N.V., Specialty Coating Systems Inc., and TheraSyn Pharmaceuticals Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-medical-device-coatings-market-2…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare
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TechNavio Announces the Publication of its Research Report – Global Medical Device Coatings Market 2012-2016
