According to FutureWise analysis the market for medical device coating in 2023 is US$ 8.83 billion, and is expected to reach US$ 15.19 billion by 2031 at a CAGR of 7.02%.
Medical device coatings (MDCs) are chemicals that improve a medical device's mobility and performance. MDCs are used to protect the surfaces of a variety of medical devices, including those used in dentistry, neurology, and other fields. As a result of their use, appropriate sanitation, corrosion resistance, and biocompatibility are achieved. They help to minimise thrombogenicity, allergic responses, and blood vessel injuries. Furthermore, medical device coatings have a variety of qualities, including the ability to be hydrophilic or hydrophobic in nature. These coatings are also employed in a variety of medical equipment, including general surgery devices, cardiology devices, orthopaedic devices, dentistry implants, neurology devices, gynaecology devices, and others. The surge in the number of hospital-acquired infections is propelling the medical device coating sector forward (HAI). Infected medical devices, for example, might spread hospital-acquired infections, necessitating the use of medical device coating to prevent HAIs. As a result, antimicrobial medical device coatings may aid to minimise the spread of HAIs, raising demand and moving the market ahead. The market is also being driven by factors such as the increased frequency of conditions such as cardiovascular and orthopaedic problems, which need the use of medical coating devices.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Medical Device Coating Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Medical Device Coating Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.