Medical Grade Coatings Market Size, Share, Demand and Trends by 2022-2031

-

As per a examine through future market Insights, the medical grade coatings market will enlarge at a CAGR of 6.7% in the course of the forecast length of 2021-2031.  The growing demand for medical device and enlargement of the scientific devices zone in various regions had been creating possibilities for the increase of the clinical grade coatings marketplace. As according to the report, amongst materials used, the demand for polytetrafluoroethylene or PTFE is drastically high. PTFE substances have wider programs in coating and are utilized in hydrophobic, anti-microbial, and other coatings. It’s far anticipated to account for almost 33% of medical grade coatings synthetic in 2021 in phrases of fee.

Regionally, North the usa and Europe will stay key markets. Of these, North the united states is anticipated to remain dominant. The presence of a properly-developed healthcare infrastructure will maintain helping boom in those regions.

“Growing demand from medical sector is expected to drive the medical grade coatings sales. While developed countries will continue exhibiting demand, stagnancy in certain pockets will compel market players to explore options in emerging economies. Considering the presence of unmet medical needs and increasing focus on expansion of healthcare sector, medical grade coatings manufacturers will find conducive environment for growth in  emerging nations,” says an FMI analyst.

Get Your 30% Discount Now! Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8664

Key Takeaways of Global Medical Grade Coatings Market Study

  • Medical grade coatings market is expected to surpass US$ 6.68 Bn in 2021
  • The U.S. will emerge dominant, accounting for nearly 85% of sales in North America. Thanks to increasing focus on healthcare research, the U.S. will continue spearheading growth in the region
  • The U.K. will exhibit 5.4% y-o-y growth in 2021, driven by increasing healthcare spending
  • Germany and France will remain attractive pockets for sales within Europe
  • China will remain the leading market for medical grade coatings in East Asia, followed by Japan and South Korea.

The global medical grade coatings market is anticipated to grow substantially owing to the development in the medical as well as health-care sector and increasing investment in innovation and development of medical devices and equipment. Outbreak of COVID-19 has significantly impacted the global medical grade coatings market. The rising demand for various medical equipment and devices to offer efficient care to a mounting number of patients created prospects for medical grade coatings sales.

Who is Winning?

Key players are focusing on research and development activities to introduce new and innovative products, solutions, and technologies. The global medical grade coatings market can be considered as oligopolistic due to the presence of a considerable number of players across the globe, accounting for a considerable volume of share. There is increasing focus on collaboration and acquisitions to increase market presence.

The global medical grade coatings market has been identified as a significantly fragmented market. The Tier 1 manufacturers account for maximum share in the global market. Some of the  leading players included in the report are DuPont, Koninklijke DSM NV, SurModics, Inc., Speciality Coating Systems Inc. Precision Coating Co. Inc., Biocoat Inc., Covalon Technologies Ltd., Harland Medical Systems Inc., Hydromer Inc., Medicoat, Inc. Aculon Inc., and AST Products Inc the manufacturers across the globe are anticipated to create tough competitive environment on the global level.

Medical Grade Coatings Market by category

Material

  • PTFE
  • PVDF
  • Silicone
  • Parylene
  • Metals
  • Others

Application

  • General Surgery
  • Cardiovascular
  • Orthopedics
  • Neurology
  • Gynecology
  • Dentistry
  • Others

Type

  • Hydrophilic
  • Hydrophobic
  • Anti-Microbial
  • Drug Eluting
  • Others

Formulation

  • Solvent Based
  • Water Based
  • Powder Coating

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Key Success Factors

To be continued…!

Browse Full Report: https://www.futuremarketinsights.com/reports/medical-grade-coatings-market

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the pandemic – is
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. One significa
Read more

Magnesium Carbonate Market Size, Share, Demand, Growth & Trends by 2032

-
Magnesium carbonate is largely utilized as a raw material for the manufacturing of magnesium oxide, a refractory material employed in the cement and steel industries. The global  magnesium carbonate market  is anticipated to expand at a steady  4.7% CAGR  over the forecast period, finds Future Market Insights (FMI) in a recent market analysis. As per FMI, geographically, the market is anticipated to be dominated by South Asia Pacific, which is expected to continue in the forthcoming years. Backed by the aforementioned factors, the global magnesium carbonate market is projected to top  US$ 443.5Mn  by 2032. In recent years, companies are focusing on developing new materials with high purity at competitive prices. Magnesium carbonate, due to its small size, high porosity, and non-toxicity, is adopted in the pharmaceutical industry. Pharmaceutical grade magnesium carbonate is preferred for the treatment of hyperchlorhydria, stomach aches and duodenal ulcers. It is also used in the sur
Read more