coatings market in the past few years. Medical device coatings are
applied on a wide range of medical devices such as catheters, stents,
guide wires, syringes, sutures, hypotubes and mandrels.
Cardiovascular devices is likely to be the fastest growing end-user
segment for the medical device coatings market in the next few years.
In terms of demand, North America held the largest market for medical
device coatings with over 45% share in 2013. Demand for medical
device coatings in North America is estimated to remain stable by the
end of 2020, owing to technological developments in the recent past.
Europe constituted the second-largest market for medical device
coatings in 2013. Growth of medical device coatings in the region is
expected to decline by 2020, due to stringent governmental
regulations imposed by the European Union. Asia Pacific is anticipated
to witness fast paced growth in demand for medical device coatings in