Medical Coatings Market to Achieve 7.04% CAGR During Forecast Period

Medical Coatings Market by Type (Hydrophilic and Hydrophobic Coating), Application (Medical Devices, Implants, Medical Equipment & Tools), and Region (Asia-Pacific, Central & Eastern Europe, North America, Western Europe and RoW) - Global Forecast to 2021 By MarketsandMarkets Published: Oct-2016

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Medical Coatings Market: Forecast to 2021 “Rise in aging population, income levels, and awareness about healthcare acquired infections is propelling the market for medical coatings in North America and Europe” The global medical coatings market is projected to reach USD 15.15 billion by 2021 at CAGR of 7.04% from 2016 to 2021. This high growth is fueled by the increasing demand for medical coatings from end-use industries such as healthcare, medical devices, and others.

“Metals - Fastest growing substrate type market of medical coatings” Metals are widely used in the manufacture of medical devices and implants. For instance, some of the most common orthopedic surgeries implant metallic implants. These range from simple screws and wires to fracture fixation plates and artificial joints for hips, shoulders, and knees. The most commonly used metals for medical device applications are stainless steel, silver, commercially pure titanium, and titanium alloys.

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Medical Coatings Market: Forecast to 2021 The medical coatings market in the Asia-Pacific region is expected to grow at the fastest CAGR from 2016 to 2021, in terms of volume, and was led by China and Japan, in 2015.

The Asia-Pacific region was the third largest market, in terms of volume, in 2015. This growth is due to the growing awareness and demand for better medical and healthcare facilities in this region. Also, rise in income levels and the purchasing power of consumers, is playing an important role in the growth of the medical coatings market in this region.

The global market size of medical coatings estimated in this study has been validated through primary interviews with various industry experts, globally. These primary sources have been divided into three categories: by company type; by designation; and by region.  By Company Type - Tier 1 – 22%, Tier 2 – 33% and Tier 3 – 45%  By Designation – C level – 11%, Director level – 30%, Others – 59%  By Region – North America - 11%, Europe – 22%, APAC – 11%, RoW – 56%

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Medical Coatings Market: Forecast to 2021 The report also provides company profiles and competitive strategies adopted by the major market players such as Royal DSM (Netherlands), Hydromer Inc. (U.S.), Surmodics Inc. (U.S.), AST Products Inc. (U.S.), and Covalent Technologies Ltd. (Canada), Abbott Laboratories (U.S.), Precision Coatings Inc. (U.S.).

Complete report on Medical Coatings Market spread across 172 pages, 10 profiling companies and supported with 123 tables and 37 figures is now available at http://www.rnrmarketresearch.com/medical-coatings-market-by-type-hydrophilic-andhydrophobic-coatings-application-medical-devices-implants-medical-equipment-toolsand-others-and-geography-regional-trends-forecast-to-2019-market-report.html

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Medical Coatings Market: Forecast to 2021 Table of Contents 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Medical Coatings Market, By Type 8 Medical Coatings Market, By Application 9 Medical Coatings Market, By Region Purchase a copy of this report : http://www.rnrmarketresearch.com/contacts/purchase?rname=727405

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Medical Coatings Market: Forecast to 2021 For more details contact Mr. Ritesh Tiwari: sales@rnrmarketresearch.com / +18883915441

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