Development in the design of medical devices such as guidewires, catheters and stents has enhanced the quality of medical concern to a big extent. However, these equipments are prepared by materials which when approaching a contact with the exterior environment can source undesirable difficulties such as blood clots, bacterial infection, and tissue trauma. Medical device coating is being utilized to lessen such shortcomings. Medical device coating skill utilizes UV curing or an organic solvent for the function of coating the medical equipment. Water-based or dry formulations are utilized as coating technology which facilitates solvent free dispensation.
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The key driving factors responsible for the growth of Medical Device
Coatings market :
The medical equipment coatings
market is determined by growing healthcare consciousness in developing and
developed countries coupled with growing demand for enhanced healthcare &
medical facilities. Medical device or equipment coatings are being utilized for
wear & tear, to counter microbial growth and avoidance of infection by
medical devices. Moreover, major foreign investment in the medical equipment
industry in China coupled with compassionate governmental policies and
regulations is expected to drive requirement of medical equipment or device
coatings.
Growing requirement of
nanotechnology supported coatings is projected to provide superior
opportunities for industry growth over the forecast period. Though, instability
in a cost of raw materials coupled with severe governmental policy and
regulations is expected to obstruct market growth over the forecast period.
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.
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.
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