Market World Medical Device Coatings Market Dynamics | Page 2

Medical device or equipment coatings assist in plummeting the roughness between tissues and medical devices,
wetting, wear-resistance, uniform adhesion, offers surface coverage and coating homogeneity. Growing
awareness about modestly persistent surgeries amongst the patients is expected to drive the worldwide medical
device coating industry. In addition to which, expansion prospect in medical industries coupled with budding
economies is expected to drive the worldwide market for medical device coatings to some level over the forecast
period. Growing people anxiety towards wellbeing and health coupled with growing disposable earnings is
however expected to augment the demand for enhanced medical facilities over the forecast period. Moreover,
shifting government regulation for medical devices around diverse countries may obstruct the expansion of
medical device coating industry to some extent.
The occurrence of epidemics is growing at an upsetting rate. The high occurrence of chronic sickness, increasing
awareness about cleanliness, and growing worldwide population are critical reasons that are expected to fuel
the demand of medical device or equipment coatings market globally. While the development prospects of the
industry seem very capable, execution of severe government regulations and unstable raw material prices may
obstruct the market expansion to a level over the forecast period. On the basis of formulation of medical device
coatings, the market can be segregated into dry lubricant coatings, super-hydrophilic coatings, and adhesive
coating.
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Dry Lubricant coating is expected to capture maximum market share over the forecast period owing to its
extensive use over the forecast period. The super-hydrophilic medical device coating is accepted to grow at a
very fast rate over the forecast period owing to increasing demand for such devices which demands great optical
clarity coupled with excellent water attraction. On the basis of a type, the market can be segregated into Drug-
eluting coatings, Hydrophilic coatings, and Anti-microbial coatings. Antimicrobial coatings are expected to
capture maximum profit over the forecast period owing to their huge demand in medical and healthcare
industry. The drug-eluting coating is expected to capture the second largest revenue over the forecast period
owing to their capability of slow releasing of drugs for removal of blockages in veins or arteries.
Hydrophilic coatings are expected to be the fastest growing section over the forecast period owing to their
capability of providing smooth lubrication when they are in touch with human tissue. On the basis of their
utilization over medical industry, the market can be segregated into orthopaedics, neurology, surgery,
gynecology, cardiology, ophthalmology, dentistry and others. Cardiology is expected to capture maximum
revenue over the forecast period owing to their extensive use in various instruments such as angioplasty,
balloon catheters, occlusion devices, percutaneous devices, coronary stents, guide wires, and others.